Other

Starwood Property Trust·Cash Flow Statement·30 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Proceeds from principal collections on loans	$809.9M	$1.5B	$1.1B	$747.2M	$812.3M	$1.7B	$1.2B	$982.8M
Loan principal collections temporarily held at master servicer	$7.7M	—	$43.3M	$47.7M	—	$32.7M	—	$212.4M
Payments To Acquire Other Productive Assets, Nonmerger	—	—	$7M	$5.7M	—	—	$205.7M	$149.3M
Deconsolidation of VIEs (VIE asset/liability reductions)	$89.9M	$179.5M	$0	$62.5M	—	—	—	$116.6M
Proceeds from sales of real estate	$10.9M	$17.8M	$0	$0	$58.9M	$1.6M	$40.5M	$62M
Depreciation and amortization	$11.3M	$11.4M	$12.5M	$12.8M	$11.6M	$27.7M	$32.8M	$35.5M
Payments For Purchase or Termination of Derivatives	$4.7M	$6.8M	$7.5M	$12.9M	$3.2M	$27.4M	$11M	$18.9M
Accretion of Net Deferred Loan Fees and Discounts	$12.9M	$16.7M	$14.3M	$14M	$12.6M	$20.1M	$15.7M	$15.7M
Share-based compensation	$10.7M	$10.8M	$10.3M	$13.4M	$13.4M	$14.7M	$12.6M	$14M
Change in fair value of mortgage loans, net	$64.4M	$114.9M	—	$58.4M	$29.9M	$52.4M	$43.8M	-$12.7M
Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1	$2.9M	$0	$4M	$990K	$1.5M	—	—	$12M
Net Change in Cash Excluding Exchange Rate Effect	$0	$73.6M	$45M	$137.9M	-$217.9M	$64.8M	$136.1M	-$8.7M
Net Change in Cash Excluding FX Effect	$0	$73.6M	$45M	$137.9M	-$217.9M	$64.8M	$136.1M	-$8.7M
Net increase (decrease) in cash	$0	$73.6M	$45M	$137.9M	-$217.9M	$64.8M	$136.1M	-$8.7M
Net Change in Cash Excluding Exchange Rate Effect	$0	$73.6M	$45M	$137.9M	-$217.9M	$64.8M	$136.1M	-$8.7M
Cash acquired in foreclosure	$1.1M	$0	$3.3M	$731K	$2K	—	—	$7.7M
Foreign Currency Transaction Gain (Loss) before Tax Cash Flow Impact	$0	$59.4M	-$98.4M	$34.8M	$83.8M	—	$6.6M	-$6.1M
Proceeds from principal collections on investment securities	$58.2M	$5M	$191.8M	$53M	$2M	$245.9M	$3.5M	$4.8M
Issuance of debt of consolidated VIEs	$2.6M	$7.1M	$0	$0	$0	$0	$0	$3.9M
Change in Fair Value of Consolidated Variable Interest Entity	-$19.8M	-$20.2M	-$6M	-$12.1M	$6.2M	$7.6M	$4.2M	-$2.6M
Change In Fair Value Of Affordable Housing Fund Investments	-$4M	-$20.2M	$88.7M	-$8M	-$9.9M	-$193.6M	-$134.4M	$1.9M
Manager fees paid in stock	$9.5M	$1.8M	$0	$6.4M	$5M	$92K	$0	$1.7M
Gain on Sale of Investments Cash Flow	$0	$8.3M	$432K	$0	$31.7M	$1M	$10.2M	$679K
Proceeds from sales and redemptions of investment securities	—	$2.4M	—	$1.4M	$4.2M	$2M	$1.7M	$625K
Change In Fair Value Of Servicing Rights	$895K	—	$2.2M	$753K	$2.4M	$2M	$758K	-$537K
Credit loss reversal, net	$42.7M	$66.4M	$52.4M	-$25M	$5.7M	$28.4M	$10.3M	-$377K
Gain (Loss) On Extinguishment Of Debt, Including Non-Cash Fees	-$855K	-$242K	-$1.1M	$0	$20M	—	—	-$335K
Repayments of Debt of Consolidated Variable Interest Entities	$107K	$126.2M	$61.3M	$4.8M	$57.1M	$110K	$103.1M	$110K
Effect of exchange rate changes on cash	-$1.3M	—	-$1.1M	$434K	$398K	-$594K	-$544K	$87K
Net assets acquired from consolidated VIEs	$1.9M	$1.9M	$1.9M	$0	$0	$0	$0	—

Metrics

Other

Breakdown

Metrics

Net Change in Cash Excluding Exchange Rate Effect

Effect of exchange rate changes on cash

Net Change in Cash Excluding FX Effect

Net increase (decrease) in cash

Net Change in Cash Excluding Exchange Rate Effect

Accretion of Net Deferred Loan Fees and Discounts

Change In Fair Value Of Affordable Housing Fund Investments

Change in Fair Value of Consolidated Variable Interest Entity

Change In Fair Value Of Servicing Rights

Depreciation and amortization

Foreign Currency Transaction Gain (Loss) before Tax Cash Flow Impact

Gain (Loss) On Extinguishment Of Debt, Including Non-Cash Fees

Change in fair value of mortgage loans, net

Gain on Sale of Investments Cash Flow

Manager fees paid in stock

Loan principal collections temporarily held at master servicer

Net assets acquired from consolidated VIEs

Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1

Payments For Purchase or Termination of Derivatives

Payments To Acquire Other Productive Assets, Nonmerger

Cash acquired in foreclosure

Issuance of debt of consolidated VIEs

Proceeds from principal collections on loans

Proceeds from principal collections on investment securities

Proceeds from sales and redemptions of investment securities

Proceeds from sales of real estate

Credit loss reversal, net

Repayments of Debt of Consolidated Variable Interest Entities

Share-based compensation

Deconsolidation of VIEs (VIE asset/liability reductions)