SREIT 2024 Annual Report

Starwood Real Estate Income Trust, Inc. Consolidated Statements of Changes in Equity (in thousands)

Par Value

Accumulated Other Comprehensive Loss

Accumulated Deficit and Cumulative Distributions

Common Stock Class T

Common Stock Class S

Common Stock Class D

Common Stock Class I

Additional Paid-in Capital

Total Stockholders’ Equity

Non- controlling Interests

Total Equity

Balance at December 31, 2021 Common stock issued, net

$

46 $

1,544 $

221 $

1,636 $ 7,388,885 $

(530)

$

(757,575)

$ 6,634,227 $

39,491 $

6,673,718 5,421,657 (195,642) 221,093

11 —

809

105

1,093

5,419,639 (195,642) 221,011

— — — — —

— — — —

5,421,657 (195,642) 221,093

— — — — —

Offering costs, net

— 37 —

— 37 —

Distribution reinvestments

1

7

Amortization of restricted stock grants Common stock repurchased Net loss ($2,146 allocated to redeemable non-controlling interest) Contributions from non-controlling interests Distributions to non-controlling interests Distributions declared on common stock (see Note 11) Allocation to redeemable non-controlling interest Other comprehensive loss

894

894

894

(1)

(144)

(23)

(321)

(1,346,819)

— (1,347,308)

(1,347,308)

(65,708)

(65,708)

1,927

(63,781)

— — — —

— — — —

— — — —

— — — —

— — — —

— —

— —

— —

14,899 (2,291)

14,899 (2,291)

(531,973)

(531,973) (23,777)

— —

(531,973) (23,777)

(23,777)

(21,698)

(21,698)

(21,698)

Balance at December 31, 2022

$ $

57 $

2,246 $

310 $

2,445 $ 11,466,270 $

(24,307)

$

(1,355,256)

$ 10,091,765 $

54,026 $

10,145,791

Common stock issued (transferred)

(1)

$

49 $

(2)

$

148 $

502,396 $

— $

— $

502,590 $

— $

502,590 59,039 207,385

Offering costs, net

— 37 —

— 38 —

59,039 207,306

— — — —

— — —

59,039 207,385

— — — —

Distribution reinvestments

1

3

Amortization of restricted stock grants Common stock repurchased Net loss ($29,165 allocated to redeemable non-controlling interest) Contributions from non-controlling interests Distributions to non-controlling interests Distributions declared on common stock (see Note 11) Other comprehensive income Allocation to redeemable non-controlling interest

840

840

840

(4)

(382)

(36)

(601)

(2,609,472)

— (2,610,495)

(2,610,495)

(649,703)

(649,703)

3,350

(646,353)

— — — —

— — — —

— — — —

— — — —

— — — —

— —

— —

— —

510

510

(13,572)

(13,572)

(532,343)

(532,343)

— —

(532,343)

8,578

8,578

8,578

14,840

14,840

14,840

Balance at December 31, 2023

$ $

53 $

1,950 $

275 $

2,030 $ 9,641,219 $

(15,729)

$

(2,537,302)

$ 7,092,496 $

44,314 $

7,136,810

Common stock issued (transferred)

(2)

$

2 $

3 $

95 $

222,752 $

— $

— $

222,850 $

— $

222,850

Offering costs, net

— 37 —

— 32 —

(1,156)

— — — —

— — —

(1,156)

(622)

(1,778)

Distribution reinvestments

1

5

171,003

171,078

— — —

171,078

Amortization of restricted stock grants Common stock repurchased Net loss ($36,097 allocated to redeemable non-controlling interest) Contributions from non-controlling interests Distributions to non-controlling interests Distributions declared on common stock (see Note 11) Allocation to redeemable non-controlling interest Other comprehensive loss

840

840

840

(1)

(175)

(24)

(263)

(1,065,378)

— (1,065,841)

(1,065,841)

(684,883)

(684,883)

(3,228)

(688,111)

— — — —

— — — —

— — — —

— — — —

— — — —

— —

— —

— —

26,567 (2,310)

26,567 (2,310)

(469,194)

(469,194) (35,027)

— —

(469,194) (35,027)

(35,027)

(37,157)

(37,157)

(37,157)

Balance at December 31, 2024

$

51 $

1,814 $

259 $

1,894 $ 8,932,123 $

(50,756)

$

(3,691,379)

$ 5,194,006 $

64,721 $

5,258,727

See accompanying notes to consolidated financial statements.

114

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