(STWD) Starwood Property Trust - Overview
Commercial Loans, Residential Loans, Infrastructure Debt, Property Equity, CMBS
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 9.97% |
| Yield on Cost 5y | 15.95% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 93.8% |
| Payout Ratio | 112.3% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.4% |
| Relative Tail Risk | 2.38% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.10 |
| Alpha | -9.61 |
| Character TTM | |
|---|---|
| Beta | 0.671 |
| Beta Downside | 0.758 |
| Drawdowns 3y | |
|---|---|
| Max DD | 23.15% |
| CAGR/Max DD | 0.21 |
Description: STWD Starwood Property Trust January 09, 2026
Starwood Property Trust, Inc. (STWD) is a U.S.-based REIT that generates earnings from four distinct segments: (1) Commercial and Residential Lending – originating and managing a broad spectrum of mortgage-backed assets, including first-mortgage loans, non-agency residential loans, mezzanine debt, preferred equity, and CMBS; (2) Infrastructure Lending – providing debt financing to infrastructure projects; (3) Property – acquiring and operating equity stakes in stabilized or value-add commercial real-estate, notably multifamily assets; and (4) Investing and Servicing – working out problem assets, managing unrated and investment-grade CMBS, and originating conduit loans for securitization. The REIT structure obligates STWD to distribute ≥90 % of taxable income to avoid corporate tax.
Key performance indicators as of Q4 2024 show a loan portfolio of roughly $31 billion, with a weighted-average loan-to-value (LTV) of 71 % and net interest margin of 3.6 %. The company’s dividend yield hovered near 10 % after a 12 % payout increase in early 2024, while its return on equity (ROE) was 11.2 % YoY, reflecting modest earnings growth despite a tightening credit environment. The property segment reported an occupancy rate of 94 % across its multifamily holdings, consistent with the sector’s resilience to higher borrowing costs.
STWD’s outlook is heavily tied to macro-economic drivers: (i) the Federal Reserve’s policy rate trajectory, which influences both loan demand and the spread between borrowing costs and REIT yields; (ii) the health of the commercial real-estate market, particularly office and retail vacancy trends that affect loan performance; and (iii) U.S. infrastructure spending legislation, which can boost the pipeline of infrastructure-lending opportunities. A sustained rise in interest rates could pressure loan-originations but also expand the spread on existing fixed-rate assets, creating a nuanced risk-return profile.
For a deeper quantitative dive into STWD’s risk metrics and scenario analyses, you may find ValueRay’s interactive dashboards useful.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 366.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.72 > 1.0 |
| NWC/Revenue: -16.71% < 20% (prev -27.68%; Δ 10.97% < -1%) |
| CFO/TA 0.01 > 3% & CFO 784.7m > Net Income 366.3m |
| Net Debt (10.84b) to EBITDA (1.54b): 7.04 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (337.1m) vs 12m ago 5.43% < -2% |
| Gross Margin: 79.42% > 18% (prev 0.91%; Δ 7851 % > 0.5%) |
| Asset Turnover: 2.89% > 50% (prev 3.29%; Δ -0.39% > 0%) |
| Interest Coverage Ratio: 1.18 > 6 (EBITDA TTM 1.54b / Interest Expense TTM 1.25b) |
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 42.6m / Total Assets 62.43b) |
| C: 0.02 (EBIT TTM 1.48b / Avg Total Assets 63.33b) |
| D: 0.00 (Book Value of Equity 58.3m / Total Liabilities 54.86b) |
| Altman-Z'' Score: 0.13 = B |
What is the price of STWD shares?
Over the past week, the price has changed by -0.93%, over one month by +1.15%, over three months by +1.26% and over the past year by +4.04%.
Is STWD a buy, sell or hold?
- StrongBuy: 2
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the STWD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 21.3 | 16.8% |
| Analysts Target Price | 21.3 | 16.8% |
| ValueRay Target Price | 20.6 | 12.9% |
STWD Fundamental Data Overview January 26, 2026
P/E Forward = 10.101
P/S = 14.0775
P/B = 0.9808
P/EG = 2.73
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 = 17.65b USD (6.91b + Debt 11.14b - CCE 390.6m)
Interest Coverage Ratio = 1.18 (Ebit TTM 1.48b / Interest Expense TTM 1.25b)
EV/FCF = 22.70x (Enterprise Value 17.65b / FCF TTM 777.7m)
FCF Yield = 4.40% (FCF TTM 777.7m / Enterprise Value 17.65b)
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 17.65b / 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 = 0.58% (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 = 4.80% (E(6.91b)/V(18.05b) * Re(8.39%) + D(11.14b)/V(18.05b) * Rd(3.01%) * (1-Tc(0.14)))
Discount Rate = 8.39% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 3.72%
[DCF Debug] Terminal Value 85.35% ; FCFF base≈601.2m ; Y1≈547.6m ; Y5≈481.0m
Fair Price DCF = 9.92 (EV 14.51b - Net Debt 10.84b = Equity 3.67b / Shares 370.3m; r=5.90% [WACC]; 5y FCF grow -11.12% → 2.90% )
EPS Correlation: -67.45 | EPS CAGR: -52.66% | SUE: -4.0 | # 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=-0.002 | Revisions Net=+1 | Analysts=7
EPS next Year (2026-12-31): EPS=1.83 | Chg30d=-0.003 | Revisions Net=+1 | Growth EPS=+8.6% | Growth Revenue=+9.0%