Whitestone REIT (NYSE: WSR) has announced a 5.6% increase in its quarterly cash dividend for the first quarter of 2026. The new dividend stands at $0.1425 per share on the company's common shares and operating partnership units. This increase reflects the company's commitment to delivering steady growth with dividend growth, as emphasized by Whitestone CEO Dave Holeman.
Moreover, the company’s board of trustees has authorized a share repurchase program of up to $50,000,000. This program allows for the repurchase of common stock through various methods, depending on factors such as market conditions and stock availability. The announcement of the share repurchase program indicates the company's confidence in its financial position and its commitment to enhancing shareholder value.
Whitestone REIT's strategic focus on delivering 5-7% long-term core FFO (Funds from Operations) per share growth target has proven successful over the past four years. This growth trajectory, coupled with improved leverage metrics and effective asset recycling, has strengthened the company's position in the market.
The first quarter dividend distribution for 2026 is scheduled to be paid on March 30, 2026, to shareholders of record as of March 16, 2026.
Whitestone REIT, a community-centered real estate investment trust, operates open-air retail centers in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio. The company's focus on convenience-oriented tenants underscores its commitment to meeting the needs of the surrounding communities and maintaining strong tenant relationships.
Following these announcements, the company's shares moved -0.04%, and are now trading at a price of $13.655. For more information, read the company's full 8-K submission here.
