Starwood Real Estate Income Trust Reports April Rent Collections Data, Distributions
April 30, 2020
As of April 27, 2020, Starwood Real Estate Income Trust, Inc. (the “Company”) has collected 95% of rent across all asset classes vs. 97% for the prior month at the same time. Listed below, along with the percentage each asset class comprises of the Company’s investments in real properties, is a breakdown of current rent collection:
• Multifamily (44%) is 94% collected vs. 97% the prior month at the same time
• Office (34%) is 95% collected vs. 97% prior month at the same time
• Industrial (9%) is 97% collected vs. 97% prior month at the same time
• Hotel (7%) occupancies declined from month-end March at 45% to 19% currently
• Medical Office (6%) is 93% collected vs. 95% prior month at the same time
The REIT also declared distributions payable to stockholders of record as of the close of business on April 30, 2020. The Gross Distribution for all classes of common stock (I, D, T & S) will be at the rate of $0.1035 per share. Net distributions after Stockholder Servicing Fees where applicable will be: $0.1035 for Class I, $0.0992 for Class D, $0.0888 for Class T, and $0.0887 for Class S shares.
The Gross Distribution rate for April 2019 was $0.0965 for all share classes. Year-over-year the Gross Distribution rate is 7.25% higher for April 2020.
Source: SEC
