Whitestone REIT board declares monthly cash dividend of 4.125c per share

Whitestone REIT announced that its Board of Trustees has declared a monthly cash dividend of 4.125c per share on the Company’s common shares and operating partnership units for the second quarter of 2024. The dividend increase represents a quarterly amount of 12.375c per share, and an annualized amount of 49.5c per share. “We are focused on delivering consistent growth, driven by very strong leasing spreads and record occupancy, as we will share on our upcoming 4th quarter 2023 earnings call,” said Dave Holeman, Whitestone’s CEO. “Our second quarter dividend represents a 3% increase from the first quarter, a reflection of the board’s confidence in Whitestone’s earnings growth trajectory and ability to strengthen the balance sheet while simultaneously growing the dividend.”