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Starwood Real Estate Income Trust vs Rayonier: SWDR and RYN compared
Starwood Real Estate Income Trust is the larger company: $398M of revenue in its latest quarter (Q2 2026) against $396M for Rayonier (Q2 2026). Rayonier is growing faster (+272% against +0.9% a year earlier). Starwood Real Estate Income Trust is more profitable, with an operating margin of 63.4% against 8.7%.
Where the money goes: SWDR and RYN
Starwood Real Estate Income Trust (SWDR) · Q2 2026
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 follows the revenue to costs, profit and cash.
Rayonier (RYN) · Q2 2026
Rayonier, Q2 2026: revenue $396M (+272% year over year), operating margin 8.7%, net earnings $19.1M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Starwood Real Estate Income Trust (SWDR) | Rayonier (RYN) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $398M | $396M |
| Revenue growth, Y/Y | +0.9% | +272% |
| Operating margin | 63.4% | 8.7% |
| Net earnings | −$153M | $19.1M |
| Net margin | -38.5% | 4.8% |
| Operating cash flow | $106M | $111M |
| Free cash flow | $77.0M | $83.2M |
| Market value | — | $5.5B |
| P/E | — | 82.1× |
| Analysts’ mean target | — | $23.67 |
Where the revenue comes from
Starwood Real Estate Income Trust
- Rental Revenue: $390M (98%)
- Real Estate Other: $7.9M (2%)
Rayonier
- Total Wood Products Sales: $196M (49%)
- Lumber: $158M (40%)
- Stumpage Pay-as-Cut: $23.9M (6%)
- Total Non-Timber Sales: $18.4M (5%)
Questions
Which is bigger, Starwood Real Estate Income Trust or Rayonier?
Starwood Real Estate Income Trust is the larger company: $398M of revenue in its latest quarter (Q2 2026) against $396M for Rayonier (Q2 2026).
Is Starwood Real Estate Income Trust or Rayonier growing faster?
Rayonier is growing faster (+272% against +0.9% a year earlier).
Which is more profitable, Starwood Real Estate Income Trust or Rayonier?
Starwood Real Estate Income Trust is more profitable, with an operating margin of 63.4% against 8.7%.
More: Starwood Real Estate Income Trust earnings · how Starwood Real Estate Income Trust makes money · Rayonier earnings · how Rayonier makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.