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Segment Data - Results of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Interest income from loans $ 457,299 $ 328,354 $ 1,344,056 $ 823,123
Interest income from investment securities 20,133 19,019 57,689 48,308
Servicing fees 8,630 8,427 22,228 30,972
Rental income 33,091 32,932 97,687 96,036
Other revenues 2,394 1,809 5,970 11,680
Total revenues 521,547 390,541 1,527,630 1,010,119
Costs and expenses:        
Management fees 27,143 27,356 97,661 114,275
Interest expense 368,357 222,423 1,066,990 501,492
General and administrative 46,691 45,495 131,955 134,821
Acquisition and investment pursuit costs 211 1,213 625 2,152
Costs of rental operations 11,777 12,206 34,910 32,094
Depreciation and amortization 12,271 12,611 37,010 36,498
Credit loss provision, net 52,634 15,343 217,753 20,123
Other expense 516 0 1,490 1,313
Total costs and expenses 519,600 336,647 1,588,394 842,768
Other income (loss):        
Change in net assets related to consolidated VIEs 43,763 37,146 139,024 72,268
Change in fair value of servicing rights (68) 515 398 1,234
Change in fair value of investment securities, net 283 (83) 353 (1,683)
Change in fair value of mortgage loans, net (66,806) (87,474) (111,247) (326,737)
Earnings (loss) from unconsolidated entities (1,309) (2,044) 11,378 911
(Loss) gain on sale of investments and other assets, net 10,616 13,453 15,486 112,059
Gain (loss) on derivative financial instruments, net 94,883 206,070 118,431 461,921
Foreign currency (loss) gain, net (56,646) (107,318) (18,293) (213,201)
Loss on extinguishment of debt (1,072) (212) (2,256) (1,035)
Other (loss) income, net (2,521) (56,391) (31,686) (90,963)
Total other income 38,031 121,189 375,284 673,507
Income before income taxes 39,978 175,083 314,520 840,858
Income tax benefit 11,399 48,755 18,997 48,999
Net income 51,377 223,838 333,517 889,857
Net income attributable to non-controlling interests (3,942) (29,276) (65,265) (158,409)
Net income attributable to Starwood Property Trust, Inc. 47,435 194,562 268,252 731,448
Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 16,908 117,527 253,696 658,733
Subtotal        
Revenues:        
Interest income from loans 457,299 328,354 1,344,056 823,123
Interest income from investment securities 61,466 57,349 173,641 151,075
Servicing fees 11,375 11,972 30,913 41,937
Rental income 33,091 32,932 97,687 96,036
Other revenues 2,394 1,812 5,970 11,692
Total revenues 565,625 432,419 1,652,267 1,123,863
Costs and expenses:        
Management fees 27,143 27,356 97,661 114,275
Interest expense 368,569 222,640 1,067,623 502,139
General and administrative 46,691 45,409 131,955 134,556
Acquisition and investment pursuit costs 211 1,213 625 2,152
Costs of rental operations 11,777 12,206 34,910 32,094
Depreciation and amortization 12,271 12,611 37,010 36,498
Credit loss provision, net 52,634 15,343 217,753 20,123
Other expense 516   1,490 1,313
Total costs and expenses 519,812 336,778 1,589,027 843,150
Other income (loss):        
Change in net assets related to consolidated VIEs 0 0 0 0
Change in fair value of servicing rights (983) 357 (2,684) 683
Change in fair value of investment securities, net 703 (5,014) 16,553 (43,872)
Change in fair value of mortgage loans, net (66,806) (87,474) (111,247) (326,737)
Earnings (loss) from unconsolidated entities (917) (1,550) 13,280 2,534
(Loss) gain on sale of investments and other assets, net 10,616 13,453 15,486 112,059
Gain (loss) on derivative financial instruments, net 94,883 206,070 118,431 461,921
Foreign currency (loss) gain, net (56,646) (107,318) (18,293) (213,201)
Loss on extinguishment of debt (1,072) (212) (2,256) (1,035)
Other (loss) income, net (2,521) (56,391) (31,686) (90,988)
Total other income (5,835) 79,448 251,280 560,097
Income before income taxes 39,978 175,089 314,520 840,810
Income tax benefit 11,399 48,755 18,997 48,999
Net income 51,377 223,844 333,517 889,809
Net income attributable to non-controlling interests (3,942) (29,282) (65,265) (158,361)
Net income attributable to Starwood Property Trust, Inc. 47,435 194,562 268,252 731,448
Subtotal | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 16,908 117,527 253,696 658,733
Operating segment | Commercial and Residential Lending Segment        
Revenues:        
Interest income from loans 397,045 284,197 1,166,758 714,222
Interest income from investment securities 36,178 28,560 102,462 71,987
Servicing fees 147 142 441 420
Rental income 2,470 1,944 6,410 4,674
Other revenues 822 138 2,007 251
Total revenues 436,662 314,981 1,278,078 791,554
Costs and expenses:        
Management fees 199 227 629 758
Interest expense 247,727 145,107 724,452 301,935
General and administrative 15,659 16,458 42,117 39,905
Acquisition and investment pursuit costs 207 1,164 665 2,401
Costs of rental operations 2,475 2,633 7,505 4,978
Depreciation and amortization 1,912 1,629 5,262 3,106
Credit loss provision, net 51,487 8,401 200,439 13,027
Other expense 516   1,451 1,251
Total costs and expenses 320,182 175,619 982,520 367,361
Other income (loss):        
Change in net assets related to consolidated VIEs 0 0 0 0
Change in fair value of servicing rights 0 0 0 0
Change in fair value of investment securities, net 21,456 16,398 62,766 (5,019)
Change in fair value of mortgage loans, net (68,450) (90,159) (125,390) (327,743)
Earnings (loss) from unconsolidated entities 1,142 (4,044) 3,563 (2,598)
(Loss) gain on sale of investments and other assets, net (52) (288) (140) 86,460
Gain (loss) on derivative financial instruments, net 99,735 220,296 132,686 465,831
Foreign currency (loss) gain, net (56,309) (107,087) (18,118) (212,672)
Loss on extinguishment of debt (757) 0 (1,822) (206)
Other (loss) income, net (2,527) (56,391) (31,693) (90,988)
Total other income (5,762) (21,275) 21,852 (86,935)
Income before income taxes 110,718 118,087 317,410 337,258
Income tax benefit 9,823 53,099 15,981 57,682
Net income 120,541 171,186 333,391 394,940
Net income attributable to non-controlling interests (3) (3) (10) (10)
Net income attributable to Starwood Property Trust, Inc. 120,538 171,183 333,381 394,930
Operating segment | Commercial and Residential Lending Segment | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 0 0 0 0
Operating segment | Infrastructure Lending Segment        
Revenues:        
Interest income from loans 58,628 43,018 172,969 100,097
Interest income from investment securities 155 1,204 1,658 3,124
Servicing fees 0 0 0 0
Rental income 0 0 0 0
Other revenues 469 129 995 287
Total revenues 59,252 44,351 175,622 103,508
Costs and expenses:        
Management fees 0 0 0 0
Interest expense 34,887 22,500 103,188 49,431
General and administrative 3,822 3,588 11,520 10,730
Acquisition and investment pursuit costs 4 2 17 3
Costs of rental operations 0 0 0 0
Depreciation and amortization 27 101 84 310
Credit loss provision, net 1,147 6,942 17,314 7,096
Other expense 0   0 0
Total costs and expenses 39,887 33,133 132,123 67,570
Other income (loss):        
Change in net assets related to consolidated VIEs 0 0 0 0
Change in fair value of servicing rights 0 0 0 0
Change in fair value of investment securities, net 0 0 0 0
Change in fair value of mortgage loans, net 0 0 0 0
Earnings (loss) from unconsolidated entities (2,459) 1,892 1,324 2,631
(Loss) gain on sale of investments and other assets, net 0 0 0 0
Gain (loss) on derivative financial instruments, net 98 331 244 1,228
Foreign currency (loss) gain, net (382) (253) (225) (570)
