Filing Flows › Starwood Real Estate Income Trust (SWDR) › Q2 2026 › vs Q2 2025
Starwood Real Estate Income Trust (SWDR) Q2 2026 vs Q2 2025 (year over year)
Starwood Real Estate Income Trust's revenue rose $3.4M (+0.9%) from $395M in Q2 2025 to $398M in Q2 2026. The biggest changes: Rental Revenue +$3.2M (+0.8%); Real Estate Other +$204K (+3%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 19.4% | 19.4% | -0.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Rental Revenue | $390M | $387M | $3.2M | +0.8% |
| Real Estate Other | $7.9M | $7.7M | $204K | +3% |
| Revenue | $398M | $395M | $3.4M | +0.9% |
| Income tax benefit | $300K | $700K | −$400K | -57% |
| Net loss | $153M | $205M | −$52.3M | -25% |
| Costs & expenses | $551M | $601M | −$49.3M | -8% |
| Operating costs | $146M | $153M | −$7.1M | -5% |
| Interest & other, net | $405M | $448M | −$42.2M | -9% |
| General & admin | $9.6M | $9.0M | $607K | +7% |
| Other operating costs | $136M | $144M | −$7.7M | -5% |
| Operating cash sources | $259M | $318M | −$58.7M | -18% |
| Depreciation & amortization | $177M | $174M | $3.7M | +2% |
| Working capital & other | $81.7M | $144M | −$62.4M | -43% |
| Net loss absorbed | $153M | $205M | −$52.3M | -25% |
| Operating cash flow | $106M | $112M | −$6.4M | -6% |
| Free cash flow (OCF − capex) | $77.0M | $76.5M | $540K | +0.7% |
| Capital expenditures | $29.0M | $36.0M | −$6.9M | -19% |
Questions
How much did Starwood Real Estate Income Trust's revenue grow year over year in Q2 2026?
Starwood Real Estate Income Trust's revenue rose $3.4M (+0.9%) from $395M in Q2 2025 to $398M in Q2 2026.
What drove Starwood Real Estate Income Trust's revenue change in Q2 2026?
Rental Revenue +$3.2M (+0.8%); Real Estate Other +$204K (+3%).