Starwood Real Estate Income Trust, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $398.0M | $392.3M | $394.0M | $394.5M | $400.3M | — | $424.8M | $421.8M |
| Cost of Revenue | $165.1M | $160.1M | $172.4M | $166.9M | $171.1M | — | $183.6M | $180.5M |
| Gross Profit | $232.8M | $232.2M | $221.6M | $227.7M | $229.2M | — | $241.3M | $241.3M |
| Gross Margin | 58.5% | 59.2% | 56.2% | 57.7% | 57.3% | — | 56.8% | 57.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $9.6M | $10.2M | $10.3M | $9.0M | $9.7M | — | $9.7M | $13.4M |
| Operating Income | $252.2M | $249.4M | $234.4M | $241.6M | $247.0M | — | $258.1M | $251.9M |
| Operating Margin | 63.4% | 63.6% | 59.5% | 61.2% | 61.7% | — | 60.8% | 59.7% |
| Interest Expense | $-182.8M | $-172.3M | $-159.9M | $-150.9M | $-152.2M | — | $-165.5M | $-158.2M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $-300.0K | $-700.0K | $-1.7M | $-700.0K | $-400.0K | — | $1.9M | $1.8M |
| Net Income | $-144.2M | $-112.9M | $-168.5M | $-193.9M | $-177.2M | — | $-317.0M | $-145.7M |
| Net Margin | -36.2% | -28.8% | -42.8% | -49.1% | -44.3% | — | -74.6% | -34.5% |
| EPS (Basic) | $-0.37 | $-0.29 | $-0.42 | $-0.49 | $-0.44 | — | $-0.79 | $-0.36 |
| EPS (Diluted) | $-0.37 | $-0.29 | $-0.42 | $-0.49 | $-0.44 | — | $-0.79 | $-0.36 |
| Shares Outstanding (Basic) | 387.2M | 389.6M | 396.7M | 399.6M | 401.0M | 401.8M | 403.6M | 406.5M |
| Shares Outstanding (Diluted) | 387.2M | 389.6M | 396.7M | 399.6M | 401.0M | 401.8M | 403.6M | 406.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |