{"id":9742,"date":"2021-02-16T15:42:18","date_gmt":"2021-02-16T20:42:18","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9742"},"modified":"2021-02-16T15:42:18","modified_gmt":"2021-02-16T20:42:18","slug":"steadfast-apartment-reit-lowers-distribution-rate","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/steadfast-apartment-reit-lowers-distribution-rate\/","title":{"rendered":"Steadfast Apartment REIT Lowers Distribution Rate"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9744 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Steadfast-Apartment-REIT.jpg\" alt=\"In January 2021, Steadfast Apartment REIT Inc. announced that it is lowering its distribution rate and limiting share repurchases, effective February 1, 2021. Steadfast Apartment REIT is a publicly registered non-traded real estate investment trust (\u201cREIT\u201d). Steadfast invests in apartment communities across the United States.  According to a letter to shareholders, Steadfast is cutting its distribution rate nearly in half, from $0.90 per share to $0.5250 per share.  Steadfast Apartment REIT\u2019s NAV Continues To Decline  As of March 6, 2020, Steadfast\u2019s net asset value (NAV) was reported at $15.23 per share.\u00a0 However, the reduced distributions indicate that things may be worse for the REIT than can be discerned from the NAV. In fact, Steadfast Apartment REIT is trading on the secondary market for approximately $10-$11.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Steadfast-Apartment-REIT.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Steadfast-Apartment-REIT-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>In January 2021, Steadfast Apartment REIT Inc. announced that it is lowering its distribution rate and limiting share repurchases, effective February 1, 2021. Steadfast Apartment REIT is a publicly registered non-traded real estate investment trust (\u201cREIT\u201d). Steadfast invests in apartment communities across the United States. <a href=\"https:\/\/www.silverlaw.com\/blog\/steadfast-apartment-reit-lowers-distribution-rate\/#more-9742\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January 2021, Steadfast Apartment REIT Inc. announced that it is lowering its distribution rate and limiting share repurchases, effective February 1, 2021. Steadfast Apartment REIT is a publicly registered non-traded real estate investment trust (\u201cREIT\u201d). Steadfast invests in apartment communities across the United States. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[594],"tags":[],"class_list":["post-9742","post","type-post","status-publish","format-standard","hentry","category-real-estate-investment-trusts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steadfast Apartment REIT Lowers Distribution Rate &#8212;<\/title>\n<meta name=\"description\" content=\"Steadfast Apartment REIT Inc. announced that it is lowering its distribution rate and limiting share repurchases, effective February 1, 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/steadfast-apartment-reit-lowers-distribution-rate\/\" 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