2Q24 Update: Streitwise Share Price & Dividend Increase

Effective July 1st, the share price (NAV) for Streitwise will increase to $7.14/share. This marks our third consecutive quarterly share price increase, reflecting portfolio stability and improvement.

We are also pleased to declare a Q2 dividend of $0.13/share (7.3% based on the new NAV) for shareholders of record as of 6/25, which will be paid on 7/10 to all eligible investors. The strength of our portfolio, bolstered by recent leasing activity and the sale of the Panera building, has enabled us to steadily increase the dividend payout.

Portfolio Updates

Allied Solutions, our portfolio’s largest tenant and anchor tenant at the Allied Solutions Building in Carmel, IN, has expanded their lease by an additional 5,000 square feet. Allied’s rent on the expansion space represents a 41% increase over its in-place rent. This speaks to the continued strength of the Midtown Carmel market, where no vacancy exists in any building that was built after 2010, including our buildings. We are 100% occupied across both Carmel buildings with well-below-market rents in place and are looking forward to more opportunities to reset rents to market.

At Laumeier II, real estate brokerage firm Keller Williams has signed a 6-year 8,147 square foot lease at a lease rate that represents a ~3% premium to the tenant it is replacing.

This is an ideal time to invest in Streitwise. We are positioned for growth and ongoing value creation across our portfolio, which could result in higher returns for our investors.