Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 195,319	$ 261,061
Restricted cash	235,951	121,072
Loans held-for-investment, net of credit loss allowances of $271,320 and $99,413	17,234,205	18,401,439
Loans held-for-sale, at fair value	2,602,265	2,784,594
Investment securities, net of credit loss allowances of $12,994 and $3,182 ($129,645 and $142,334 held at fair value)	721,593	815,804
Properties, net	1,405,791	1,449,986
Investments in unconsolidated entities	91,924	91,892
Goodwill	259,846	259,846
Intangible assets ($18,188 and $17,790 held at fair value)	65,989	68,773
Derivative assets	133,016	108,621
Accrued interest receivable	173,260	168,521
Other assets	526,442	297,477
Variable interest entity (“VIE”) assets, at fair value	44,668,904	52,453,041
Total Assets	70,293,689	79,043,129
Liabilities:
Dividends payable	152,737	151,511
Derivative liabilities	85,657	91,404
Secured financing agreements, net	13,557,881	14,501,532
Collateralized loan obligations and single asset securitization, net	3,518,274	3,676,224
Unsecured senior notes, net	2,456,583	2,329,211
VIE liabilities, at fair value	42,997,104	50,754,355
Total Liabilities	63,200,233	71,844,422
Commitments and contingencies (Note 22)
Temporary Equity: Redeemable non-controlling interests	409,659	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, 320,664,108 issued and 313,215,417 outstanding as of September 30, 2023 and 318,123,861 issued and 310,675,170 outstanding as of December 31, 2022	3,205	3,181
Additional paid-in capital	5,855,962	5,807,087
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Retained earnings	585,756	769,237
Accumulated other comprehensive income	14,114	20,955
Total Starwood Property Trust, Inc. Stockholders’ Equity	6,321,015	6,462,438
Non-controlling interests in consolidated subsidiaries	362,782	373,479
Total Permanent Equity	6,683,797	6,835,917
Total Liabilities and Equity	70,293,689	79,043,129
Nonrelated Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	407,715	298,999
Related Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	24,282	41,186
Primary Beneficiary
Assets:
Investments of consolidated affordable housing fund, at fair value	1,979,184	$ 1,761,002
Total Assets	74,800
Liabilities:
Total Liabilities	$ 34,800