HOUSTON--(BUSINESS WIRE)--
The Board of Trustees ofWhitestone REIT (NYSE-AMEX: WSR –
“Whitestone”), a fully integrated real estate company that owns,
operates and re-develops Community Centered PropertiesTM,
which are visibly located properties in established or developing
culturally diverse neighborhoods, announced today that it authorized its
quarterly cash dividend of $0.285 per Class A and Class B common share
and Operating Partnership (“OP”) unit. The dividend is unchanged from
the previous seven quarters.
Whitestone declares quarterly distributions to holders of its common
shares and OP units, which are payable monthly in three installments of
$0.095 per Class A and Class B common share and OP unit. The record and
payment dates for the second quarter 2012 period are shown in the
following table:
| Month |
|
|
|
| Record Date |
|
|
|
| Payment Date |
|
April
| | | | | 4/2/12 | | | | | 4/9/12 |
|
May
| | | | | 5/1/12 | | | | | 5/9/12 |
|
June
| | | | | 6/1/12 | | | | | 6/8/12 |
Annual Meeting of Shareholders Scheduled for May 22nd
Additionally, Whitestone announced that its Annual Meeting of
Shareholders will be held on Tuesday, May 22, 2012. The Board of
Trustees established the close of business on March 23, 2012 as the
record date for determining stockholders entitled to receive notice of
and vote at the meeting. The meeting will begin at 10:00 a.m. Central
Time and will take place at the Norris Conference Center, 803 Town &
Country Lane, Houston, Texas.
About Whitestone REIT
Whitestone REIT is a fully integrated real estate company that owns,
operates and re-develops Community Centered PropertiesTM,
which are visibly located properties in established or developing
culturally diverse neighborhoods. Whitestone focuses on value-creation
in its Centers, as it markets, leases and manages its Centers to match
tenants with the shared needs of surrounding neighborhoods. Operations
are structured for providing cost-effective service to local
service-oriented smaller space tenants (less than 3,000 square feet).
Whitestone has a diversified tenant base concentrated on service
offerings such as medical, education, and casual dining. The largest of
its over 900 tenants comprises less than 2% of its rental revenues.
Headquartered in Houston, Texas and founded in 1998, the Company is
internally managed with a portfolio of commercial properties in Texas,
Arizona, and Illinois. For additional information about the Company,
please visit www.whitestonereit.com.
The investor section of the Company's website has links to SEC filings,
news releases, financial reports and investor newsletters.
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.
Whitestone REIT
Anne Gregory, (713) 435 2221
Vice President
Marketing & Investor Relations
ir@whitestonereit.com
Source: Whitestone REIT