Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Interest income from loans	$ 233,619	$ 190,575
Interest income from investment securities	13,983	11,610
Servicing fees	9,992	8,402
Rental income	31,580	76,338
Other revenues	4,818	305
Total revenues	293,992	287,230
Costs and expenses:
Management fees	55,295	38,736
Interest expense	126,451	103,374
General and administrative	44,321	38,636
Acquisition and investment pursuit costs	422	185
Costs of rental operations	9,290	28,745
Depreciation and amortization	11,647	22,474
Credit loss (reversal) provision, net	(3,658)	44
Other expense	55	685
Total costs and expenses	243,823	232,879
Other income (loss):
Change in net assets related to consolidated VIEs	26,749	39,745
Change in fair value of servicing rights	1,084	(796)
Change in fair value of investment securities, net	(355)	(306)
Change in fair value of mortgage loans, net	(125,783)	(9,478)
(Loss) earnings from unconsolidated entities	(910)	1,734
Gain on sale of investments and other assets, net	98,468	17,693
Gain on derivative financial instruments, net	127,268	33,989
Foreign currency loss, net	(27,281)	(11,681)
Loss on extinguishment of debt	(823)	(516)
Other (loss) income, net	(763)	21
Total other income	331,695	70,405
Income before income taxes	381,864	124,756
Income tax benefit (provision)	2,450	(2,230)
Net income	384,314	122,526
Net income attributable to non-controlling interests	(59,715)	(11,148)
Net income attributable to Starwood Property Trust, Inc.	$ 324,599	$ 111,378
Earnings per share data attributable to Starwood Property Trust, Inc.:
Basic (in dollars per share)	$ 1.04	$ 0.39
Diluted (in dollars per share)	$ 1.02	$ 0.38
Primary beneficiary
Other income (loss):
Income from affordable housing fund investments	$ 234,041	$ 0