secwatch.observer — SEC 8-K summary
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Issuer:     Starwood Real Estate Income Trust, Inc. (SWDR)
CIK:        0001711929
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001193125-24-140744
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Starwood REIT Q1 same-property NOI +7% YoY; sold $1.8B assets at $335M profit
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- Same-property NOI for Q1 2024 was $240.8M, up $15.0M or 7% YoY from $225.8M in Q1 2023.
- Net loss improved to $86.3M from $325.2M in Q1 2023, driven by no impairment in 2024 vs $79.8M in 2023.
- Since Q2 2023, sold ~$1.8B of multifamily, industrial and real estate loans, generating $335M profit and 14% IRR; 85% of GAV.
- As of April 30, 2024, liquidity of $752M (8% of NAV): $446M cash, $275M undrawn line (extended for 3 years), $31M liquid securities.
- Multifamily and industrial asset sales achieved 17% IRR and 1.7x multiple on invested capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711929/000119312524140744/0001193125-24-140744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711929/000119312524140744/d842411d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-140744

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