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    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001469654</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
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      <liveTestFlag>LIVE</liveTestFlag>



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  <formData>
    <issuerInfo>
      <issuerCik>0001465128</issuerCik>
      <issuerName>STARWOOD PROPERTY TRUST, INC.</issuerName>
      <secFileNumber>001-34436</secFileNumber>
      <issuerAddress>
        <com:street1>C/O STARWOOD CAPITAL GROUP</com:street1>
        <com:street2>591 WEST PUTNAM AVENUE</com:street2>
        <com:city>GREENWICH</com:city>
        <com:stateOrCountry>CT</com:stateOrCountry>
        <com:zipCode>06830</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(203) 422-7700</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>DiModica Jeffrey F.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Wells Fargo Clearing Services</name>
        <address>
          <com:street1>1 N. Jefferson Ave</com:street1>
          <com:city>St. Louis</com:city>
          <com:stateOrCountry>MO</com:stateOrCountry>
          <com:zipCode>63103</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>25000</noOfUnitsSold>
      <aggregateMarketValue>506982.59</aggregateMarketValue>
      <noOfUnitsOutstanding>313226048</noOfUnitsOutstanding>
      <approxSaleDate>02/01/2024</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>11/10/2015</acquiredDate>
      <natureOfAcquisitionTransaction>Compensation</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>25000</amountOfSecuritiesAcquired>
      <paymentDate>11/10/2015</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Jeffrey Dimodica</name>
        <address>
          <com:street1>C/O STARWOOD CAPITAL GROUP</com:street1>
          <com:street2>591 WEST PUTNAM AVENUE</com:street2>
          <com:city>GREENWICH</com:city>
          <com:stateOrCountry>CT</com:stateOrCountry>
          <com:zipCode>06830</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common - Starwood Property Trust</securitiesClassTitle>
      <saleDate>12/27/2023</saleDate>
      <amountOfSecuritiesSold>75000</amountOfSecuritiesSold>
      <grossProceeds>1650443.70</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>25,000 shares received via compensation were acquired between 11-10-2015 through 3-15-2020.</remarks>
    <noticeSignature>
      <noticeDate>02/01/2024</noticeDate>
      <planAdoptionDates>
        <planAdoptionDate>09/28/2023</planAdoptionDate>
      </planAdoptionDates>
      <signature>Jeffrey F. DiModica</signature>
    </noticeSignature>
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144
0001469654
XXXXXXXX
LIVE
0001465128
STARWOOD PROPERTY TRUST, INC.
001-34436
C/O STARWOOD CAPITAL GROUP
591 WEST PUTNAM AVENUE
GREENWICH
CT
06830
(203) 422-7700
DiModica Jeffrey F.
Officer
Director
Common
Wells Fargo Clearing Services
1 N. Jefferson Ave
St. Louis
MO
63103
25000
506982.59
313226048
02/01/2024
NYSE
Common
11/10/2015
Compensation
Issuer
N
25000
11/10/2015
N/A
N
Jeffrey Dimodica
C/O STARWOOD CAPITAL GROUP
591 WEST PUTNAM AVENUE
GREENWICH
CT
06830
Common - Starwood Property Trust
12/27/2023
75000
1650443.70
25,000 shares received via compensation were acquired between 11-10-2015 through 3-15-2020.
02/01/2024
09/28/2023
Jeffrey F. DiModica