STWD
Market read
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Invalidation: The isolated read changes if STWD's group or a disclosed connection begins moving with it.
Research brief
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Costs and expenses increased by $51.4 million in the first half of 2026, primarily due to (i) the acquisition of Fundamental in July 2025, which introduced $53.7 million of costs and expenses in the first half of 2026, the effect of which was partially offset…”10-Q · Aug 6, 2026 ↗
“It was deemed credit deteriorated when we acquired the Infrastructure Lending Segment in 2018 and was placed on nonaccrual under the cost recovery method in 2023 due to a forbearance and restructuring plan agreed between the lenders and borrower that was nece…”10-Q · Aug 6, 2026 ↗
“The credit loss provision increased to $0.5 million in the first quarter of 2026 compared to a reversal of $25.8 million in the first quarter of 2025 primarily due to a more significant improvement in the macroeconomic forecasts in the first quarter of 2025.”10-Q · May 8, 2026 ↗
“As a result of the Fundamental acquisition, we expect that straight-line rent will become a more significant component of our GAAP net income.”10-K · Feb 25, 2026 ↗
Valuation discipline
Price/sales 3.0× · EV/sales 2.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for STWD. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
Jodie has not yet found a suitable current-versus-prior filing comparison for STWD. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Acquired the additional remaining $143.8 million senior mortgage loan interest secured by an industrial complex in Long Island City, New York, for which we have an existing $270.7 million first mortgage and mezzanine loan interest, in order to preserve our ri…”
“We may acquire non-agency RMBS, which are backed by residential property but, in contrast to agency RMBS, their principal and interest are not guaranteed by federally chartered entities such as the Federal National Mortgage Association and the Federal Home Lo…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
STWD is currently a Leader in the organic co-movement group Mortgage REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for STWD; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.