OTC: SWDR
Starwood Real Estate Income Trust, Inc.CIK 0001711929 · SIC 6798 · Real Estate Investment Trusts
Mid by revenue · Mega by assets
Revenue $1.6B
Assets $18.6B
as of Aug 16, 2026
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424B3
Filed Aug 14, 2026
Starwood Real Estate Income Trust (SWDR) sets September 1, 2026 transaction prices at $19.17–$19.59/share across four classes
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8-K
Filed Aug 12, 2026
· Period ending Aug 11, 2026
Summary not yet generated.
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10-Q
Filed Aug 12, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
424B3
Filed Aug 4, 2026
Summary not yet generated.
8-K
Filed Aug 4, 2026
· Period ending Aug 3, 2026
Summary not yet generated.
8-K
Filed Jul 31, 2026
· Period ending Jul 31, 2026
Summary not yet generated.
424B3
Filed Jul 17, 2026
Summary not yet generated.
8-K
Filed Jun 30, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
424B3
Filed Jun 15, 2026
Summary not yet generated.
8-K
Filed May 29, 2026
· Period ending May 29, 2026
Summary not yet generated.
424B3
Filed May 14, 2026
Summary not yet generated.
10-Q
Filed May 11, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed Apr 30, 2026
· Period ending Apr 30, 2026
Summary not yet generated.
8-K
Filed Apr 29, 2026
· Period ending Apr 29, 2026
Summary not yet generated.
424B3
Filed Apr 29, 2026
Summary not yet generated.
8-K
Filed Mar 31, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Mar 20, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Nov 12, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-K
Filed Mar 21, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(in thousands, except share and per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues | ||||
| Rental revenue | 390,016 | 386,801 | 775,730 | 780,851 |
| Other revenue | 7,938 | 7,734 | 14,504 | 13,949 |
| Total revenues | 397,954 | 394,535 | 790,234 | 794,800 |
| Expenses | ||||
| Property operating | 165,147 | 166,879 | 325,266 | 337,984 |
| General and administrative | 9,634 | 9,027 | 19,873 | 18,681 |
| Management fees | 20,073 | 22,178 | 40,500 | 44,944 |
| Performance participation allocation | — | — | — | — |
| Depreciation and amortization | 177,347 | 173,654 | 354,993 | 346,504 |
| Total expenses | 372,201 | 371,738 | 740,632 | 748,113 |
| Other expense | ||||
| Loss from unconsolidated real estate ventures | (2,876) | (4,525) | (5,803) | (6,354) |
| Income from investment in real estate debt, net | 22,225 | 18,494 | 42,368 | 38,130 |
| Net (loss) gain on dispositions of real estate | (958) | 14,087 | (1,023) | 23,777 |
| Interest expense | (182,826) | (150,891) | (355,143) | (303,118) |
| Loss on extinguishment of debt | (1,775) | — | (4,131) | — |
| Other (expense) income, net | (12,569) | (105,292) | 1,236 | (192,026) |
| Total other expense | (178,779) | (228,127) | (322,496) | (439,591) |
| Net loss | (153,026) | (205,330) | (272,894) | (392,904) |
| Net loss attributable to non-controlling interests in consolidated joint ventures | 937 | 1,204 | 1,848 | 2,283 |
| Net loss attributable to non-controlling interests in Operating Partnership | 7,853 | 10,229 | 13,956 | 19,544 |
| Net loss attributable to stockholders | (144,236) | (193,897) | (257,090) | (371,077) |
| Net loss per share of common stock, basic and diluted | (0.37) | (0.49) | (0.66) | (0.93) |
| Weighted-average shares of common stock outstanding, basic and diluted | 387,210,745 | 399,564,483 | 388,413,005 | 400,276,392 |
| Comprehensive loss: | ||||
| Net loss | (153,026) | (205,330) | (272,894) | (392,904) |
| Other comprehensive (loss) income item: | ||||
| Foreign currency translation adjustments | (2,982) | 47,535 | (11,684) | 69,743 |
| Other comprehensive (loss) income | (2,982) | 47,535 | (11,684) | 69,743 |
| Comprehensive loss | (156,008) | (157,795) | (284,578) | (323,161) |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except share and per share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Investments in real estate, net | 16,605,904 | 16,929,132 |
| Investment in real estate debt | 948,779 | 915,431 |
| Investments in unconsolidated real estate ventures | 281,793 | 294,392 |
| Cash and cash equivalents | 207,304 | 200,806 |
| Restricted cash | 241,059 | 224,454 |
| Other assets | 319,717 | 353,647 |
| Total assets | 18,604,556 | 18,917,862 |
| Liabilities and Equity | ||
| Mortgage notes and secured credit facilities, net | 12,020,099 | 11,957,210 |
| Secured financings on investment in real estate debt, net | 572,391 | 550,951 |
| Unsecured line of credit | 1,550,000 | 1,373,000 |
| Other liabilities | 436,558 | 433,156 |
| Subscriptions received in advance | — | 145 |
| Due to affiliates | 219,583 | 235,809 |
| Total liabilities | 14,798,631 | 14,550,271 |
| Commitments and contingencies | — | — |
| Redeemable non-controlling interests | 390,121 | 399,101 |
| Equity | ||
| Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025 | — | — |
| Common stock Class T shares, $0.01 par value per share, 500,000,000 shares authorized; 4,500,558 and 4,785,065 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 45 | 48 |
