(STWD) Starwood Property Trust - Overview
Sector: Real Estate | Industry: REIT - Mortgage | Exchange: NYSE (USA) | Market Cap: 6.576m USD | Total Return: -2.4% in 12m
Avg Turnover: 50.2M
EPS Trend: -78.9%
Qual. Beats: -1
Rev. Trend: -45.4%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Starwood Property Trust (STWD) is a diversified mortgage real estate investment trust (REIT) focused on the origination and management of commercial and residential debt, infrastructure lending, and direct property ownership. The firm operates through four distinct segments, balancing high-yield lending with the acquisition of stabilized equity interests in multifamily and medical office properties.
As a mortgage REIT, the company primarily generates income from the interest spread between its cost of capital and the yields on its loan portfolio rather than through physical property appreciation alone. To maintain its REIT status and avoid federal corporate income taxes, the company is legally required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
The Investing and Servicing segment provides a counter-cyclical hedge by managing distressed assets and acting as a special servicer for commercial mortgage-backed securities (CMBS). Investors should consult ValueRay to analyze the underlying credit quality and duration of the firms current loan book.
Headquartered in Miami Beach, Florida, Starwood Property Trust has expanded its reach beyond domestic markets to include international infrastructure and real estate debt investments since its inception in 2009.
- Interest rate fluctuations impact net interest margin on commercial and residential lending portfolios
- Multifamily and medical office occupancy rates drive property segment recurring cash flows
- Special servicing fee income increases during periods of commercial real estate credit distress
- Access to low-cost securitization markets determines profitability of infrastructure and conduit lending
| Net Income: 351.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.27 > 1.0 |
| NWC/Revenue: -520.0% < 20% (prev 2.55%; Δ -522.6% < -1%) |
| CFO/TA 0.01 > 3% & CFO 832.5m > Net Income 351.2m |
| Net Debt (22.8b) to EBITDA (1.83b): 12.43 < 3 |
| Current Ratio: 0.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (337.1m) vs 12m ago -0.08% < -2% |
| Gross Margin: 79.18% > 18% (prev 0.85%; Δ 7.83k% > 0.5%) |
| Asset Turnover: 3.20% > 50% (prev 2.97%; Δ 0.23% > 0%) |
| Interest Coverage Ratio: 1.31 > 6 (EBITDA TTM 1.83b / Interest Expense TTM 1.31b) |
| A: -0.17 (Total Current Assets 930.2m - Total Current Liabilities 11.3b) / Total Assets 62.1b |
| B: -0.00 (Retained Earnings -165.9m / Total Assets 62.1b) |
| C: 0.03 (EBIT TTM 1.73b / Avg Total Assets 62.1b) |
| D: -0.00 (Book Value of Equity -151.2m / Total Liabilities 54.7b) |
| Altman-Z'' = -0.92 = CCC |
As of May 28, 2026, the stock is trading at USD 17.37 with a total of 2,705,243 shares traded.
Over the past week, the price has changed by +2.12%,
over one month by -5.24%,
over three months by -1.31% and
over the past year by -2.37%.
Starwood Property Trust has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy STWD.
- StrongBuy: 2
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.4 | 17.2% |
P/E Trailing = 18.2
P/E Forward = 9.7371
P/S = 11.322
P/B = 0.9617
P/EG = 1.7352
Revenue TTM = 1.99b USD
EBIT TTM = 1.73b USD
EBITDA TTM = 1.83b USD
Long Term Debt = 12.1b USD (from longTermDebt, last quarter)
Short Term Debt = 11.0b USD (from shortTermDebt, last quarter)
Debt = 23.1b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.8b USD (calculated: Debt 23.1b - CCE 377.0m)
Enterprise Value = 29.3b USD (6.58b + Debt 23.1b - CCE 377.0m)
Interest Coverage Ratio = 1.31 (Ebit TTM 1.73b / Interest Expense TTM 1.31b)
EV/FCF = 46.38x (Enterprise Value 29.3b / FCF TTM 632.6m)
FCF Yield = 2.16% (FCF TTM 632.6m / Enterprise Value 29.3b)
FCF Margin = 31.87% (FCF TTM 632.6m / Revenue TTM 1.99b)
Net Margin = 17.69% (Net Income TTM 351.2m / Revenue TTM 1.99b)
Gross Margin = 79.18% ((Revenue TTM 1.99b - Cost of Revenue TTM 413.3m) / Revenue TTM)
Gross Margin QoQ = 75.22% (prev 76.81%)
Tobins Q-Ratio = 0.47 (Enterprise Value 29.3b / Total Assets 62.1b)
Interest Expense / Debt = 5.68% (Interest Expense 1.31b / Debt 23.1b)
Taxrate = 7.65% (36.7m / 479.8m)
NOPAT = 1.59b (EBIT 1.73b * (1 - 7.65%))
Current Ratio = 0.08 (Total Current Assets 930.2m / Total Current Liabilities 11.3b)
Debt / Equity = 3.47 (Debt 23.1b / totalStockholderEquity, last quarter 6.67b)
Debt / EBITDA = 12.43 (Net Debt 22.8b / EBITDA 1.83b)
Debt / FCF = 35.98 (Net Debt 22.8b / FCF TTM 632.6m)
Total Stockholder Equity = 6.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.57% (Net Income 351.2m / Total Assets 62.1b)
RoE = 5.12% (Net Income TTM 351.2m / Total Stockholder Equity 6.85b)
RoCE = 9.11% (EBIT 1.73b / Capital Employed (Equity 6.85b + L.T.Debt 12.1b))
RoIC = 2.58% (NOPAT 1.59b / Invested Capital 61.8b)
WACC = 5.83% (E(6.58b)/V(29.7b) * Re(7.91%) + D(23.1b)/V(29.7b) * Rd(5.68%) * (1-Tc(0.08)))
Discount Rate = 7.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 43.53 | Cagr: 3.30%
[DCF] Terminal Value 73.10% ; FCFF base≈700.1m ; Y1≈614.0m ; Y5≈496.1m
[DCF] Fair Price = N/A (negative equity: EV 7.96b - Net Debt 22.8b = -14.8b; debt exceeds intrinsic value)
EPS Correlation: -78.87 | EPS CAGR: -7.25% | SUE: -0.85 | # QB: -1
Revenue Correlation: -45.43 | Revenue CAGR: -3.18% | SUE: 0.30 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.42 | Chg30d=-3.21% | Revisions=-50% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.44 | Chg30d=-3.71% | Revisions=-43% | Analysts=7
EPS current Year (2026-12-31): EPS=1.73 | Chg30d=-3.91% | Revisions=-43% | GrowthEPS=+2.6% | GrowthRev=+14.9%
EPS next Year (2027-12-31): EPS=1.93 | Chg30d=-0.64% | Revisions=-20% | GrowthEPS=+11.3% | GrowthRev=+9.6%
[Analyst] Revisions Ratio: -50%