Residential Portfolio


$ millions
 ➢ Recorded **$3M** net unrealized fair value increase:
 - Loans: **$12M** decrease
 - RMBS: **$2M** decrease
 - Interest Rate Hedges: **$17M** increase to FMV of **$4M**
 ➢ Redeemed a consolidated RMBS trust:
 - Transferred **$230M** of loans previously securitized to loans held-for-investment
 - Redeemed **$82M** of our retained RMBS and **$151M** held by third parties
 ➢ Repayments of **$53M** on loans and **$8M** on RMBS


<table>
<tr><td>Asset Carrying Values</td><td>Jun 30, 2026</td><td>Mar 31, 2026</td><td>Dec 31, 2025</td><td>Sep 30, 2025</td><td>Jun 30, 2025</td></tr>
<tr><td>Loans, held for sale</td><td>$ 2,155</td><td>$ 2,218</td><td>$ 2,278</td><td>$ 2,308</td><td>$ 2,323</td></tr>
<tr><td>Loans, held for investment</td><td>228</td><td>—</td><td>—</td><td>—</td><td>—</td></tr>
<tr><td>Post-securitization retained RMBS</td><td>313</td><td>400</td><td>405</td><td>409</td><td>414</td></tr>
<tr><td>Residential Portfolio Carrying Values</td><td>$ 2,696</td><td>$ 2,618</td><td>$ 2,683</td><td>$ 2,717</td><td>$ 2,737</td></tr>
<tr><td>Weighted Average Coupon (WAC)&lt;sup&gt;*&lt;/sup&gt;</td><td></td><td></td><td></td><td></td><td></td></tr>
<tr><td>Loans, held for sale</td><td>4.4%</td><td>4.4%</td><td>4.4%</td><td>4.4%</td><td>4.4%</td></tr>
<tr><td>Loans, held for investment</td><td>5.5%</td><td>N/A</td><td>N/A</td><td>N/A</td><td>N/A</td></tr>
</table>

*Does not include the impact of interest rate hedges


STARWOOD PROPERTY TRUST


20