Commercial Lending Metrics <::Table: Financial Data by Asset Type ($ millions) | | First Mortgages (2) | Mezzanine Loans (2) | Preferred Equity | Lending CMBS | Subordinated Mortgages | Total CRE | |:---|:---|:---|:---|:---|:---|:---| | Carrying Value | $16,800 | $290 | $114 | $89 | $5 | $17,298 | | Carrying Value on Accrual | $16,267 | $117 | $18 | $89 | $- | $16,491 | | Unlevered Return for Assets on Accrual (3) | 7.2% | 11.2% | 10.5% | 5.1% | N/A | 7.3% | Legend: - First Mortgages (dark blue) - Subordinated Mortgages (teal) - Lending CMBS (blue) - Preferred Equity (grey) - Mezzanine Loans (light blue) : table::> <::Bar chart showing Dollar (Carrying values in billions) on the Y-axis, ranging from 0.0 to 18.0, and quarters on the X-axis. Each bar is stacked with several segments, primarily a large dark blue segment at the bottom, followed by smaller segments of lighter blue and grey. X-axis categories and approximate total values: - Q2'24: ~14.3 billion - Stacked segments (from bottom to top): - Dark blue: ~13.8 billion - Medium blue: ~0.3 billion - Light blue: ~0.1 billion - Grey: ~0.1 billion - Q2'25: ~15.5 billion - Stacked segments (from bottom to top): - Dark blue: ~15.0 billion - Medium blue: ~0.3 billion - Light blue: ~0.1 billion - Grey: ~0.1 billion - Q3'25: ~15.7 billion - Stacked segments (from bottom to top): - Dark blue: ~15.3 billion - Medium blue: ~0.3 billion - Light blue: ~0.05 billion - Grey: ~0.05 billion - Q4'25: ~16.5 billion - Stacked segments (from bottom to top): - Dark blue: ~16.0 billion - Medium blue: ~0.4 billion - Light blue: ~0.05 billion - Grey: ~0.05 billion - Q1'26: ~16.6 billion - Stacked segments (from bottom to top): - Dark blue: ~16.2 billion - Medium blue: ~0.3 billion - Light blue: ~0.05 billion - Grey: ~0.05 billion - Q2'26: ~17.2 billion - Stacked segments (from bottom to top): - Dark blue: ~16.8 billion - Medium blue: ~0.3 billion - Light blue: ~0.05 billion - Grey: ~0.05 billion : bar chart::> STARWOOD PROPERTY TRUST 16