Security
STARWOOD REAL ESTATE INCOME TR INC COM CL S · SWDS
SWDSOTCCommon stockCurrentCIK 1711929Updated Nov 2, 2026
SWDS price & chart
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OTC:SWDS on TradingView ↗About the company
Starwood Capital Group is a private investment firm with a core focus on real assets globally. Since its inception in 1991, Starwood Capital Group has raised over $80 billion of capital, and currently has ~$115 billion of assets under management. Through a series of comingled opportunity funds and Starwood Real Estate Income Trust, Inc. (SREIT), a non-listed REIT, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving.
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Items 8.01
4 filing
424B3 filing
Other Events
Items 8.01
424B3 filing
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 19,166,092,000Source | 21,682,048,000Source | 18,604,556,000Source | 19,365,230,000Source | 21,970,230,000Source | 18,744,559,000Source | 19,624,544,000Source | 22,690,825,000Source | 18,917,862,000Source | 20,991,989,000Source | 23,113,974,000Source | 26,764,853,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 243,842,000Source | 262,875,000Source | 207,304,000Source | 240,173,000Source | 293,837,000Source | 211,144,000Source | 270,366,000Source | 316,144,000Source | 200,806,000Source | 281,512,000Source | 294,984,000Source | 643,516,000Source |
| Accounts Receivable | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Operating Lease, Right-of-Use AssetUSD | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source | 105,230,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 14,451,237,000Source | 15,656,268,000Source | 14,798,631,000Source | 14,278,726,000Source | 15,458,887,000Source | 14,680,344,000Source | 14,229,082,000Source | 15,676,412,000Source | 14,550,271,000Source | 15,298,384,000Source | 15,517,302,000Source | 16,191,963,000Source |
| Stockholders’ equity: | ||||||||||||
| Retained Earnings (Accumulated Deficit)USD | -4,576,936,000Source | -3,434,675,000Source | -5,294,957,000Source | -4,293,722,000Source | -3,001,856,000Source | -5,068,956,000Source | -3,984,319,000Source | -2,739,431,000Source | -4,842,847,000Source | -3,691,379,000Source | -2,537,302,000Source | -1,355,256,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 20,318,000Source | -6,968,000Source | 10,815,000Source | 18,987,000Source | -30,088,000Source | 13,797,000Source | -28,548,000Source | -25,342,000Source | 22,499,000Source | -50,756,000Source | -15,729,000Source | -24,307,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,226,688,000Source | 5,535,172,000Source | 3,326,618,000Source | 4,588,386,000Source | 6,014,992,000Source | 3,582,693,000Source | 4,900,617,000Source | 6,508,616,000Source | 3,886,130,000Source | 5,194,006,000Source | 7,092,496,000Source | 10,091,765,000Source |
| Additional Paid in Capital, Common StockUSD | 8,779,351,000Source | 8,972,783,000Source | 8,606,880,000Source | 8,859,130,000Source | 9,042,890,000Source | 8,633,963,000Source | 8,909,476,000Source | 9,269,243,000Source | 8,702,558,000Source | 8,932,123,000Source | 9,641,219,000Source | 11,466,270,000Source |
| Liabilities and EquityUSD | 19,166,092,000Source | 21,682,048,000Source | 18,604,556,000Source | 19,365,230,000Source | 21,970,230,000Source | 18,744,559,000Source | 19,624,544,000Source | 22,690,825,000Source | 18,917,862,000Source | 20,991,989,000Source | 23,113,974,000Source | 26,764,853,000Source |
| Deferred Income Tax Liabilities, NetUSD | 35,240,000Source | 30,728,000Source | 34,931,000Source | 35,321,000Source | 30,739,000Source | 35,222,000Source | 37,579,000Source | 32,599,000Source | 35,567,000Source | 35,485,000Source | 35,792,000Source | 42,383,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 79,904,000Source | 51,702,000Source | 89,186,000Source | 79,187,000Source | 45,863,000Source | 88,805,000Source | 71,398,000Source | 43,512,000Source | 82,360,000Source | 64,721,000Source | 44,314,000Source | 54,026,000Source |
| Additional Financial Items | ||||||||||||
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | 207,300,000Source | — | — | 211,100,000Source | — | — | 527,800,000Source | — | — | — |
