0001628280-23-037541.txt : 20231108 0001628280-23-037541.hdr.sgml : 20231108 20231108065017 ACCESSION NUMBER: 0001628280-23-037541 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20231108 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20231108 DATE AS OF CHANGE: 20231108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STARWOOD PROPERTY TRUST, INC. CENTRAL INDEX KEY: 0001465128 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 270247747 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34436 FILM NUMBER: 231385882 BUSINESS ADDRESS: STREET 1: C/O STARWOOD CAPITAL GROUP STREET 2: 591 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: (203) 422-7700 MAIL ADDRESS: STREET 1: C/O STARWOOD CAPITAL GROUP STREET 2: 591 WEST PUTNAM AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 8-K 1 stwd-20231108.htm 8-K stwd-20231108
0001465128FALSE00014651282023-08-032023-08-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 8, 2023

Starwood Property Trust, Inc.
(Exact name of registrant as specified in its charter)

Maryland001-3443627-0247747
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

591 West Putnam Avenue
Greenwich, CT
 06830
(Address of principal (Zip Code)
executive offices)  
Registrant’s telephone number,
including area code:
(203) 422-7700

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.01 par value per shareSTWDNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02. Results of Operations and Financial Condition.

On November 8, 2023, Starwood Property Trust, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2023. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits

Exhibit
Number

Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



2


EXHIBIT INDEX

Exhibit
Number
Description
99.1



3


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 8, 2023
STARWOOD PROPERTY TRUST, INC.
 By:
/s/ RINA PANIRY
 Name:Rina Paniry
 Title:Chief Financial Officer, Treasurer, Chief Accounting Officer and Principal Financial Officer

4

 EX-99.1 2 stwd_pressrelease-q32023.htm EX-99.1 Document
image_0a.jpg
Exhibit 99.1
For Immediate Release
Starwood Property Trust Reports Results for
Quarter Ended September 30, 2023
– Quarterly GAAP Earnings of $0.15 and Distributable Earnings (DE) of $0.49 per Diluted Share –
– Undepreciated Book Value Per Share of $21.15 –
– Originated or Acquired $652 Million of Assets in the Quarter and $1.5 Billion Year-To-Date –
– Received Repayments of $1.1 Billion in the Quarter and $2.9 Billion Year-To-Date –
– Repaid $300 Million of Senior Notes at Maturity Subsequent to Quarter End –
– Paid Dividend of $0.48 per Share –
GREENWICH, Conn., November 8, 2023 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30, 2023. The Company’s third quarter 2023 GAAP net income was $47.4 million, and Distributable Earnings (a non-GAAP financial measure) was $158.4 million.

“With the U.S. regional and money center banks having dramatically reduced their real estate lending activities, the lending markets today present tremendous return opportunities. In contrast to many of our public peers, we have actually been deploying capital, with $2.7 billion of new investments over the last twelve months. We have been extremely selective in doing so until both the level of interest rates and the trajectory of the economy become more transparent. Nonetheless, we are positioned to perform. Our significant current liquidity, our lower leveraged balance sheet, and our diversified business model, position STWD to immediately capitalize on these credit conditions as the windshield clears. With the opportunity set before us, and what we feel will be a more permanent lack of capital from traditional lending sources, STWD is positioned to become one of the leading private credit alternative firms for real estate and infrastructure lending in the world,” commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust.

“We again demonstrated our access to capital in the most difficult markets, raising $381 million of convertible notes. With near record levels of liquidity and access to significant additional capital sources, we are very well positioned for this environment,” added Jeffrey DiModica, President of Starwood Property Trust.


Supplemental Schedules
The Company has published supplemental earnings schedules on its website in order to provide additional disclosure and financial information for the benefit of the Company’s stakeholders. Specifically, these materials can be found on the Company’s website in the Investor Relations section under “Quarterly Results” at www.starwoodpropertytrust.com.
1


Webcast and Conference Call Information
The Company will host a live webcast and conference call on Wednesday, November 8, 2023, at 10:00 a.m. Eastern Time. To listen to a live broadcast, access the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. The webcast is available at www.starwoodpropertytrust.com in the Investor Relations section of the website. The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in. 
To Participate via Telephone Conference Call:
Dial in at least 15 minutes prior to start time.
Domestic: 1-877-407-9039
International: 1-201-689-8470

