Whitestone REIT announced a 5.6% increase in its quarterly cash dividend for the first quarter of 2026.
The Board of Trustees also approved a $50 million share repurchase program for common stock.
CEO Dave Holeman emphasized the company's focus on sustainable growth and shareholder value through strategic initiatives.
Dividend Growth
The quarterly dividend for the first quarter of 2026 increased by 5.6%, reflecting Whitestone's commitment to rewarding shareholders.
Share Repurchase Program
An authorized share repurchase program of up to $50 million was announced, showcasing confidence in the company's value.
Long-Term Growth Strategy
Whitestone remains dedicated to achieving a 5 - 7% Core FFO per share growth and aligning it with dividend growth.
- The dividend increase signals Whitestone's financial strength and positive outlook for future earnings and cash flow.
- The share repurchase program demonstrates the company's belief in its undervalued stock and commitment to capital allocation strategies.
Whitestone REIT's proactive steps in enhancing shareholder value and pursuing sustainable growth highlight its strategic vision and commitment to long-term success in the real estate market.