Opening its yearly report…Finding every part…Pulling out what matters…
STWD yearly report (10-K), explained · candor
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STWDStarwood Property Trust, Inc.
The yearly report (10-K), explained
Once a year, every US-listed company files a full report with the SEC called the 10-K. It's longer and more detailed than the glossy annual report sent to shareholders, and its figures are checked by an independent auditor. Here is Starwood Property Trust's latest one, part by part: what each part is, why people read it, and what it says. Filed Feb 25, 2026, covering the period to Dec 31, 2025.
At a glance
AuditorDELOITTE & TOUCHE LLPAuditor's opinionClean: the statements are fairly presentedCan it keep going?No going-concern warningMoney controlsManagement says they workedPeople working thereAbout 324Risks it lists106Shareholders of record440
Found by candor in the report's own text. Green means the usual, reassuring wording was found; amber means read that part.
Where the pages go
About 214 pages, roughly 10 hours to read in full
Point at or tap a block to see which part it is. The longest parts are usually the risks, the managers' discussion and the financial statements.
What its 106 listed risks are about
Each risk heading sorted by the words it uses. Open “What could go wrong” below to read them all.
Other36
Deals and investments21
Laws and regulators19
Debt, money and the stock11
Suppliers and operations8
World events and climate3
Economy and markets3
Products and technology2
People1
Competition1
Cyber and data1
Every part, explained
The notes behind the numbers
The statements only show totals. The 30 notes explain each one: how Starwood Property Trust counts sales, what it owes and when, its tax bill, its leases, its business segments and more. Open a note to read it and see its tables.
Filed with the SEC on Feb 25, 2026, for the period ending Dec 31, 2025. Open the original report. Plain-English names and explanations are candor's; anything in quotation marks is Starwood Property Trust's own words.