25th Oct 2021 10:01
Starwood European Real Estate Finance Ltd - Guernsey-based investment company - Says its performance in the three months to September 30 remains in line with expectations and is derived from an "robust" portfolio of real estate loans that continue to deliver income. The company confirms 1.375 pence dividend for the third quarter of 2021 as targeted, equating to an 5.7% annualised dividend yield.
"Notably, the outlook for new loans origination remains very strong as the investment manager has seen significant activity across the hospitality and retail sectors and in office spaces as the UK and Europe starts to return to pre-pandemic activity levels," says Chair Stephen Smith.
Current stock price: 97.80 pence, up 1.7%
Year-to-date change: up 8.7%
By Evelina Grecenko; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Starwood Eur