Loss on extinguishment of debt 0 0 0 (469)
Other (loss) income, net (6) 0 0 0
Total other income (2,749) 1,970 1,343 2,820
Income before income taxes 16,616 13,188 44,842 38,758
Income tax benefit 243 2 581 7
Net income 16,859 13,190 45,423 38,765
Net income attributable to non-controlling interests 0 0 0 0
Net income attributable to Starwood Property Trust, Inc. 16,859 13,190 45,423 38,765
Operating segment | Infrastructure Lending Segment | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 0 0 0 0
Operating segment | Property Segment        
Revenues:        
Interest income from loans 0 0 0 0
Interest income from investment securities 0 0 0 0
Servicing fees 0 0 0 0
Rental income 23,567 22,886 70,587 67,879
Other revenues 193 54 494 152
Total revenues 23,760 22,940 71,081 68,031
Costs and expenses:        
Management fees 0 0 0 0
Interest expense 14,161 9,266 40,229 22,421
General and administrative 1,021 933 2,966 2,964
Acquisition and investment pursuit costs 0 0 0 7
Costs of rental operations 6,039 5,793 17,034 16,010
Depreciation and amortization 7,930 8,161 24,061 24,559
Credit loss provision, net 0 0 0 0
Other expense 0   23 55
Total costs and expenses 29,151 24,153 84,313 66,016
Other income (loss):        
Change in net assets related to consolidated VIEs 0 0 0 0
Change in fair value of servicing rights 0 0 0 0
Change in fair value of investment securities, net 0 0 0 0
Change in fair value of mortgage loans, net 0 0 0 0
Earnings (loss) from unconsolidated entities 0 0 0 0
(Loss) gain on sale of investments and other assets, net 0 0 0 0
Gain (loss) on derivative financial instruments, net 557 10,262 4,448 33,162
Foreign currency (loss) gain, net 45 22 50 41
Loss on extinguishment of debt 0 0 0 0
Other (loss) income, net 0 0 (5) 0
Total other income 17,510 127,811 258,189 691,936
Income before income taxes 12,119 126,598 244,957 693,951
Income tax benefit 0 0 0 0
Net income 12,119 126,598 244,957 693,951
Net income attributable to non-controlling interests (7,812) (28,486) (65,149) (148,379)
Net income attributable to Starwood Property Trust, Inc. 4,307 98,112 179,808 545,572
Operating segment | Property Segment | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 16,908 117,527 253,696 658,733
Operating segment | Investing and Servicing Segment        
Revenues:        
Interest income from loans 1,626 1,139 4,329 8,804
Interest income from investment securities 25,133 27,585 69,521 75,964
Servicing fees 11,228 11,830 30,472 41,517
Rental income 7,054 8,102 20,690 23,483
Other revenues 407 1,491 1,302 10,999
Total revenues 45,448 50,147 126,314 160,767
Costs and expenses:        
Management fees 0 0 0 0
Interest expense 8,448 6,601 24,752 19,202
General and administrative 21,365 20,046 62,052 66,603
Acquisition and investment pursuit costs 0 47 (57) (259)
Costs of rental operations 3,263 3,780 10,371 11,106
Depreciation and amortization 2,402 2,720 7,603 8,523
Credit loss provision, net 0 0 0 0
Other expense 0   16 7
Total costs and expenses 35,478 33,194 104,737 105,182
Other income (loss):        
Change in net assets related to consolidated VIEs 0 0 0 0
Change in fair value of servicing rights (983) 357 (2,684) 683
Change in fair value of investment securities, net (20,753) (21,412) (46,213) (38,853)
Change in fair value of mortgage loans, net 1,644 2,685 14,143 1,006
Earnings (loss) from unconsolidated entities 400 602 8,393 2,501
(Loss) gain on sale of investments and other assets, net 10,668 13,741 15,626 25,599
Gain (loss) on derivative financial instruments, net 4,116 6,849 4,469 43,719
Foreign currency (loss) gain, net 0 0 0 0
Loss on extinguishment of debt (315) (212) (434) (360)
Other (loss) income, net 12 0 12 0
Total other income (5,211) 2,610 (6,688) 34,295
