Starwood REIT Files 8-K on Operations & Financial Condition

TL;DR

**Starwood REIT just dropped an 8-K on its financials, signaling an update on performance.**

AI Summary

Starwood Real Estate Income Trust, Inc. filed an 8-K on February 7, 2024, to report on its 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure.' This filing indicates that the company is providing an update on its financial performance and ensuring fair disclosure of material information. For investors, this matters because it signals transparency and provides current financial insights, which are crucial for evaluating the company's health and making informed investment decisions.

Why It Matters

This filing provides an update on Starwood Real Estate Income Trust, Inc.'s financial health, which is essential for investors to assess its performance and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial information and does not inherently present new risks, but rather provides data for risk assessment.

Analyst Insight

A smart investor would review the detailed financial information that will be disclosed or was disclosed under the 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' items to understand the company's current performance and any new material information.

Key Players & Entities

• Starwood Real Estate Income Trust, Inc. (company) — the registrant filing the 8-K
• February 7, 2024 (date) — the date of the earliest event reported and filing date
• Maryland (company) — state of incorporation for Starwood Real Estate Income Trust, Inc.
• 000-56046 (dollar_amount) — Commission File Number
• 82-2023409 (dollar_amount) — IRS Employer Identification No.
• 2340 Collins Avenue Miami Beach, FL 33139 (company) — address of principal executive offices
• 305-695-5500 (dollar_amount) — registrant's telephone number

FAQ

Key Financial Figures

• $25.2 billion — on As of December 31, 2023, SREIT has $25.2 billion of total asset value 4 and $10.4 billio
• $10.4 billion — 25.2 billion of total asset value 4 and $10.4 billion of net asset value ("NAV") 5 across 668
• $1,525 — rent in our rental housing portfolio is $1,525 per month, which is approximately 36% m
• $4.4 billion — ors with liquidity over time, including $4.4 billion of total liquidity provided since our i
• $1.1 billion — 2023, SREIT had access to approximately $1.1 billion of liquidity or 11% of NAV in the form

Filing Documents

• d751141d8k.htm (8-K) — 53KB
• 0001193125-24-026784.txt ( ) — 168KB
• ck0001711929-20240207.xsd (EX-101.SCH) — 3KB
• ck0001711929-20240207_lab.xml (EX-101.LAB) — 15KB
• ck0001711929-20240207_pre.xml (EX-101.PRE) — 9KB
• d751141d8k_htm.xml (XML) — 3KB

From the Filing

8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 7, 2024 STARWOOD REAL ESTATE INCOME TRUST, INC. (Exact Name of Registrant as Specified in its Charter) Maryland 000-56046 82-2023409 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 2340 Collins Avenue Miami Beach , FL 33139 (Address of principal executive offices, including zip code) (305) 695-5500 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act Soliciting material pursuant to Rule 14a-12 under the Exchange Act Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act Securities registered pursuant to Section 12(b) of the Act: None Title of each class Trading Symbol(s) Name of each exchange on which registered Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item2.02 Results of Operations and Financial Condition. The information discussed under Item 7.01 of this Current Report on Form 8-K (the "Current Report") is incorporated by reference into this Item 2.02. Item7.01 Regulation FD Disclosure. On February 7, 2024, Starwood Real Estate Income Trust, Inc., a Maryland corporation ("SREIT" or the "Company"), released a presentation providing certain information regarding the Company. The presentation is set forth below and is also posted on the Company's website at www.starwoodnav.reit under the resources section. References herein to "we," "us" or "our" refer to the Company and its subsidiaries unless the context specifically requires otherwise. SREIT Q4 2023 Update SREIT Achieves Five-Year Milestone Since our inception five years ago, SREIT has been focused on driving long-term value for investors and delivering on our core objectives, including providing stable, tax efficient income, capital appreciation over-time, a potential hedge against inflation, and limited correlation to the equity and fixed income markets. 1 We believe we have put together a portfolio of hand-selected, high-quality real estate, in the right sectors and markets, while also providing downside protection over the long-term in the way we have structured our balance sheet. This has translated to SREIT generating an annualized 8.2% total return net of fees over the last five years (Class I Share). 2 SREIT's current distribution yield is 5.4% as of January 31, 2024. For the fourth straight year, SREIT distributions will be considered 100% return of capital, which means the maximum effective federal tax rate on SREIT's 2023 distributions is 0% and the tax equivalent yield is approximately 8.6%. 3 Thank you to our investors for your support and the trust you have placed in us. We look forward to our continued partnership and the opportunities ahead. SREIT Portfolio Update We believe SREIT's portfolio continues to be well-positioned in the three key areas that matter today and drive performance over the long-term: asset class selection, market selection, and debt structuring. 1. Asset Class Selection As of December 31, 2023, SREIT has $25.2 billion of total asset value 4 and $10.4 billion of net asset value ("NAV") 5 across 668 different properties. We believe SREIT is 92% strategically allocated to asset classes that are well-positioned over the long-term, including 87% allocated to rental housing, industrial, and floating rate loans, and 5% in other sectors that are performing well, including extended stay hotels and net lease. Importantly, we have limited to no exposure to the more challenged sectors, including commodity office and retail. Rental Housing Update. 68% of SREIT's real estate is invested in rental housing where we own a mix of market rate apartments, affordable housing and single-family rentals. Full year rent growth across our market rate apartments was 4% and affordable housing was 8%. Occupancy remains high with our market rate apartments at 95% and affordable housing at 96%. One of the key drivers of

View Full Filing

View this 8-K filing on SEC EDGAR