Castellum – sector downgrade, buy opportunity?

Castellum – sector downgrade, buy opportunity?

The real estate sector was downgraded by Pareto Securities today which resulted in a selloff in real estate companies.

I decided to increase my holdings in Castellum today at SEK 206.4 per share. The company has increased its dividends every year since its IPO in 1997 and will most likely keep on increasing its dividends, though not at the same pace as previous years. In their Q2 2019 report they reported an increase in property management income of 9 % and they have historically increased their dividends at the same pace as their increase in property management income.

Latest reported Net Asset Value was 184 SEK and current share price is ~205 SEK resulting in a premium of around 11.5%

The current dividend yield is 2.9% and next ex dividend date is 20 September 2019 (3.05 SEK per share).

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