Starwood Real Estate Income Trust, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.58B | $1.69B | $1.75B | $1.58B | $642.9M | $298.4M | $94.3M | $0 |
| Cost of Revenue | $676.6M | $715.0M | $748.5M | $650.6M | $248.7M | $113.2M | $42.0M | — |
| Gross Profit | $904.3M | $972.8M | $1.01B | $928.8M | $394.3M | $185.2M | $52.3M | — |
| Gross Margin | 57.2% | 57.6% | 57.3% | 58.8% | 61.3% | 62.1% | 55.5% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $39.1M | $47.0M | $45.1M | $44.7M | $25.4M | $8.6M | $4.5M | $1.7M |
| Operating Income | $965.5M | $1.06B | $1.12B | $1.04B | $438.8M | $191.0M | $62.7M | $-1.7M |
| Operating Margin | 61.1% | 62.5% | 63.7% | 65.9% | 68.3% | 64.0% | 66.5% | — |
| Interest Expense | $636.1M | $641.4M | $583.5M | $428.9M | $134.1M | $80.8M | $25.3M | — |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $-3.2M | $-10.1M | $-5.0M | $-2.1M | $700.0K | $1.2M | $100.0K | $0 |
| Net Income | $-691.6M | $-684.9M | $-649.7M | $-65.7M | $-302.3M | $-96.3M | $-20.8M | $-1.7M |
| Net Margin | -43.7% | -40.6% | -37.0% | -4.2% | -47.0% | -32.3% | -22.1% | — |
| EPS (Basic) | $-1.74 | $-1.68 | $-1.39 | $-0.14 | $-0.75 | $-0.23 | $-0.15 | $-1.10 |
| EPS (Diluted) | $-1.74 | $-1.68 | $-1.39 | $-0.14 | $-0.75 | $-0.23 | $-0.15 | $-1.10 |
| Shares Outstanding (Basic) | 397.6M | 408.2M | 467.3M | 469.9M | 406.6M | 429.0M | 272.1M | 49.2M |
| Shares Outstanding (Diluted) | 397.6M | 408.2M | 467.3M | 469.9M | 406.6M | 429.0M | 272.1M | 49.2M |
| Dividends Per Share | — | — | — | — | — | — | — | $0.00 |