HOUSTON, June 11, 2014 (GLOBE NEWSWIRE) -- 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 it authorized its 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:
|Month||Record Date||Payment Date|
About Whitestone REIT
Whitestone REIT (NYSE:WSR) is a fully integrated real estate investment trust ("REIT") that owns, operates and redevelops Community Centered PropertiesTM. Whitestone focuses on value creation in its community centers, concentrating on local service-oriented tenants that comprise approximately 70% of its tenants. Whitestone's diversified tenant base provides service offerings including medical, education, casual dining, and convenience services. The largest of its 1,225 tenants comprised less than 1.9% of its annualized base rental revenues as of March 31, 2014. Founded in 1998, the Company is internally managed with a portfolio of 60 commercial properties in Texas, Arizona, and Illinois. For additional information about the Company, please visit www.whitestonereit.com. The Investor Relations section of the Company's website contains filings made with the Securities and Exchange Commission, news releases and financial reports.
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.
CONTACT: Whitestone REIT: Suzy Taylor, Director of Investor Relations (713) 435 2219 STaylor@WhitestoneREIT.com