Whitestone REIT Reveals 2024 Distribution Tax Details

Understanding Whitestone REIT's 2024 Distributions

Whitestone REIT (NYSE: WSR) recently made an important announcement regarding the federal income tax treatment of its cash distributions for the year 2024. This update is crucial for shareholders to understand how their investments will be taxed, providing clarity on the classifications that will be reported on the Form 1099-DIV.

Classification of Cash Distributions

The company explained that its distributions for the year 2024 will have several components. Shareholders are encouraged to stay informed about the specifics since this information will impact their individual tax situations. The classifications are notably detailed and aim to give shareholders a comprehensive understanding of how the distributions are categorized.

Key Dates to Remember

Shareholders will need to pay attention to the following key dates for 2024:

• Ex-Dividend Date: This marks the cutoff for new shareholders to receive the next distribution.
• Record Date: This date is crucial as it determines which shareholders are eligible for the distribution.
• Payable Date: This is when the distribution is actually paid out to shareholders.

Total Distribution Overview

The total distribution per share and its related tax implications include ordinary dividends, capital gain distributions, and return of capital. Specifically, the total distributions are broken down for investors to clearly see what portion of their income will be categorized under each classification, which will be reflected in their tax filings.

Encouragement for Shareholder Consultation

Whitestone REIT urges all shareholders to consult their tax advisors regarding the specifics of their tax treatment for these cash distributions. Given the nuances in tax laws and the specific circumstances of each investor, personalized advice will be key in navigating potential tax liabilities.

About Whitestone REIT

Established as a community-centered real estate investment trust, Whitestone REIT (NYSE: WSR) is committed to acquiring, owning, and developing open-air retail centers. Positioned in rapidly growing markets including major cities, the company focuses on convenience-driven centers that foster community engagement.

The Company’s Strategy

Whitestone REIT places a strong emphasis on tenant relationships, making sure its retail centers effectively serve community needs with a varied mix of tenants offering essential services ranging from food and health to financial solutions. These efforts are integral to Whitestone's acquisition and management strategies.

Final Thoughts

With the complexities involved in tax treatment and distribution classifications, it is imperative that shareholders stay well-informed. Whitestone REIT continues to communicate transparently, ensuring investors understand the potential impacts on their finances.

Frequently Asked Questions

What is the significance of the ex-dividend date?

The ex-dividend date is significant because it determines who is eligible to receive the upcoming distribution. If you buy shares after this date, you will not receive the distribution.

How can I find out my tax obligations for these distributions?

It is recommended to consult with a tax advisor who can provide guidance based on your specific financial situation and the classifications of the distributions you receive.

What types of distributions does Whitestone REIT offer?

Whitestone REIT offers ordinary dividends, capital gain distributions, and returns of capital, each classified differently for tax purposes.

Where can I learn more about Whitestone REIT?

For detailed information, including tax classifications and company developments, shareholders can visit Whitestone REIT's investor relations website, which is regularly updated.

Who should I contact for investor relations?

For any inquiries regarding investments, shareholders can reach out to David Mordy, the Director of Investor Relations at Whitestone REIT, via phone or through the provided email options.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

Writing for several financial blogs has let me connect with a wide range of readers, from novice investors seeking new ideas to seasoned investors. My mission is to make money interesting and approachable so you may take charge of your financial future. I appreciate you traveling with me toward success and financial literacy.

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