Starwood Property Trust (STWD) Investor presentation summary

Company overview and platform

• Diversified finance company focused on real estate and infrastructure, with a $5.9B market cap and $32.2B in undepreciated assets as of June 2026.

• Achieved approximately 9% annualized total returns since inception and paid $8.9B in dividends, with a current yield of 12%.

• Backed by Starwood Capital Group, leveraging a global team of 7,000 professionals and $130B in assets under management.

• Operates across commercial lending, residential lending, infrastructure lending, property, and investing & servicing segments.

• Maintains a flexible investment platform with a focus on scalable, complementary business lines.

Portfolio composition and diversification

• Commercial loans comprise 53% of assets, with multifamily, industrial, and data centers making up 58% of loan collateral.

• Net lease, infrastructure lending, and residential lending each represent 8-9% of the asset base; U.S. office exposure is limited to 8%.

• Portfolio includes 527 net lease properties across 44 states and 72 industries, with a 100% occupancy rate and 16.8-year average lease term.

• Residential lending focuses on non-agency mortgages to high-quality borrowers, with $13.6B deployed and a weighted average FICO of 749.

• Infrastructure lending targets long-lived assets in power and energy, with $3.6B in commitments and 96% floating rate loans.

Investment strategy and risk management

• Predominantly floating-rate loan portfolio designed to perform in varying interest rate environments.

• Rigorous underwriting and asset management processes, leveraging proprietary data and senior management oversight.

• Special servicer capabilities provide a hedge against credit deterioration, with $10.9B in loans and REO under servicing.

• Conservative balance sheet with $30B in total debt capacity and a mix of secured, unsecured, and off-balance sheet debt.

• Focus on stable cash flows, inflation hedges, and capital appreciation across property investments.