Sculptor Diversified Real Estate Income Trust earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026
Q2 2026 Revenue up 31% year over year to $15.5M · 23¢ of every $1 of revenue kept as net profit · operating margin 31.3%
Sculptor Diversified Real Estate Income Trust made $15.5M in Q2 2026 (+31% Y/Y). Operating margin 31.3%, net earnings $3.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Revenue$15.5M
Year over year+31%
Operating margin31.3%
Net earnings$3.6M
Operating cash flow$8.9M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $15.5M in Q2 2026, up 31% year over year and up 4% from the previous quarter.
Operating profit was $4.8M, a 31.3% margin (up 12.6 points year over year). Of the extra revenue versus Q2 2025, 72% reached operating profit, above the 19% margin then. Total costs grew 11% against revenue growth of 31%. The fastest-growing cost line was Cost of revenue (+21%). Net earnings were $3.6M. The effective tax rate was 9.8%.
Operating cash flow was $8.9M (up 76% year over year), 243% of net income including minority interests. Non-cash charges added back $6.4M of depreciation and amortization and $51K of share-based compensation. Working capital and other items used $1.2M. Capital expenditures of $322K left free cash flow of $8.6M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q2 2026
10-Q
Aug 13, 2026
$15.5M
+31%
31.3%
$3.6M
$8.9M
Q1 2026
10-Q
May 14, 2026
$14.9M
+22%
23.4%
$2.9M
$8.3M
Q4 2025
10-K
Mar 31, 2026
$14.4M
+20%
10.8%
−$1.2M
$5.1M
Q3 2025
10-Q
Nov 13, 2025
$11.9M
+2%
7.5%
−$966K
$5.9M
Q2 2025
10-Q
Aug 14, 2025
$11.8M
+7%
18.7%
−$418K
$5.1M
Q1 2025
10-Q
May 14, 2025
$12.2M
+9%
24.8%
−$261K
$5.2M
Q4 2024
10-K
Mar 28, 2025
$12.1M
+11%
42.0%
$1.6M
$3.3M
Charts
Latest (Q2 2026): Y/Y +31%, Q/Q +4%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income $3.7M, Operating cash flow $8.9M.+109.4% since FY2023: more shares outstanding (issuance, stock pay).Cash $37.6M, short-term investments —, long-term debt — at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
About Sculptor Diversified Real Estate Income Trust
References herein to “Sculptor Diversified Real Estate Income Trust,” the “REIT,” “SDREIT,” “Company,” “we,” “us,” or “our” refer to Sculptor Diversified Real Estate Income Trust, Inc., a Maryland corporation, and its subsidiaries including Sculptor Diversified REIT Operating Partnership LP, a Delaware limited partnership, which we refer to herein as the “Operating Partnership” or “SDREIT OP,” unless the context specifically requires otherwise. Sculptor Diversified Real Estate Income Trust, Inc. is a Maryland corporation formed on February 11, 2022 for the principal purpose of investing in stabilized income-generating commercial real estate across a variety of both traditional and non-traditional sectors in the United States and Europe.
In its own words, from its 10-K, filed Mar 31, 2026.
Sculptor Diversified Real Estate Income Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +31% against the peers' median +14%. Operating margin: 31.3% against the peers' median 20.6%.