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Passcode: 13739159
The playback can be accessed through November 22, 2023.
About Starwood Property Trust, Inc.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of September 30, 2023, the Company has successfully deployed over $95 billion of capital since inception and manages a portfolio of over $27 billion across debt and equity investments. Starwood Property Trust’s investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.
Forward-Looking Statements
Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements are developed by combining currently available information with our beliefs and assumptions and are generally identified by the words “believe,” “expect,” “anticipate” and other similar expressions.  Although Starwood Property Trust, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained.  Factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, completion of pending investments and financings, continued ability to acquire additional investments, competition within the finance and real estate industries, availability of financing, the severity and duration of economic disruption caused by the COVID-19 global pandemic (including the variants and resurgences) and other risks detailed under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as well as other risks and uncertainties set forth from time to time in the Company’s reports filed with the SEC, including its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.
In light of these risks and uncertainties, there can be no assurances that the results referred to in the forward-looking statements contained herein will in fact occur. Except to the extent required by applicable law or regulation, we undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, changes to future results over time or otherwise.

2



Additional information can be found on the Company’s website at www.starwoodpropertytrust.com.

Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
3


Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations by Segment
For the three months ended September 30, 2023
(Amounts in thousands)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$397,045 $58,628 $— $1,626 $— $457,299 $— $457,299 
Interest income from investment securities36,178 155 — 25,133 — 61,466 (41,333)20,133 
Servicing fees147 — — 11,228 — 11,375 (2,745)8,630 
Rental income2,470 — 23,567 7,054 — 33,091 — 33,091 
Other revenues822 469 193 407 503 2,394 — 2,394 
Total revenues436,662 59,252 23,760 45,448 503 565,625 (44,078)521,547 
Costs and expenses:
Management fees199 — — — 26,944 27,143 — 27,143 
Interest expense247,727 34,887 14,161 8,448 63,346 368,569 (212)368,357 
General and administrative15,659 3,822 1,021 21,365 4,824 46,691 — 46,691 
Acquisition and investment pursuit costs207 4 — — — 211 — 211 
Costs of rental operations2,475 — 6,039 3,263 — 11,777 — 11,777 
Depreciation and amortization1,912 27 7,930 2,402 — 12,271 — 12,271 
Credit loss provision, net51,487 1,147 — — — 52,634 — 52,634 
Other expense516 — — — — 516 — 516 
Total costs and expenses320,182 39,887 29,151 35,478 95,114 519,812 (212)519,600 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 43,763 43,763 
Change in fair value of servicing rights— — — (983)— (983)915 (68)
Change in fair value of investment securities, net21,456 — — (20,753)— 703 (420)283 
Change in fair value of mortgage loans, net(68,450)— — 1,644 — (66,806)— (66,806)
Income from affordable housing fund investments— — 16,908 — — 16,908 — 16,908 
Earnings (loss) from unconsolidated entities1,142 (2,459)— 400 — (917)(392)(1,309)
(Loss) gain on sale of investments and other assets, net(52)— — 10,668 — 10,616 — 10,616 
Gain (loss) on derivative financial instruments, net99,735 98 557 4,116 (9,623)94,883 — 94,883 
Foreign currency (loss) gain, net(56,309)(382)45 — — (56,646)— (56,646)
Loss on extinguishment of debt(757)— — (315)— (1,072)— (1,072)
Other (loss) income, net(2,527)(6)— 12 — (2,521)— (2,521)
Total other income (loss)(5,762)(2,749)17,510 (5,211)(9,623)(5,835)43,866 38,031 
Income (loss) before income taxes110,718 16,616 12,119 4,759 (104,234)39,978 — 39,978 
Income tax benefit9,823 243 — 1,333 — 11,399 — 11,399 
Net income (loss)120,541 16,859 12,119 6,092 (104,234)51,377 — 51,377 
Net income attributable to non-controlling interests(3)— (7,812)3,873 — (3,942)— (3,942)
Net income (loss) attributable to Starwood Property Trust, Inc.$120,538 $16,859 $4,307 $9,965 $(104,234)$47,435 $— $47,435 
4


Definition of Distributable Earnings
Distributable Earnings, a non-GAAP financial measure, is used to compute the Company’s incentive fees to its external manager and is an appropriate supplemental disclosure for a mortgage REIT. For the Company’s purposes, Distributable Earnings is defined as GAAP net income (loss) excluding non-cash equity compensation expense, the incentive fee due to the Company’s external manager, acquisition costs from successful acquisitions, depreciation and amortization of real estate and associated intangibles, any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period and, to the extent deducted from net income (loss), distributions payable with respect to equity securities of subsidiaries issued in exchange for properties or interests therein. The amount is adjusted to exclude one-time events pursuant to changes in GAAP and certain other non-cash adjustments as determined by the Company’s external manager and approved by a majority of the Company’s independent directors. Refer to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 for additional information regarding Distributable Earnings.
Reconciliation of Net Income to Distributable Earnings
For the three months ended September 30, 2023
(Amounts in thousands except per share data)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateTotal
Net income (loss) attributable to Starwood Property Trust, Inc.$120,538 $16,859 $4,307 $9,965 $(104,234)$47,435 
Add / (Deduct):
Non-controlling interests attributable to Woodstar II Class A Units— — 4,691 — — 4,691 
Non-controlling interests attributable to unrealized gains/losses— — (109)(7,312)— (7,421)
Non-cash equity compensation expense2,209 387 79 1,601 6,345 10,621 
Acquisition and investment pursuit costs— — (82)(66)— (148)
Depreciation and amortization2,099 17 8,001 2,519 — 12,636 
Interest income adjustment for securities5,504 — — 7,229 — 12,733 
Consolidated income tax benefit associated with fair value adjustments(9,823)(243)— (1,333)— (11,399)
Other non-cash items4 — 370 74 — 448 
Reversal of GAAP unrealized and realized (gains) / losses on:
Loans68,450 — — (1,644)— 66,806 
Credit loss provision, net51,487 1,147 — — — 52,634 
Securities(21,456)— — 20,753 — (703)
Woodstar Fund investments— — (16,908)— — (16,908)
Derivatives(99,735)(98)(557)(4,116)9,623 (94,883)
Foreign currency56,309 382 (45)— — 56,646 
(Earnings) loss from unconsolidated entities(1,142)2,459 — (400)— 917 
Sales of properties— — — (10,668)— (10,668)
Recognition of Distributable realized gains / (losses) on:
Loans (1,190)— — 2,764 — 1,574 
Realized credit loss— (11,106)— — — (11,106)
Securities 41 — — (11,571)— (11,530)
Woodstar Fund investments— — 16,736 — — 16,736 
Derivatives35,488 105 6,558 1,615 (8,912)34,854 
Foreign currency (2,542)(24)44 — — (2,522)
Earnings (loss) from unconsolidated entities1,142 (865)— 315 — 592 
Sales of properties— — — 6,321 — 6,321 
Distributable Earnings (Loss)$207,383 $9,020 $23,085 $16,046 $(97,178)$158,356 
Distributable Earnings (Loss) per Weighted Average Diluted Share$0.64 $0.03 $0.07 $0.05 $(0.30)$0.49 
5


Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations by Segment
For the nine months ended September 30, 2023
(Amounts in thousands)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$1,166,758 $172,969 $— $4,329 $— $1,344,056 $— $1,344,056 
Interest income from investment securities102,462 1,658 — 69,521 — 173,641 (115,952)57,689 
Servicing fees441 — — 30,472 — 30,913 (8,685)22,228 
Rental income6,410 — 70,587 20,690 — 97,687 — 97,687 
Other revenues2,007 995 494 1,302 1,172 5,970 — 5,970 
Total revenues1,278,078 175,622 71,081 126,314 1,172 1,652,267 (124,637)1,527,630 
Costs and expenses:
Management fees629 — — — 97,032 97,661 — 97,661 
Interest expense724,452 103,188 40,229 24,752 175,002 1,067,623 (633)1,066,990 
General and administrative42,117 11,520 2,966 62,052 13,300 131,955 — 131,955 
Acquisition and investment pursuit costs665 17 — (57)— 625 — 625 
Costs of rental operations7,505 — 17,034 10,371 — 34,910 — 34,910 
Depreciation and amortization5,262 84 24,061 7,603 — 37,010 — 37,010 
Credit loss provision, net200,439 17,314 — — — 217,753 — 217,753 
Other expense1,451 — 23 16 — 1,490 — 1,490 
Total costs and expenses982,520 132,123 84,313 104,737 285,334 1,589,027 (633)1,588,394 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 139,024 139,024 
Change in fair value of servicing rights— — — (2,684)— (2,684)3,082 398 
Change in fair value of investment securities, net62,766 — — (46,213)— 16,553 (16,200)353 
Change in fair value of mortgage loans, net(125,390)— — 14,143 — (111,247)— (111,247)
Income from affordable housing fund investments— — 253,696 — — 253,696 — 253,696 
Earnings (loss) from unconsolidated entities3,563 1,324 — 8,393 — 13,280 (1,902)11,378 
(Loss) gain on sale of investments and other assets, net(140)— — 15,626 — 15,486 — 15,486 
Gain (loss) on derivative financial instruments, net132,686 244 4,448 4,469 (23,416)118,431 — 118,431 
Foreign currency (loss) gain, net(18,118)(225)50 — — (18,293)— (18,293)
Loss on extinguishment of debt(1,822)— — (434)— (2,256)— (2,256)
Other (loss) income, net(31,693)— (5)12 — (31,686)— (31,686)
Total other income (loss)21,852 1,343 258,189 (6,688)(23,416)251,280 124,004 375,284 
Income (loss) before income taxes317,410 44,842 244,957 14,889 (307,578)314,520 — 314,520 
Income tax benefit15,981 581 — 2,435 — 18,997 — 18,997 
Net income (loss)333,391 45,423 244,957 17,324 (307,578)333,517 — 333,517 
Net income attributable to non-controlling interests(10)— (65,149)(106)— (65,265)— (65,265)
Net income (loss) attributable to Starwood Property Trust, Inc.$333,381 $45,423 $179,808 $17,218 $(307,578)$268,252 $— $268,252 
6


Reconciliation of Net Income to Distributable Earnings
For the nine months ended September 30, 2023
(Amounts in thousands except per share data)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateTotal
Net income (loss) attributable to Starwood Property Trust, Inc.$333,381 $45,423 $179,808 $17,218 $(307,578)$268,252 
Add / (Deduct):
Non-controlling interests attributable to Woodstar II Class A Units— — 14,073 — — 14,073 
Non-controlling interests attributable to unrealized gains/losses— — 42,691 (11,339)— 31,352 
Non-cash equity compensation expense6,518 1,082 231 4,771 18,453 31,055 
Management incentive fee— — — — 16,179 16,179 
Acquisition and investment pursuit costs(81)— (246)(294)— (621)
Depreciation and amortization5,696 55 24,278 7,965 — 37,994 
Interest income adjustment for securities16,661 — — 20,243 — 36,904 
Extinguishment of debt, net— — — — (246)(246)
Consolidated income tax benefit associated with fair value adjustments(15,981)(581)— (2,435)— (18,997)
Other non-cash items10 — 1,117 222 — 1,349 
Reversal of GAAP unrealized and realized (gains) / losses on:
Loans125,390 — — (14,143)— 111,247 
Credit loss provision, net200,439 17,314 — — — 217,753 
Securities(62,766)— — 46,213 — (16,553)
Woodstar Fund investments— — (253,696)— — (253,696)
Derivatives(132,686)(244)(4,448)(4,469)23,416 (118,431)
Foreign currency18,118 225 (50)— — 18,293 
Earnings from unconsolidated entities(3,563)(1,324)— (8,393)— (13,280)
Sales of properties— — — (15,626)— (15,626)
Unrealized impairment of properties23,833 — — — — 23,833 
Recognition of Distributable realized gains / (losses) on:
Loans(3,531)— — 15,049 — 11,518 
Realized credit loss(14,662)(11,106)— — — (25,768)
Securities51 — — (19,043)— (18,992)
Woodstar Fund investments— — 45,398 — — 45,398 
Derivatives85,797 295 16,232 1,804 (23,437)80,691 
Foreign currency(5,166)(40)49 — — (5,157)
Earnings (loss) from unconsolidated entities3,563 (2,001)— 6,593 — 8,155 
Sales of properties— — 6,444 — 6,444 
Distributable Earnings (Loss)$581,021 $49,098 $65,437 $50,780 $(273,213)$473,123 
Distributable Earnings (Loss) per Weighted Average Diluted Share$1.80 $0.15 $0.20 $0.16 $(0.84)$1.47 
7


Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet by Segment
As of September 30, 2023
(Amounts in thousands)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Assets:
Cash and cash equivalents$7,078 $35,247 $37,281 $9,840 $105,873 $195,319 $— $195,319 
Restricted cash29,474 22,178 997 4,746 178,556 235,951 — 235,951 
Loans held-for-investment, net14,950,568 2,274,318 — 9,319 — 17,234,205 — 17,234,205 
Loans held-for-sale2,499,681 — — 102,584 — 2,602,265 — 2,602,265 
Investment securities1,237,362 19,582 — 1,106,436 — 2,363,380 (1,641,787)721,593 
Properties, net469,343 — 851,713 84,735 — 1,405,791 — 1,405,791 
Investments of consolidated affordable housing fund— — 1,979,184 — — 1,979,184 — 1,979,184 
Investments in unconsolidated entities25,207 48,224 — 33,050 — 106,481 (14,557)91,924 
Goodwill— 119,409 — 140,437 — 259,846 — 259,846 
Intangible assets14,153 — 26,375 61,435 — 101,963 (35,974)65,989 
Derivative assets123,662 134 2,640 6,580 — 133,016 — 133,016 
Accrued interest receivable160,815 9,574 1,298 1,770 88 173,545 (285)173,260 
Other assets394,099 6,306 51,914 19,533 54,590 526,442 — 526,442 
VIE assets, at fair value— — — — — — 44,668,904 44,668,904 
Total Assets$19,911,442 $2,534,972 $2,951,402 $1,580,465 $339,107 $27,317,388 $42,976,301 $70,293,689 
Liabilities and Equity
Liabilities:
Accounts payable, accrued expenses and other liabilities$266,031 $21,885 $12,724 $35,998 $71,077 $407,715 $— $407,715 
Related-party payable— — — — 24,282 24,282 — 24,282 
Dividends payable— — — — 152,737 152,737 — 152,737 
Derivative liabilities15,901 — — — 69,756 85,657 — 85,657 
Secured financing agreements, net9,974,212 935,043 791,461 539,820 1,338,203 13,578,739 (20,858)13,557,881 
Collateralized loan obligations and single asset securitization, net2,702,506 815,768 — — — 3,518,274 — 3,518,274 
Unsecured senior notes, net— — — — 2,456,583 2,456,583 — 2,456,583 
VIE liabilities, at fair value— — — — — — 42,997,104 42,997,104 
Total Liabilities12,958,650 1,772,696 804,185 575,818 4,112,638 20,223,987 42,976,246 63,200,233 
Temporary Equity: Redeemable non-controlling interests
— — 409,659 — — 409,659 — 409,659 
Permanent Equity:
Starwood Property Trust, Inc. Stockholders’ Equity:
Common stock— — — — 3,205 3,205 — 3,205 
Additional paid-in capital1,522,081 616,063 (428,536)(680,659)4,827,013 5,855,962 — 5,855,962 
Treasury stock— — — — (138,022)(138,022)— (138,022)
Retained earnings (accumulated deficit)5,416,479 146,213 1,957,453 1,531,338 (8,465,727)585,756 — 585,756 
Accumulated other comprehensive income14,114 — — — — 14,114 — 14,114 
Total Starwood Property Trust, Inc. Stockholders’ Equity6,952,674 762,276 1,528,917 850,679 (3,773,531)6,321,015 — 6,321,015 
Non-controlling interests in consolidated subsidiaries118 — 208,641 153,968 — 362,727 55 362,782 
Total Permanent Equity6,952,792 762,276 1,737,558 1,004,647 (3,773,531)6,683,742 55 6,683,797 
Total Liabilities and Equity$19,911,442 $2,534,972 $2,951,402 $1,580,465 $339,107 $27,317,388 $42,976,301 $70,293,689 
8

