Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Cash and cash equivalents	$ 327,363	$ 194,660
Restricted cash	125,341	117,312
Loans held-for-investment, net of credit loss allowances of $331,646 and $309,039	16,606,862	17,574,249
Loans held-for-sale ($2,642,219 and $2,645,637 held at fair value)	2,689,368	2,645,637
Investment securities, net of credit loss allowances of $17,589 and $13,143 ($127,070 and $129,308 held at fair value)	716,073	735,562
Properties, net	1,044,565	1,046,384
Properties held-for-sale	0	290,937
Investments in unconsolidated entities	96,927	90,376
Goodwill	259,846	259,846
Intangible assets ($19,612 and $19,384 held at fair value)	63,267	64,967
Derivative assets	82,916	63,437
Accrued interest receivable	194,498	200,867
Other assets	319,853	420,773
Variable interest entity (“VIE”) assets, at fair value	41,633,853	43,786,356
Total Assets	66,169,669	69,504,196
Liabilities:
Dividends payable	153,174	152,888
Derivative liabilities	74,647	102,467
Secured financing agreements, net	12,556,487	13,867,996
Collateralized loan obligations and single asset securitization, net	3,223,867	3,491,292
Unsecured senior notes, net	2,751,666	2,158,888
Debt related to properties held for sale	0	193,691
VIE liabilities, at fair value	40,065,423	42,175,734
Total Liabilities	59,129,488	62,481,214
Commitments and contingencies (Note 22)
Temporary Equity: Redeemable non-controlling interests	415,485	414,348
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, 323,405,456 issued and 315,956,765 outstanding as of March 31, 2024 and 320,814,765 issued and 313,366,074 outstanding as of December 31, 2023	3,234	3,208
Additional paid-in capital	5,885,852	5,864,670
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Retained earnings	507,622	505,881
Accumulated other comprehensive income	14,061	15,352
Total Starwood Property Trust, Inc. Stockholders’ Equity	6,272,747	6,251,089
Non-controlling interests in consolidated subsidiaries	351,949	357,545
Total Permanent Equity	6,624,696	6,608,634
Total Liabilities and Equity	66,169,669	69,504,196
Nonrelated Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	259,998	293,442
Related Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	44,226	44,816
Primary Beneficiary
Assets:
Investments of consolidated affordable housing fund, at fair value	2,008,937	$ 2,012,833
Total Assets	48,000
Liabilities:
Total Liabilities	$ 10,200