---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021355"
form_type: "8-K"
ticker: "STWD"
cik: "0001465128"
company_name: "STARWOOD PROPERTY TRUST, INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:40:42.102267+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Starwood Property Trust Q1 GAAP EPS $0.48, DE $0.59; record liquidity $1.5B

## Summary
- GAAP net income $154.3M ($0.48 diluted EPS); Distributable Earnings $191.6M ($0.59/sh).
- Issued $600M of 5-year senior unsecured sustainability notes due 2029, 7x oversubscribed.
- Sold Master Lease Portfolio for $387M, generating net gains of $90.8M (GAAP) and $37.4M (DE).
- Record liquidity of $1.5B; over $1.0B in loan repayments during the quarter.
- Undepreciated book value per share $20.69; quarterly dividend maintained at $0.48/sh.

## SEC filing metadata
- accession: 0001628280-24-021355
- form_type: 8-K
- ticker: STWD
- cik: 0001465128
- company_name: STARWOOD PROPERTY TRUST, INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1465128/000162828024021355/0001628280-24-021355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1465128/000162828024021355/stwd-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021355
- JSON: https://secwatch.observer/filing/0001628280-24-021355.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021355.txt

## Key facts
- Earnings Releases
  STARWOOD PROPERTY TRUST, INC. reported the fiscal quarter ended March 31, 2024 results: net income $154.3 million, EPS $0.48.
  - Period: the fiscal quarter ended March 31, 2024
  - Net income: $154.3 million
  - EPS: $0.48
  - Result: reported results
  source text: Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2024. The Company’s first quarter 2024 GAAP net income was $154.3 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1465128/000162828024021355/0001628280-24-021355-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.