Starwood Property Trust Q3 GAAP EPS $0.19, DE $0.40 per share; $4.6B invested
Starwood Property Trust reported third-quarter 2025 GAAP net income of $72.6 million and Distributable Earnings of $148.6 million, or $0.40 per diluted share. The company invested $4.6 billion in the quarter and ended it with record liquidity of $2.2 billion, including the Fundamental net lease portfolio acquisition. The filing does not include prior-period comparisons, so the direction of change versus last year cannot be determined from it.
Key points
- GAAP net income of $72.6 million, or $0.19 per share, for the quarter ended September 30, 2025, after a $28.4 million credit loss provision and $26.0 million of depreciation
- Distributable Earnings of $148.6 million, or $0.40 per diluted share
- Invested $4.6 billion in the quarter, including $2.2 billion of triple net lease investments and a record $0.8 billion in infrastructure lending
- Record liquidity of $2.2 billion; paid a quarterly dividend of $0.48 per share
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.