SWDR on OTC

Starwood Real Estate Income Trust, Inc.

American real estate investment trust based in Baltimore, active since 2017. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$1.6BRevenue, fiscal 20253
-$691.6MNet income, fiscal 20253

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  • TickerSWDR on OTC2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersBaltimore, United States2
  • Incorporated inMD4
  • Business address2340 Collins Avenue, Miami Beach, Fl 331394
  • Filer categoryNon-accelerated filer4
  • Legal formStock Corporation2
  • LEI5493001K8NJSB0VWJ6352
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O The Corporation Trust Incorporated, 21093-2264 Baltimore, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D180882862

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References herein to “Starwood Real Estate Income Trust,” “Company,” “we,” “us,” or “our” refer to Starwood Real Estate Income Trust, Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise.125 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

61.1%Operating margin3
-43.7%Net margin3
-6.3%Revenue growth, 20253
-17.8%Return on equity3
3.08×Debt to equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Rental brought in 50% of the revenue Starwood Real Estate Income Trust, Inc. broke down this way in fiscal 2025.

  1. Rental$1.5B350%down 6% from 2024
  2. Rental Revenue$1.5B350%down 6% from 2024
  3. Real Estate, Other$31.3M31%down 19% from 2024
Products and services by year
Products and services202320242025
Rental$1.7B$1.6B$1.5B
Rental Revenue$1.7B$1.6B$1.5B
Real Estate, Other$58.4M$38.5M$31.3M

Business segments

Multifamily brought in 75% of the revenue Starwood Real Estate Income Trust, Inc. broke down this way in fiscal 2025.

  1. Multifamily$1.2B375%down 4% from 2024
  2. Office Building$167.0M311%up 0% from 2024
  3. Industrial$151.5M310%down 18% from 2024
  4. Other Property$82.7M35%down 20% from 2024
Business segments by year
Business segments202320242025
Multifamily$1.2B$1.2B$1.2B
Office Building$157.7M$166.8M$167.0M
Industrial$203.4M$183.9M$151.5M
Other Property$166.8M$103.3M$82.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue43¢$676.6M
  • Other costs17¢$265.0M
  • Interest40¢$636.1M
  • Income tax0¢$3.2M

Out of $1.6B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid42¢$341.8M
  • Share buybacks58¢$472.9M

Out of $345.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue1261271281291303$1.6B in 2025
0$500.0M$1.0B$1.5B$2.0B2018: $0$020182019: $94.3M$94.3M20192020: $298.4M$298.4M2020+216%2021: $642.9M$642.9M2021+115%2022: $1.6B$1.6B2022+146%2023: $1.8B$1.8B2023+11%2024: $1.7B$1.7B2024−4%2025: $1.6B$1.6B2025−6%
Operating income1311281291303$965.5M in 2025+1441% since 2019
0$500.0M$1.0B$1.5B2019: $62.7M$62.7M20192020: $191.0M$191.0M2020+205%2021: $438.8M$438.8M2021+130%2022: $1.0B$1.0B2022+137%2023: $1.1B$1.1B2023+7%2024: $1.1B$1.1B2024−6%2025: $965.5M$965.5M2025−8%
Net income1311271281291303-$691.6M in 2025+40752% since 2018
-$800.0M-$600.0M-$400.0M-$200.0M02018: -$1.7M-$1.7M20182019: -$20.8M-$20.8M2019+1130%2020: -$96.3M-$96.3M2020+362%2021: -$302.3M-$302.3M2021+214%2022: -$65.7M-$65.7M2022−78%2023: -$649.7M-$649.7M2023+889%2024: -$684.9M-$684.9M2024+5%2025: -$691.6M-$691.6M2025+1%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total revenues$1.6B$1.7B$1.8B
Property operating$676.6M$715.0M$748.5M
General and administrative$39.1M$47.0M$45.1M
Management fees$87.6M$105.4M$153.4M
Performance participation allocation$0$0$0
Impairment of investments in real estate$5.1M$150.4M$188.8M
Depreciation and amortization$704.8M$742.2M$811.8M
Total expenses$1.5B$1.8B$1.9B
Loss from unconsolidated real estate ventures-$13.5M-$13.4M-$11.6M
Income from investments in real estate debt, net$74.7M$95.8M$123.1M
Net gain on dispositions of real estate$21.1M$87.1M$289.8M
Interest expense-$636.1M-$641.4M-$583.5M
Loss on extinguishment of debt-$5.2M$0-$93.0K
Other expense, net-$241.7M-$180.0M-$299.9M
Total other expense-$800.8M-$652.0M-$482.2M
Net loss (income) attributable to non-controlling interests in consolidated joint ventures$4.7M$3.2M-$3.4M
Net loss attributable to non-controlling interests in Operating Partnership$36.7M$36.1M$29.2M
Net loss attributable to stockholders-$691.6M-$684.9M-$649.7M
Net loss per share of common stock, basic-$1.74-$1.68-$1.39
Net loss per share of common stock, diluted-$1.74-$1.68-$1.39
Weighted-average shares of common stock outstanding, basic397.6M shares408.2M shares467.3M shares
Weighted-average shares of common stock outstanding, diluted397.6M shares408.2M shares467.3M shares
Net loss-$733.0M-$724.2M-$675.5M
Foreign currency translation adjustments$73.3M-$35.0M$8.6M
Other comprehensive (loss) income$73.3M-$35.0M$8.6M
Comprehensive loss-$659.8M-$759.2M-$666.9M

