Starwood Property Trust Inc 2025年季度报告

TableofContents UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM10-Q ☒QUARTERLYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthequarterlyperiodendedMarch31,2025OR ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Commissionfilenumber001-34436 StarwoodPropertyTrust,Inc. (Exactnameofregistrantasspecifiedinitscharter) Maryland27-0247747 (StateorOtherJurisdictionofIncorporationorOrganization) (I.R.S.EmployerIdentificationNo.) 2340CollinsAvenue,Suite700 MiamiBeach,Florida33139 (AddressofPrincipalExecutiveOffices)(ZipCode) Registrant’stelephonenumber,includingareacode: (305)695-5500 SecuritiesregisteredpursuanttoSection12(b)oftheAct: Titleofeachclass TradingSymbol(s) Nameofeachexchangeonwhichregistered Commonstock,$0.01parvaluepershare STWD NewYorkStockExchange Indicatebycheckmarkwhethertheregistrant:(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes☒No☐ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).Yes☒No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompany,oranemerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler”,“acceleratedfiler”,“smallerreportingcompany”,and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Largeacceleratedfiler☒Acceleratedfiler☐ Non-acceleratedfiler☐Smallerreportingcompany☐ Emerginggrowthcompany☐ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct.☐ ☐No☒ Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct).Yes Thenumberofsharesoftheissuer’scommonstock,$0.01parvalue,outstandingasofMay2,2025was339,454,864. 1 TableofContents SpecialNoteRegardingForward-LookingStatements ThisQuarterlyReportonForm10-Qcontainscertainforward-lookingstatements,includingwithoutlimitation,statementsconcerningouroperations,economicperformanceandfinancialcondition.Theseforward-lookingstatementsaremadepursuanttothesafeharborprovisionsofthePrivateSecuritiesLitigationReformActof1995.Forward-lookingstatementsaredevelopedbycombiningcurrentlyavailableinformationwithourbeliefsandassumptionsandaregenerallyidentifiedbythewords“believe,”“expect,”“anticipate”andothersimilarexpressions.Forward-lookingstatementsdonotguaranteefutureperformance,whichmaybemateriallydifferentfromthatexpressedin,orimpliedby,anysuchstatements.Readersarecautionednottoplaceunduerelianceontheseforward-lookingstatements,whichspeakonlyasoftheirrespectivedates. Theseforward-lookingstatementsarebasedlargelyonourcurrentbeliefs,assumptionsandexpectationsofourfutureperformancetakingintoaccountallinformationcurrentlyavailabletous.Thesebeliefs,assumptionsandexpectationscanchangeasaresultofmanypossibleeventsorfactors,notallofwhichareknowntousorwithinourcontrol,andwhichcouldmateriallyaffectactualresults,performanceorachievements.Factorsthatmaycauseactualresultstovaryfromourforward-lookingstatementsinclude,butarenotlimitedto: •factorsdescribedinourAnnualReportonForm10-KfortheyearendedDecember31,2024andthisQuarterlyReportonForm10-Q,includingthosesetforthunderthecaptions“RiskFactors”,“Business”and“Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations”; •defaultsbyborrowersinpayingdebtserviceonoutstandingindebtedness; •impairmentinthevalueofrealestatepropertysecuringourloansorinwhichweinvest; •availabilityofmortgageoriginationandacquisitionopportunitiesacceptabletous; •potentialmismatchesinthetimingofassetrepaymentsandthematurityoftheassociatedfinancingagreements; •nationalandlocaleconomicandbusinessconditions,includingasaresultoftheimpactofpublichealthemergencies; •theoccurrenceofcertaingeo-politicalevents(suchaswars,terroristattacksandtensionsbetweenstates,includingglobaltradedisputesrelatedtotariffs)thataffectthenormalandpeacefulcourseofinternationalrelations; •generalandlocalcommercialandresidentialrealestatepropertyconditions; •changesinfederalgovernmentpolicies; •changesinfederal,stateandlocalgovernmentallawsandregulations; •increasedcompetitionfromentitiesengagedinmortgagelendingandsecuritiesinvestingactivities; •changesininterestrates;and •theavailabilityof,andcostsassociatedwith,sourcesofliquidity. Inlightoftheserisksanduncertainties,therecanbenoassurancesthattheresultsreferredtointheforward-lookingstatementscontainedinthisQuarterlyReportonForm10-Qwillinfactoccur.Excepttotheextentrequiredbyapplicablelaworregulation,weundertakenoobligationto,andexpresslydisclaimanysuchobligationto,update