Whitestone REIT Declares Fourth Quarter 2020 Dividends
HOUSTON, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of $0.035 per share on the Company’s
common shares and operating partnership units. The dividend amount of $0.035 per share represents a quarterly amount of $0.105, and an annualized amount of $0.42 per share. The fourth quarter
dividend distribution for 2020 will be as detailed below:
|Month||Record Date||Payment Date|
Jim Mastandrea, Chairman and Chief Executive Officer commented, “We are pleased to announce Whitestone’s 123rd, 124th, and 125th consecutive monthly dividend distributions. We continue to confirm our commitment to our shareholders by providing attractive-yielding monthly dividends despite the uncertainty in the broader economy. We want to reassure our shareholders that our strategically-chosen markets are resilient, our tenants continue to serve the local consumer’s essential lifestyle needs, and our business model continues to produce attractive cash flow.”
About Whitestone REIT
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create Communities That Thrive through Creating Local Connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone’s strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles. For additional information, please visit www.whitestonereit.com.