Last 7 days
-5.1%
Last 30 days
3.6%
Last 90 days
8.1%
Trailing 12 Months
-12.2%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-25 | STERNLICHT BARRY S | sold | - | - | -8,552 | ceo, chairman of board |
2023-08-22 | Dishner Jeffrey G. | acquired | - | - | 4,632 | - |
2023-08-14 | STERNLICHT BARRY S | acquired | - | - | 60,976 | ceo, chairman of board |
2023-08-01 | STERNLICHT BARRY S | sold | - | - | -2,882 | ceo, chairman of board |
2023-06-30 | STERNLICHT BARRY S | acquired | - | - | 275,000 | ceo, chairman of board |
2023-06-05 | Dishner Jeffrey G. | acquired | - | - | 18,860 | - |
2023-05-31 | Dishner Jeffrey G. | gifted | - | - | 609,132 | - |
2023-05-31 | Dishner Jeffrey G. | gifted | - | - | -609,132 | - |
2023-05-15 | STERNLICHT BARRY S | acquired | - | - | 245,525 | ceo, chairman of board |
2023-04-28 | Sossen Andrew Jay | back to issuer | - | - | -138,249 | former coo and general counsel |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -0.34 | 1,472 | 17,305 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 85.00 | 970 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -14.29 | -3,715 | 58,200 | 0.01% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 32.23 | 391,734 | 1,205,730 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 45.1 | 381,000 | 1,025,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 10.18 | 819,181 | 4,669,150 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.33 | 481,499 | 7,256,420 | 0.01% |
2023-08-17 | Coppell Advisory Solutions LLC | new | - | 3,852 | 3,852 | -% |
2023-08-16 | Nuveen Asset Management, LLC | reduced | -1.17 | 2,294,310 | 29,658,300 | 0.01% |
2023-08-16 | Sunbelt Securities, Inc. | added | 43.43 | 274,029 | 716,889 | 0.10% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Jul 07, 2023 | blackrock inc. | 10.0% | 30,694,698 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 9.05% | 28,015,810 | SC 13G/A | |
Feb 01, 2023 | blackrock inc. | 5.5% | 16,911,825 | SC 13G/A | |
Feb 03, 2022 | blackrock inc. | 6.4% | 19,519,736 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 8.24% | 23,455,132 | SC 13G/A | |
Feb 01, 2021 | blackrock inc. | 6.5% | 18,537,320 | SC 13G/A | |
Feb 12, 2020 | vanguard group inc | 9.51% | 26,820,117 | SC 13G/A | |
Feb 06, 2020 | blackrock inc. | 6.2% | 17,606,586 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 21, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 25, 2023 | 4 | Insider Trading | |
Aug 24, 2023 | 4 | Insider Trading | |
Aug 15, 2023 | 4 | Insider Trading | |
Aug 14, 2023 | 4 | Insider Trading | |
Aug 03, 2023 | 8-K | Current Report | |
Aug 03, 2023 | 10-Q | Quarterly Report | |
Aug 01, 2023 | 4 | Insider Trading | |
Jul 07, 2023 | SC 13G/A | Major Ownership Report | |
Jul 03, 2023 | 8-K | Current Report |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
AXP | 113.9B | 45.6B | -2.75% | 4.43% | 15.3 | 2.49 | 15.43% | -2.20% |
GS | 109.2B | 50.2B | 3.59% | 4.39% | 12.35 | 2.18 | 62.27% | -45.33% |
SCHW | 101.9B | 20.8B | -0.80% | -22.51% | 14.81 | 4.91 | 9.06% | 9.27% |
BLK | 99.9B | 17.4B | 0.45% | 11.55% | 19.26 | 5.76 | -10.46% | -11.12% |
MID-CAP | ||||||||
NLY | 9.7B | 3.2B | 4.28% | -13.99% | -5.3 | 3.03 | 50.53% | -148.14% |
STWD | 6.2B | 1.9B | 3.59% | -12.25% | 11.22 | 3.37 | 52.80% | -26.62% |
AGNC | 5.9B | 1.5B | 3.38% | -8.78% | 196.68 | 3.86 | 7.23% | 103.33% |
BXMT | 3.8B | 1.8B | 8.06% | -19.86% | 13.9 | 2.09 | 85.45% | -31.23% |
NRZ | 3.7B | 3.5B | - | - | 9.73 | 0.99 | -31.43% | -31.90% |
HASI | 2.5B | 261.9M | 14.04% | -32.23% | 48.01 | 9.57 | 16.99% | -39.64% |
NYMT | 772.0M | 246.5M | -4.94% | -12.60% | -4.86 | 3.13 | 6.65% | -174.04% |
SMALL-CAP | ||||||||
PMT | 1.1B | 662.5M | -2.53% | -12.74% | 10.48 | 1.61 | -20.69% | 171.40% |
MFA | 1.0B | 543.3M | -1.18% | 0.33% | -706.11 | 1.89 | 31.74% | 78.13% |
BRMK | 635.0M | 103.7M | -1.83% | -30.88% | -4.89 | 6.12 | -14.84% | -262.02% |
IVR | 449.4M | 248.5M | -2.98% | -26.26% | -11.4 | 1.81 | 44.75% | 88.57% |
8.5%
5.8%
5.7%
15.1%
40.8%
29.2%
19.6%
Y-axis is the maximum loss one would have experienced if Starwood Property Trust was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 11.4% | 1,851 | 1,661 | 1,465 | 1,300 | 1,212 | 1,177 | 1,170 | 1,171 | 1,136 | 1,111 | 1,136 | 1,132 | 1,153 | 1,198 | 1,196 | 1,203 | 1,201 | 1,159 | 1,109 | 1,059 | 1,000 |
Costs and Expenses | 21.2% | 1,836 | 1,514 | 1,273 | 1,142 | 1,036 | 1,000 | 989 | 922 | 899 | 896 | 964 | 1,003 | 1,047 | 1,078 | 1,030 | 1,040 | 1,019 | 1,017 | 978 | 908 | 864 |
S&GA Expenses | -1.1% | 171 | 173 | 176 | 183 | 177 | 177 | 171 | 170 | 170 | 158 | 158 | 154 | 154 | 159 | 155 | 118 | 109 | 107 | 104 | 133 | 134 |
EBITDA | -100.0% | - | 1,723 | 1,844 | 1,617 | 1,492 | 1,299 | 1,029 | 1,045 | 1,059 | 1,080 | 900 | 978 | 984 | 1,002 | 1,172 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 1.04* | 1.26* | 1.24* | 1.23* | 1.10* | 0.88* | 0.89* | 0.93* | 0.97* | 0.79* | 0.86* | 0.85* | 0.84* | 0.98* | - | - | - | - | - | - |
Interest Expenses | 20.9% | 1,217 | 1,006 | 797 | 618 | 511 | 468 | 445 | 431 | 411 | 403 | 420 | 438 | 465 | 494 | 509 | 409 | 381 | 330 | 266 | - | 337 |
Earnings Before Taxes | -9.1% | 606 | 667 | 998 | 946 | 919 | 758 | 501 | 524 | 555 | 584 | 386 | 441 | 416 | 400 | 550 | 468 | 411 | 396 | 427 | 433 | 438 |
EBT Margin | -100.0% | - | 0.40* | 0.68* | 0.73* | 0.76* | 0.64* | 0.43* | 0.45* | 0.49* | 0.53* | 0.34* | 0.39* | 0.36* | 0.33* | 0.46* | - | - | - | - | - | - |
Net Income | -7.3% | 555 | 599 | 871 | 823 | 757 | 661 | 448 | 463 | 486 | 510 | 332 | 397 | 385 | 373 | 510 | 430 | 374 | 356 | 386 | 386 | 390 |
Net Income Margin | -100.0% | - | 0.36* | 0.59* | 0.63* | 0.09* | 0.56* | 0.38* | 0.40* | 0.43* | 0.46* | 0.29* | 0.35* | 0.33* | 0.31* | 0.43* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 31.00 | 214 | 317 | -592 | -1,106 | -989 | 58.00 | 564 | 1,126 | 1,046 | 1,083 | 1,239 | 270 | -13.20 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | -5.4% | 73,170 | 77,354 | 79,043 | 80,003 | 83,099 | 81,188 | 83,850 | 81,981 | 81,309 | 79,702 | 80,874 | 80,618 | 79,556 | 77,577 | 78,042 | 74,434 | 72,947 | 72,166 | 68,262 | 62,921 | 60,601 |
Cash Equivalents | -15.6% | 334 | 396 | 261 | 340 | 337 | 374 | 322 | 384 | 361 | 470 | 722 | 511 | 524 | 931 | 574 | 395 | 516 | 546 | 488 | 390 | 325 |
Goodwill | 0% | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 260 | 119 | 119 | 140 |
Liabilities | -6.1% | 65,977 | 70,237 | 71,844 | 72,837 | 76,002 | 74,278 | 77,202 | 77,134 | 76,458 | 74,848 | 76,011 | 75,732 | 74,691 | 72,760 | 72,905 | 69,521 | 68,044 | 67,249 | 63,362 | 58,039 | 55,901 |
Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,923 | 1,999 | 2,025 | 2,256 |
Shareholder's Equity | -5.0% | 6,414 | 6,752 | 6,462 | 6,447 | 6,774 | 6,648 | 6,434 | 4,847 | 4,852 | 4,855 | 4,863 | 4,886 | 4,865 | 4,817 | 5,137 | 4,913 | 4,903 | 4,917 | 4,900 | 4,882 | 4,700 |
Retained Earnings | 2.8% | 689 | 671 | 769 | 779 | 733 | 670 | 493 | -687 | -677 | -654 | -629 | -599 | -614 | -616 | -381 | -417 | -421 | -413 | -349 | -308 | -260 |
Additional Paid-In Capital | 0.3% | 5,843 | 5,827 | 5,807 | 5,780 | 5,767 | 5,709 | 5,673 | 5,270 | 5,248 | 5,225 | 5,210 | 5,201 | 5,194 | 5,159 | 5,133 | 5,122 | 5,104 | 5,080 | 4,995 | 4,963 | 4,739 |
Shares Outstanding | 0.2% | 313 | 312 | 311 | 310 | 309 | 307 | 305 | 289 | 288 | 287 | 285 | 285 | 284 | 282 | 282 | 282 | 281 | 280 | 276 | 274 | 262 |
Minority Interest | 0.1% | 370 | 370 | 373 | 374 | 380 | 368 | 361 | 359 | 374 | 378 | 374 | 372 | 373 | 369 | 437 | 258 | 266 | 296 | 297 | 261 | 255 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | -1109.9% | -311 | 31.00 | 214 | 317 | -592 | -1,106 | -989 | 58.00 | 564 | 1,126 | 1,046 | 1,083 | 1,239 | 270 | -13.20 | -158 | 250 | 400 | 585 | 150 | -49.47 |
Cashflow From Investing | 103.3% | 78.00 | -2,382 | -2,950 | -5,120 | -5,392 | -3,717 | -4,281 | -2,359 | -2,036 | -1,576 | -911 | -1,743 | -1,217 | -1,000 | -775 | 290 | -2,327 | -3,145 | -2,520 | -2,540 | -775 |
Cashflow From Financing | -86.0% | 350 | 2,510 | 2,798 | 4,883 | 5,962 | 4,728 | 4,873 | 2,176 | 1,310 | -9.56 | 13.00 | 776 | -13.67 | 1,116 | 877 | -124 | 2,268 | 2,912 | 2,005 | 2,311 | 844 |
Dividend Payments | 0.4% | 597 | 595 | 591 | 582 | 572 | 563 | 554 | 553 | 551 | 549 | 547 | 545 | 543 | 542 | 538 | 534 | 526 | 517 | 510 | 504 | 503 |
Buy Backs | - | - | - | - | - | - | - | - | 10.00 | 10.00 | - | 34.00 | 29.00 | 29.00 | 29.00 | - | - | - | - | 12.00 | 16.00 | 24.00 |
Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues: | ||||
Interest income from loans | $ 455,849 | $ 261,150 | $ 886,757 | $ 494,769 |
Interest income from investment securities | 18,919 | 15,306 | 37,556 | 29,289 |
Servicing fees | 6,342 | 12,553 | 13,598 | 22,545 |
Rental income | 32,307 | 31,524 | 64,596 | 63,104 |
Other revenues | 2,252 | 5,053 | 3,576 | 9,871 |
Total revenues | 515,669 | 325,586 | 1,006,083 | 619,578 |
Costs and expenses: | ||||
Management fees | 30,978 | 31,624 | 70,518 | 86,919 |
Interest expense | 363,332 | 152,618 | 698,633 | 279,069 |
General and administrative | 43,156 | 45,005 | 85,264 | 89,326 |
Acquisition and investment pursuit costs | 145 | 517 | 414 | 939 |
Costs of rental operations | 11,467 | 10,598 | 23,133 | 19,888 |
Depreciation and amortization | 12,323 | 12,240 | 24,739 | 23,887 |
Credit loss provision, net | 121,925 | 8,438 | 165,119 | 4,780 |
Other expense | 126 | 1,258 | 974 | 1,313 |
Total costs and expenses | 583,452 | 262,298 | 1,068,794 | 506,121 |
Other income (loss): | ||||
Change in net assets related to consolidated VIEs | 54,123 | 8,373 | 95,261 | 35,122 |
Change in fair value of servicing rights | 162 | (365) | 466 | 719 |
Change in fair value of investment securities, net | (12) | (1,245) | 70 | (1,600) |
Change in fair value of mortgage loans, net | (53,342) | (113,480) | (44,441) | (239,263) |
Earnings from unconsolidated entities | 9,962 | 3,865 | 12,687 | 2,955 |
Gain on sale of investments and other assets, net | 4,680 | 138 | 4,870 | 98,606 |
Gain on derivative financial instruments, net | 56,376 | 128,583 | 23,548 | 255,851 |
Foreign currency gain (loss), net | 23,334 | (78,602) | 38,353 | (105,883) |
Loss on extinguishment of debt | (1,123) | 0 | (1,184) | (823) |
Other loss, net | (26,624) | (33,809) | (29,165) | (34,572) |
