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Earnings per Share - Reconciliation of Net Income and Number of Shares used in Computation of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Basic Earnings        
Income attributable to STWD common stockholders $ 47,435 $ 194,562 $ 268,252 $ 731,448
Less: Income attributable to participating shares not already deducted as non-controlling interests (1,510) (2,929) (4,962) (15,673)
Basic earnings 45,925 191,633 263,290 715,775
Diluted Earnings        
Income attributable to STWD common stockholders 47,435 194,562 268,252 731,448
Less: Income attributable to participating shares not already deducted as non-controlling interests (1,510) (2,929) (4,962) (15,673)
Add: Undistributed earnings to participating shares 0 1,818 0 11,629
Less: Undistributed earnings reallocated to participating shares 0 (1,763) 0 (11,280)
Diluted earnings $ 45,925 $ 194,594 $ 263,290 $ 724,848
Number of Shares:        
Basic - Average shares outstanding (in shares) 310,268 306,704 309,471 304,908
Effect of dilutive securities - Contingently issuable shares (in shares) 0 23 0 23
Effect of dilutive securities - Unvested non-participating shares (in shares) 298 199 267 161
Diluted - Average shares outstanding (in shares) 310,566 316,575 309,738 314,741
Earnings Per Share Attributable to STWD Common Stockholders:        
Basic (in dollars per share) $ 0.15 $ 0.62 $ 0.85 $ 2.35
Diluted (in dollars per share) $ 0.15 $ 0.61 $ 0.85 $ 2.30
Unamortized discount—Convertible Notes        
Diluted Earnings        
Add: Interest expense on Convertible Notes   $ 2,906   $ 8,724
Number of Shares:        
Effect of dilutive securities - Convertible Notes (in shares)   9,649   9,649