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STARWOOD PROPERTY TRUST, INC. S (STWD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

STARWOOD PROPERTY TRUST, INC. S
NYSE•Real Estate•REIT - Mortgage
$16.08+0.20(0.01%)Market closed
Market Cap
$5.48B
P/E
24.0x
P/S
2.7x
P/B
0.8x

Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States and internationally. It operates through four segments: Commercial and Residential Lending; Infrastructure Lending; Property; and Investing and Servicing. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, including distressed or non-performing loans. Its Infrastructure Lending segment originates, acquires, finances, and manages infrastructure debt investments. The Property segment engages primarily in acquiring and managing equity interests in stabilized and to be stabilized commercial real estate properties, including multifamily properties, multi-tenant medical office net lease properties and diversified single-tenant triple net lease properties that are held for investment. Its Investing and Servicing segment manages and works out problem assets; acquires and manages unrated, investment grade, and non-investment grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions; originates conduit loans for the primary purpose of selling these loans into securitization transactions; and acquires commercial real estate assets that include properties acquired from CMBS trusts. The company qualifies as a REIT for federal income tax purposes and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Starwood Property Trust, Inc. was incorporated in 2009 and is headquartered in Miami Beach, Florida.

D

How this company scores

WeakMetricSide Score: 39/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Profitability (4/25).

Profitability4/25
Growth10/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality10/25
Strengths
Interest easily coveredNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 24.0x5y range 6.7x – 24.0x
P/E 24.0x · above its 20-quarter median

Currently above its 20-quarter median.

P/S · 2.7x5y range 2.7x – 6.3x
P/S 2.7x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 0.8x5y range 0.8x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $5.48B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.01B
4Q
Q. Revenue
$513.67M
5Q
TTM EBITDA
$157.13M
263%
TTM Op. Income
$31.02M
2Q
Q. Op. Income
$-11.10M
180%
TTM Net Income
$227.91M
2Q
Q. Net Income
$6.56M
2Q
EPS
$0.01
2Q
Shares Out.
$366.73M
2Q
$2.01B in TTM revenue grew 11.8% YoY, reaching $513.67M last quarter. TTM EBITDA of $157.13M and TTM operating income of $31.02M show growth is flowing through to the bottom line. TTM net income of $227.91M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
4.7%
14%
Op. Margin
-2.2%
170%
Net Margin
1.3%
2Q
Op. margin of -2.2% is down 5.3% YoY — costs are rising relative to revenue. Net margin at 1.3% Over the past year, operating margin is down 170% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
24.0x
2Q
P/S Ratio
2.7x
3Q
P/B Ratio
0.8x
4Q
At 24.0x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 0.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$61.05B
2Q
Cash
$367.59M
41%
Long-Term Debt
N/A
Book Value
$6.50B
3Q
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$170.66M
295%
TTM Free Cash Flow
$-143.11M
121%
FCF Margin
-7.1%
119%
FCF / Net Income
-0.6
2Q
TTM FCF of $-143.11M on $170.66M in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 121% — an improving trend.

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P/B 0.8x
· near its 20-quarter median

Currently near its 20-quarter median.

Revenue Decline

Watch

Revenue has softened, declining in 3 quarters. Watch for further erosion.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Red Flag

Shares outstanding increased 14.7% — significant dilution, likely from stock compensation or capital raises.