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Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Starwood Property Trust, Inc. Stockholders’ Equity
Total Starwood Property Trust, Inc. Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Common stock
Additional Paid-in Capital
Additional Paid-in Capital
Cumulative Effect, Period of Adoption, Adjustment
Treasury Stock​
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income
Non- Controlling Interests
Beginning Balance at Dec. 31, 2020 $ 0                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income 748                      
Contributions from non-controlling interests 214,167                      
Ending Balance at Dec. 31, 2021 214,915                      
Beginning balance (in shares) at Dec. 31, 2020         292,091,601              
Beginning balance at Dec. 31, 2020 4,862,576 $ (1,536) $ 4,488,898 $ (1,536) $ 2,921 $ 5,209,739 $ (3,755) $ (138,022) $ (629,733) $ 2,219 $ 43,993 $ 373,678
Beginning balance (in shares) at Dec. 31, 2020               7,448,691        
Increase (Decrease) in Stockholders' Equity                        
Cumulative effect of investment company fair value adjustment 1,236,476   1,236,476           1,236,476      
Proceeds from public offering of common stock and ATM Agreement (in shares)         16,000,000              
Proceeds from public offering of common stock and ATM Agreement 393,120   393,120   $ 160 392,960            
Proceeds from DRIP Plan (in shares)         39,957              
Proceeds from DRIP Plan 966   966     966            
Redemption of Class A Units (in shares)         853,681              
Redemption of Class A Units 0   17,738   $ 9 17,729           (17,738)
Equity offering costs (720)   (720)     (720)            
Share-based compensation (in shares)         2,568,525              
Share-based compensation 39,287   39,287   $ 26 39,261            
Manager fee paid in stock (in shares)         715,180              
Manager fees paid in stock 17,040   17,040   $ 7 17,033            
Net income 491,678   447,739           447,739     43,939
Dividends declared (563,595)   (563,595)           (563,595)      
Other comprehensive loss, net (3,040)   (3,040)               (3,040)  
Contributions from non-controlling interests 5,590                     5,590
Distributions to non-controlling interests (43,950)   163     163           (44,113)
Ending balance (in shares) at Dec. 31, 2021         312,268,944              
Ending balance at Dec. 31, 2021 6,433,892   6,072,536   $ 3,123 5,673,376   $ (138,022) 493,106   40,953 361,356
Ending balance (in shares) at Dec. 31, 2021               7,448,691        
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income 153,820                      
Distributions to non-controlling interests (5,945)                      
Ending Balance at Dec. 31, 2022 362,790                      
Increase (Decrease) in Stockholders' Equity                        
Proceeds from public offering of common stock and ATM Agreement (in shares)         2,168,710              
Proceeds from public offering of common stock and ATM Agreement 49,263   49,263   $ 22 49,241            
Proceeds from DRIP Plan (in shares)         48,357              
Proceeds from DRIP Plan 1,073   1,073     1,073            
Proceeds from employee stock purchase plan (in shares)         67,965              
Proceeds from employee stock purchase plan 1,181   1,181   $ 1 1,180            
Equity offering costs (1,074)   (1,074)     (1,074)            
Share-based compensation (in shares)         1,724,165              
Share-based compensation 40,185   40,185   $ 17 40,168            
Manager fee paid in stock (in shares)         1,845,720              
Manager fees paid in stock 43,141   43,141   $ 18 43,123            
Net income 905,241   871,475           871,475     33,766
Dividends declared (595,344)   (595,344)           (595,344)      
Other comprehensive loss, net (19,998)   (19,998)               (19,998)  
Contributions from non-controlling interests 21,925                     21,925
Distributions to non-controlling interests $ (43,568)                     (43,568)
Ending balance (in shares) at Dec. 31, 2022 310,675,170       318,123,861              
Ending balance at Dec. 31, 2022 $ 6,835,917   6,462,438   $ 3,181 5,807,087   $ (138,022) 769,237   20,955 373,479
Ending balance (in shares) at Dec. 31, 2022 7,448,691             7,448,691        
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income $ 58,410                      
Distributions to non-controlling interests (6,852)                      
Ending Balance at Dec. 31, 2023 414,348                      
Increase (Decrease) in Stockholders' Equity                        
Proceeds from DRIP Plan (in shares)         57,492              
Proceeds from DRIP Plan 1,091   1,091   $ 1 1,090            
Redemption of Class A Units 0   43     43           (43)
Proceeds from employee stock purchase plan (in shares)         123,327              
Proceeds from employee stock purchase plan 1,906   1,906   $ 1 1,905            
Share-based compensation (in shares)         1,667,034              
Share-based compensation 39,247   39,247   $ 17 39,230            
Manager fee paid in stock (in shares)         843,051              
Manager fees paid in stock 15,323   15,323   $ 8 15,315            
Net income 359,747   339,213           339,213     20,534
Dividends declared (602,569)   (602,569)           (602,569)      
Other comprehensive loss, net (5,603)   (5,603)               (5,603)  
Contributions from non-controlling interests 2,724                     2,724
Distributions to non-controlling interests $ (39,149)                     (39,149)
Ending balance (in shares) at Dec. 31, 2023 313,366,074       320,814,765              
Ending balance at Dec. 31, 2023 $ 6,608,634   $ 6,251,089   $ 3,208 $ 5,864,670   $ (138,022) $ 505,881   $ 15,352 $ 357,545
Ending balance (in shares) at Dec. 31, 2023 7,448,691             7,448,691