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Colonial, the Only Real Estate Firm to Keep its Dividend Intact Post-Covid

Colonial's dividend looks set to be the only one of the real estate companies to remain intact. Metrovacesa has already suspended its dividend payment and the others have not yet decided whether to pay theirs or not.

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Colonial’s dividend looks set to be the only one in the entire real estate sector – of those initially proposed by Socimis and property developers – that will not suffer the consequences of the Covid-19 crisis. The only payment that analysts consider is guaranteed is the 0.20 euros that, for the third consecutive year, the Socimi is planning to distribute, to be charged against the 2020 accounts. At current share prices, that represents a yield of 2.9%.

The impact of Covid announced by the company is the most modest in the sector, with a forecast decrease in rents of 2%, taking into account that it is the only firm that does not have any retail assets in its portfolio. It owns offices in the most exclusive areas of Paris, Madrid and Barcelona.

Read the full article in Spanish.

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