2024 SREIT Highlights
Key Portfolio Metrics as of December 31, 2024
658 Number of Properties
$23.9B Total Asset Value 6
$9.2B Net Asset Value 7
94% Occupancy 8
58% Leverage 9
Asset Class Selection
Market Selection ~80% Concentrated in the Southeast and Southwest U.S.
92% 88%
Allocated to Asset Classes with Strong Long-Term Fundamentals
Rental Housing, Industrial and Real Estate Loans
1%
13%
2%
21%
~30% In the Two Fastest Growing States: Florida and Texas
4%
2% <1%
Other sectors with strong long-term fundamentals
4%
7%
1%
8% In International Markets for Further Diversification
Market-Rate Apartments Affordable Housing Industrial Single-Family Rental Real Estate Loans
Self-Storage Extended Stay Hotel
49%
Office Other
Other includes Medical Office and Retail
Debt Structuring
SREIT Balance Sheet
12%
3.8% Weighted Average Interest Rate 3.6 years Average Remaining Duration
Only 7% of SREIT’s Debt Financing is rolling through 2025
88%
Fixed-Rate or Hedged* Floating-Rate
* Secured property debt; includes fixed-rate debt plus floating rate debt that is hedged with interest rate caps and swaps that are lower than the current SOFR rate.
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SREIT | 2024 YEAR-END LETTER
FOR SREIT STOCKHOLDERS ONLY
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