other material
confidence high
sentiment negative
materiality 0.70
SREIT reports 2023 total return of -8.6%; 5-year annualized return 8.2%
Starwood Real Estate Income Trust, Inc.
- NAV $10.4B; total asset value $25.2B; distribution yield 5.4% as of Jan 31, 2024.
- 99% of secured property debt effectively fixed at 3.5% with 4.5 years duration; only 8% maturing 2024-2025.
- January 2024 repurchase requests ~42% lower than peak Jan 2023; liquidity $1.1B (11% of NAV).
- Portfolio 87% in rental housing (68%), industrial (13%), floating rate loans (6%); rent growth 4-8%.