Streitwise just distributed dividends for 4Q20, which equates to 8.4% based on the original share purchase price of $10.00/share and 8.2% based on the current NAV of $10.21/share. Dividends were distributed today, 1/8/20, pursuant to the payment option selected in the Investor Center.
We are incredibly fortunate to have a portfolio that has so far weathered the economic headwinds. Despite the significant volatility in the public markets and the pandemic’s severe impact on the real economy, we believe we are on track to achieve a targeted 8-9% dividend guidance for 2021.
We continue to believe, as we did when we launched Streitwise, that suburban-urban office properties will outperform, that top tier office properties hold value best in downturns and emerge first during recoveries, and that quality revenue from credit worthy tenants is more important now than ever.
Mr. Wills is the Marketing Director and Head of Product for Streitwise.
Prior to joining Streitwise, Mr. Wills was Head of Paid Media at Bitcoin IRA and Fortress Gold Group. Previously, Mr. Wills was the Director of Lead Generation at GTMA, a real estate marketing agency, where he founded the paid media department that oversaw a large nationwide portfolio of multifamily properties. Mr. Wills holds a Bachelor of Science degree in Marketing from the University of Florida.