| Schedule of 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.
|