Starwood Real Estate Income Trust, Inc. Consolidated Balance Sheets (in thousands, except share and per share data)
December 31, 2024
December 31, 2023
Assets Investments in real estate, net Investments in real estate debt
$ 17,830,254 $ 19,580,358
852,461 420,861 281,512 241,422 1,365,479
1,589,350 456,002 294,984 245,651 947,629
Investments in unconsolidated real estate ventures
Cash and cash equivalents
Restricted cash Other assets Total assets
$ 20,991,989 $ 23,113,974
Liabilities and Equity Mortgage notes and secured credit facilities, net Secured financings on investments in real estate debt, net
$ 12,744,587 $ 13,028,910
467,988 1,362,000 447,095
762,352 907,500 484,358 13,225 320,957
Unsecured line of credit
Other liabilities
Subscriptions received in advance
1,113
Due to affiliates
275,601
Total liabilities
15,298,384
15,517,302
Commitments and contingencies Redeemable non-controlling interests
—
—
434,878
459,862
Equity Preferred stock, $0.01 par value per share, 100,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and December 31, 2023 Common stock — Class T shares, $0.01 par value per share, 500,000,000 shares authorized; 5,055,645 and 5,282,025 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively Common stock — Class S shares, $0.01 par value per share, 1,000,000,000 shares authorized; 181,391,241 and 195,023,616 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively Common stock — Class D shares, $0.01 par value per share, 500,000,000 shares authorized; 25,928,114 and 27,512,551 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively Common stock — Class I shares, $0.01 par value per share, 1,000,000,000 shares authorized; 189,397,713 and 202,990,052 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively
—
—
51
53
1,814
1,950
259
275
1,894
2,030
Additional paid-in capital
8,932,123
9,641,219
Accumulated other comprehensive loss Accumulated deficit and cumulative distributions
(50,756)
(15,729)
(3,691,379) 5,194,006
(2,537,302) 7,092,496
Total stockholders’ equity
Non-controlling interests in consolidated joint ventures
64,721
44,314
Total equity
5,258,727
7,136,810
Total liabilities and equity
$ 20,991,989 $ 23,113,974
See accompanying notes to consolidated financial statements.
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