Starwood Property Trust Posts $389.7M Q3 Loss on Credit Provision
MIAMI – November 06, 2026 -- Starwood Property Trust (NYSE: STWD) reported a third-quarter GAAP net loss of $389.7 million, or $1.08 per diluted share, driven by a $336.6 million credit loss provision and $32.2 million of non-cash property impairments. Distributable Earnings (DE), a non-GAAP measure, came in at $116.8 million, or $0.31 per diluted share, for the quarter ended September 30.
DE prior to realized commercial lending gains and losses reached $155.2 million, or $0.41 per diluted share. The company declared a dividend of $0.48 per share.
Starwood invests $3.2 billion in the quarter and $8.2 billion in nine months
Commercial lending accounted for $2.4 billion of third-quarter investments, the highest level in four years. That lifted the commercial lending portfolio to a record $17.8 billion.