Streitwise has declared a $0.21/share dividend for Q1 2022, which equates to an 8.4% dividend based on the original share purchase price of $10.00/share. Dividends will be distributed on April 8th to all eligible investors pursuant to the payment option selected in the Investor Center.
As workers return to offices nationwide and as the job market continues to tighten, expect well-amenitized collaborative spaces to be in high demand. Streitwise has always been ahead of the curve by targeting well-amenitized class A office buildings in suburban-urban locations and our returns have outmatched peers in the space.
We are happy to report that in Q1 of 2022, our tenants paid as expected and budgeted with 100% of contractual rent obligation collected and hit 100% occupancy at our Allied Solutions building. Portfolio-wide, we are 97% occupied with no tenant delinquencies. We executed a new 5-year lease at Streitwise Plaza in the last month with more updates to come soon.
While many investments have recently missed estimates or seen considerable principal loss, Streitwise has been able to consistently meet and exceed return objectives over a period of many years and has now produced an 8%+ dividend yield for 20 straight quarters. If you have any questions about investing today, you can schedule a call with us here to discuss more.
Mr. Karsh is CEO and Co-Founder of Streitwise and Tryperion Holdings.
Prior to forming Streitwise, Mr. Karsh was an Acquisitions Analyst for Canyon Capital Realty Advisors and the Canyon-Johnson Urban Funds, where he was responsible for underwriting, structuring and executing value-add and opportunistic transactions. He holds a Bachelor of Arts degree in Political Science from the University of Pennsylvania. Mr. Karsh is a member of ULI and is also a Real Estate & Construction member of the Jewish Federation of Greater Los Angeles.