Whitestone REIT Grows Dividend 5.6%

Core Insights - Whitestone REIT has announced a quarterly cash dividend of $0.1425 per share for Q1 2026, marking a 5.6% increase from the previous dividend amount [1][3] - The Board of Trustees has authorized a share repurchase program with a total purchase price of up to $50 million, allowing for stock repurchases in various forms [2] Dividend Details - The first quarter dividend distribution for 2026 is scheduled as follows: Record Date on March 16, 2026, and Payment Date on March 30, 2026, with a distribution of $0.1425 per share/unit [3] Company Overview - Whitestone REIT operates as a community-centered real estate investment trust, focusing 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 [4] - The company emphasizes convenience-focused centers with a mix of service-oriented tenants, including food, self-care, services, education, and entertainment [5] Strategic Focus - The company aims for a long-term Core FFO per share growth target of 5-7%, aligning steady growth with dividend growth [3] - CEO Dave Holeman highlighted the company's efforts in enhancing earnings growth, improving leverage metrics, and increasing portfolio value through effective asset recycling [3]