Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 395,799	$ 261,061
Restricted cash	135,637	121,072
Loans held-for-investment, net of credit loss allowances of $134,430 and $99,413	18,452,424	18,401,439
Loans held-for-sale, at fair value	2,810,889	2,784,594
Investment securities, net of credit loss allowances of $10,240 and $3,182 ($140,148 and $142,334 held at fair value)	772,887	815,804
Properties, net	1,443,979	1,449,986
Investments in unconsolidated entities	93,069	91,892
Goodwill	259,846	259,846
Intangible assets ($18,094 and $17,790 held at fair value)	66,796	68,773
Derivative assets	96,619	108,621
Accrued interest receivable	181,807	168,521
Other assets	356,076	297,477
Variable interest entity (“VIE”) assets, at fair value	50,526,390	52,453,041
Total Assets	77,354,380	79,043,129
Liabilities:
Accounts payable, accrued expenses and other liabilities	277,330	298,999
Related-party payable	39,583	41,186
Dividends payable	152,267	151,511
Derivative liabilities	78,407	91,404
Secured financing agreements, net	14,846,988	14,501,532
Collateralized loan obligations and single asset securitization, net	3,672,783	3,676,224
Unsecured senior notes, net	2,331,445	2,329,211
VIE liabilities, at fair value	48,838,686	50,754,355
Total Liabilities	70,237,489	71,844,422
Commitments and contingencies (Note 22)
Temporary Equity: Redeemable non-controlling interests	364,418	362,790
Starwood Property Trust, Inc. Stockholders’ Equity:
Preferred stock, $0.01 per share, 100,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 per share, 500,000,000 shares authorized, 319,669,537 issued and 312,220,846 outstanding as of March 31, 2023 and 318,123,861 issued and 310,675,170 outstanding as of December 31, 2022	3,197	3,181
Additional paid-in capital	5,826,509	5,807,087
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Retained earnings	670,690	769,237
Accumulated other comprehensive income	19,851	20,955
Total Starwood Property Trust, Inc. Stockholders’ Equity	6,382,225	6,462,438
Non-controlling interests in consolidated subsidiaries	370,248	373,479
Total Permanent Equity	6,752,473	6,835,917
Total Liabilities and Equity	77,354,380	79,043,129
Primary beneficiary
Assets:
Investments of consolidated affordable housing fund, at fair value	1,762,162	$ 1,761,002
Total Assets	75,400
Liabilities:
Total Liabilities	$ 35,300