M&A - STARWOOD PROPERTY TRUST, INC.

Form Type: 424B5

Filing Date: 2025-07-17

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925068700

Filing Summary: Starwood Property Trust, Inc. is offering 25,500,000 shares of common stock at a price of $19.70 per share, expecting total net proceeds of approximately $502.4 million before expenses. The underwriters have an option to purchase an additional 3,825,000 shares. The company recently signed an agreement to acquire Fundamental Income Properties, LLC for about $2.2 billion, incorporating $1.3 billion of existing debt. This acquisition will enhance Starwood's net lease portfolio and origination capabilities. The pending acquisition is not contingent on this offering and completion is expected by July 23, 2025. Preliminary results for the quarter ending June 30, 2025 project earnings per share between $0.36 and $0.38. A dividend of $0.48 per share was declared for the quarter ending September 30, 2025, payable on October 15, 2025, to stockholders of record as of September 30, 2025. These strategic moves aim to strengthen Starwood's position as a REIT and capitalize on market opportunities.

Form Type: 424B5

Filing Date: 2025-07-16

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925068357

Filing Summary: On July 16, 2025, Starwood Property Trust, Inc. entered into a definitive agreement to acquire all equity interests of Fundamental Income Properties, LLC for approximately $2.2 billion, including indebtedness. This acquisition involves assuming $1.3 billion of existing financing from Fundamental Income Properties. The company plans to fund this acquisition partly with proceeds from a public offering of 25,500,000 shares of common stock, expected to close on or about July 23, 2025. The acquisition aims to enhance Starwood's portfolio of net lease investments, providing strong, predictable cash flow and expanding its market capabilities while maintaining a high occupancy rate across a diversified tenant base. Additionally, the company reported preliminary expectations for earnings per share and dividend declarations ahead of the transaction, aligning with its goal of offering attractive risk-adjusted returns to investors.

Form Type: 8-K

Filing Date: 2025-07-16

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925068371

Filing Summary: On July 16, 2025, Starwood Property Trust, Inc. entered into a definitive agreement to acquire all equity interests of Fundamental Income Properties, LLC for approximately $2.2 billion, including existing debt of $1.3 billion. Fundamental Income Properties, owned mostly by Brookfield Asset Management, has a diversified portfolio of 467 properties across 44 states, totaling 12 million square feet and spanning various industries. The acquisition aims to enhance Starwood's capabilities in net lease investments and is expected to close around July 23, 2025. The company plans to finance the acquisition with cash on hand and capital markets funding. Preliminary results for Q2 2025 show expected earnings per diluted share range of $0.36 to $0.38 and a book value of approximately $6.42 billion. The board declared a dividend of $0.48 per share for Q3 2025, payable on October 15, 2025. The completion of the acquisition is subject to customary closing conditions, with potential risks noted if it does not close as expected, including financial market reactions and litigation risks.