Whitestone REIT (NYSE: WSR) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.1425 per share on the Company's common shares and operating partnership units for the first quarter of 2026. The new dividend represents a 5.6% increase over the previous quarterly dividend amount.
Yesterday, the Company’s Board of Trustees authorized a share repurchase program of up to an aggregate purchase price of $50,000,000. Repurchases of common stock under the share repurchase program may be made from time to time in the open market, in privately negotiated purchases, in accelerated share repurchase programs or by any other lawful means.
The number of shares of common stock purchased and the timing of any purchases will depend on a number of factors, including the price and availability of common stock and general market conditions.
“We remain squarely focused on delivering our 5 - 7% long-term Core FFO per share growth target and matching that steady growth with dividend growth. Over the past four years we have elevated our earnings growth trajectory, improved our leverage metrics, enhanced the value of our portfolio through effective asset recycling and reduced variables on the runway ahead,” stated Whitestone CEO Dave Holeman.
“We look forward to continuing to leverage our leadership position in high-value shop space to deliver for shareholders.”
WSR units edged up four cents to $13.70.
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