Starwood Real Estate Income Trust, Inc. (SWDS)
As-reported financials and SEC filings for Starwood Real Estate Income Trust, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Starwood Real Estate Income Trust, Inc.
Starwood Real Estate Income Trust, Inc. is a real estate investment trust that primarily invests in stabilized, income-oriented commercial real estate and real estate debt. Its portfolio mainly includes properties in the United States with additional investments in Europe, covering asset types such as multifamily, industrial, office, and single-family rentals. The company serves income-focused investors by acquiring and managing commercial real estate assets and related debt securities.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Starwood Real Estate Income Trust
- Revenue fell 6.3% to $1.6B in FY2025, after a 3.8% decline the year before.
- Operating margin is 61.1% in FY2025, -7.2 pp against 68.3% in FY2021.
- Most recent quarter Q2 FY2026: revenue $398M, up 0.9% from Q2 FY2025.
- Net loss widened to $692M in FY2025, from $685M in FY2024.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Starwood Real Estate Income Trust’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Starwood Real Estate Income Trust’s net margin of -43.7% ranks in the 5th percentile of the 156 REITs reporting it. Starwood Real Estate Income Trust’s revenue growth of -6.3% ranks in the 14th percentile of the 161 REITs reporting it. Starwood Real Estate Income Trust’s operating margin of 61.1% ranks in the 85th percentile of the 81 REITs reporting it.
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.58B | $1.69B | $1.75B | $1.58B | $642.9M |
| Gross profit | $904.3M | $972.8M | $1.01B | $928.8M | $394.3M |
| Operating income | $965.5M | $1.06B | $1.12B | $1.04B | $438.8M |
| Net income | $-691.6M | $-684.9M | $-649.7M | $-65.7M | $-302.3M |
| Diluted EPS | $-1.74 | $-1.68 | $-1.39 | $-0.14 | $-1.49 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $200.8M | $281.5M | $295.0M | $643.5M | $274.8M |
| Current assets | — | — | — | — | — |
| Total assets | $18.92B | $20.99B | $23.11B | $26.76B | $19.97B |
| Current liabilities | — | — | — | — | — |
| Long-term debt | $11.96B | $12.74B | $13.03B | $14.36B | $11.27B |
| Total liabilities | $14.55B | $15.30B | $15.52B | $16.19B | $13.27B |
| Total equity | $3.97B | $5.26B | $7.14B | $10.15B | $6.67B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $345.6M | $429.2M | $556.6M | $594.9M | $233.1M |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $398.0M | 0.9% | $-144.2M | $-0.37 |
| Q1 FY2026 | $392.3M | -2.0% | $-112.9M | $-0.29 |
| Q4 FY2025 | $392.2M | -6.0% | $-152.0M | $-0.39 |
| Q3 FY2025 | $393.9M | -7.3% | $-168.5M | $-0.42 |
| Q2 FY2025 | $394.5M | -6.5% | $-193.9M | $-0.49 |
| Q1 FY2025 | $400.3M | -5.6% | $-177.2M | $-0.44 |
| Q4 FY2024 | $417.1M | -1.4% | $-140.9M | $-0.35 |
| Q3 FY2024 | $424.8M | -1.9% | $-317.0M | $-0.79 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest reit peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.