| Common stock Class S shares, $0.01 par value per share, 1,000,000,000 shares authorized; 172,727,901 and 175,605,537 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 1,727 | 1,756 |
| Common stock Class D shares, $0.01 par value per share, 500,000,000 shares authorized; 24,345,076 and 24,744,496 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 243 | 247 |
| Common stock Class I shares, $0.01 par value per share, 1,000,000,000 shares authorized; 186,461,302 and 186,884,080 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 1,865 | 1,869 |
| Additional paid-in capital | 8,606,880 | 8,702,558 |
| Accumulated other comprehensive income | 10,815 | 22,499 |
| Accumulated deficit and cumulative distributions | (5,294,957) | (4,842,847) |
| Total stockholders’ equity | 3,326,618 | 3,886,130 |
| Non-controlling interests in consolidated joint ventures | 89,186 | 82,360 |
| Total equity | 3,415,804 | 3,968,490 |
| Total liabilities and equity | 18,604,556 | 18,917,862 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net loss | (272,894) | (392,904) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Management fees | 40,500 | 44,944 |
| Performance participation allocation | — | — |
| Depreciation and amortization | 354,993 | 346,504 |
| Amortization of deferred financing costs | 12,438 | 17,258 |
| Straight-line rent amortization | (2,460) | (3,102) |
| Deferred income amortization | (10,859) | (10,907) |
| Unrealized (gain) loss on changes in fair value of financial instruments | (24,661) | 213,922 |
| Foreign currency gain | (14,912) | (20,769) |
| Loss on extinguishment of debt | 4,131 | — |
| Amortization of restricted stock grants | 420 | 420 |
| Net loss (gain) on dispositions of investments in real estate | 1,023 | (23,777) |
| Loss from unconsolidated real estate ventures | 5,803 | 6,354 |
| Distributions of earnings from unconsolidated real estate ventures | 6,796 | 14,441 |
| Realized loss (gain) on derivative instruments | 36,860 | (1,445) |
| Other items | (4,141) | (2,123) |
| Change in assets and liabilities | ||
| Decrease in other assets | 13,556 | 23,715 |
| Increase (decrease) in due to affiliates | 565 | (3,003) |
| Increase (decrease) in other liabilities | 13,094 | (11,836) |
| Net cash provided by operating activities | 160,252 | 197,692 |
| Cash flows from investing activities | ||
| Proceeds from dispositions of real estate | 332 | 1,179,815 |
| Capital improvements to real estate | (53,136) | (67,894) |
| Return of capital from unconsolidated real estate ventures | — | 77,842 |
| Proceeds from paydown of principal and settlement of investment in real estate debt | 2,385 | — |
| Purchase of derivative instruments | (7,126) | (6,692) |
| Proceeds from derivative instruments | 27,678 | 30,005 |
| Net cash (used in) provided by investing activities | (29,867) | 1,213,076 |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock, net | 5,875 | 24,689 |
| Offering costs paid | (16,655) | (17,940) |
| Subscriptions received in advance | — | 1,251 |
| Repurchases of common stock | (185,480) | (202,132) |
| Borrowings from mortgage notes, secured credit facilities and unsecured line of credit | 2,062,366 | 216,510 |
| Repayments of mortgage notes, secured credit facilities and unsecured line of credit | (1,806,435) | (1,386,311) |
| Borrowings under secured financings on investment in real estate debt | — | 290,332 |
| Repayments under secured financings on investment in real estate debt | — | (245,590) |
| Payment of deferred financing costs | (17,793) | — |
| Contributions from non-controlling interests | 11,196 | 21,560 |
| Distributions to non-controlling interests | (2,351) | (4,152) |
| Distributions | (158,543) | (169,828) |
| Net cash used in financing activities | (107,820) | (1,471,611) |
| Effect of exchange rate changes | 538 | 3,346 |
| Net change in cash and cash equivalents and restricted cash | 23,103 | (57,497) |
| Cash and cash equivalents and restricted cash, beginning of the year | 425,260 | 522,934 |
| Cash and cash equivalents and restricted cash, end of the period | 448,363 | 465,437 |
| Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets: | ||
| Cash and cash equivalents | 207,304 | 240,173 |
| Restricted cash | 241,059 | 225,264 |
| Total cash and cash equivalents and restricted cash | 448,363 | 465,437 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | 370,145 | 405,174 |
| Non-cash investing and financing activities: | ||
| Accrued stockholder servicing fees due to affiliate | (822) | (673) |
| Issuance of Class I shares for payment of management fee | 40,730 | 45,270 |
| Accrued distributions | 28,874 | 40,562 |
| Distribution reinvestment | 58,316 | 73,926 |
| Allocation to redeemable non-controlling interests | 15,801 | 16,034 |
| Deferred transaction offering costs | 3,988 | — |
| Accrued capital expenditures | 1,086 | 2,945 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except share and per share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