STWD Starwood Property Trust (STWD) Q1 FY26 earnings call
Starwood Property Trust reported Q1 FY26 distributable earnings of $0.39 per share, below expectations due to nonperforming asset resolutions and the ramp-up of its net lease platform. Despite these headwinds, the company deployed $2.5 billion in capital, growing its loan portfolio to a record $16.7 billion, and improved its overall risk rating. Management remains confident in its diversified platform and strategic asset management to drive future earnings and dividend coverage, with expectations for improved performance by late 2026 or early 2027.
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STWD operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Occupancy rate Net Lease | 100%As a reminder, the weighted average lease term of this portfolio is 17.3 years with occupancy of 100% and 2.3% annual rent escalations.Source: earnings call transcript | 100%The portfolio now stands at $2.7 billion, comprising 527 properties across 44 states, a weighted average lease term of 16.8 years, average annual rent escalations of 2.3% and 100% occupancy with 0 defaults.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.