Starwood Property Trust, Inc. (STWD) Stock

Starwood Property Trust, Inc. (STWD) is a Real Estate stock trading at $16.38 (as of 2026-08-21), with a market capitalization of $6.07B and a trailing P/E of 26.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Starwood Property Trust, Inc. is a U.S.-based real estate investment trust that invests in and manages real estate and related debt and equity across commercial and residential lending, infrastructure lending, property holdings, and investing/servicing activities. It originates and manages mortgage and infrastructure debt investments and manages equity interests in stabilized commercial real estate, serving borrowers and investors through these four operating segments.

Understand Starwood Property Trust, Inc.: how it makes money

Starwood Property Trust is a REIT that originates, acquires, finances, and manages real estate mortgage investments (including commercial first mortgages, non-agency residential mortgages, mezzanine loans, preferred equity, CMBS, and RMBS), and it makes money through these lending and investing and servicing activities reflected in segment Distributable Earnings.

Segment Distributable Earnings depend on how the mortgage and mortgage-related credit exposures Starwood originates, acquires, finances, and manages perform across its lending and property lines.

Revenue by segment (latest quarter)
ComLend$0.2B
Property$0.2B
InvestServ$0.1B
InfraLend$0.0B

Business quality (Mixed): Clear segment framework (four lines), but the provided segment figures map to Distributable Earnings labels rather than reported segment revenue, so segment comparisons depend on this KPI definition.

Valuation: At 18× earnings, STWD trades 47% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Broad mortgage and structured credit menu: The Commercial and Residential Lending segment covers multiple instrument types, including commercial first mortgages, non-agency residential mortgages, mezzanine loans, preferred equity, CMBS, and RMBS. That breadth can help diversify the sources of lending activity within one segment.
  • Segmented profit visibility through Distributable Earnings: The company reports Distributable Earnings by segment, including Commercial and Residential Lending, Property, Investing and Servicing, and Infrastructure Lending, which can make it easier to see where performance is concentrated.

Bear case

  • Performance sensitivity to the mortgage assets held and managed: Because Starwood originates, acquires, finances, and manages mortgage investments across multiple categories, its segment Distributable Earnings can be sensitive to the underlying performance of those mortgage credit exposures.
  • Smaller segments can be more volatile: The provided Distributable Earnings candidates show much smaller contributions from Infrastructure Lending and Investing and Servicing compared with Commercial and Residential Lending and Property, which can make the overall mix more sensitive to changes in those smaller lines.
Valuation — source: SEC EDGAR (first-party)
Price$16.38
Market Cap$6.07B
P/E Ratio26.6
EV / EBITDA12.8
Price / Book0.89
Price / Sales3.02
FCF Yield-8.9%
DCF Value (model)$12.26
DCF Upside vs Price-25.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.84B
Net Margin22.3%
Revenue Growth (YoY)15.6%
EPS Growth (YoY)-97.4%
Valuation vs Sector & Industry
Stock P/E26.6
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector-1.9%
vs Industry-24.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($607.07M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorReal Estate
IndustryTrading
CEOBarry Stuart Sternlicht
Employees286
CountryUS
IPO Date2009-08-12

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STWD earnings history · STWD institutional & insider holders · STWD KPIs & operating metrics · STWD financials · STWD investor presentations & press releases · STWD SEC filings · STWD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.