NYSE$STWD

Starwood Property Trust Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Starwood Property Trust reported Q1 2025 total revenues of $418.2M with net income of $116.1M and diluted EPS of $0.33.

Total revenues were $418.2 million for the quarter ended March 31, 2025. Net income was $116.1 million, or $0.33 per diluted share, as commercial and residential lending and infrastructure lending contributed to operating income.

  • Q1 total revenues $418.2M.
  • Net income $116.1M; diluted EPS $0.33.
  • Commercial and residential lending segments drive fee and spread income.
  • Credit marks and rates affect quarterly distributable earnings.

Headline financials

Total Revenue

$418M

Previous: $523M-20.1%
EPS (adj)

$0.33

Previous: $0.48-31.2%
Liquidity

$1.5B

Previous: $1.5B+0.0%
Capital Expenditures

$0.00

Previous: $0.00
Net Income

$112M

Previous: $154M-27.3%
Operating Income

$207M

Previous: $427M-51.5%

Revenue & EPS history

Starwood Property Trust · Revenue · Quarterly

$418M

Q1 2025-20.1%vs Q1 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Starwood Property Trust · $565M total across 4 segments · Q3 2023

  • Commercial & Residential Lending
    $437M+38.6%
  • Infrastructure Lending
    $59.3M+33.6%
  • Investing & Servicing
    $45.4M-9.4%
  • Property
    $23.8M+3.6%

Forward guidance

REIT outlook focuses on occupancy, lease spreads, development, and financing costs.

Tailwinds

  • Lease income and mall cash flows support dividends.
  • Acquisition and redevelopment pipelines.

Headwinds

  • Interest rates and tenant health affect NAV.
  • Fair-value marks on equity investments can swing earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.0%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+1.4%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+6.0%

Q4 2012

Best reaction

-9.1%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-5.2%-5.5%
Q4 2025+0.1%+1.8%-3.6%
Q3 2025-2.8%-3.2%+0.7%
Q1 2025+0.7%+5.1%+6.1%
Q4 2024+0.9%-0.6%-0.7%
Q3 2024-1.1%-0.6%+2.1%
Q2 2024+2.6%+3.7%+5.7%
Q1 2024+2.6%+3.6%-3.1%
Q4 2023+2.2%+2.3%+4.6%
Q3 2023+2.0%+2.6%+8.4%
Q2 2023+3.0%+2.9%+1.9%
Q1 2023-1.8%-3.2%+7.8%
Q4 2022+0.1%+7.3%-7.7%
Q3 2022+3.5%+2.7%-3.0%
Q2 2022+0.3%+1.4%-4.2%
Q1 2022+1.4%-3.6%+0.1%
Q4 2021+1.5%+1.7%+2.9%
Q3 2021+0.5%+0.6%-4.4%
Q2 2021-0.5%-0.1%-0.5%
Q1 2021-0.7%-2.3%+1.3%
Q4 2020-1.7%+0.5%+8.7%
Q3 2020-0.7%+18.4%+32.9%
Q2 2020+4.6%+7.1%+4.6%
Q1 2020+6.0%+9.7%+22.9%
Q4 2019-5.3%-13.4%-49.6%
Q3 2019-0.2%-0.9%+2.5%
Q2 2019+3.2%+2.4%+3.5%
Q1 2019-2.6%-3.0%-1.2%
Q4 2018+1.0%+2.0%+1.4%
Q3 2018+1.1%+1.1%+2.9%
Q2 2018-3.0%-3.7%-0.5%
Q1 2018+2.1%+2.1%+3.9%
Q4 2017+0.5%+3.0%+4.8%
Q3 2017+1.9%+0.9%+1.2%
Q2 2017+2.1%+1.6%+0.9%
Q1 2017-1.1%-2.0%-0.2%
Q4 2016+0.2%-0.0%-0.7%
Q3 2016+0.3%+1.4%+2.9%
Q2 2016+2.9%+3.1%+6.4%
Q1 2016+2.7%
Q4 2015+0.9%
Q3 2015+1.4%
Q2 2015+1.0%
Q1 2015-1.3%
Q4 2014+0.2%
Q3 2014+1.2%
Q2 2014-1.3%
Q1 2014-0.5%
Q4 2013-0.5%
Q3 2013-0.6%
Q2 2013-0.4%
Q1 2013+2.1%
Q4 2012+6.0%
Q3 2012-2.6%
Q2 2012+0.6%
Q1 2012-0.1%
Q4 2009-0.6%
Q4 2011-0.6%
Q3 2009-0.6%
Q3 2011-0.2%
Q3 2010-0.2%
Q2 2011-9.1%
Q2 2010-9.1%
Q1 2010-4.0%
Q4 2010-4.0%
Q1 2011-4.0%

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