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          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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    <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>100000</noOfUnitsSold>
      <aggregateMarketValue>2023301.84</aggregateMarketValue>
      <noOfUnitsOutstanding>313375899</noOfUnitsOutstanding>
      <approxSaleDate>03/28/2024</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/15/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Compensation</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>17287</amountOfSecuritiesAcquired>
      <paymentDate>03/15/2020</paymentDate>
      <natureOfPayment>N/A</natureOfPayment>
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    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>03/15/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Compensation</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>82713</amountOfSecuritiesAcquired>
      <paymentDate>03/15/2021</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>02/01/2024</saleDate>
      <amountOfSecuritiesSold>25000</amountOfSecuritiesSold>
      <grossProceeds>506982.59</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>03/28/2024</noticeDate>
      <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
100000
2023301.84
313375899
03/28/2024
NYSE
Common
03/15/2020
Compensation
Issuer
N
17287
03/15/2020
N/A
Common
03/15/2021
Compensation
Issuer
N
82713
03/15/2021
N/A
N
Jeffrey Dimodica
C/O STARWOOD CAPITAL GROUP
591 WEST PUTNAM AVENUE
GREENWICH
CT
06830
Common - Starwood Property Trust
02/01/2024
25000
506982.59
03/28/2024
Jeffrey F. DiModica