Data as of the October 19, 2026 close. Every figure on this page is checked against at least two independent sources, or two separate SEC filings, before it is published. How we verify data.
Starwood Property Trust (STWD) and Blackstone Mortgage Trust (BXMT) are both mortgage REITs, classed as Commercial Lending on REIT Rankings. Here is how they compare on verified numbers as of the October 19, 2026 close, from dividends and debt to rate sensitivity and returns this year.
| Measure | Starwood Property Trust (STWD) | Blackstone Mortgage Trust (BXMT) |
|---|---|---|
| Share price | $11.98 | $10.25 |
| Market cap | $4.4B | $1.7B |
| Dividend yield | 16.03% | 18.34% |
| Annual dividend per share | $1.92 | $1.88 |
| Pays | Quarterly | Quarterly |
| Dividend growth per year, 2020 to 2025 | 0.0% | -5.4% |
| Dividend increase in 2026 (confirmed in filings) | No increase | No increase |
| Liabilities to assets | 88.2% (June 30) | 83.2% (June 30) |
| Price change year to date | -33.5% | -46.4% |
| Price change since Sept. 15 | -21.2% | -22.9% |
| 52-week range (closing) | $11.98 to $18.69 | $10.25 to $20.63 |
| Typical move per 0.25-point rise in the 10-year yield | -2.5% | -2.7% |
| REIT Rankings grade | C 67 | D 54 |
| Third-quarter 2026 results | Not yet filed; page updates when it is | Not yet filed; page updates when it is |
Who Leads on Each Measure
| Measure | Leader |
|---|---|
| Higher dividend yield | Blackstone Mortgage Trust |
| Faster five-year dividend growth | Starwood Property Trust |
| Lower leverage | Blackstone Mortgage Trust |
| Less sensitive to rising rates | Starwood Property Trust |
| Better price change this year | Starwood Property Trust |
| Higher REIT Rankings grade | Starwood Property Trust |
Where They Differ
Blackstone Mortgage Trust pays the higher yield, 18.34% against 16.03% for Starwood Property Trust. Starwood Property Trust carries more leverage, with liabilities equal to 88.2% of assets against 83.2%. This year Starwood Property Trust shares have moved -33.5% and Blackstone Mortgage Trust shares -46.4%.
Read the full profiles for portfolio, tenant and balance sheet detail: Starwood Property Trust and Blackstone Mortgage Trust.
How These Numbers Are Checked
Prices, returns and 52-week ranges are computed separately from Nasdaq and Cboe records and must agree. Dividend rates are checked against the per-share dividends in each company’s latest 10-Q, growth streaks against their 10-K filings, and leverage and revenue come from the balance sheets and income statements filed with the SEC. Third-quarter results replace the latest-quarter figures as soon as each company files. How we verify data.
Frequently Asked Questions
Which pays a higher dividend, STWD or BXMT?
Starwood Property Trust yields 16.03% and pays $1.92 a share a year (quarterly); Blackstone Mortgage Trust yields 18.34% and pays $1.88 (quarterly), as of October 19, 2026.
Which has raised its dividend longer, STWD or BXMT?
Starwood Property Trust: streak not yet verified; Blackstone Mortgage Trust: streak not yet verified. Five-year dividend growth: 0.0% for Starwood Property Trust and -5.4% for Blackstone Mortgage Trust.
Which has more debt, STWD or BXMT?
On the latest balance sheets, Starwood Property Trust’s liabilities equal 88.2% of total assets and Blackstone Mortgage Trust’s equal 83.2%. Book leverage is one measure; debt maturities and interest coverage matter too.
Which is more sensitive to interest rates, STWD or BXMT?
Over the past year, Starwood Property Trust has typically moved -2.5% and Blackstone Mortgage Trust -2.7% for each 0.25-point rise in the 10-year Treasury yield. Since September 15, 2026, Starwood Property Trust has moved -21.2% and Blackstone Mortgage Trust -22.9%.
Is STWD or BXMT the better investment?
REIT Rankings does not make buy, sell or hold calls. On our grades, which measure dividend safety, balance sheet, portfolio, growth and valuation, Starwood Property Trust scores 67 and Blackstone Mortgage Trust scores 54, so Starwood Property Trust rates higher on business quality. Which suits you depends on whether you value current yield, dividend growth or lower rate risk more.
Related Pages
Best mortgage REITs · All REIT comparisons
REIT Rankings publishes data and grades, not investment advice. Nothing on this page is a recommendation to buy, sell or hold any security. Do your own research or consult a licensed advisor.
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