earnings
confidence high
sentiment neutral
materiality 0.50
Starwood Real Estate Income Trust reports same property NOI up 5% YoY to $735.2M for 9M 2024; net loss $575.6M
Starwood Real Estate Income Trust, Inc.
2024-Q3 EPS reported
-$1.33
revenue$1,270,694,000
- Same property NOI of $735.2M for 9M 2024, up 5% from $699.4M in 9M 2023.
- Net loss widened to $575.6M from $414.2M, driven by higher interest expense and other expense.
- Interest expense increased to $477.7M from $437.9M; other expense rose to $214.3M from $86.5M.
- Impairment of investments decreased significantly to $1.8M from $188.8M.
- Depreciation and amortization was $557.4M vs $612.9M; management fees fell to $82.2M from $119.0M.