Starwood Property Trust (NYSE:STWD) Q1 2026 Earnings: Revenue Beats, EPS Misses for the Mortgage REIT

• Starwood Property Trust (NYSE:STWD) reported first-quarter 2026 earnings per share (EPS) of $0.39, falling short of analyst estimates.
• The mortgage REIT demonstrated robust revenue growth, with $512.46 million, exceeding consensus expectations.
• The company deployed $2.5 billion in new investments during the quarter and maintains a consistent $0.48 per share dividend.

Starwood Property Trust (NYSE:STWD) is a large mortgage real estate investment trust (REIT). The company focuses on originating, acquiring, and managing commercial mortgage loans and other real estate debt investments. On May 8, 2026, Starwood Property Trust announced its first-quarter financial results before the market opened.

The company reported earnings per share of $0.39, which fell short of the analyst consensus estimate of $0.42, as highlighted by Zacks. This figure is based on Distributable Earnings, a metric used by REITs to show cash available for dividend income. This result is also lower than the $0.45 per share earned one year ago.

Despite the earnings miss, Starwood Property Trust's revenue performance was strong. The company generated revenue of approximately $512.46 million for the quarter. This figure surpassed the consensus estimate of $496.25 million and marks a significant increase from the $418 million reported in the same quarter last year.

Starwood Property Trust shows a strong focus on growth through new investments. The company deployed $2.5 billion during the quarter and another $1.5 billion after the quarter ended. Chairman and CEO Barry Sternlicht notes the company has invested $4 billion year-to-date, seeing real estate credit as a stable investment.

For over a decade, the company has consistently paid a dividend of $0.48 per share. Based on trailing twelve months data, Starwood Property Trust has a price-to-earnings (P/E) ratio of 16.89. Its price-to-sales ratio is 3.29, offering a view of how the market values its revenue.