Starwood Property Trust reported third-quarter distributable earnings of $0.31 per diluted share, below its $0.48 dividend, while posting a $1.08-per-share GAAP loss for the quarter ended Sept. 30, 2026.
The company reported $0.31 in distributable earnings per diluted share for the quarter, compared with a $0.48-per-share dividend. It also recorded a GAAP loss of $1.08 per share.
Chief Financial Officer Rina Paniry reported $0.41 per diluted share under the company’s measure of distributable earnings prior to realized commercial lending gains and losses. The company’s release says the measure adjusts for dispositions or resolutions of nonaccrual commercial loans and properties acquired through foreclosure.
Starwood said recent dividends had exceeded distributable earnings and that management and the board consider both earnings measures when assessing performance and setting the payout.
The company said borrowers were feeling higher interest costs.
