Whitestone REIT Announces New Monthly Dividend for Investors
Whitestone REIT Declares Second Quarter Dividend
Whitestone REIT (NYSE: WSR) recently announced an exciting development for its investors. The company's Board of Trustees has declared a monthly cash dividend of $0.045 per share on its common shares and operating partnership units, marking a total quarterly dividend of $0.135 per share. This equates to an annualized dividend of $0.54 per share, highlighting the company's commitment to delivering consistent returns to its shareholders.
Details of the Upcoming Dividend Distributions
The dividend distribution for the second quarter is as follows:
April Distribution
For the month of April, the record date is set for the 1st, with payments being made on the 10th, reflecting a distribution of $0.045 per share.
May Distribution
In May, the record date will be the 1st, and investors can expect payments on the 13th, maintaining the same distribution rate of $0.045 per share.
June Distribution
For June, the record date is 2nd, with payments scheduled for the 12th, ensuring another $0.045 per share for investors.
Overview of Whitestone REIT
Whitestone REIT, symbolized by WSR, is not just any real estate investment trust; it is a community-centered organization focused on acquiring, owning, and operating open-air retail centers. These retail centers are strategically located in some of the fastest-growing markets, ranging from vibrant urban centers to suburban epicenters.
What sets Whitestone apart is its dedication to fostering community connections. The company features a mix of service-oriented tenants that provide essential services and entertainment, including restaurants, grocery stores, health and fitness centers, and educational services, creating an inviting retail environment for local residents.
Strategic Growth and Community Focus
Whitestone's acquisition strategies are rooted in deep community ties and robust tenant relationships. This community-focused approach not only enhances the shopping experience for visitors but also drives the success of their retail centers. The management team is committed to ensuring that these properties remain beneficial and relevant to their local communities.
Investor Insights
As a public entity, Whitestone REIT continually keeps its shareholders informed, offering insights into its financial performance and future strategies. The ongoing commitment to provide cash dividends serves as a testament to the company's stable income-generation capabilities and its focus on long-term value creation.
Importance of Dividends in a REIT
Dividends play a crucial role in real estate investment trusts as they attract investors seeking regular income. Whitestone's ongoing dividends not only reward current investors but also attract potential shareholders looking for stability in a volatile financial environment.
Frequently Asked Questions
1. What is the amount of the dividend declared by Whitestone REIT?
Whitestone REIT has declared a monthly dividend of $0.045 per share for the second quarter of 2025, totaling $0.135 for the quarter and $0.54 annually.
2. When will the dividends be paid?
Dividends will be paid out in April, May, and June, with specific payment dates following the respective record dates.
3. What makes Whitestone REIT unique in its sector?
Whitestone REIT focuses on community-centered retail centers, ensuring that tenants provide essential services and enhancing local shopping experiences.
4. How does the company maintain strong tenant relationships?
By fostering community ties and focusing on service-oriented tenants, Whitestone cultivates long-term relationships that benefit both tenants and the local community.
5. Why are dividends important for investors in a REIT?
Dividends provide regular income to investors and signal the financial health and stability of a REIT, making it an attractive investment option.
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