Special Note Regarding Forward-Looking Statements


This presentation contains certain forward-looking statements, including without limitation, statements concerning the Company's operations, economic performance and
financial condition. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are developed by combining currently available information with the Company's beliefs and assumptions and are generally identified by the words "believe,"
"expect," "anticipate" and other similar expressions. Forward-looking statements do not guarantee future performance, which may be materially different from that
expressed in, or implied by, any such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their
respective dates.


These forward-looking statements are based largely on the Company's current beliefs, assumptions and expectations of the Company's future performance taking into
account all information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all
of which are known to the Company or within the Company's control, and which could materially affect actual results, performance or achievements. Factors that may
cause actual results to vary from the Company's forward-looking statements are set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for
the year ended December 31, 2025, and include, but are not limited to:


- defaults by borrowers in paying debt service on outstanding indebtedness;
- impairment in the value of real estate property securing the Company's loans or in which the Company invests;
- availability of mortgage origination and acquisition opportunities acceptable to the Company;
- potential mismatches in the timing of asset repayments and the maturity of the associated financing agreements;
- national and local economic and business conditions, including as a result of the impact of public health emergencies;
- the occurrence of certain geo-political events (such as wars, terrorist attacks and tensions between states, including global trade disputes related to tariffs) that affect
the normal and peaceful course of international relations;
- general and local commercial and residential real estate property conditions;
- changes in federal government policies;
- changes in federal, state and local governmental laws and regulations;
- increased competition from entities engaged in mortgage lending and securities investing activities;
- changes in interest rates; and
- the availability of, and costs associated with, sources of liquidity.


Additional risk factors are identified in the Company's filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available on the Company's website
at http://www.starwoodpropertytrust.com and the SEC's website at http://www.sec.gov.


In light of these risks and uncertainties, there can be no assurances that the results referred to in the forward-looking statements contained herein will in fact occur. Except to
the extent required by applicable law or regulation, the Company undertakes no obligation to, and expressly disclaims any such obligation to, update or revise any
forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, changes to future results over time or otherwise. Please
keep this cautionary note in mind as you assess the information given in this presentation.


STARWOOD PROPERTY TRUST


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