 EX-101.SCH 3 stwd-20231108.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0000001 - Document - Cover Page link:presentationLink link:calculationLink link:definitionLink EX-101.LAB 4 stwd-20231108_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Security Exchange Name Security Exchange Name Title of 12(b) Security Title of 12(b) Security Written Communications Written Communications Local Phone Number Local Phone Number Trading Symbol Trading Symbol Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, State or Province Entity Address, State or Province Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Document Period End Date Document Period End Date Cover [Abstract] Entity Emerging Growth Company Entity Emerging Growth Company Pre-commencement Tender Offer Pre-commencement Tender Offer Soliciting Material Soliciting Material City Area Code City Area Code Entity Address, Postal Zip Code Entity Address, Postal Zip Code Document Type Document Type Amendment Flag Amendment Flag Entity Central Index Key Entity Central Index Key Entity File Number Entity File Number Entity Address, City or Town Entity Address, City or Town Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Registrant Name Entity Registrant Name EX-101.PRE 5 stwd-20231108_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 6 image_0a.jpg GRAPHIC begin 644 image_0a.jpg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htm IDEA: XBRL DOCUMENT v3.23.3
Cover Page
Aug. 03, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 08, 2023
Entity Registrant Name Starwood Property Trust, Inc.
Entity Incorporation, State or Country Code MD
Entity File Number 001-34436
Entity Tax Identification Number 27-0247747
Entity Address, Address Line One 591 West Putnam Avenue
Entity Address, City or Town Greenwich
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06830
City Area Code 203
Local Phone Number 422-7700
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.01 par value per share
Trading Symbol STWD
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001465128
Amendment Flag false
XML 8 stwd-20231108_htm.xml IDEA: XBRL DOCUMENT 0001465128 2023-08-03 2023-08-03 0001465128 false 8-K 2023-11-08 Starwood Property Trust, Inc. MD 001-34436 27-0247747 591 West Putnam Avenue Greenwich CT 06830 203 422-7700 false false false false Common stock, $0.01 par value per share STWD NYSE false EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.23.3 html 1 22 1 false 0 0 false 0 false false R1.htm 0000001 - Document - Cover Page Sheet http://www.starwoodpropertytrust.com/role/CoverPage Cover Page Cover 1 false false All Reports Book All Reports stwd-20231108.htm stwd-20231108.xsd stwd-20231108_lab.xml stwd-20231108_pre.xml http://xbrl.sec.gov/dei/2023 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "stwd-20231108.htm": { "nsprefix": "stwd", "nsuri": "http://www.starwoodpropertytrust.com/20231108", "dts": { "inline": { "local": [ "stwd-20231108.htm" ] }, "schema": { "local": [ "stwd-20231108.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] }, "labelLink": { "local": [ "stwd-20231108_lab.xml" ] }, "presentationLink": { "local": [ "stwd-20231108_pre.xml" ] } }, "keyStandard": 22, "keyCustom": 0, "axisStandard": 0, "axisCustom": 0, "memberStandard": 0, "memberCustom": 0, "hidden": { "total": 2, "http://xbrl.sec.gov/dei/2023": 2 }, "contextCount": 1, "entityCount": 1, "segmentCount": 0, "elementCount": 23, "unitCount": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 22 }, "report": { "R1": { "role": "http://www.starwoodpropertytrust.com/role/CoverPage", "longName": "0000001 - Document - Cover Page", "shortName": "Cover Page", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "stwd-20231108.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "stwd-20231108.htm", "first": true, "unique": true } } }, "tag": { "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Period End Date", "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Incorporation, State or Country Code", "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "City Area Code", "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Tax Identification Number", "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r1" ] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Postal Zip Code", "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity File Number", "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Type", "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Central Index Key", "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r1" ] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, State or Province", "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Title of 12(b) Security", "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r0" ] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Pre-commencement Tender Offer", "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r4" ] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line One", "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Soliciting Material", "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r5" ] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Local Phone Number", "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Pre-commencement Issuer Tender Offer", "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r3" ] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Written Communications", "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r6" ] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "label": "Cover [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, City or Town", "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Amendment Flag", "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Emerging Growth Company", "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r1" ] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Symbol", "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Registrant Name", "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r1" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://www.starwoodpropertytrust.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Security Exchange Name", "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r2" ] } } } }, "std_ref": { "r0": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r1": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r2": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r3": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r4": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r5": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r6": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" } } } ZIP 15 0001628280-23-037541-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001628280-23-037541-xbrl.zip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