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Leadership

Who has led Starwood Real Estate Income Trust, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Nora Creedon2025–now

President

  1. Sean Harris2021–2023

Chief financial officer

  1. Chris Lowthert2021–2024
  2. Joseph Nieto2025–now
20202025
Board members and other officers (16)

Subsidiaries and ownership

Subsidiaries (GLEIF)

Also consolidated

All 119 also consolidated

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Aug 29, 2025New chief executive Nora Creedon becomes CEO137
  2. Jun 22, 2017Founded Starwood Real Estate Income Trust, Inc. is founded2

Filings

425 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 84 major events, 184 insider forms, 137 other. The latest 20:

  1. Sep 30, 20268-K EDGAR
  2. Sep 16, 2026424B3 EDGAR
  3. Sep 4, 20264 EDGAR
  4. Sep 3, 20264 EDGAR
  5. Aug 31, 20268-K EDGAR
  6. Aug 20, 20264 EDGAR
  7. Aug 20, 20264 EDGAR
  8. Aug 20, 20264 EDGAR
  9. Aug 20, 20264 EDGAR
  10. Aug 20, 20264 EDGAR
  11. Aug 20, 20264 EDGAR
  12. Aug 19, 20264 EDGAR
  13. Aug 14, 2026424B3 EDGAR
  14. Aug 12, 20268-K EDGAR
  15. Aug 12, 2026POS EX EDGAR
  16. Aug 12, 202610-Q EDGAR
  17. Aug 4, 2026424B3 EDGAR
  18. Aug 4, 20268-K EDGAR
  19. Jul 31, 20268-K EDGAR
  20. Jul 17, 2026424B3 EDGAR

The 425 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

31 open-market trades by officers, directors and large owners since October 2021: 1 buys and 30 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 1, 2026Nowlin AustinDirectorSale11,743$19.75$231.9KForm 4
Apr 1, 2026Nieto JosephChief Financial OfficerSale2,583$19.75$51.0KForm 4
Apr 1, 2026Guttin Matthew SSee RemarksSale3,256$19.75$64.3KForm 4
Apr 1, 2026STERNLICHT BARRY SDirectorSale941,662$19.75$18.6MForm 4
Apr 1, 2025STERNLICHT BARRY SDirectorSale811,079$21.48$17.4MForm 4
Apr 1, 2025Guttin Matthew SSee RemarksSale3,256$21.48$69.9KForm 4
Apr 1, 2025Nowlin AustinDirectorSale11,743$21.48$252.2KForm 4
Apr 1, 2025Nieto JosephChief Financial OfficerSale2,928$21.48$62.9KForm 4
Apr 1, 2024Lowthert ChrisChief Financial OfficerSale2,737$23.08$63.2KForm 4
Apr 1, 2024Guttin Matthew SSee RemarksSale3,116$23.08$71.9KForm 4
Apr 1, 2024STERNLICHT BARRY SDirectorSale973,000$23.08$22.5MForm 4
Apr 1, 2024Deason MarkHead of Asset & Portfolio MgmtSale1,716$23.08$39.6KForm 4
Apr 1, 2024Nowlin AustinDirectorSale9,902$23.08$228.5KForm 4
Apr 1, 2024Harris SeanSee RemarksSale18,014$23.08$415.8KForm 4
Apr 1, 2024McCarthy John PatrickVice Chairman of the BoardSale18,307$23.08$422.5KForm 4
Dec 1, 2023McCarthy John PatrickVice Chairman of the BoardSale12,212$24.62$300.7KForm 4
May 1, 2023STERNLICHT BARRY SDirectorSale814,151$25.54$20.8MForm 4
Apr 3, 2023GRAHAM CHRISTOPHER D.Chief Investment OfficerSale7,445$26.12$194.5KForm 4
Apr 3, 2023Harris SeanSee RemarksSale19,298$26.12$504.1KForm 4
Apr 3, 2023Nowlin AustinDirectorSale11,640$26.12$304.0KForm 4

All 31 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
First American Trust, Fsb18,661$364.7K0.0%+122
Financial Gravity Companies, Inc.2,228$43.5K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

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