m_and_a
confidence high
sentiment positive
materiality 0.85
Starwood Property Trust to acquire $2.2B net lease platform; Q2 prelim EPS $0.36-$0.38
STARWOOD PROPERTY TRUST, INC.
- Acquisition of Fundamental Income Properties for ~$2.2B inclusive of debt; 467 properties, 92 tenants, 17-year weighted avg lease term.
- Transaction expected to close July 23, 2025; funded with cash on hand, debt, and equity; accretive to distributable earnings.
- Preliminary Q2 GAAP EPS $0.36-$0.38; Distributable EPS $0.42-$0.44, includes $44M realized loss on Houston office sale.
- Q3 dividend declared: $0.48/share payable Oct 15, 2025 to holders of record Sep 30, 2025.
- Portfolio is 100% occupied with 0% credit losses since inception; management highlights strong credit profile.
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