# Starwood Real Estate Income Trust, Inc.: overview

SWDR · OTC · CIK 1711929 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/swdr.md) · [Financials](/companies/swdr/financials.md) · [Filings](/companies/swdr/filings.md) · [Insiders](/companies/swdr/insiders.md)

Latest reported revenue: [$398.0m](/filings/0001193125-26-346339.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 12, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-346339).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [425](/filings/0001193125-25-277275.md) | [417 d](/filings/0001193125-26-117060.md) | [400](/filings/0001193125-26-216496.md) | [395](/filings/0001193125-26-346339.md) | [394](/filings/0001193125-25-277275.md) | [392 d](/filings/0001193125-26-117060.md) | [392](/filings/0001193125-26-216496.md) | [398](/filings/0001193125-26-346339.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [60.8%](/filings/0001193125-25-277275.md) | [63.3% d](/filings/0001193125-26-117060.md) | [61.7%](/filings/0001193125-26-216496.md) | [61.2%](/filings/0001193125-26-346339.md) | [59.5%](/filings/0001193125-25-277275.md) | [61.8% d](/filings/0001193125-26-117060.md) | [63.6%](/filings/0001193125-26-216496.md) | [63.4%](/filings/0001193125-26-346339.md) |
| Net margin | % | [(74.6%)](/filings/0001193125-25-277275.md) | [(33.8%) d](/filings/0001193125-26-117060.md) | [(44.3%)](/filings/0001193125-26-216496.md) | [(49.1%)](/filings/0001193125-26-346339.md) | [(42.8%)](/filings/0001193125-25-277275.md) | [(38.8%) d](/filings/0001193125-26-117060.md) | [(28.8%)](/filings/0001193125-26-216496.md) | [(36.2%)](/filings/0001193125-26-346339.md) |
| Diluted EPS | $ per share | [(0.79)](/filings/0001193125-25-277275.md) | not reported | [(0.44)](/filings/0001193125-26-216496.md) | [(0.49)](/filings/0001193125-26-346339.md) | [(0.42)](/filings/0001193125-25-277275.md) | not reported | [(0.29)](/filings/0001193125-26-216496.md) | [(0.37)](/filings/0001193125-26-346339.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [643](/filings/0000950170-24-034645.md) | [1,579](/filings/0000950170-25-043128.md) | [1,754](/filings/0001193125-26-117060.md) | [1,688](/filings/0001193125-26-117060.md) | [1,581](/filings/0001193125-26-117060.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [68.3%](/filings/0000950170-24-034645.md) | [65.9%](/filings/0000950170-25-043128.md) | [63.7%](/filings/0001193125-26-117060.md) | [62.5%](/filings/0001193125-26-117060.md) | [61.1%](/filings/0001193125-26-117060.md) |
| Net margin | % | [(47.0%)](/filings/0000950170-24-034645.md) | [(4.2%)](/filings/0000950170-25-043128.md) | [(37.0%)](/filings/0001193125-26-117060.md) | [(40.6%)](/filings/0001193125-26-117060.md) | [(43.7%)](/filings/0001193125-26-117060.md) |
| Diluted EPS | $ per share | [(1.49)](/filings/0000950170-24-034645.md) | [(0.14)](/filings/0000950170-25-043128.md) | [(1.39)](/filings/0001193125-26-117060.md) | [(1.68)](/filings/0001193125-26-117060.md) | [(1.74)](/filings/0001193125-26-117060.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/swdr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FIRST AMERICAN TRUST, FSB](/funds/36066.md) | 2026-06-30 | $364.7k | 18,661 |  | Added +122 |
| [Financial Gravity Companies, Inc.](/funds/1377167.md) | 2026-06-30 | $43.5k | 2,228 |  | Not compared |
| [Financial Gravity Asset Management, Inc.](/funds/1741736.md) | 2026-03-31 | $43.4k | 2,199 |  | Not compared |

## Recent filings

[All 708 filings](/companies/swdr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-30 | 10:28 ET | [8-K](/filings/0001193125-26-408572.md) | 8.01 Other events | 0001193125-26-408572 |
| 2026-08-31 | 11:14 ET | [8-K](/filings/0001193125-26-375795.md) | 8.01 Other events | 0001193125-26-375795 |
| 2026-08-12 | 13:14 ET | [8-K](/filings/0001193125-26-346366.md) | 5.07 Shareholder vote results | 0001193125-26-346366 |
| 2026-08-12 | 13:02 ET | [10-Q](/filings/0001193125-26-346339.md) | Quarterly report, period 2026-06-30 | 0001193125-26-346339 |
| 2026-08-04 | 16:03 ET | [8-K](/filings/0001193125-26-332741.md) | 7.01 Regulation FD disclosure | 0001193125-26-332741 |
| 2026-07-31 | 10:30 ET | [8-K](/filings/0001193125-26-327316.md) | 8.01 Other events | 0001193125-26-327316 |
| 2026-06-30 | 14:26 ET | [8-K](/filings/0001193125-26-290199.md) | 8.01 Other events | 0001193125-26-290199 |
| 2026-06-17 | 16:55 ET | [DEF 14A](/filings/0001193125-26-274336.md) | Proxy statement, period 2026-08-11 | 0001193125-26-274336 |
| 2026-05-29 | 09:38 ET | [8-K](/filings/0001193125-26-246478.md) | 8.01 Other events | 0001193125-26-246478 |
| 2026-05-11 | 14:50 ET | [10-Q](/filings/0001193125-26-216496.md) | Quarterly report, period 2026-03-31 | 0001193125-26-216496 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-117060.md), filed Mar 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/944ba902-2efa-402f-8901-67d11eff6eef)

## About the filer

- CIK: 1711929
- Tickers: SWDR, SWDS
- Exchange: OTC
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Non-accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 09:03 ET. No prices; not investment advice.