Whitestone REIT announced a 5.6% increase in its quarterly cash dividend for the first quarter of 2026.
The company's Board of Trustees also approved a share repurchase program of up to $50 million.
CEO Dave Holeman highlighted the focus on delivering long-term growth and enhancing shareholder value.
Dividend Growth
The quarterly dividend per share has been increased by 5.6% compared to the previous dividend.
Share Repurchase Program
Authorization for a $50 million share repurchase program to enhance shareholder value.
Long-Term Growth Strategy
Focus on achieving 5 - 7% long-term Core FFO per share growth target.
- Whitestone REIT's dividend increase reflects the company's confidence in its financial performance and future prospects.
- The share repurchase program indicates management's belief in the undervaluation of the company's shares and commitment to maximizing shareholder returns.
Whitestone REIT's strategic moves to increase dividends and launch a share repurchase program demonstrate a commitment to delivering value to shareholders and driving long-term growth.