Total other income | 291,359 | 220,623 | 337,253 | 552,318 |
Income before income taxes | 223,576 | 283,911 | 274,542 | 665,775 |
Income tax (provision) benefit | (1,197) | (2,206) | 7,598 | 244 |
Net income | 222,379 | 281,705 | 282,140 | 666,019 |
Net income attributable to non-controlling interests | (53,536) | (69,418) | (61,323) | (129,133) |
Net income attributable to Starwood Property Trust, Inc. | $ 168,843 | $ 212,287 | $ 220,817 | $ 536,886 |
Earnings per share data attributable to Starwood Property Trust, Inc.: | ||||
Basic (in dollars per share) | $ 0.54 | $ 0.68 | $ 0.70 | $ 1.72 |
Diluted (in dollars per share) | $ 0.54 | $ 0.67 | $ 0.70 | $ 1.69 |
Primary Beneficiary | ||||
Other income (loss): | ||||
Income from affordable housing fund investments | $ 223,823 | $ 307,165 | $ 236,788 | $ 541,206 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Assets: | ||
Cash and cash equivalents | $ 333,929 | $ 261,061 |
Restricted cash | 120,283 | 121,072 |
Loans held-for-investment, net of credit loss allowances of $236,804 and $99,413 | 17,713,146 | 18,401,439 |
Loans held-for-sale ($2,732,996 and $2,784,594 held at fair value) | 2,774,388 | 2,784,594 |
Investment securities, net of credit loss allowances of $10,620 and $3,182 ($135,856 and $142,334 held at fair value) | 764,117 | 815,804 |
Properties, net | 1,442,763 | 1,449,986 |
Investments in unconsolidated entities | 93,651 | 91,892 |
Goodwill | 259,846 | 259,846 |
Intangible assets ($18,256 and $17,790 held at fair value) | 68,232 | 68,773 |
Derivative assets | 79,009 | 108,621 |
Accrued interest receivable | 189,622 | 168,521 |
Other assets | 489,526 | 297,477 |
Variable interest entity (“VIE”) assets, at fair value | 46,864,870 | 52,453,041 |
Total Assets | 73,170,367 | 79,043,129 |
Liabilities: | ||
Dividends payable | 152,418 | 151,511 |
Derivative liabilities | 97,483 | 91,404 |
Secured financing agreements, net | 14,505,047 | 14,501,532 |
Collateralized loan obligations and single asset securitization, net | 3,659,793 | 3,676,224 |
Unsecured senior notes, net | 2,083,517 | 2,329,211 |
VIE liabilities, at fair value | 45,183,730 | 50,754,355 |
Total Liabilities | 65,977,390 | 71,844,422 |
Commitments and contingencies (Note 22) | ||
Temporary Equity: Redeemable non-controlling interests | 408,034 | 362,790 |
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, 320,217,189 issued and 312,768,498 outstanding as of June 30, 2023 and 318,123,861 issued and 310,675,170 outstanding as of December 31, 2022 | 3,202 | 3,181 |
Additional paid-in capital | 5,842,813 | 5,807,087 |
Treasury stock (7,448,691 shares) | (138,022) | (138,022) |
Retained earnings | 689,146 | 769,237 |
Accumulated other comprehensive income | 17,355 | 20,955 |
Total Starwood Property Trust, Inc. Stockholders’ Equity | 6,414,494 | 6,462,438 |
Non-controlling interests in consolidated subsidiaries | 370,449 | 373,479 |
Total Permanent Equity | 6,784,943 | 6,835,917 |
Total Liabilities and Equity | 73,170,367 | 79,043,129 |
Nonrelated Party | ||
Liabilities: | ||
Accounts payable, accrued expenses and other liabilities | 268,077 | 298,999 |
Related Party | ||
Liabilities: | ||
Accounts payable, accrued expenses and other liabilities | 27,325 | 41,186 |
Primary Beneficiary | ||
Assets: | ||
Investments of consolidated affordable housing fund, at fair value | 1,976,985 | $ 1,761,002 |
Total Assets | 74,700 | |
Liabilities: | ||
Total Liabilities | $ 35,000 |