HOUSTON--(BUSINESS WIRE)--The Board of Trustees of Whitestone REIT (NYSE: WSR – “Whitestone”), a fully integrated real estate company that owns, operates and redevelops Community Centered PropertiesTM announced today that The Board of Trustees of Whitestone REIT authorized the Company’s quarterly cash dividend of $0.285 per common share and Operating Partnership (“OP”) unit.
Whitestone declares quarterly distributions to holders of its common shares and OP units, which are payable monthly in three installments of $0.095 per common share and OP unit. The record and payment dates for the first quarter 2014 period are shown in the following table:
The Company also announced that it plans to begin providing financial guidance in 2014. Whitestone expects to issue its year end 2013 Earnings Release in late February 2014 and provide annual 2014 financial guidance at that time.
About Whitestone REIT
Whitestone REIT (NYSE:WSR) is a fully integrated real estate investment trust that owns, operates and redevelops Community Centered PropertiesTM. Whitestone focuses on value creation in its community centers and has a diversified tenant base comprised of grocery, dining, medical, education, as well as a dynamic mix of local services. Founded in 1998, the Company is internally managed with a portfolio of 59 commercial properties in Texas, Arizona, and Illinois. For additional information about the Company, please visit www.whitestonereit.com.
Statements included herein that state the Company's or management's intentions, hopes, beliefs, expectations or predictions of the future are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, which by their nature, involve known and unknown risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied by these statements. Reference is made to the Company's regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company's performance.