Filing Flows › Starwood Real Estate Income Trust (SWDR) › How it makes money
How Starwood Real Estate Income Trust (SWDR) makes money
Starwood Real Estate Income Trust (SWDR) made $398M of revenue in the second quarter 2026 (Q2 2026), +0.9% from a year earlier. Rental Revenue brought in $390M (98%); Real Estate Other brought in $7.9M (2%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Rental Revenue | $390M | 98.0% | +1% | +0.8% |
| Real Estate Other | $7.9M | 2.0% | +21% | +3% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $398M | 100.0% |
| Operating cash flow | $106M | 26.6% |
| Free cash flow | $77.0M | 19.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $398M | +0.9% |
| Q1 2026 | $392M | -2% |
| Q4 2025 | $392M | -6% |
| Q3 2025 | $394M | -7% |
| Q2 2025 | $395M | -6% |
| Q1 2025 | $400M | -6% |
| Q4 2024 | $417M | -1% |
From Starwood Real Estate Income Trust's 10-Q filed Aug 12, 2026 (on EDGAR).
Questions
How does Starwood Real Estate Income Trust make money?
Starwood Real Estate Income Trust (SWDR) made $398M of revenue in the second quarter 2026 (Q2 2026), +0.9% from a year earlier. Rental Revenue brought in $390M (98%); Real Estate Other brought in $7.9M (2%).
What is Starwood Real Estate Income Trust's biggest business?
Rental Revenue: $390M in the second quarter 2026, 98% of revenue, +0.8% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.