Starwood Property Trust Infrastructure Lending Segment — VIE liabilities increased by 1.4% to $2.43B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.2%, from $2.23B to $2.43B. Over 4 years (FY 2021 to FY 2025), Infrastructure Lending Segment — VIE liabilities shows an upward trend with a 13.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase suggests higher debt levels within the segment's consolidated structured vehicles, impacting the overall risk profile.
The total outstanding liabilities of Variable Interest Entities (VIEs) that are consolidated within the infrastructure l...
Comparable to 'Consolidated VIE Debt' reported by financial services firms with structured finance operations.
stwd_segment_infrastructure_lending_segment_vie_liabilities| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.37B | $1.32B | $1.64B | $1.75B | $1.86B | $1.95B | $1.88B | $1.88B | $1.81B | $1.77B | $1.95B | $1.91B | $1.99B | $2.00B | $2.02B | $2.23B | $2.46B | $2.37B | $2.40B | $2.43B |
| QoQ Change | — | -3.7% | +24.2% | +6.8% | +6.3% | +4.7% | -3.7% | +0.3% | -3.9% | -2.1% | +10.0% | -2.0% | +4.3% | +0.2% | +1.1% | +10.3% | +10.4% | -3.5% | +1.1% | +1.4% |
| YoY Change | — | — | — | — | +35.8% | +47.7% | +14.5% | +7.5% | -2.8% | -9.1% | +3.9% | +1.5% | +10.2% | +12.7% | +3.6% | +16.6% | +23.3% | +18.7% | +18.7% | +9.2% |