Starwood Real Estate Income Trust, Inc. Consolidated Statements of Operations and Comprehensive Loss (in thousands, except share and per share data)
For the Year Ended December 31,
2024
2023
2022
Revenues
Rental revenue Other revenue
$ 1,649,291 $ 1,695,917 $ 1,520,655
38,494
58,401
58,693
Total revenues
1,687,785
1,754,318
1,579,348
Expenses
Property operating
714,991 47,048 105,356
748,522 45,144 153,411
650,594 44,708 167,100
General and administrative
Management fees
Performance participation allocation Impairment of investments in real estate Depreciation and amortization
—
— 102,348
150,392 742,220 1,760,007
188,804 811,788 1,947,669
—
848,943 1,813,693
Total expenses
Other (expense) income (Loss) income from unconsolidated real estate ventures Income from investments in real estate debt, net
(13,435) 95,755 87,108 (641,420) (179,994) (651,986) —
(11,624) 123,138 289,818 (583,476) (299,930) (482,167) (93)
12,189 99,787
Net gain on dispositions of real estate
—
Interest expense
(428,853)
Loss on extinguishment of debt Other (expense) income, net Total other (expense) income
(313)
485,608 168,418 (65,927)
Net loss
$
(724,208) $
(675,518) $
Net loss (income) attributable to non-controlling interests in consolidated joint ventures Net loss attributable to non-controlling interests in Operating Partnership Net loss attributable to stockholders Net loss per share of common stock, basic and diluted
$
3,228 $
(3,350) $
(1,927)
36,097
29,165
2,146
$ $
(684,883) $
(649,703) $
(65,708)
(1.68) $
(1.39) $
(0.14)
Weighted-average shares of common stock outstanding, basic and diluted
408,242,726
467,332,784
469,864,983
Comprehensive loss: Net loss
$
(724,208) $
(675,518) $
(65,927)
Other comprehensive (loss) income item: Foreign currency translation adjustments Other comprehensive (loss) income
(35,027)
8,578
(23,777) (23,777) (89,704)
$ $
(35,027) $ (759,235) $
8,578 $
Comprehensive loss
(666,940) $
See accompanying notes to consolidated financial statements.
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