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Starwood Property Trust STWD Infrastructure Lending Segment — D&A

Other segment segments

Property Segment
$5.84M-26.1%
Commercial and Residential Lending Segment
$4.78M+91.9%
Investing and Servicing Segment
$1.08M

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LOWReportable Segment — D&A
2.2%+0.1pp

Other financials

Income statement

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Revenue$513.7M+15.6%
Net income$6.6M-94.9%
EPS (diluted)$0.01-97.4%

Balance sheet

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Cash & equivalents$640.4M+34.9%
Total debt$69.0M+94.1%
Total equity$6.5B+1.2%
Total assets$61.0B-2.1%

Cash flow

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Operating cash flow$170.7M
CapEx$219.6M
Free cash flow$488.8M+65.4%

Valuation

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Market cap$6.01B-15.6%
P/E26.4×+7.1×
P/S-1.0×

Profitability

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Operating margin14.2%
Net margin11.4%-9.2pp
FCF margin25.8%

Returns & leverage

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Return on equity3.5%-2.3pp
Debt / equity0.0×

Where this comes from

Reported directly by Starwood Property Trust in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The source filing: Starwood Property Trust’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 6:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001465128-26-000029
Line itemCommercial and Residential Lending SegmentInfrastructure Lending SegmentProperty SegmentInvestingand Servicing SegmentCorporateSubtotalSecuritization VIEsTotal
Interest expense160,75038,62528,7759,117107,564344,831(254)344,577
General and administrative14,9796,0157,92523,6614,11456,69456,694
Costs of rental operations16,1617,2542,89826,31326,313
Depreciation and amortization4,780929,1371,08225235,26035,260
Credit loss provision, net29,81634830,16430,164
Other expense887872271011,2031,203
Total costs and expenses226,73945,78473,31836,859142,322525,022(254)524,768
Other income (loss):

Item 1. Financial Statements

FAQ

What is Starwood Property Trust's infrastructure lending segment — D&A?
Starwood Property Trust (STWD) reported infrastructure lending segment — D&A of $9K in Q2 2026.
How has Starwood Property Trust's infrastructure lending segment — D&A changed year-over-year?
Starwood Property Trust's infrastructure lending segment — D&A decreased by 0.0% year-over-year, from $9K to $9K.
What is the long-term trend for Starwood Property Trust's infrastructure lending segment — D&A?
Over 4 years (2021 to 2025), Starwood Property Trust's infrastructure lending segment — D&A has grown at a -44.2% compound annual growth rate (CAGR), from $402K to $39K.
What does infrastructure lending segment — D&A mean?
The non-cash allocation of the cost of tangible and intangible assets over their useful lives within the infrastructure lending segment. This reflects the wear and tear or expiration of assets.

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