SREIT 2024 Annual Report

Starwood Real Estate Income Trust, Inc. Notes to Consolidated Financial Statements

The following table sets forth the financial results by segment for the year ended December 31, 2024 ($ in thousands):

Single- Family Rental

Investments in Real Estate Debt

Self- Storage

Multifamily

Industrial

Office

Other

Total

Revenues:

Rental revenue Other revenue Total revenues Expenses: Property operating

$ 1,218,669 $ 21,346 $ 183,244 $ 166,586 $ 27,702 $ 31,744 $

— $ 1,649,291 — 38,494 — 1,687,785 — 714,991 — 714,991

15,133

663

212

— 22,486

1,233,802

21,346

183,907

166,798

27,702

54,230

559,566 559,566

10,396 10,396

46,071 46,071

60,784 60,784

11,120 11,120

27,054 27,054

Total segment expenses Loss from unconsolidated real estate ventures Income from investments in real estate debt, net Segment net operating income

— (13,435)

— (13,435)

— —

95,755

95,755

$ 674,236 $ 10,950 $ 137,836 $ 106,014 $ 16,582 $ 13,741 $

95,755 $ 1,055,114

General and administrative

(47,048) (105,356) (150,392) (742,220) (641,420) (179,994) 87,108

Management fees

Impairment of investments in real estate Depreciation and amortization Net gain on dispositions of real estate

Interest expense Other expense, net

Net loss

$ (724,208)

Net loss attributable to non-controlling interests in consolidated joint ventures Net loss attributable to non-controlling interests in Operating Partnership

3,228 36,097

Net loss attributable to stockholders

$ (684,883)

143

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