| Net Income Per Common Share |
11. Net Income Per Common Share Net income per common share for the three and six months ended June 30, 2025 and 2024, is computed as follows (in thousands, except for share and per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, |
|
|
For the Six Months Ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Starwood Credit Real Estate Income Trust |
|
$ |
|
6,591 |
|
|
$ |
|
1,530 |
|
|
$ |
|
12,655 |
|
|
$ |
|
2,570 |
|
Weighted-average common shares outstanding, basic |
|
|
|
12,301,032 |
|
|
|
|
7,230,612 |
|
|
|
|
11,805,619 |
|
|
|
|
5,420,360 |
|
Basic net income per common share |
|
$ |
|
0.54 |
|
|
$ |
|
0.21 |
|
|
$ |
|
1.07 |
|
|
$ |
|
0.47 |
|
Diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to Starwood Credit Real Estate Income Trust |
|
$ |
|
6,591 |
|
|
$ |
|
1,530 |
|
|
$ |
|
12,655 |
|
|
$ |
|
2,570 |
|
Weighted-average common shares outstanding, diluted(1) |
|
|
|
12,302,358 |
|
|
|
|
7,232,007 |
|
|
|
|
11,806,572 |
|
|
|
|
5,421,381 |
|
Diluted net income per common share |
|
$ |
|
0.54 |
|
|
$ |
|
0.21 |
|
|
$ |
|
1.07 |
|
|
$ |
|
0.47 |
|
__________________ (1)Diluted earnings per share takes into account the effect of dilutive instruments, such as unvested common share awards. As of June 30, 2025, 2,932 unvested common shares were outstanding. |