Starwood Property Trust Property Segment — Costs of rental operations decreased by 3.9% to $7.26M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 20.6%, from $6.02M to $7.26M. Over 4 years (FY 2021 to FY 2025), Property Segment — Costs of rental operations shows a downward trend with a -27.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Lower costs relative to rental income indicate higher property-level margins and operational efficiency.
Direct costs associated with maintaining and operating the properties within the segment, including property taxes, insu...
Standard operating expense for any entity managing rental real estate.
stwd_segment_property_segment_costs_of_rental_operations| 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 | $25.92M | $26.63M | $15.67M | $5.00M | $5.22M | $5.79M | $5.86M | $5.55M | $5.45M | $6.04M | $5.77M | $5.71M | $5.55M | $6.06M | $6.17M | $6.02M | $5.93M | $6.73M | $7.55M | $7.26M |
| QoQ Change | — | +2.7% | -41.2% | -68.1% | +4.3% | +11.1% | +1.1% | -5.3% | -1.9% | +10.9% | -4.4% | -1.1% | -2.8% | +9.2% | +1.9% | -2.5% | -1.5% | +13.4% | +12.3% | -3.9% |
| YoY Change | — | — | — | — | -79.9% | -78.2% | -62.6% | +11.0% | +4.4% | +4.2% | -1.5% | +2.8% | +1.8% | +0.3% | +7.0% | +5.4% | +6.9% | +11.0% | +22.3% | +20.6% |