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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Interest income from loans $ 430,908 $ 233,619
Interest income from investment securities 18,637 13,983
Servicing fees 7,256 9,992
Rental income 32,289 31,580
Other revenues 1,324 4,818
Total revenues 490,414 293,992
Costs and expenses:    
Management fees 39,540 55,295
Interest expense 335,301 126,451
General and administrative 42,108 44,321
Acquisition and investment pursuit costs 269 422
Costs of rental operations 11,666 9,290
Depreciation and amortization 12,416 11,647
Credit loss provision (reversal), net 43,194 (3,658)
Other expense 848 55
Total costs and expenses 485,342 243,823
Other income (loss):    
Change in net assets related to consolidated VIEs 41,138 26,749
Change in fair value of servicing rights 304 1,084
Change in fair value of investment securities, net 82 (355)
Change in fair value of mortgage loans, net 8,901 (125,783)
Earnings (loss) from unconsolidated entities 2,725 (910)
Gain on sale of investments and other assets, net 190 98,468
(Loss) gain on derivative financial instruments, net (32,828) 127,268
Foreign currency gain (loss), net 15,019 (27,281)
Loss on extinguishment of debt (61) (823)
Other loss, net (2,541) (763)
Total other income 45,894 331,695
Income before income taxes 50,966 381,864
Income tax benefit 8,795 2,450
Net income 59,761 384,314
Net income attributable to non-controlling interests (7,787) (59,715)
Net income attributable to Starwood Property Trust, Inc. $ 51,974 $ 324,599
Earnings per share data attributable to Starwood Property Trust, Inc.:    
Basic (in dollars per share) $ 0.16 $ 1.04
Diluted (in dollars per share) $ 0.16 $ 1.02
Primary beneficiary    
Other income (loss):    
Income from affordable housing fund investments $ 12,965 $ 234,041