Rental Revenue was Starwood Real Estate Income Trust’s largest product and service line in fiscal 2025, bringing in $1.16B of $1.19B (97%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Rental Revenue | $1.07B | $1.22B | $1.22B | $1.16B | |||
| Hospitality Revenue | — | — | — | — | |||
| Other Revenue | $47.54M | $48.00M | $22.70M | $31.53M | |||
| Total | $1.12B | $1.26B | $1.24B | $1.19B |
Starwood Real Estate Income Trust brought in $1.19B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $1.55B it reports by statement business segments, so these lines do not cover all of its revenue. Rental Revenue was the largest at $1.16B (97.4%), ahead of Other Revenue at $31.53M (2.6%).
Compared with fiscal 2024, Other Revenue grew 38.9% to $31.53M, while Rental Revenue fell 4.7% to $1.16B.
Multifamily Properties was Starwood Real Estate Income Trust’s largest segment in fiscal 2025, bringing in $1.16B of $1.55B (75%).
| Statement Business Segments | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Multifamily Properties | $1.07B | $1.22B | $1.22B | $1.16B | |||
| Office Properties | $136.60M | $157.75M | $166.80M | $167.03M | |||
| Industrial Properties | $178.00M | $203.42M | $183.24M | $151.36M | |||
| Other Properties | $47.12M | $119.05M | $80.79M | $69.63M | |||
| Hotel Properties | — | — | — | — | |||
| Single-Family Rental Units | $73.56M | — | — | — | |||
| Self-Storage Properties | $26.61M | — | — | — | |||
| Medical Office Properties | — | — | — | — | |||
| Total | $1.53B | $1.70B | $1.65B | $1.55B |
Starwood Real Estate Income Trust brought in $1.55B from its four segments in fiscal 2025, the year ended December 31, 2025. That was down 6.0% from $1.65B in fiscal 2024. Multifamily Properties was the largest at $1.16B (75.0%), ahead of Office Properties at $167.03M (10.8%) and Industrial Properties at $151.36M (9.8%). The remaining segment, Other Properties, brought in $69.63M.
Compared with fiscal 2024, Office Properties grew fastest, up 0.1% to $167.03M, while Industrial Properties fell the most, down 17.4% to $151.36M.
Starwood Real Estate Income Trust stopped reporting Single-Family Rental Units ($73.56M in fiscal 2022) and Self-Storage Properties ($26.61M in fiscal 2022) as separate segments.
Starwood Real Estate Income Trust (SWDR) reports its revenue by product and service and by statement business segments. In fiscal 2025, Rental Revenue was its largest product and service line, bringing in $1.16B (97.4% of the total), followed by Other Revenue at $31.53M (2.6%).
Rental Revenue was Starwood Real Estate Income Trust's largest product and service line in fiscal 2025, bringing in $1.16B, or 97.4% of the $1.19B total across its two product and service lines.
Multifamily Properties was Starwood Real Estate Income Trust's largest segment in fiscal 2025, bringing in $1.16B, or 75.0% of the $1.55B total across its four segments.
Other Revenue grew faster than Rental Revenue in fiscal 2025, up 38.9% from $22.70M to $31.53M. Rental Revenue fell 4.7% to $1.16B.
Every figure comes from Starwood Real Estate Income Trust's annual financial filings, as reported. Each line keeps the name Starwood Real Estate Income Trust gives it, and years follow its fiscal calendar.
Starwood Real Estate Income Trust's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.