Income before income taxes 4,759 19,563 14,889 89,880
Income tax benefit 1,333 (4,346) 2,435 (8,690)
Net income 6,092 15,217 17,324 81,190
Net income attributable to non-controlling interests 3,873 (793) (106) (9,972)
Net income attributable to Starwood Property Trust, Inc. 9,965 14,424 17,218 71,218
Operating segment | Investing and Servicing Segment | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 0 0 0 0
Corporate        
Revenues:        
Interest income from loans 0 0 0 0
Interest income from investment securities 0 0 0 0
Servicing fees 0 0 0 0
Rental income 0 0 0 0
Other revenues 503 0 1,172 3
Total revenues 503 0 1,172 3
Costs and expenses:        
Management fees 26,944 27,129 97,032 113,517
Interest expense 63,346 39,166 175,002 109,150
General and administrative 4,824 4,384 13,300 14,354
Acquisition and investment pursuit costs 0 0 0 0
Costs of rental operations 0 0 0 0
Depreciation and amortization 0 0 0 0
Credit loss provision, net 0 0 0 0
Other expense 0   0 0
Total costs and expenses 95,114 70,679 285,334 237,021
Other income (loss):        
Change in net assets related to consolidated VIEs 0 0 0 0
Change in fair value of servicing rights 0 0 0 0
Change in fair value of investment securities, net 0 0 0 0
Change in fair value of mortgage loans, net 0 0 0 0
Earnings (loss) from unconsolidated entities 0 0 0 0
(Loss) gain on sale of investments and other assets, net 0 0 0 0
Gain (loss) on derivative financial instruments, net (9,623) (31,668) (23,416) (82,019)
Foreign currency (loss) gain, net 0 0 0 0
Loss on extinguishment of debt 0 0 0 0
Other (loss) income, net 0 0 0 0
Total other income (9,623) (31,668) (23,416) (82,019)
Income before income taxes (104,234) (102,347) (307,578) (319,037)
Income tax benefit 0 0 0 0
Net income (104,234) (102,347) (307,578) (319,037)
Net income attributable to non-controlling interests 0 0 0 0
Net income attributable to Starwood Property Trust, Inc. (104,234) (102,347) (307,578) (319,037)
Corporate | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments 0 0 0 0
Securitization VIEs        
Revenues:        
Interest income from loans 0 0 0 0
Interest income from investment securities (41,333) (38,330) (115,952) (102,767)
Servicing fees (2,745) (3,545) (8,685) (10,965)
Rental income 0 0 0 0
Other revenues 0 (3) 0 (12)
Total revenues (44,078) (41,878) (124,637) (113,744)
Costs and expenses:        
Management fees 0 0 0 0
Interest expense (212) (217) (633) (647)
General and administrative 0 86 0 265
Acquisition and investment pursuit costs 0 0 0 0
Costs of rental operations 0 0 0 0
Depreciation and amortization 0 0 0 0
Credit loss provision, net 0 0 0 0
Other expense 0   0 0
Total costs and expenses (212) (131) (633) (382)
Other income (loss):        
Change in net assets related to consolidated VIEs 43,763 37,146 139,024 72,268
Change in fair value of servicing rights 915 158 3,082 551
Change in fair value of investment securities, net (420) 4,931 (16,200) 42,189
Change in fair value of mortgage loans, net 0 0 0 0
Earnings (loss) from unconsolidated entities (392) (494) (1,902) (1,623)
(Loss) gain on sale of investments and other assets, net 0 0 0 0
Gain (loss) on derivative financial instruments, net 0 0 0 0
Foreign currency (loss) gain, net 0 0 0 0
Loss on extinguishment of debt 0 0 0 0
Other (loss) income, net 0 0 0 25
Total other income 43,866 41,741 124,004 113,410
Income before income taxes 0 (6) 0 48
Income tax benefit 0 0 0 0
Net income 0 (6) 0 48
Net income attributable to non-controlling interests 0 6 0 (48)
Net income attributable to Starwood Property Trust, Inc. 0 0 0 0
Securitization VIEs | Primary Beneficiary        
Other income (loss):        
Income from affordable housing fund investments $ 0 $ 0 $ 0 $ 0