Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets:
Cash and cash equivalents	$ 440,580	$ 377,831
Restricted cash	251,771	176,164
Loans held-for-investment, net of credit loss allowances of $428,067 and $448,295	16,521,979	15,437,013
Loans held-for-sale, at fair value	2,446,636	2,516,008
Investment securities, net of credit loss allowances of $23,490 and $24,463 ($127,040 and $126,297 held at fair value)	497,459	533,258
Properties, net	1,413,234	1,373,678
Investments in unconsolidated entities	98,462	99,370
Goodwill	259,846	259,846
Intangible assets ($23,143 and $22,390 held at fair value)	59,797	60,704
Derivative assets	84,972	175,520
Accrued interest receivable	142,691	167,767
Other assets	409,804	368,229
Variable interest entity (“VIE”) assets, at fair value	37,470,618	38,937,576
Total Assets	62,163,347	62,556,497
Liabilities:
Dividends payable	165,039	163,383
Derivative liabilities	72,975	94,890
Secured financing agreements, net	12,438,438	11,151,557
Collateralized loan obligations and single asset securitization, net	3,165,296	3,196,426
Unsecured senior notes, net	2,747,330	2,994,682
VIE liabilities, at fair value	35,901,085	37,288,545
Total Liabilities	55,006,596	55,363,025
Commitments and contingencies (Note 22)
Temporary Equity: Redeemable non-controlling interests	426,835	426,695
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, 346,825,014 issued and 339,376,323 outstanding as of March 31, 2025 and 344,858,379 issued and 337,409,688 outstanding as of December 31, 2024	3,468	3,449
Additional paid-in capital	6,343,893	6,322,763
Treasury stock (7,448,691 shares)	(138,022)	(138,022)
Retained earnings	183,599	235,323
Accumulated other comprehensive income	12,727	13,594
Total Starwood Property Trust, Inc. Stockholders’ Equity	6,405,665	6,437,107
Non-controlling interests in consolidated subsidiaries	324,251	329,670
Total Permanent Equity	6,729,916	6,766,777
Total Liabilities and Equity	62,163,347	62,556,497
Nonrelated Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	479,895	434,584
Related Party
Liabilities:
Accounts payable, accrued expenses and other liabilities	36,538	38,958
Primary Beneficiary
Assets:
Investments of consolidated affordable housing fund, at fair value	2,065,498	$ 2,073,533
Total Assets	63,800
Liabilities:
Total Liabilities	$ 100