Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Cash and cash equivalents	$ 194,660	$ 261,061
Restricted cash	117,312	121,072
Loans held-for-investment, net of credit loss allowances of $309,039 and $99,413	17,574,249	18,401,439
Loans held-for-sale, at fair value	2,645,637	2,784,594
Investment securities, net of credit loss allowances of $13,143 and $3,182 ($129,308 and $142,334 held at fair value)	735,562	815,804
Properties, net	1,046,384	1,449,986
Properties held-for-sale	290,937	0
Investments of consolidated affordable housing fund, at fair value		1,761,002
Investments in unconsolidated entities	90,376	91,892
Goodwill	259,846	259,846
Intangible assets ($19,384 and $17,790 held at fair value)	64,967	68,773
Derivative assets	63,437	108,621
Accrued interest receivable	200,867	168,521
Other assets	420,773	297,477
Variable interest entity (“VIE”) assets, at fair value	43,786,356	52,453,041
Total Assets	69,504,196	79,043,129
Liabilities:
Dividends payable	152,888	151,511
Derivative liabilities	102,467	91,404
Secured financing agreements, net	13,867,996	14,501,532
Collateralized loan obligations and single asset securitization, net	3,491,292	3,676,224
Unsecured senior notes, net	2,158,888	2,329,211
Debt related to properties held-for-sale	193,691	0
VIE liabilities, at fair value	42,175,734	50,754,355
Total Liabilities	62,481,214	71,844,422
Commitments and contingencies (Note 23)
Temporary Equity: Redeemable non-controlling interests	414,348	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, 320,814,765 issued and 313,366,074 outstanding as of December 31, 2023 and 318,123,861 issued and 310,675,170 outstanding as of December 31, 2022	3,208	3,181
Additional paid-in capital	5,864,670	5,807,087
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Retained earnings	505,881	769,237
Accumulated other comprehensive income	15,352	20,955
Total Starwood Property Trust, Inc. Stockholders’ Equity	6,251,089	6,462,438
Non-controlling interests in consolidated subsidiaries	357,545	373,479
Total Permanent Equity	6,608,634	6,835,917
Total Liabilities and Equity	69,504,196	79,043,129
Nonrelated Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	293,442	298,999
Related Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	44,816	41,186
Primary beneficiary
Assets:
Investments of consolidated affordable housing fund, at fair value	2,012,833	$ 1,761,002
Total Assets	47,800
Liabilities:
Total Liabilities	$ 10,300