Commercial & Residential Lending was Starwood Property Trust’s largest segment in fiscal 2025, bringing in $1.35B of $1.84B (73%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial & Residential Lending | $1.17B | $1.70B | $1.57B | $1.35B | ||||||||||
| Real Estate Investment Lending | — | — | — | — | ||||||||||
| Lending | — | — | — | — | ||||||||||
| Lnr | — | — | — | — | ||||||||||
| Investment & Servicing | — | — | — | — | ||||||||||
| Investing & Servicing | $205.31M | $174.80M | $208.76M | $244.31M | ||||||||||
| Property | $91.83M | $94.17M | $69.98M | $137.02M | ||||||||||
| Infrastructure Lending | $154.36M | $239.99M | $260.99M | $276.79M | ||||||||||
| Corporate | $69.00K | $1.62M | $2.51M | $1.77M | ||||||||||
| Securitization Vies | -$154.84M | -$164.89M | -$161.96M | -$163.33M | ||||||||||
| Lnr Vies | — | — | — | — | ||||||||||
| Investment & Servicing Vies | — | — | — | — | ||||||||||
| Total | $1.46B | $2.05B | $1.95B | $1.84B |
Starwood Property Trust brought in $1.84B from its six segments in fiscal 2025, the year ended December 31, 2025. That was down 5.3% from $1.95B in fiscal 2024. Commercial & Residential Lending was the largest at $1.35B (73.1%), ahead of Infrastructure Lending at $276.79M (15.0%) and Investing & Servicing at $244.31M (13.2%). The other two segments brought in $138.78M combined.
Compared with fiscal 2024, Property grew fastest, up 95.8% to $137.02M, while Commercial & Residential Lending fell the most, down 14.0% to $1.35B. From fiscal 2022 to 2025, combined revenue from these segments grew from $1.46B to $1.84B, a compound annual growth rate of 8.0%. Commercial & Residential Lending's share of the total fell from 79.7% to 73.1%.
The total is net of Securitization Vies, which took $163.33M off revenue in fiscal 2025.
Starwood Property Trust (STWD) reports its revenue by segment. In fiscal 2025, Commercial & Residential Lending was its largest segment, bringing in $1.35B (73.1% of the total), followed by Infrastructure Lending at $276.79M (15.0%).
Commercial & Residential Lending was Starwood Property Trust's largest segment in fiscal 2025, bringing in $1.35B, or 73.1% of the $1.84B total across its six segments.
Among Starwood Property Trust's segments that make up at least 2% of revenue, Property grew fastest in fiscal 2025, up 95.8% from $69.98M to $137.02M.
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.