STARWOOD PROPERTY TRUST, INC.

The following description of our business should be read in conjunction with the information included elsewhere in this Form 10 K for the year ended December 31, 2025. This discussion contains forward looking statements that involve risks and uncertainties. Actual results could differ significantly from the results discussed in the forward looking statements due to the factors set forth in Risk Factors and elsewhere in this Form 10 K. References in this Form 10 K to we, our, us, or the Company refer to Starwood Property Trust, Inc. and its subsidiaries. General Starwood Property Trust, Inc. ( STWD and, together with its subsidiaries, we or the Company ) is a Maryland corporation that commenced operations in August 2009, upon the completion of our initial public offering ( IPO ). We are focused primarily on originating, acquiring, financing and managing mortgage loans and other real estate investments in the United States ( U.S. ), Europe and Australia. As market conditions change over time, we may adjust our strategy to take advantage of changes in interest rates and credit spreads as well as economic and credit conditions.