Commercial & Residential Lending was Starwood Property Trust’s largest segment in fiscal 2025, bringing in $1.35B of $1.87B (72%).
| Segment | FY 2012 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|
| Commercial & Residential Lending | $1.17B | $1.70B | $1.35B | |
| Real Estate Investment Lending | — | — | — | |
| Infrastructure Lending | — | $239.99M | $276.79M | |
| Investing & Servicing | $205.31M | — | $244.31M | |
| Property | $91.83M | $94.17M | — | |
| Total | $1.47B | $2.04B | $1.87B |
Starwood Property Trust brought in $1.87B from its three segments in fiscal 2025, the year ended December 31, 2025. Starwood Property Trust regrouped these segments after fiscal 2023, so the total does not compare directly with that year's $2.04B. Commercial & Residential Lending was the largest at $1.35B (72.1%), ahead of Infrastructure Lending at $276.79M (14.8%) and Investing & Servicing at $244.31M (13.1%).
Compared with fiscal 2023, the previous year with figures, Infrastructure Lending grew 15.3% to $276.79M, while Commercial & Residential Lending fell 20.9% to $1.35B.
Starwood Property Trust began breaking out Infrastructure Lending in fiscal 2023, when it brought in $239.99M. Starwood Property Trust stopped reporting Property as a separate segment after fiscal 2023, when it brought in $94.17M.
Starwood Property Trust (STWD) reports its revenue by segment. In fiscal 2025, Commercial & Residential Lending was its largest segment, bringing in $1.35B (72.1% of the total), followed by Infrastructure Lending at $276.79M (14.8%).
Commercial & Residential Lending was Starwood Property Trust's largest segment in fiscal 2025, bringing in $1.35B, or 72.1% of the $1.87B total across its three segments.
Every figure comes from Starwood Property Trust's annual financial filings, as reported. Each line keeps the name Starwood Property Trust gives it, and years follow its fiscal calendar.
Starwood Property Trust's revenue by segment goes back to fiscal 2012, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.