Tue, May 13, 4:34 PM (36 days ago)
**Starwood Credit Real Estate Income Trust (SCREIT) - Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Q1 2025 revenue was $17.1 million, up from $5.7 million in Q1 2024, driven by increased loan origination activity. - **Profit Margins:** Net income for Q1 2025 was $6.1 million, significantly higher than $1.0 million in Q1 2024. - **Cash Flow:** Net cash provided by operating activities was $5.1 million, up from $1.7 million in Q1 2024. Net cash used in investing activities was $101.3 million, and net cash provided by financing activities was $103.2 million. **Key Metrics:** - **Earnings Changes:** Basic and diluted net income per common share was $0.54 for Q1 2025, compared to $0.29 in Q1 2024. - **Distributions:** Declared monthly net distributions totaled approximately $4.3 million for Q1 2025. **Quarterly Performance Discussion:** - **Investments:** Originated three floating-rate senior commercial real estate loans with a total commitment amount of $102.3 million and a total outstanding principal amount of $99.7 million. - **Financing:** Received net borrowings of $90.9 million from secured financing facilities. **Trends & Uncertainties:** - **Market Conditions:** The company is exposed to certain foreign currency risk from its investments in securities denominated in currencies other than the U.S. dollar. - **Economic Dependency:** The company relies on the Advisor and its affiliates for services essential to its operations, including the sale of common shares and origination, acquisition, and disposition decisions. **Future Operations Impact:** - **Capital Raising:** Raised approximately $19.0 million of net proceeds from the sale of common shares through the continuous offering during Q1 2025. - **Investment Activity:** Originated three commercial real estate loans with an aggregate outstanding principal amount of $94.6 million and a total loan amount of $109.6 million post-Q1 2025. **Ticker:** SCREIT is not publicly traded and has no ticker symbol as it is a non-listed, perpetual-life REIT.