| Dividends PayableUSD | 40,260,000Source | 40,764,000Source | 28,874,000Source | 40,562,000Source | 40,815,000Source | 39,653,000Source | 40,555,000Source | 41,625,000Source | 39,888,000Source | 40,612,000Source | 43,044,000Source | 49,306,000Source |
| Long-term DebtUSD | 11,978,910,000Source | 12,976,910,000Source | 12,020,099,000Source | 11,970,401,000Source | 12,964,888,000Source | 11,969,195,000Source | 11,924,839,000Source | 12,975,325,000Source | 11,957,210,000Source | 12,744,587,000Source | 13,028,910,000Source | 14,355,458,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 408,263,000Source | 438,906,000Source | 390,121,000Source | 418,931,000Source | 450,488,000Source | 392,717,000Source | 423,447,000Source | 462,285,000Source | 399,101,000Source | 434,878,000Source | 459,862,000Source | 427,099,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -178,869,000Source | -335,477,000Source | -153,026,000Source | -205,330,000Source | -119,868,000Source | -187,574,000Source | -733,049,000Source | -724,208,000Source | -675,518,000Source | -65,927,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 54,214,000Source | 85,246,000Source | 345,612,000Source | 429,191,000Source | 556,567,000Source | 594,911,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -2,082,000Source | 1,115,823,000Source | 1,187,196,000Source | 914,537,000Source | 2,231,720,000Source | -6,486,694,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 120,313,000Source | 87,328,000Source | 472,943,000Source | 1,065,841,000Source | 2,611,115,000Source | 1,347,308,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -46,725,000Source | -1,214,706,000Source | -1,641,752,000Source | -1,365,034,000Source | -3,193,911,000Source | 5,911,019,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 6,775,000Source | -17,396,000Source | -97,674,000Source | -17,701,000Source | -415,974,000Source | 16,054,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 190,731,000Source | 206,545,000Source | 792,799,000Source | 965,385,000Source | 913,268,000Source | 442,971,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | 1,368,000Source | -3,759,000Source | 11,270,000Source | 3,605,000Source | -10,350,000Source | -3,182,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 6,058,000Source | 7,197,000Source | 24,878,000Source | 22,252,000Source | 35,111,000Source | 37,573,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | — | 207,300,000Source | — | 211,100,000Source | — | 527,800,000Source | — | — | — |
| Dividends PayableUSD | — | — | 40,260,000Source | 40,764,000Source | 28,874,000Source | 40,562,000Source | 39,653,000Source | 40,555,000Source | 39,888,000Source | 40,612,000Source | 43,044,000Source | 49,306,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | — | 27,000,000Source | -41,100,000Source | 14,800,000Source | -49,500,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | — | — | — | 10,119,000Source | 644,000Source | 26,956,000Source | -41,062,000Source | 14,786,000Source | -49,536,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | — | — | — | — | 8,600,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | -1,775,000Source | 0Source | -2,356,000Source | 0Source | -5,247,000Source | 0Source | -93,000Source | -313,000Source |
| Gains (Losses) on Sales of Investment Real EstateUSD | — | — | -3,239,000Source | -225,000Source | -958,000Source | 14,087,000Source | -65,000Source | 9,690,000Source | 21,081,000Source | 87,108,000Source | 289,818,000Source | — |
| General and Administrative ExpenseUSD | — | — | 10,289,000Source | 9,683,000Source | 9,634,000Source | 9,027,000Source | 10,239,000Source | 9,654,000Source | 39,054,000Source | 47,048,000Source | 45,144,000Source | 44,708,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -4,280,000Source | -4,692,000Source | -2,876,000Source | -4,525,000Source | -2,927,000Source | -1,829,000Source | -13,519,000Source | -13,435,000Source | -11,624,000Source | 12,189,000Source |
| Income Tax Expense (Benefit)USD | — | — | -1,700,000Source | 1,900,000Source | -300,000Source | -700,000Source | -700,000Source | -400,000Source | -3,200,000Source | -10,100,000Source | -5,000,000Source | 2,100,000Source |
| InterestExpenseNonoperatingUSD | — | — | 159,915,000Source | 165,520,000Source | 182,826,000Source | 150,891,000Source | 172,317,000Source | 152,227,000Source | 636,067,000Source | 641,420,000Source | — | — |
