Financial Performance - Starwood Property Trust reported Q3 2025 GAAP earnings of $0.19 per diluted share and Distributable Earnings (DE) of $0.40 per diluted share[6] - The company invested $4.6 billion in Q3 2025 and $10.2 billion in the first nine months of the year[6] - The company paid a quarterly dividend of $0.48 per share, maintaining this dividend for over a decade[6] Capital Activities - Starwood Property Trust raised $2.3 billion of capital across equity, term loan B, and high yield markets[6] - The company has a record liquidity of $2.2 billion[6] - The company repriced $1.6 billion of term loans at record low spreads[28] Portfolio Composition - The company has successfully deployed $112 billion of capital since inception and manages a portfolio of $30 billion across debt and equity investments[11] - U S office represents only 8% of the company's diversified $29.9 billion asset base[29] - The company acquired Fundamental, a $2.2 billion portfolio of durable, long-term, high quality net lease assets[7] Lending Activities - The company originated $1.4 billion in commercial lending during the quarter[6] - The company invested a record $0.8 billion in infrastructure lending during the quarter[6] - The company securitized or priced $222 million of conduit loans in five transactions[26]

Loan Portfolio & Origination - The total loan portfolio reached $2,485 million as of June 30, 2025, reflecting a 4.2% increase compared to June 30, 2024[15] - Recreation loans constitute 62.2% of the total loan portfolio, amounting to $1,546.3 million as of June 30, 2025, a 3.3% increase year-over-year[15] - Home Improvement loans represent 32.3% of the portfolio, totaling $803.5 million, showing a 3.9% increase from the previous year[15] - Commercial loans account for 4.9% of the portfolio, reaching $121.4 million, a significant 10.2% increase compared to June 30, 2024[15] - Strategic Partnership loan originations totaled $168.6 million[13] Financial Performance - Net interest income for the second quarter of 2025 was $53.4 million[28, 35] - The company reported a net income attributable to Medallion Financial Corp of $11.1 million for the second quarter of 2025[31] - The net interest margin was 8.09% on gross loans and 8.42% on net loans[14, 35] - The company declared a dividend of $0.12 per share per quarter[14, 54] - Operating costs as a percentage of net interest income were 40% for the year-to-date period ending June 30, 2025[48]