Starwood Real Estate Income Trust, Inc. Notes to Consolidated Financial Statements
15. Segment Reporting The Company operates in seven reportable segments: Multifamily properties, Single-family rental properties, Industrial properties, Office properties, Self-Storage properties, Investments in real estate debt and Other properties. The CODM is the Company’s Chief Executive Officer, who manages the Company, including allocating resources and evaluating results based on the performance of each segment individually. The Company believes that segment net operating income is the key performance metric that captures the unique operating characteristics of each segment. The Company allocates resources and evaluates results based on the performance of each segment individually. All property revenue and property operating expenses are disaggregated by operating segment. The CODM does not evaluate general and administrative expenses, management fee expenses, depreciation and amortization expense, interest expense, other expense, net, impairment of investments in real estate, net gains on dispositions of real estate, or losses on extinguishment of debt, by segment. The following table sets forth the total assets by segment ($ in thousands):
December 31, 2024
December 31, 2023
Multifamily
$
14,451,751 $
15,161,836 408,097 2,820,658 1,651,347 357,724 1,589,350 1,022,284 102,678 23,113,974
Single-family rental
341,271 2,442,951 1,571,229 349,301 852,461 829,068 153,957
Industrial
Office
Self-storage
Investments in real estate debt
Other properties (1) Other (Corporate)
Total assets
$
20,991,989 $
(1) Other properties includes hospitality, medical office and retail properties and two investments in unconsolidated real estate ventures.
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