This week I bought 24 shares Wereldhave at a price of €22,31. I now have in total 100 shares Wereldhave. Wereldhave is currently paying a dividend of €0,63 per quarter so the current yield is 11,3%.
Wereldhave is a Dutch REIT opearting retail property. The price of Wereldhave is under pressure for some time as Wereldhave is mainly operating shopping centers within residential area’s of medium sized cities. Investing in these kind of shopping centers is not popular at the moment.
Based on the high discount to NAV and high yield I consider this price level a good level to make a small purchase and reduce the average purchase price of my Wereldhave position.
With this purchase I increase my yearly estimated dividend income by €60,48.