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Consolidated Statements of Operations - USD ($)
$ in Thousands
2 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:        
Interest income from loans   $ 1,804,104 $ 1,218,521 $ 800,291
Interest income from investment securities   76,524 65,058 45,168
Servicing fees   33,121 40,359 38,739
Rental income   127,666 128,263 278,831
Other revenues   8,493 12,515 7,059
Total revenues   2,049,908 1,464,716 1,170,088
Costs and expenses:        
Management fees   141,543 155,551 167,773
Interest expense   1,436,107 797,121 445,087
General and administrative   180,212 175,500 171,302
Acquisition and investment pursuit costs   925 3,400 1,184
Costs of rental operations   44,842 44,115 111,667
Depreciation and amortization   49,141 49,293 83,001
Credit loss provision, net   243,728 46,657 8,335
Other expense   1,820 1,314 708
Total costs and expenses   2,098,318 1,272,951 989,057
Other income (loss):        
Change in net assets related to consolidated VIEs   181,688 124,001 162,333
Change in fair value of servicing rights   1,594 1,010 3,578
Change in fair value of investment securities, net   767 (2,204) (387)
Change in fair value of mortgage loans, net   62,702 (346,222) 69,050
Income from affordable housing fund investments     755,736  
Earnings (loss) from unconsolidated entities   16,722 (6,323) 8,752
Gain on sale of investments and other assets, net   25,729 137,611 38,984
(Loss) gain on derivative financial instruments, net   (38,605) 334,015 82,363
Foreign currency gain (loss), net   60,834 (96,956) (36,292)
Loss on extinguishment of debt   (1,238) (1,185) (7,428)
Other loss, net   (135,552) (93,710) (7,314)
Total other income   465,885 805,773 320,064
Income before income taxes   417,475 997,538 501,095
Income tax benefit (provision)   682 61,523 (8,669)
Net income   418,157 1,059,061 492,426
Net income attributable to non-controlling interests   (78,944) (187,586) (44,687)
Net income attributable to Starwood Property Trust, Inc.   $ 339,213 $ 871,475 $ 447,739
Earnings per share data attributable to Starwood Property Trust, Inc.:        
Basic (in dollars per share)   $ 1.07 $ 2.80 $ 1.54
Diluted (in dollars per share)   $ 1.07 $ 2.74 $ 1.52
Primary beneficiary        
Other income (loss):        
Income from affordable housing fund investments $ 6,425 $ 291,244 $ 755,736 $ 6,425