STARWOOD PROPERTY TRUST, INC.STWD

時価総額

$60.4億

PER

不動産ファイナンスの大手。商業不動産向けの債権・エクイティ投資とローンサービシングを展開。2009年に上場、2013年にLNRを買収、2018年にGE Capitalのインフラ部門を取得。米国・欧州・オーストラリアで展開。

	2011年 12月31日	2012年 12月31日	2013年 12月31日	2014年 12月31日	2015年 12月31日	2016年 12月31日	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Net income	121	204	310	501	452	368	413	411	537	366	492	1,059	418	381
Amortization of Deferred Charges	4	6	10	12	15	16	19	28	36	40	43	48	50	49
Amortization of Debt Issuance Costs and Discounts	-27	-45	-	-	-	-	22	12	8	8	7	9	9	11
Accretion of net discount on investment securities	18	34	30	25	25	17	15	15	12	13	14	12	8	6
Accretion of net deferred loan fees and discounts	-	-	-45	-21	-37	48	39	38	35	42	58	63	67	64
Share-based compensation	14	16	16	29	32	33	18	23	36	31	39	40	39	42
Manager fees paid in stock	1	4	3	11	17	18	20	21	12	36	17	43	15	21
Change in fair value of investment securities	-	-	-	-	-	-	-	-	-	-	-	-2	1	1
Change in fair value of consolidated VIEs	-	-	24	53	-46	-29	69	17	68	-58	20	-25	33	-70
Change in fair value of servicing rights	-	-	-	-	-	-	-24	-10	-4	-4	4	1	2	3
Change in fair value of loans	-	-	-	70	64	74	67	41	72	133	69	-346	63	76
Change in fair value of affordable housing fund investments	-	-	-	-	-	-	-	-	-	-	0	721	252	61
Change in fair value of derivatives	-	-	-8	25	29	75	-68	31	-11	-89	90	329	-128	84
Foreign currency loss (gain), net	-	-	10	-29	-37	-34	33	-9	18	42	-36	-97	61	-74
Gain on sale of investments and other assets	-	-	40	14	23	2	20	59	188	7	39	138	26	101
Lease Intangibles And Other Assets Impairment Charges	-	-	-	-	-	-	1	2	1	-	-	0	125	-
Credit loss provision, net	-	-	-	-	-0	4	-5	35	7	43	8	47	244	197
Depreciation and amortization	-	-	15	17	27	62	91	131	113	94	85	54	54	46
(Earnings) loss from unconsolidated entities	-	-	9	20	27	22	31	11	-101	37	9	-6	17	13
Proceeds from Equity Method Investment, Distribution	-	-	7	15	23	20	68	6	12	3	5	5	9	5
Loss on extinguishment of debt	-	-	-	-	-	-	-	-	-	-	-	-1	-1	-4
Origination and purchase of loans held-for-sale, net of principal collections	270	-	1,233	1,785	1,848	1,670	2,199	2,105	3,544	2,075	5,173	4,437	571	1,525
Proceeds from Sale, Loan, Held-for-Sale	294	132	1,327	1,671	2,100	1,884	1,582	2,247	3,178	2,802	3,832	4,153	771	1,728
Related-party payable	3	-7	16	23	0	-3	5	2	-3	-2	37	-35	4	-6
Accrued and capitalized interest receivable, less purchased interest	11	11	32	53	66	76	94	62	114	175	137	202	156	70
Other assets	15	0	-19	-2	28	-12	35	-8	30	-0	28	-44	66	76
Accounts payable, accrued expenses and other liabilities	-	-	-	-41	-27	-7	23	25	-5	-0	41	171	-18	105
Net cash provided by operating activities	-	-	-	-	-	-	-247	585	-13	1,046	-990	214	529	647
Origination, purchase and funding of loans held-for-investment	1,559	1,753	2,663	3,035	2,360	2,815	3,235	4,429	5,473	3,133	8,637	5,544	2,718	3,046
Proceeds from principal collections on loans	-	-	770	1,193	1,552	2,665	2,563	3,057	3,132	1,696	4,025	2,097	3,337	4,629
Proceeds from loans sold	-	-	436	502	637	383	53	836	1,141	504	344	102	95	87
Purchase and funding of investment securities	-	-	480	189	182	360	98	492	98	22	198	87	12	89
Proceeds from sales and redemptions of investment securities	-	-	-	-	-	-	-	-	-	-	-	-	3	4
Proceeds from principal collections on investment securities	-	-	70	54	429	109	233	383	206	84	87	116	90	274
Proceeds from sales of real estate, net of debt assumed by purchaser	-	-	-	-	-	-	-	-	-	-	-	-	-	217
Purchases and additions to properties and other assets	-	-	2	38	2	16	574	55	31	25	26	25	25	28
Investments in unconsolidated entities	-	-	-	-	-	-	32	3	18	3	1	0	3	7
Distribution of capital from unconsolidated entities	-	-	7	62	31	16	14	21	18	3	30	3	11	6
Proceeds From Foreclosures And Initial Consolidation Of Entities	-	-	-	-	-	-	-	-	-	-	-	-	-	4
Payments for purchase or early termination of derivatives	-	-	-	-	-	-	-	-	-	-	34	19	42	20
Proceeds from Derivative Instrument, Investing Activities	-	-	10	6	37	86	31	21	39	17	58	203	43	52
Net cash provided by (used in) investing activities	-	-	-	-	-	-	-1,037	-2,521	-776	-912	-4,282	-2,950	855	2,084
Proceeds from borrowings	1,604	1,777	4,391	-	-	-	6,274	9,413	10,167	7,101	17,437	13,521	6,560	7,204
Principal repayments on and repurchases of borrowings	1,080	1,575	3,885	3,420	4,336	5,266	4,587	6,361	8,671	6,138	11,929	9,888	7,474	9,243
Payment of deferred financing costs	5	9	26	17	22	37	23	67	72	27	72	70	21	70
Proceeds from Issuance of Common Stock	477	876	1,514	601	326	449	1	1	1	1	394	52	3	395
Payment of dividends	-	-	-	-	-	-	502	510	538	547	554	591	601	620
Proceeds from Noncontrolling Interests	5	94	2	-	0	11	0	13	184	12	220	22	3	9
Distributions to non-controlling interests	9	25	48	34	2	7	96	256	50	100	44	49	45	45
Issuance of debt of consolidated VIEs	-	-	-	89	9	36	26	102	185	187	69	-	-	13
Repayment of debt of consolidated VIEs	-	-	-	136	464	283	137	410	373	522	767	290	48	188
Proceeds from Contributions from Affiliates	-	-	-	-	-	-	92	92	46	80	120	93	170	58
Net cash (used in) provided by financing activities	-	-	-	-	-	-	1,048	2,005	877	13	4,873	2,798	-1,455	-2,486
Net increase (decrease) in cash, cash equivalents and restricted cash	-	-	-	-	-	-	-236	69	88	147	-399	61	-71	245
Effect of exchange rate changes on cash	-	-	-	-	-	-	-	0	-1	1	-2	-1	1	-3
Cash paid for interest	-	-	-	-	-	-	251	338	481	380	387	671	1,352	1,294
Income Taxes Paid, Net	-	-	-	-	-	-	-	-	-	-	-	-8	2	4
Consolidation of VIEs (VIE asset/liability additions)	-	-	25,165	29,363	12,050	21,290	3,925	9,885	10,369	4,666	5,333	4,361	722	2,808
Deconsolidation of VIEs (VIE asset/liability reductions)	-	-	1,219	9,392	-7,825	5,718	2,480	1,649	377	32	936	730	-	891
Assets acquired, less cash	-	-	-	-	-	-	-	-	-	-	-	407	102	357
Liabilities assumed	-	-	-	-	-	-	-	-	-	-	-	96	1	7
Debt assumed by purchaser in sale of real estate	-	-	-	-	-	-	-	-	-	-	-	-	-	-195
Loan principal collections temporarily held at master servicer	-	-	-	-	-	-	-	-	44	9	32	0	124	47
Loan and Lease, Transfer from Held-in-Portfolio to Held-for-Sale	-	-	-	-	-	-	-	-	-	750	268	114	41	49
Net assets acquired from consolidated VIEs	-	-	-	-	-	-	-	-	-	-	-	-	-	8
Unsettled derivative transactions	-	-	-	-	-	-	-	-	-	-	-	2	-	-