Starwood Waypoint Homes Announces Cash Dividend
13 Oktober 2017 - 1:00PM
Business Wire
Starwood Waypoint Homes (NYSE: SFR) (“Starwood Waypoint Homes”
or the “Company”) today announced that it has declared a cash
dividend of $0.11 per share payable on its common shares. As
contemplated by the previously announced merger agreement with
Invitation Homes Inc. (“INVH”), shareholders of the Company and
stockholders of INVH are to receive a prorated dividend at each
company’s current dividend rate for the period from its prior
dividend record date until November 14, 2017, the date scheduled
for the Company’s special shareholder meeting. As the Company’s
prior dividend record date was September 29, 2017, its prorated
dividend is calculated to be $0.11 per share. The Company’s
dividend will be paid on November 7, 2017 to shareholders of record
of the Company’s common shares as of the close of business on
October 24, 2017.
About Starwood Waypoint Homes
Starwood Waypoint Homes is one of the largest publicly traded
owners and operators of single-family rental homes in the United
States. Starwood Waypoint Homes acquires, renovates, leases,
maintains and manages single-family homes in markets that exhibit
favorable demographics and long-term economic trends, as well as
strengthening demand for rental properties.
Forward-Looking Statements
The information presented herein may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements, which are
based on current expectations, estimates and projections about the
industry and markets in which the Company and INVH operate and
beliefs of and assumptions made by Company management and INVH
management, involve significant risks and uncertainties, which are
difficult to predict and are not guarantees of future performances,
that could significantly affect the financial results of the
Company or INVH or the combined company. Words such as “projects,”
“will,” “could,” “continue,” “expects,” “anticipates,” “intends,”
“plans,” “believes,” “seeks,” “estimates,” “forecast,” “guidance,”
“outlook,” “may,” and “might” and variations of such words and
similar expressions are intended to identify such forward-looking
statements, which generally are not historical in nature. Such
forward-looking statements may include, but are not limited to,
statements about the anticipated benefits of the proposed merger
between INVH and the Company, including future financial and
operating results, the attractiveness of the value to be received
by INVH stockholders, the attractiveness of the value to be
received by the Company, the combined company’s plans, objectives,
expectations and intentions, the timing of future events,
anticipated administrative and operating synergies, the anticipated
impact of the merger on net debt ratios, cost of capital, future
dividend payment rates, forecasts of accretion in funds from
operations (“FFO”), adjusted FFO or other earnings or performance
measures, projected capital improvements, expected sources of
financing, and descriptions relating to these expectations. All
statements that address operating performance, events or
developments that we expect or anticipate will occur in the future
— including statements relating to expected synergies, improved
liquidity and balance sheet strength — are forward-looking
statements. Pro forma, projected and estimated numbers are used for
illustrative purposes only, are not forecasts and may not reflect
actual results. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. The Company’s ability to
predict results or the actual effect of future events, actions,
plans or strategies is inherently uncertain. Although the Company
believes the expectations reflected in any forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained and therefore,
actual outcomes and results may differ materially from what is
expressed or forecasted in such forward-looking statements. Some of
the factors that may materially and adversely affect the Company’s
and INVH’s business, financial condition, liquidity, results of
operations and prospects, as well as the Company’s ability to make
distributions to its shareholders, include, but are not limited to:
(i) national, regional and local economic climates; (ii) changes in
the real estate and single-family rental industry, financial
markets and interest rates, or to the business or financial
condition of either company or business; (iii) increased or
unanticipated competition for the companies’ properties; (iv)
competition in the leasing market for quality residents; (v)
increasing property taxes, homeowners’ association fees and
insurance costs; (vi) each company’s dependence on third parties
for key services; (vii) risks related to evaluation of properties,
poor resident selection and defaults and non-renewals by either
company’s residents; (viii) risks associated with acquisitions,
including the integration of the combined companies’ businesses;
(ix) the potential liability for the failure to meet regulatory
requirements, including the maintenance of real estate investment
trust status; (x) availability of financing and capital; (xi) risks
associated with achieving expected revenue synergies or cost
savings; (xii) risks associated with the companies’ ability to
consummate the merger and the timing of the closing of the merger;
(xiii) the outcome of claims and litigation involving or affecting
either company; (xiv) applicable regulatory changes; and (xv) those
additional risks and factors discussed in reports and registration
statements filed with the Securities and Exchange Commission by the
Company and INVH from time to time, including those discussed under
the heading “Risk Factors” in their respective most recently filed
reports on Forms 10-K and 10-Q. Neither the Company nor INVH,
except as required by law, undertakes any duty to update any
forward-looking statements appearing in this document, whether as a
result of new information, future events or otherwise. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof.
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version on businesswire.com: http://www.businesswire.com/news/home/20171013005261/en/
For Starwood Waypoint HomesInvestor
Relations480-800-3490IR@colonystarwood.comorMedia
RelationsJason Chudoba,
646-277-1249Jason.chudoba@icrinc.com
Starwood Waypoint Homes (NYSE:SFR)
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