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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Net Income and Number of Shares Used in Computation of Earnings Per Share
The following table provides a reconciliation of net income and the number of shares of common stock used in the computation of basic EPS and diluted EPS (amounts in thousands, except per share amounts):
For the Year Ended December 31,
20252024
2023
Basic Earnings
Income attributable to STWD common stockholders$411,544 $359,933 $339,213 
Less: Income attributable to participating shares not already deducted as non-controlling interests(9,188)(7,201)(6,412)
Basic earnings$402,356 $352,732 $332,801 
Diluted Earnings
Income attributable to STWD common stockholders$411,544 $359,933 $339,213 
Less: Income attributable to participating shares not already deducted as non-controlling interests(9,188)(7,201)(6,412)
Diluted earnings$402,356 $352,732 $332,801 
Number of Shares:
Basic — Average shares outstanding349,687 319,921 309,771 
Effect of dilutive securities — Contingently issuable shares95 331 450 
Effect of dilutive securities — Unvested non-participating shares209 317 286 
Diluted — Average shares outstanding349,991 320,569 310,507 
Earnings Per Share Attributable to STWD Common Stockholders:
Basic$1.15 $1.10 $1.07 
Diluted$1.15 $1.10 $1.07