| Marketable Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | 41,152,000Source | -89,952,000Source | -264,081,000Source | -153,827,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -168,511,000Source | -316,960,000Source | -144,236,000Source | -193,897,000Source | -112,854,000Source | -177,180,000Source | -691,616,000Source | -684,883,000Source | -649,703,000Source | -65,708,000Source |
| Nonoperating Income (Expense)USD | — | — | -185,093,000Source | -356,459,000Source | -178,779,000Source | -228,127,000Source | -143,717,000Source | -211,464,000Source | -800,783,000Source | -651,986,000Source | -482,167,000Source | 168,418,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -34,752,000Source | -207,535,000Source | -12,569,000Source | -105,292,000Source | 13,805,000Source | -86,734,000Source | -241,740,000Source | -179,994,000Source | -299,930,000Source | 485,608,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 13,589,000Source | 0Source | 31,861,000Source | 17,752,000Source | 1,688,000Source | 64,252,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 3,205,000Source | 7,053,000Source | 34,508,000Source | 100,127,000Source | 305,275,000Source | 4,762,264,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 1,931,520,000Source | 74,088,000Source | 3,067,171,000Source | 1,257,514,000Source | 2,371,482,000Source | — |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | — | — | — | 8,320,000Source | 11,361,000Source | 29,503,000Source | 26,567,000Source | 510,000Source | 14,899,000Source |
| Gain (Loss) on Disposition of Assets | — | — | —Source | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 393,950,000Source | 424,849,000Source | 397,954,000Source | 394,535,000Source | 392,280,000Source | 400,265,000Source | 1,580,929,000Source | 1,687,785,000Source | 1,754,318,000Source | 1,579,348,000Source |
| Cost of RevenueUSD | — | — | 172,369,000Source | 183,574,000Source | 165,147,000Source | 166,879,000Source | 160,119,000Source | 171,105,000Source | 676,635,000Source | 714,991,000Source | 748,522,000Source | 650,594,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | 234,394,000Source | 258,096,000Source | 252,156,000Source | 241,625,000Source | 249,377,000Source | 246,967,000Source | 965,484,000Source | 1,055,114,000Source | 1,117,310,000Source | 1,040,730,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -34,752,000Source | -207,535,000Source | -12,569,000Source | -105,292,000Source | 13,805,000Source | -86,734,000Source | -241,740,000Source | -179,994,000Source | -299,930,000Source | 485,608,000Source |
| Income Tax Expense (Benefit)USD | — | — | -1,700,000Source | 1,900,000Source | -300,000Source | -700,000Source | -700,000Source | -400,000Source | -3,200,000Source | -10,100,000Source | -5,000,000Source | 2,100,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -168,511,000Source | -316,960,000Source | -144,236,000Source | -193,897,000Source | -112,854,000Source | -177,180,000Source | -691,616,000Source | -684,883,000Source | -649,703,000Source | -65,708,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.42Source | -0.79Source | -0.37Source | -0.49Source | -0.29Source | -0.44Source | -1.74Source | -1.68Source | -1.39Source | -0.14Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.42Source | -0.79Source | -0.37Source | -0.49Source | -0.29Source | -0.44Source | -1.74Source | -1.68Source | -1.39Source | -0.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 396,747,527Source | 403,615,752Source | 387,210,745Source | 399,564,483Source | 389,628,622Source | 400,996,211Source | 397,596,192Source | 408,242,726Source | 467,332,784Source | 469,864,983Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 396,747,527Source | 403,615,752Source | 387,210,745Source | 399,564,483Source | 389,628,622Source | 400,996,211Source | 397,596,192Source | 408,242,726Source | 467,332,784Source | 469,864,983Source |
| Interest Expense (non-operating)USD | — | — | 159,915,000Source | 165,520,000Source | 182,826,000Source | 150,891,000Source | 172,317,000Source | 152,227,000Source | 636,067,000Source | 641,420,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related CostsUSD | — | — | — | — | — | — | — | — | — | — | — | 42,600,000Source |
