Starwood Property Trust Q3 distributable earnings miss estimates

STWD•2026-11-06

Starwood Property Trust reported Q3 adjusted net income of $116.8 million, below the $120.55 million analyst estimate, and a GAAP net loss of $389.7 million. Results included a $336.6 million credit loss provision; the company invested $3.2 billion during the quarter.

1. Q3 results

Starwood Property Trust reported Q3 adjusted net income of $116.8 million, below the $120.55 million analyst estimate, and a GAAP net loss of $389.7 million. Results included a $336.6 million credit loss provision. The company invested $3.2 billion in the quarter, including $2.4 billion in commercial lending, bringing that portfolio to a record $17.8 billion.

2. Rates and outlook

The company said rising interest rates created challenges for the property sector and its borrowers, while it continued to invest and resolve underperforming assets. It provided no specific financial guidance for current or future periods.