3Q20 dividends have arrived

Streitwise just distributed dividends for 3Q20 - 8.4%

Streitwise has declared a $0.21/share dividend for 3Q20, which equates to 8.4% annualized based on the original $10.00/share offering price, or 8.3% based on the updated NAV of $10.07/share. Dividends will be distributed on October 9th pursuant to the payment option selected in the Investor Center.

We have been consistent since announcing in 2019 that our dividend yield going forward would likely be 8-9% as we amortize debt and continue to re-invest in our properties. Despite the significant volatility in the public markets and the pandemic’s severe impact on the real economy, we believe we are still on track to achieve our original 8-9% dividend guidance for 2020.

The investment sales market, particularly for office properties, remains largely quiet as sellers are not yet willing or forced to part with assets at current clearing prices. We believe patience will be rewarded as we consider new acquisition opportunities. 

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