Change in fair value of mortgage loans, net

Starwood Property Trust·Business Segments·5 segments·Rolls up to Change in fair value of mortgage loans, net

Breakdown

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Commercial and Residential Lending Segment	$47.71M	$95.75M	—	$42.57M	$8.43M	$40.54M	$30.57M	-$20.98M
Investing and Servicing Segment	—	—	—	—	—	$11.82M	$13.23M	$8.31M
Infrastructure Lending Segment	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Property Segment	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total	$64.42M	$114.87M	—	$58.40M	$29.87M	$52.37M	$43.80M	-$12.67M

Commercial and Residential Lending Segment and Investing and Servicing Segment is derived from annual filings.

Commercial and Residential Lending SegmentView metric

Infrastructure Lending SegmentView metric

Property SegmentView metric

Investing and Servicing SegmentView metric

Commercial and Residential Lending Segment and Investing and Servicing SegmentView metric

Segment	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Commercial and Residential Lending Segment	$47.71M	$95.75M	—	$42.57M	$8.43M	$40.54M	$30.57M	-$20.98M
Investing and Servicing Segment	—	—	—	—	—	$11.82M	$13.23M	$8.31M
Infrastructure Lending Segment	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Property Segment	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total	$64.42M	$114.87M	—	$58.40M	$29.87M	$52.37M	$43.80M	-$12.67M

Commercial and Residential Lending Segment and Investing and Servicing Segment is derived from annual filings.