Starwood Real Estate Income Trust, Inc. (SWDR) Operating Expenses (2018 - 2026)
Starwood Real Estate Income Trust (SWDR) posted Operating Expenses of $372.2 million for Q2 2026, up 0.1% from $371.74 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Starwood Real Estate Income Trust, Inc. (SWDR) Operating Expenses (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Starwood Real Estate Income Trust was $1.51 billion, down 11.0% year-over-year; for FY2025, it came in at $1.51 billion, down 14.0% from FY2024.
- Annual Operating Expenses shows a five-year compound annual growth rate of 37.1% (FY2020 to FY2025).
- In prior years, Starwood Real Estate Income Trust's Operating Expenses was $1.76 billion in FY2024 (-9.6%), $1.95 billion in FY2023 (+7.4%), $1.81 billion in FY2022 (+108.2%) and $870.97 million in FY2021 (+179.0%).
- Quarterly Operating Expenses has run from a low of $251.01 million in Q3 2021 to a high of $558.15 million in Q2 2023 over five years.
- On a year-over-year basis, Operating Expenses increased in two of the last eight quarters, with an average decline of 4.3%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q1 2022, with growth of 318.4%; the weakest was Q4 2025, with a decline of 30.0%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $368.43 million (Q1 2026), $377.36 million (Q4 2025) and $387.73 million (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 372.20 Mn |
| Mar 31, 2026 | 368.43 Mn |
| Dec 31, 2025 | 377.36 Mn |
| Sep 30, 2025 | 387.73 Mn |
| Jun 30, 2025 | 371.74 Mn |
| Mar 31, 2025 | 376.38 Mn |
| Dec 31, 2024 | 539.28 Mn |
| Sep 30, 2024 | 403.87 Mn |
| Jun 30, 2024 | 406.31 Mn |
| Mar 31, 2024 | 410.54 Mn |
| Dec 31, 2023 | 423.04 Mn |
| Sep 30, 2023 | 443.80 Mn |
| Jun 30, 2023 | 558.15 Mn |
| Mar 31, 2023 | 522.68 Mn |
| Dec 31, 2022 | 369.41 Mn |
| Sep 30, 2022 | 491.24 Mn |
| Jun 30, 2022 | 465.58 Mn |
| Mar 31, 2022 | 487.46 Mn |
| Dec 31, 2021 | 354.61 Mn |
| Sep 30, 2021 | 251.01 Mn |
API Access
Starwood Real Estate Income Trust, Inc. Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SWDR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SWDR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SWDR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();