Starwood Real Estate Income Trust (SWDR) Operating Expenses (2018 - 2026)

Starwood Real Estate Income Trust (SWDR) has 9 years of Operating Expenses data on file, last reported at $368.4 million in Q1 2026.

• Quarterly Operating Expenses fell 2.11% year-over-year to $368.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (down 12.78% YoY) and the FY2025 annual result came in at $1.5 billion, down 14.02% from the prior year.
• Operating Expenses declined to $368.4 million in Q1 2026 per SWDR's latest filing, from $377.4 million in the prior quarter.
• Across five years, Operating Expenses topped out at $558.2 million in Q2 2023 and bottomed at $368.4 million in Q1 2026.
• The 5-year median for Operating Expenses is $410.5 million (2024), against an average of $435.5 million.
• The widest annual swing landed in 2022, when Operating Expenses soared 318.38%; it then tumbled 30.03% in 2025.
• Tracing SWDR's Operating Expenses over 5 years: stood at $369.4 million in 2022, then increased by 14.52% to $423.0 million in 2023, then grew by 27.48% to $539.3 million in 2024, then plunged by 30.03% to $377.4 million in 2025, then fell by 2.37% to $368.4 million in 2026.
• Per Business Quant, the three latest SWDR Operating Expenses figures stand at $368.4 million (Q1 2026), $377.4 million (Q4 2025), and $387.7 million (Q3 2025).

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