Starwood Property Trust Beats Q3 2026 Estimates as Revenue Rises 11% to $545.9M
Revenue of $545.9M vs. $531.8M expected and adjusted EPS of $0.31 vs. $0.27; revenue up 11% from a year earlier.
Starwood Property Trust (STWD) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $545.9 million, up 11% from a year earlier, above the $531.8 million estimate, and adjusted EPS was $0.31, down 23% from a year earlier, above the $0.27 estimate.
Shares rose 2.7% in premarket trading as of 7:09 a.m. ET, to $13.23 from a $12.88 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $0.27 | $0.31 | Beat by 14% |
| Revenue | $531.8M | $545.9M | Beat by 2.6% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▼ 23% | ▼ 23% |
| Revenue | ▲ 11% | ▲ 6.3% |
By our calculation, revenue was $14.1 million above the estimate and adjusted EPS was $0.04 above it. The QoQ column compares with the previous quarter's revenue of $513.7 million and adjusted EPS of $0.40. The YoY column compares with $489.9 million and $0.40 in the same quarter a year earlier.
GAAP results
- GAAP EPS. GAAP diluted EPS was -$1.08, against $0.22 a year earlier.
- Net loss. The company reported a net loss of $389.7 million on a GAAP basis, compared with net income of $72.6 million a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 4 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 3 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $489.9 million, $492.9 million, $512.5 million, $513.7 million and $545.9 million.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $0.41 and revenue of $553.0 million next quarter, based on 4 analysts.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 11% increase to $545.9 million.
- Estimate record. Whether Starwood Property Trust extends a record of beating EPS estimates in 4 of its last 8 reports.
- Related coverage. See our reports on Ubiquiti, Brookfield Asset Management, TeraWulf and Charter Communications.
Sources: Results are from Starwood Property Trust's Nov. 6, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Starwood Property Trust's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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