Filing Flows › Starwood Real Estate Income Trust (SWDR) › Q4 2024
Starwood Real Estate Income Trust (SWDR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 21, 2025
Starwood Real Estate Income Trust (SWDR) reported revenue of $417M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -2% from the quarter before. Operating margin was 63.3%, net loss $149M (35.6% of revenue).
Starwood Real Estate Income Trust, Q4 2024: revenue $417M (-1% year over year), operating margin 63.3%, net loss $149M, operating cash flow $76.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $417M | -2% | -1% |
| Operating profit | $264M | — | — |
| Net earnings | −$149M | — | — |
| Operating cash flow | $76.6M | -48% | -39% |
| Free cash flow | $17.5M | -81% | -75% |
What changed
Revenue was $417.1M in Q4 2024, down 1% year over year and down 2% from the previous quarter. Rental Revenue was the largest line at 98% of revenue.
Operating profit was $264.1M, a 63.3% margin (up 6.0 points year over year). Total costs fell 15% while revenue fell 1%. The quarter ended with a net loss of $148.6M, narrower than the previous quarter's $335.5M loss. Minority interests bore $7.7M of it: to shareholders the quarter was a loss of $140.9M. Net interest and other expense of $414.7M was the main reason.
Operating cash flow was $76.6M (down 39% year over year). Non-cash charges added back $184.8M of depreciation and amortization. Working capital and other items added $40.4M. Capital expenditures of $59.0M left free cash flow of $17.5M.
Questions
What was Starwood Real Estate Income Trust's revenue in the fourth quarter 2024?
Starwood Real Estate Income Trust (SWDR) reported revenue of $417M for the fourth quarter 2024 (Q4 2024), -1% from a year earlier and -2% from the quarter before.
Was Starwood Real Estate Income Trust profitable in the fourth quarter 2024?
Operating profit was $264M (63.3% of revenue) and net loss $149M.
Source: Starwood Real Estate Income Trust 10-K on SEC EDGAR.