Every material Form 8-K Starwood Property Trust filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
Starwood Property Trust closed a private offering of $550 million in 5.750% unsecured senior notes due January 15, 2031, under an indenture with The Bank of New York Mellon as trustee. The Company intends to use net proceeds for green and social projects, with general corporate purposes, including repaying repurchase facility debt, in the interim.
Notes: $550 million aggregate principal, 5.750% interest, maturing January 15, 2031
Priced September 29, 2025; closed and issued October 14, 2025 in a Rule 144A and Regulation S private offering
Interest paid semi-annually from July 15, 2026; notes are unsecured and not guaranteed by subsidiaries at issuance
Optional redemption before July 15, 2030 at make-whole price; change of control repurchase offer at 101%
Starwood Property Trust closed a private offering of $500 million of 5.250% unsecured senior notes due October 15, 2028, under an indenture with The Bank of New York Mellon as trustee. The company plans to use the net proceeds for eligible green and social projects, or for general corporate purposes such as repaying repurchase facility debt until allocation is complete. The filing adds fixed-rate debt that ranks equally with the company's other senior unsecured obligations.
Principal amount: $500 million; priced September 22, 2025 and closed October 6, 2025
Interest at 5.250% per year, paid semi-annually on April 15 and October 15, starting April 15, 2026
Maturity October 15, 2028; redeemable before July 15, 2028 at a make-whole premium
Indenture requires total unencumbered assets of at least 120% of outstanding unsecured indebtedness
Starwood Property Trust reported second quarter 2025 GAAP net income of $129.8 million and Distributable Earnings of $151.1 million, or $0.43 per diluted share. The filing does not include prior-period comparisons, and the company declared a $0.48 dividend per share for the third quarter.
Q2 2025 GAAP net income attributable to the company was $129.8 million, or $0.38 per share as stated in the release highlights.
Distributable Earnings were $151.1 million, or $0.43 per weighted average diluted share.
The company invested $3.2 billion in the quarter and $5.5 billion in the first six months of 2025.
The company acquired Fundamental Income Properties, described as a $2.2 billion net lease real estate platform.
Starwood Property Trust agreed to acquire Fundamental Income Properties, a net lease real estate platform majority owned by Brookfield Asset Management, for about $2.2 billion including debt, with closing expected on or about July 23, 2025. The company also gave preliminary second quarter results, showing GAAP earnings per diluted share of $0.36 to $0.38 and book value per share of $18.78 to $18.80, down from $18.87 at March 31, 2025, including a $44 million realized loss on a foreclosed office building sale.
Purchase price of approximately $2.2 billion, inclusive of indebtedness; the company will assume $1.3 billion of existing financing facilities, including $0.9 billion of asset-backed security debt
Expected closing on or about July 23, 2025, subject to customary closing conditions, with no assurance the deal closes on the anticipated terms or at all
Preliminary Q2 2025 GAAP EPS of $0.36 to $0.38 and Distributable EPS of $0.42 to $0.44, including $44 million ($0.13 per share) in realized losses from the Houston, Texas office building sale
Estimated book value per share of $18.78 to $18.80 at June 30, 2025, versus $18.87 at March 31, 2025; Q3 2025 dividend of $0.48 per share declared, payable October 15, 2025
Starwood Property Trust reported first-quarter 2025 results for the quarter ended March 31, 2025, with GAAP net income of $112.3 million, or $0.33 per diluted share, and Distributable Earnings of $156.3 million, or $0.45 per diluted share. The filing does not give prior-period comparisons, and Distributable Earnings were below the $0.48 per share quarterly dividend the company paid, so shareholders should weigh both the profit and the dividend coverage.
GAAP net income attributable to the company was $112.3 million, or $0.33 per diluted share.
Distributable Earnings were $156.3 million, or $0.45 per diluted share, versus a quarterly dividend of $0.48 per share.
The company invested $2.3 billion in the quarter, including a record $0.7 billion in infrastructure lending, and closed $1.3 billion after quarter end.
The company issued $500 million of corporate debt, extending average maturity to 3.7 years, and reported current liquidity of $1.5 billion.
Starwood Property Trust closed a private offering of $500 million in 6.500% unsecured senior notes maturing October 15, 2030, under an indenture with The Bank of New York Mellon as trustee. The company intends to use the net proceeds for eligible green and social projects, with interim use for general corporate purposes, which may include repaying repurchase facility debt.
Notes: $500 million principal, 6.500% annual interest, maturing October 15, 2030
Interest paid semi-annually on April 15 and October 15, starting October 15, 2025
Notes are senior unsecured and not guaranteed by subsidiaries at issuance; the indenture requires a 120% Total Unencumbered Assets covenant
Optional redemption before April 15, 2030 at a make-whole premium; change of control repurchase at 101% of principal
Starwood Property Trust expanded its board from nine to ten directors and appointed Jonathan Pollack, the incoming President of affiliate Starwood Capital Group, as a director and Vice Chairman, effective April 1, 2025. Pollack will receive no board compensation and is not considered independent, so shareholders may want to review the related-party disclosures in the 2025 proxy statement.
Board increased from nine to ten directors; appointment and Vice Chairman election effective April 1, 2025
Pollack, age 48, joins from Blackstone, where he was Global Head of Real Estate Credit from 2016 to 2024
Pollack will not receive compensation for Board service and is not considered independent due to his Starwood Capital Group role
Related relationships and transactions are described in the 2025 Proxy Statement filed March 21, 2025
Starwood Property Trust reported fourth-quarter 2024 GAAP net income of $51.6 million, or $0.15 per share, and Distributable Earnings of $166.7 million, or $0.48 per share. Net income was reduced by a $52.4 million credit loss provision, and full-year GAAP EPS was $1.10 with Distributable EPS of $2.02. The filing contains no guidance and no prior-period comparisons.
Q4 2024 GAAP net income was $51.6 million, including a $52.4 million credit loss provision.
Q4 2024 Distributable Earnings were $166.7 million, or $0.48 per diluted share.
Full-year 2024 GAAP net income was $359.9 million, or $1.10 per share, including a $197.4 million credit loss provision.
The company paid a $0.48 per share dividend, its 62nd straight quarterly dividend, and reported current liquidity of $1.8 billion.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Starwood Property Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →