- Getting the preliminary results out now allows the company to get busy buying back stock, says CEO Fred Tuomi. Colony Starwood (NYSE:SFR -0.1%) adds $100M to its existing program, giving it $242M of buyback capacity through May 2017.
- In addition, the company intends to boost the annual dividend 14% from Starwood Waypoint's pre-merger level to $0.88 per share.
- Q4 adjusted core FFO is expected to be $0.17-$0.22 per share; full-year $1.67-$1.72.
- Full results are coming on Feb. 29.
- Source: Press Release