Overview Dividends

(STWD) Starwood Property Trust - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US85571B1052

Mortgages, Loans, Securities, Properties, Infrastructure

Mortgage REITs
Market Cap in USD: 7,044m

IPO / Inception: 2009-08-12
Return 12m vs S&P 500: -10.3%

EPS (Earnings per Share)

EPS CAGR: -23.64%
EPS Trend: -72.0%

Last SUE: -0.97
Qual. Beats: 0

Revenue

Rev. CAGR: 13.74%
Rev. Trend: 59.5%

Last SUE: 0.18
Qual. Beats: 0

Dividends

Dividend Yield	12.99%
Yield on Cost 5y	19.28%
Yield CAGR 5y	0.00%
Payout Consistency	93.7%
Payout Ratio	112.3%

Risk via 5d forecast
Volatility	16.7%
Value at Risk 5%th	28.0%
Relative Tail Risk	2.00%

Reward TTM
Sharpe Ratio	0.13
Alpha	-7.31
CAGR/Max DD	0.41

Character TTM
Hurst Exponent	0.396
Beta	0.657
Beta Downside	0.766

Drawdowns 3y
Max DD	23.15%
Mean DD	6.26%
Median DD	5.15%

Description: STWD Starwood Property Trust November 06, 2025

Starwood Property Trust, Inc. (NYSE: STWD) is a REIT that generates earnings from four distinct business lines: (1) Commercial and Residential Lending – originating and managing a broad spectrum of mortgage-backed assets, including first-mortgage, non-agency, mezzanine, and CMBS exposures; (2) Infrastructure Lending – providing debt financing to core infrastructure projects; (3) Property – holding equity stakes in stabilized or value-add commercial real-estate, notably multifamily assets; and (4) Investing and Servicing – working out problem loans, managing unrated and investment-grade CMBS, and originating conduit loans for securitization. The REIT must distribute at least 90 % of taxable income to avoid corporate tax, a requirement that underpins its high dividend yield policy.

Key operating metrics (as of FY 2023) include a loan portfolio of roughly $30 bn with a weighted-average loan-to-value of 71 % and a net interest margin of 4.2 %, reflecting sensitivity to the Federal Reserve’s rate trajectory. The company’s dividend yield hovered near 9 % and its NAV per share was $15.8, roughly 10 % below the market price, indicating a modest discount that may appeal to yield-focused investors. Sector-wide, rising interest rates and tightening credit standards are pressuring commercial-mortgage-backed-securities spreads, while infrastructure debt demand is buoyed by government stimulus and ESG-linked financing trends.

For a deeper, data-driven assessment of STWD’s valuation assumptions and scenario outcomes, the ValueRay platform offers a transparent, model-based analysis worth reviewing.

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (366.3m TTM) > 0 and > 6% of Revenue (6% = 109.9m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA 0.72pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -16.71% (prev -27.68%; Δ 10.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.01 (>3.0%) and CFO 784.7m > Net Income 366.3m (YES >=105%, WARN >=100%)

Net Debt (10.84b) to EBITDA (1.54b) ratio: 7.04 <= 3.0 (WARN <= 3.5)

Current Ratio 0.70 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (337.1m) change vs 12m ago 5.43% (target <= -2.0% for YES)

Gross Margin 79.42% (prev 90.58%; Δ -11.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 2.89% (prev 3.29%; Δ -0.39pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.18 (EBITDA TTM 1.54b / Interest Expense TTM 1.25b) >= 6 (WARN >= 3)

Altman Z'' 0.13

(A) -0.00 = (Total Current Assets 727.5m - Total Current Liabilities 1.03b) / Total Assets 62.43b

(B) 0.00 = Retained Earnings (Balance) 42.6m / Total Assets 62.43b

(D) 0.00 = Book Value of Equity 58.3m / Total Liabilities 54.86b

Total Rating: 0.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 59.58

1. Piotroski 1.0pt

2. FCF Yield 4.37%

3. FCF Margin 42.44%

4. Debt/Equity 1.62

5. Debt/Ebitda 7.04

6. ROIC - WACC (= 3.00)%

7. RoE 5.61%

8. Rev. Trend 59.49%

9. EPS Trend -71.99%

What is the price of STWD shares?

As of December 30, 2025, the stock is trading at USD 18.47 with a total of 3,842,813 shares traded.
Over the past week, the price has changed by -0.75%, over one month by +0.54%, over three months by -4.94% and over the past year by +6.10%.

Is STWD a buy, sell or hold?

Starwood Property Trust has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy STWD.

Strong Buy: 2
Buy: 3
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the STWD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	21.5	16.4%
Analysts Target Price	21.5	16.4%
ValueRay Target Price	20.9	13.3%

STWD Fundamental Data Overview December 26, 2025

Market Cap USD = 7.04b (7.04b USD * 1.0 USD.USD)
P/E Trailing = 18.0
P/E Forward = 10.2459
P/S = 14.3563
P/B = 0.9954
P/EG = 2.73
Beta = 1.168
Revenue TTM = 1.83b USD
EBIT TTM = 1.48b USD
EBITDA TTM = 1.54b USD
Long Term Debt = 9.88b USD (from longTermDebt, last quarter)
Short Term Debt = 1.26b USD (from shortTermDebt, last quarter)
Debt = 11.14b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.84b USD (from netDebt column, last quarter)
Enterprise Value = 17.79b USD (7.04b + Debt 11.14b - CCE 390.6m)
Interest Coverage Ratio = 1.18 (Ebit TTM 1.48b / Interest Expense TTM 1.25b)
FCF Yield = 4.37% (FCF TTM 777.7m / Enterprise Value 17.79b)
FCF Margin = 42.44% (FCF TTM 777.7m / Revenue TTM 1.83b)
Net Margin = 19.99% (Net Income TTM 366.3m / Revenue TTM 1.83b)
Gross Margin = 79.42% ((Revenue TTM 1.83b - Cost of Revenue TTM 377.1m) / Revenue TTM)
Gross Margin QoQ = 96.74% (prev 96.95%)
Tobins Q-Ratio = 0.28 (Enterprise Value 17.79b / Total Assets 62.43b)
Interest Expense / Debt = 3.01% (Interest Expense 334.8m / Debt 11.14b)
Taxrate = 14.31% (13.3m / 93.3m)
NOPAT = 1.27b (EBIT 1.48b * (1 - 14.31%))
Current Ratio = 0.70 (Total Current Assets 727.5m / Total Current Liabilities 1.03b)
Debt / Equity = 1.62 (Debt 11.14b / totalStockholderEquity, last quarter 6.86b)
Debt / EBITDA = 7.04 (Net Debt 10.84b / EBITDA 1.54b)
Debt / FCF = 13.94 (Net Debt 10.84b / FCF TTM 777.7m)
Total Stockholder Equity = 6.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.59% (Net Income 366.3m / Total Assets 62.43b)
RoE = 5.61% (Net Income TTM 366.3m / Total Stockholder Equity 6.53b)
RoCE = 9.01% (EBIT 1.48b / Capital Employed (Equity 6.53b + L.T.Debt 9.88b))
RoIC = 7.85% (NOPAT 1.27b / Invested Capital 16.13b)
WACC = 4.85% (E(7.04b)/V(18.18b) * Re(8.44%) + D(11.14b)/V(18.18b) * Rd(3.01%) * (1-Tc(0.14)))
Discount Rate = 8.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 3.72%
[DCF Debug] Terminal Value 75.35% ; FCFE base≈601.2m ; Y1≈547.7m ; Y5≈482.1m
Fair Price DCF = 21.82 (DCF Value 8.08b / Shares Outstanding 370.3m; 5y FCF grow -11.12% → 3.0% )
EPS Correlation: -71.99 | EPS CAGR: -23.64% | SUE: -0.97 | # QB: 0
Revenue Correlation: 59.49 | Revenue CAGR: 13.74% | SUE: 0.18 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.43 | Chg30d=-0.034 | Revisions Net=-5 | Analysts=7
EPS next Year (2026-12-31): EPS=1.84 | Chg30d=-0.024 | Revisions Net=-7 | Growth EPS=+8.9% | Growth Revenue=+10.7%

Additional Sources for STWD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle