Starwood Real Estate Income Trust, Inc. Notes to Consolidated Financial Statements
The following table details the effect of the Company’s derivative financial instruments in the Consolidated Statements of Operations and Comprehensive Loss ($ in thousands): For the Year Ended December 31, Type of Derivative Net Realized/Unrealized (Loss) Gain 2024 2023 2022 Interest Rate Caps - Property debt Unrealized (loss) gain (1) $ (212,711) $ (305,693) $ 498,696 Interest Rate Swaps - Property debt Unrealized (loss) gain (1) (9,031) (26,468) 32,972 Foreign Currency Forward Contracts Unrealized gain (loss) (2) 62,680 (67,466) 30,556 Foreign Currency Forward Contracts Realized gain (1) 14,034 26,112 57,176 Interest Rate Caps - Property debt Realized gain (1) 1,831 26,778 — Interest Rate Swaps - Property debt Realized gain (1) 179 12,088 — Total $ (143,018) $ (334,649) $ 619,400 (1) Included in Other (expense) income, net in the Company’s Consolidated Statements of Operations and Comprehensive Loss. (2) A portion of this amount is included in Income from investments in real estate debt, net and the remaining amount is included in Other (expense) income, net in the Company’s Consolidated Statements of Operations and Comprehensive Loss. 11. Equity and Redeemable Non-controlling Interests Authorized Capital The Company is authorized to issue preferred stock and four classes of common stock consisting of Class T shares, Class S shares, Class D shares, and Class I shares. The Company’s board of directors has the ability to establish the preferences and rights of each class or series of preferred stock, without stockholder approval, and as such, it may afford the holders of any series or class of preferred stock preferences, powers and rights senior to the rights of holders of common stock. The differences among the common share classes relate to upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees. See Note 2 for a further description of such items. Other than the differences in upfront selling commissions, dealer manager fees and ongoing stockholder servicing fees, each class of common stock is subject to the same economic and voting rights. As of December 31, 2024, the Company had the authority to issue 3,100,000,000 shares of capital stock, consisting of the following:
Number of Shares
Classification Preferred Stock Class T Shares Class S Shares Class D Shares Class I Shares
Par Value
100,000,000 $ 500,000,000 $ 1,000,000,000 $ 500,000,000 $ 1,000,000,000 $ 3,100,000,000
0.01 0.01 0.01 0.01 0.01
Total
134
Made with FlippingBook flipbook maker