[STAR_ICON]
STARWOOD
PROPERTY TRUST


For Immediate Release


Starwood Property Trust Reports Results for
Quarter Ended June 30, 2026


- Quarterly GAAP Earnings of $0.01 and Distributable Earnings (DE) of $0.40 per Diluted Share -
- Invested $2.5 Billion in the Quarter and $6.7 Billion through July -
- Record Total Assets of $31.8 Billion and Commercial Lending Assets of $17.3 Billion -
- Repurchased $30 Million of Common Shares in the Six Months -


— Dividend of $0.48 per Share —


— Awarded Nareit Gold Investor CARE Award for 10th Time in 12 Years —
MIAMI BEACH, FL, August 6, 2026 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today
announced operating results for the fiscal quarter ended June 30, 2026. The Company delivered second quarter
GAAP net income of $6.6 million, and Distributable Earnings (a non-GAAP financial measure) was $151.5 million.
See reconciliation tables below.


"Real estate fundamentals are improving steadily in almost every asset class, supported by a drop in construction
and broad and robust economic growth. This provides a more constructive backdrop to deploy capital and
improving credit in our loan portfolio. For us importantly, it provides a solid foundation to support the values of
our real estate owned and underperforming loan assets. We expect to resolve nearly $900 million of
underperforming assets by year end or shortly thereafter, returning the trapped equity to higher use cases across all
our business lines," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust.


“We have invested $6.7 billion through July, at double digit return on equity, and our $2.1 billion of corporate debt
transactions in the quarter extends our weighted average corporate debt maturity to 3.7 years and lowers our cost of
funds, solidifying an already strong balance sheet. This positions us well to continue deploying capital and driving
growth across all our business lines,” added Jeffrey DiModica, President of Starwood Property Trust.


# Supplemental Schedules

The Company has published supplemental earnings schedules on its website in order to provide additional
disclosure and financial information for the benefit of the Company’s stakeholders. Specifically, these materials can
be found on the Company’s website in the Investor Relations section under “Quarterly Results” at
www.starwoodpropertytrust.com.


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