HOUSTON, June 06, 2016 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a quarterly cash dividend for the 2016 third quarter of 28.5 cents per share on the Company’s common stock and Operating Partnership units. The third quarter dividend will be paid in three installments of 9.5 cents each in July, August and September. The record and payment dates for the third quarter period are as follows:
| Month | Record Date | Payment Date | ||
| July | 7/1/2016 | 7/8/2016 | ||
| August | 8/1/2016 | 8/9/2016 | ||
| September | 9/1/2016 | 9/9/2016 | ||
The Company also announced today that it has posted an updated investor presentation to the Investor Relations section of its website.
Jim Mastandrea, Chairman and Chief Executive Officer, commented, “We believe our updated investor presentation provides a great overview of the quality of Whitestone’s assets and their locations within high-growth markets with high household incomes. The presentation also clearly highlights our innovative, scalable and sustainable 'internet-resistant' business model, our long record of profitable growth, our strong dividend coverage and our opportunities for future top-line and bottom line growth.”
About Whitestone REIT
Whitestone REIT (NYSE:WSR) is a fully integrated real estate investment trust (“REIT”) that acquires, owns, manages, develops and redevelops high quality “internet-resistant” neighborhood, community and lifestyle retail centers. Whitestone’s 69 properties are located in Austin, Dallas-Fort Worth, Houston, San Antonio and Phoenix, among the fastest-growing markets in the country with highly educated workforces, high household incomes and strong job growth. The Company’s strategy is to target shifting consumer behavior and purchasing patterns by creating a complementary mix of grocery, dining, health and wellness, education, financial and other services, entertainment and specialty retail in its properties. Whitestone’s national, regional and local tenants provide daily necessities, needed services and convenience to the community which are not readily available online. For additional information about Whitestone, please visit www.whitestonereit.com.
Forward-Looking Statements
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.