Starwood Property Trust Reports Q3 2026 Results with Record $17.8 Billion Portfolio
Starwood Property Trust (STWD) reported a third-quarter GAAP net loss of $389.7 million for the period ended September 30, 2026, driven by a $336.6 million credit loss provision and $32.2 million in non-cash property impairments. Despite the GAAP loss, the company reported Distributable Earnings (DE) of $116.8 million ($0.31 per diluted share). Management attributed the volatility to skyrocketing interest rates and shifts in the forward yield curve affecting the real estate sector. The company remains aggressive in its deployment of capital, investing $3.2 billion during the quarter and reaching a record portfolio size of $17.8 billion. A significant portion of this growth comes from commercial lending, which saw $2.4 billion in new investments. To support shareholder value, STWD repurchased $108 million of its common shares and declared a dividend of $0.48 per share.
Tickers: $STWD
Topics: commercial lending distributable earnings dividend announcement earnings report net loss share buyback
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