Starwood Property Trust shares fall 4.12% premarket after announcing $2.2 billion acquisition of Fundamental Income Properties.

Starwood Property Trust, Inc. fell 4.12% in premarket trading, with the company announcing its acquisition of Fundamental Income Properties for about $2.2 billion. The deal includes 467 properties across 44 states and will be funded through cash on hand, debt, and equity capital. Starwood Property Trust will assume Fundamental's existing financing facilities totaling $1.3 billion. The acquisition is expected to be accretive to distributable earnings and solidify the company's position as a leading diversified REIT.