Starwood REIT Reports Nearly 1% Decrease in Monthly Total NAV, but Increase in Each Share Class

The total net asset value for Starwood Real Estate Income Trust Inc. declined again in February 2024, this time by 0.93% month-over-month, from approximately $10.31 billion on Jan. 31, 2024, to approximately $10.21 billion. For the same period, the real estate investment trust met 40% of stockholder redemption requests.

Starwood REIT is a publicly registered non-traded REIT sponsored by Starwood Capital Group.

Its declared monthly NAV per share as of Feb. 29, 2024, was as follows:

Class S shares had a NAV per share of $23.27, compared to $23.14 per share the previous month, a 0.56% increase.

Class T shares had a NAV per share of $23.29, compared to $23.15 per share the previous month, a 0.61% increase.

Class D shares had a NAV per share of $22.84, compared to $22.71 per share the previous month, a 0.57% increase.

Class I shares had a NAV per share of $23.09 compared to $22.96 per share the previous month, a 0.57% increase.

In February 2024, Starwood REIT received repurchase requests totaling approximately $488 million. As per the terms of its share repurchase plan, it honored all repurchase requests for February 2024 on a pro rata basis up to the 2% monthly limitation. As such, approximately 40% of each stockholder’s February repurchase request was satisfied.

Starwood REIT is currently offering on a continuous basis up to $18 billion in shares of common stock, consisting of up to $16 billion in shares of its primary offering and up to $2 billion in shares pursuant to its distribution reinvestment plan. As of March 14, 2024, Starwood REIT had issued and sold 46.7 million shares of its common stock in the primary offering for total proceeds of approximately $1.3 billion, and nearly 13.2 million shares of its common stock pursuant to its distribution reinvestment plan for a total value of approximately $0.3 billion.

The number of shares outstanding totaled about 441 million as of Feb. 29, 2024, compared to 447.7 million the previous month.

Starwood Real Estate Income Trust launched in December 2017 and invests in stabilized real estate across the United States and Europe.

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