Starwood Real Estate Income Trust reports 7% same property NOI growth; net loss of $414M

Starwood Real Estate Income Trust, Inc.

2023-Q3 EPS reported -$0.83 revenue$1,331,136,000

Same property NOI for nine months ended Sep 30, 2023: $551.3M, up 7% YoY from $515.3M.
Net loss of $414.2M for nine months vs net income of $56.4M in prior year, driven by $188.8M impairment and higher interest expense.
Impairment of investments in real estate of $188.8M in current period vs zero in prior year.
Interest expense increased to $437.9M from $306.7M year-over-year.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Starwood Real Estate Income Trust, Inc. reported preliminary financial results for the nine months ended September 30, 2023.

Period: the nine months ended September 30, 2023
Result: preliminary results

Exact text from the filing

On November 20, 2023, Starwood Real Estate Income Trust, Inc., a Maryland corporation (“SREIT” or the “Company”), announced unaudited same property net operating income (“NOI”) for the nine months ended September 30, 2023, which increased approximately 7% from the same period in the prior year.

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Starwood Real Estate Income Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-280518

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