| Costs and ExpensesUSD | — | — | 387,726,000Source | 403,867,000Source | 372,201,000Source | 371,738,000Source | 368,431,000Source | 376,375,000Source | 1,513,195,000Source | 1,760,007,000Source | 1,947,669,000Source | 1,813,693,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 178,267,000Source | 185,138,000Source | 177,347,000Source | 173,654,000Source | 177,646,000Source | 172,850,000Source | 704,765,000Source | 742,220,000Source | 811,788,000Source | 848,943,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | — | — | — | — | — | — | 27,000,000Source | -41,100,000Source | 14,800,000Source | -49,500,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | — | — | — | — | — | 10,119,000Source | 644,000Source | 26,956,000Source | -41,062,000Source | 14,786,000Source | -49,536,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | — | — | — | — | — | — | — | — | 8,600,000Source | — |
| Gains (Losses) on Sales of Investment Real EstateUSD | — | — | -3,239,000Source | -225,000Source | -958,000Source | 14,087,000Source | -65,000Source | 9,690,000Source | 21,081,000Source | 87,108,000Source | 289,818,000Source | — |
| General and Administrative ExpenseUSD | — | — | 10,289,000Source | 9,683,000Source | 9,634,000Source | 9,027,000Source | 10,239,000Source | 9,654,000Source | 39,054,000Source | 47,048,000Source | 45,144,000Source | 44,708,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -4,280,000Source | -4,692,000Source | -2,876,000Source | -4,525,000Source | -2,927,000Source | -1,829,000Source | -13,519,000Source | -13,435,000Source | -11,624,000Source | 12,189,000Source |
| Interest ExpenseUSD | — | — | -159,915,000Source | -165,520,000Source | -182,826,000Source | -150,891,000Source | -172,317,000Source | -152,227,000Source | 636,067,000Source | 641,420,000Source | 583,476,000Source | 428,853,000Source |
| Lease IncomeUSD | — | — | 384,637,000Source | 414,932,000Source | 390,016,000Source | 386,801,000Source | 385,714,000Source | 394,050,000Source | 1,549,669,000Source | 1,649,291,000Source | 1,695,917,000Source | 1,520,655,000Source |
| Management Fee ExpenseUSD | — | — | 21,678,000Source | 23,690,000Source | 20,073,000Source | 22,178,000Source | 20,427,000Source | 22,766,000Source | 87,618,000Source | 105,356,000Source | 153,411,000Source | 167,100,000Source |
| Nonoperating Income (Expense)USD | — | — | -185,093,000Source | -356,459,000Source | -178,779,000Source | -228,127,000Source | -143,717,000Source | -211,464,000Source | -800,783,000Source | -651,986,000Source | -482,167,000Source | 168,418,000Source |
Offerings
Registration 333-288705
Filing attachments
ck0001711929-ex4_2.htm · 10-K · 2026-03-20
EXHIBIT 4.2 DESCRIPTION OF CAPITAL STOCK References herein to “we,” “us,” or “our” refer to Starwood Real Estate Income Trust, Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise. We were formed under the laws of the State of Maryland. The rights of our stockholders are governed by Maryland law as well as our charter and bylaws. The following summary of the terms of our stock is a summary of all material provisions concerning our stock and sto…
Read attachment ↗ck0001711929-ex99_1.htm · 8-K · 2025-06-13
EXHIBIT 99.1 EXPLANATORY NOTE Starwood Real Estate Income Trust, Inc. is filing this exhibit (this “Exhibit”) to the Current Report on Form 8-K solely to recast reportable segment financial information and related disclosures included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, originally filed with the Securities and Exchange Commission on March 21, 2025 (the “2024 Form 10-K”), to reflect changes implemented during the first quarter of 2025, as des…
Read attachment ↗ck0001711929-ex99_1.htm · 8-K · 2025-05-14
EX-99.1 2 ck0001711929-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 SREIT Appoints Nora Creedon Chief Executive Officer MIAMI BEACH, Fla., May 14, 2025 - Starwood Real Estate Income Trust, Inc. (“SREIT”), a non-listed REIT managed by Starwood Capital Group (“Starwood Capital”), today announced that Nora Creedon, a seasoned real estate investment executive with nearly two decades of REIT leadership experience, has been appointed SREIT’s President and Chief Executive Officer effective July 28, 2…
Read attachment ↗