Whitestone REIT’s Board of Trustees Declares Third Quarter 2018 Dividends
June 13 2018 - 5:00AM
Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today
announced that its Board of Trustees has declared a quarterly cash
dividend for the 2018 third quarter of 28.5 cents per share on the
Company’s common shares and operating partnership units. The
third quarter dividend will be paid in three installments of 9.5
cents each as detailed below:
Month |
Record
Date |
Payment
Date |
July |
7/3/2018 |
7/12/2018 |
August |
8/2/2018 |
8/14/2018 |
September |
9/4/2018 |
9/14/2018 |
|
|
|
About Whitestone REIT
Whitestone is a community-centered retail REIT
that acquires, owns, manages, develops and redevelops high quality
"e-commerce resistant" neighborhood, community and lifestyle retail
centers principally located in the largest, fastest-growing and
most affluent markets in the Sunbelt. Whitestone’s optimal mix of
national, regional and local tenants provides daily necessities,
needed services and entertainment to the communities in which they
are located. Whitestone's properties are primarily located in
business-friendly Phoenix, Austin, Dallas-Fort Worth, Houston and
San Antonio, which are among the fastest growing U.S. population
centers with highly educated workforces, high household incomes and
strong job growth. Visit www.whitestonereit.com for additional
information.
Forward-Looking Statements
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 “Securities Act”) and
Section 21E of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). 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
can generally be identified by the Company's use of forward-looking
terminology, such as “may,” “will,” “plan,” “expect,” “intend,”
“anticipate,” “believe,” “continue,” “goals” 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 some of the 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:
the Company's ability to meet its long-term goals, its assumptions
regarding its earnings guidance, 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’s ability to reduce or otherwise effectively
manage its general and administrative expenses, including in
connection with the recent proposed nomination of trustees by a
shareholder of the Company; the Company’s ability to fund from cash
flows or otherwise distributions to its shareholders at current
rates or at all; current adverse market and economic conditions;
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 the impact of the Tax Cuts and Jobs Act of 2017; 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.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company cannot guarantee the accuracy of any
such forward-looking statements contained in this press release,
and the Company does not intend to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact Whitestone REIT:Kevin
ReedDirector of Investor Relations(713)
435-2219kreed@whitestonereit.com
Whitestone REIT (NYSE:WSR)
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