Whitestone REIT Grows Dividend 9%

Core Points - Whitestone REIT has declared a monthly cash dividend of $0.045 per share for the first quarter of 2025, representing a 9% increase from the previous quarterly dividend amount [1][2] - The company aims to maintain a healthy payout ratio of approximately 50% of Core FFO while targeting an 11% year-over-year growth in Core FFO per share for 2024 [2] - The dividend distribution schedule for the first quarter of 2025 includes payments in January, February, and March, each at$ 0.045 per share [2] Company Overview - Whitestone REIT is a community-centered real estate investment trust that focuses on acquiring, owning, operating, and developing open-air retail centers in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio [3] - The company's retail centers are designed to be convenience-focused, featuring a mix of service-oriented tenants that provide food, self-care, services, education, and entertainment to local communities [4] - Strong community connections and deep tenant relationships are considered key to the success of Whitestone's current centers and acquisition strategy [4]