Filing Flows › Starwood Real Estate Income Trust (SWDR) › Q2 2026 › vs Q1 2026
Starwood Real Estate Income Trust (SWDR) Q2 2026 vs Q1 2026 (quarter over quarter)
Starwood Real Estate Income Trust's revenue rose $5.7M (+1%) from $392M in Q1 2026 to $398M in Q2 2026. The biggest changes: Rental Revenue +$4.3M (+1%); Real Estate Other +$1.4M (+21%).
Starwood Real Estate Income Trust, Q2 2026: revenue $398M (+0.9% year over year), operating margin 63.4%, net loss $153M, operating cash flow $106M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 19.4% | 7.7% | +11.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Rental Revenue | $390M | $386M | $4.3M | +1% |
| Real Estate Other | $7.9M | $6.6M | $1.4M | +21% |
| Revenue | $398M | $392M | $5.7M | +1% |
| Income tax benefit | $300K | $700K | −$400K | -57% |
| Net loss | $153M | $120M | $33.2M | +28% |
| Costs & expenses | $551M | $513M | $38.4M | +7% |
| Operating costs | $146M | $143M | $2.9M | +2% |
| Interest & other, net | $405M | $370M | $35.5M | +10% |
| General & admin | $9.6M | $10.2M | −$605K | -6% |
| Other operating costs | $136M | $133M | $3.5M | +3% |
| Operating cash sources | $259M | $174M | $85.0M | +49% |
| Depreciation & amortization | $177M | $178M | −$299K | -0.2% |
| Working capital & other | $81.7M | −$3.6M | $85.3M | — |
| Net loss absorbed | $153M | $120M | $33.2M | +28% |
| Operating cash flow | $106M | $54.2M | $51.8M | +96% |
| Free cash flow (OCF − capex) | $77.0M | $30.1M | $46.9M | +156% |
| Capital expenditures | $29.0M | $24.1M | $4.9M | +20% |
Questions
How much did Starwood Real Estate Income Trust's revenue grow quarter over quarter in Q2 2026?
Starwood Real Estate Income Trust's revenue rose $5.7M (+1%) from $392M in Q1 2026 to $398M in Q2 2026.
What drove Starwood Real Estate Income Trust's revenue change in Q2 2026?
Rental Revenue +$4.3M (+1%); Real Estate Other +$1.4M (+21%).