{"id":6353,"date":"2022-06-22T16:10:56","date_gmt":"2022-06-22T21:10:56","guid":{"rendered":"https:\/\/1reason.com\/re\/whitestone-reit-declares-third-quarter-2022-dividend\/6353\/"},"modified":"2022-06-23T11:10:56","modified_gmt":"2022-06-23T16:10:56","slug":"whitestone-reit-declares-third-quarter-2022-dividend","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/whitestone-reit-declares-third-quarter-2022-dividend\/6353\/","title":{"rendered":"Whitestone REIT Declares Third Quarter 2022 Dividend"},"content":{"rendered":"
The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. <\/p>\n

\u201cAt Whitestone, we are continuing to advance our growth objectives, simultaneously growing earnings while strengthening our balance sheet,\u201d said Dave Holeman, Whitestone\u2019s CEO. \u201cThis dividend reflects the Board\u2019s confidence in the underlying strength of Whitestone and its assets, its talented employees and the management team, and bright prospects for sustainable growth and value creation. We are proud of our improving results and cash flow generation and look forward to building and reporting on our progress.\u201d<\/p>\n

Thethird quarter dividend distribution for 2022 will be as detailed below:<\/p>\n\n\n\n\n\n
Month<\/strong><\/td>\nRecord Date<\/strong><\/td>\nPayment Date<\/strong><\/td>\nDistribution per<\/strong>
Share\/Unit<\/strong><\/td>\n<\/tr>\n
July<\/td>\n7\/5\/2022<\/td>\n7\/13\/2022<\/td>\n$0.04<\/td>\n<\/tr>\n
August<\/td>\n8\/2\/2022<\/td>\n8\/12\/2022<\/td>\n$0.04<\/td>\n<\/tr>\n
September<\/td>\n9\/6\/2022<\/td>\n9\/14\/2022<\/td>\n$0.04<\/td>\n<\/tr>\n<\/table>\n

About Whitestone REIT<\/strong><\/p>\n

Whitestone REIT (NYSE: WSR)is a community-centered real estate investment trust (REIT)that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.<\/p>\n

Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy. For additional information, please visit www.whitestonereit.com<\/a>.<\/p>\n

Forward Looking Statements <\/strong>
Certain statements contained in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d) and Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d). The Company intends for all such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable. Such information is subject to certain risks and uncertainties, as well as known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements include statements about our earnings guidance, future liquidity, performance growth and expectations and other matters and can generally be identified by the Company\u2019s use of forward-looking terminology, such as \u201cmay,\u201d \u201cwill,\u201d \u201cplan,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201cgoals\u201d or similar words or phrases that are predictions of future events or trends and which do not relate solely to historical matters. The following are additional factors that could cause the Company’s actual results and its expectations to differ materially from those described in the Company’s forward-looking statements: uncertainties related to the COVID-19 pandemic, including the unknown duration and economic, operational and financial impacts of the COVID-19 pandemic, and the actions taken or contemplated by U.S. and local governmental authorities or others in response to the pandemic on the Company\u2019s business, employees and tenants, including, among others, (a) changes in tenant demand for the Company\u2019s properties, (b) financial challenges confronting major tenants, including as a result of decreased customers\u2019 willingness to frequent, and mandated stay in place orders that have prevented customers from frequenting, some of Company\u2019s tenants\u2019 businesses and the impact of these issues on the Company\u2019s ability to collect rent from its tenants; (c) operational changes implemented by the Company, including remote working arrangements, which may put increased strain on IT systems and create increased vulnerability to cybersecurity incidents, (d) significant reduction in the Company\u2019s liquidity due to a reduced borrowing base under its revolving credit facility and limited ability to access the capital markets and other sources of financing on attractive terms or at all, and (e) prolonged measures to contain the spread of COVID-19 or the fluctuating government-imposed restrictions implemented to contain the spread of COVID-19; adverse economic or real estate developments or conditions in Texas or Arizona, Houston and Phoenix in particular, including as a result of any resurgences in COVID-19 cases in such areas and the impact on our tenants\u2019 ability to pay their rent, which could result in bad debt allowances or straight-line rent reserve adjustments; the imposition of federal income taxes if we fail to qualify as a real estate investment trust (\u201cREIT\u201d) in any taxable year or forego an opportunity to ensure REIT status; the Company’s ability to meet its long-term goals, including its ability to execute effectively its acquisition and disposition strategy, to continue to execute its development pipeline on schedule and at the expected costs, and its ability to grow its NOI as expected, which could be impacted by a number of factors, including, among other things, its ability to continue to renew leases or re-let space on attractive terms and to otherwise address its leasing rollover; its ability to successfully identify, finance and consummate suitable acquisitions, and the impact of such acquisitions, including financing developments, capitalization rates and internal rates of return; the Company\u2019s ability to reduce or otherwise effectively manage its general and administrative expenses; the Company\u2019s ability to fund from cash flows or otherwise distributions to its shareholders at current rates or at all; current adverse market and economic conditions including, but not limited to, the significant volatility and disruption in the global financial markets caused by the COVID-19 pandemic; lease terminations or lease defaults; the impact of competition on the Company’s efforts to renew existing leases; changes in the economies and other conditions of the specific markets in which the Company operates; economic, legislative and regulatory changes, including changes to laws governing REITs and the impact of the legislation commonly known as the Tax Cuts and Jobs Act; the success of the Company’s real estate strategies and investment objectives; the Company’s ability to continue to qualify as a REIT under the Internal Revenue Code of 1986, as amended; and other factors detailed in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents the Company files with the Securities and Exchange Commission from time to time.<\/p>\n

Investor and Media Contact:<\/strong><\/p>\n

David Mordy
Director of Investor Relations
Whitestone REIT
(713) 435-2219
ir@whitestonereit.com<\/u><\/a><\/p>\n

<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR) (\u201cWhitestone\u201d or the \u201cCompany\u201d) today announced that its Board of Trustees has declared a monthly cash dividend on the Company’s common shares of $0.04 per share.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6353"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=6353"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6353\/revisions"}],"predecessor-version":[{"id":6370,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6353\/revisions\/6370"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}