SWDS: the balance sheet

MyFinsight

Balance Sheets	2026-06-30
Investments in real estate, net	16,605,904
Investment in real estate debt	948,779
Investments in unconsolidated real estate ventures	281,793
Cash and cash equivalents	207,304
Restricted cash	241,059
Intangible assets, net	127,326
Receivables	93,186
Derivative instruments	65,444
Prepaid expenses	15,369
Deferred financing costs, net	8,685
Deferred transaction offering costs	5,851
Interest receivable	237
Other	3,619
Other assets	319,717
Total assets	18,604,556

Principal balance outstanding	12,083,755
Deferred financing costs, net	57,260
Discount on assumed debt, net	6,396
Mortgage notes and secured credit facilities, net	12,020,099
Secured financings on investment in real estate debt, net	572,391
Unsecured line of credit	1,550,000
Other liabilities	436,558
Subscriptions received in advance	0
Due to affiliates	219,583
Total liabilities	14,798,631
Redeemable non-controlling interests	390,121
Common stock value-Common Class T	45
Common stock value-Common Class S	1,727
Common stock value-Common Class D	243
Common stock value-Common Class I	1,865
Additional paid-in capital	8,606,880
Accumulated other comprehensive income (loss)	10,815
Accumulated deficit and cumulative distributions	-5,294,957
Total stockholders equity	3,326,618
Non-controlling interests in consolidated joint ventures	89,186
Total equity	3,415,804
Total liabilities and equity	18,604,556

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.