HOUSTON--(BUSINESS WIRE)--
The Board of Trustees ofWhitestone REIT (NYSE: WSR – “Whitestone”),
a fully integrated real estate company that owns, operates and
redevelops 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 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 second quarter 2013 period are shown in the following table:
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| Month |
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| Record Date |
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| Payment Date |
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April
| | | | 3/31/13 | | | | 4/9/13 |
| | | | |
May
| | | | 4/30/13 | | | | 5/9/13 |
| | | | |
June
| | | | 5/31/13 | | | | 6/10/13 |
About Whitestone REIT
Whitestone REIT (NYSE: WSR) is a fully integrated real estate company
that owns, operates and redevelops 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 including medical, education, and casual dining. The largest
of its approximately 1,100 tenants comprises less than 1.5% 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.
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
David K. Holeman, 713-435-2227
Chief
Financial Officer
ir@whitestonereit.com
Source: Whitestone REIT