Starwood REIT narrows repurchase plan, trims monthly distribution

Rhea-AI Filing Summary

Starwood Real Estate Income Trust, Inc. amended its share repurchase plan effective April 29, 2026 to limit accepted repurchase requests to (i) full repurchases upon the death or qualifying disability of a natural-person stockholder and (ii) full repurchases for accounts with balances below $5,000, each subject to a monthly cap of $5,000,000. The company also reduced its monthly distribution beginning with the record date of April 30, 2026; the Board stated distributions remain discretionary and will be evaluated by the Advisor and the Board.

Insights

REIT Strategy Analyst

SRP narrowed to limited hardship/small-account exits; distributions reduced.

The amendment confines repurchases to death/disability cases for natural persons and to accounts under $5,000, with an aggregate cap of $5,000,000 per month. This formalizes who may access liquidity under the plan and restricts other repurchase pathways.

The Board also lowered the monthly distribution effective for holders of record on April 30, 2026. The filing states the Board and Advisor will reassess the distribution rate; the timing and amount remain at the Board's discretion and are not quantified in this supplement.

Key Figures

SRP monthly cap: $5,000,000 Account repurchase threshold: $5,000 SRP amendment effective date: April 29, 2026 +1 more

4 metrics

SRP monthly cap $5,000,000 monthly repurchase limit per Supplement dated April 29, 2026

Account repurchase threshold $5,000 accounts with balance below $5,000 are eligible for full repurchase under SRP

SRP amendment effective date April 29, 2026 effective date of Board amendment to the SRP

Distribution record date referenced April 30, 2026 holders of record as of the close of business on this date affected by reduced distribution

Key Terms

share repurchase plan, monthly distribution, Prospectus Supplement

3 terms

share repurchase plan financial

"amended our share repurchase plan (the “SRP”), beginning with repurchases"

A share repurchase plan is when a company uses cash to buy its own stock from the market, reducing the number of shares available to investors. This matters because fewer shares can make each remaining share represent a larger piece of ownership and boost earnings-per-share—like slicing a pizza into fewer pieces so each slice is bigger—and it can signal management thinks the stock is undervalued, though it also means cash won’t be used for other purposes.

monthly distribution financial

"We are reducing the monthly distribution paid on our common stock"

Prospectus Supplement regulatory

"This prospectus supplement (“Supplement”) is part of and should be read"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did SWDR make to its share repurchase plan on April 29, 2026?

The Board limited repurchase requests to full repurchases upon a natural-person stockholder's death or qualifying disability and to accounts under $5,000. Both categories are subject to a monthly cap of $5,000,000.

When does the reduced SWDR monthly distribution take effect?

The reduction applies beginning with the distribution to holders of record as of the close of business on April 30, 2026. The filing states the Board made the change and will continue to evaluate the rate.

How large is the monthly repurchase cap in the amended SRP?

The amended share repurchase plan sets a monthly repurchase limit of $5,000,000 for eligible full repurchases tied to death/disability or accounts below $5,000.

Does the supplement state the new monthly distribution amount for SWDR?

No. The supplement discloses that the monthly distribution is reduced effective for the April 30, 2026 record date but does not state the new dollar amount or percentage change.

Who decides future distribution levels for Starwood Real Estate Income Trust?

The Board of Directors has discretion over timing and amount of distributions. The filing says the Advisor and the Board will continue to evaluate the distribution rate based on market conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 05:05 PM EDT Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-288705

STARWOOD REAL ESTATE INCOME TRUST, INC.

SUPPLEMENT NO. 2 DATED APRIL 29, 2026

TO THE PROSPECTUS DATED APRIL 7, 2026

This prospectus supplement (“Supplement”) is part of and should be read in conjunction with the prospectus of Starwood Real Estate Income Trust, Inc., dated April 7, 2026 (as supplemented to date, the “Prospectus”). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus. References herein to the “Company,” “we,” “us,” or “our” refer to Starwood Real Estate Income Trust, Inc. and its subsidiaries unless the context specifically requires otherwise.

The purposes of this Supplement are as follows:

•to provide an update regarding our share repurchase plan; and

•to provide an update regarding our distributions

Share Repurchases

Effective April 29, 2026, our board of directors (the “Board”) amended our share repurchase plan (the “SRP”), beginning with repurchases submitted during the month of April 2026 such that (i) repurchase requests made upon the death or qualifying disability of a stockholder who is a natural person will be repurchased in full to the extent there are available funds up to a limit of $5 million per month; and (ii) repurchase requests for accounts having a balance below $5,000 will be repurchased in full to the extent there are available funds up to a limit of $5 million per month. As a result, no repurchase requests will be accepted except in connection with (i) and (ii) above.

Distributions

We are reducing the monthly distribution paid on our common stock commencing with the distribution to holders of record as of the close of business on April 30, 2026. The Advisor and the Board considered a range of factors in making this determination, including making our distribution in line with other public, non-listed REITs and preserving long-term value for our stockholders. The Advisor and the Board will continue to evaluate our distribution rate based on market conditions. The timing and amount of distributions are at the discretion of the Board and, as such, no assurance can be made as to the amount of any future distributions.

SREIT-SUP2-0426

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