Whitestone REIT Announces Tax Characteristics of 2024 Distributions
30 January 2025 - 9:00AM
Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”)
released the federal income tax treatment of 2024 cash
distributions to holders of common shares (CUSIP 966084204). The
final classifications of the distributions for 2024, which will be
reported on Form 1099-DIV, are as follows:
|
Ex-Dividend Date |
Record Date |
Payable Date |
Total Distribution Per Share |
Ordinary Dividends |
Total Capital Gain Distribution |
Unrecaptured Sec 1250 Gain (1) |
Return of Capital (Nontaxable Distribution) |
Section 199A Dividends (2) |
|
|
1/3/24 |
1/4/2024 |
1/11/2024 |
$ |
0.040000 |
$ |
0.024476 |
|
$ |
0.014888 |
|
$ |
0.004986 |
|
$ |
0.000636 |
|
$ |
0.024476 |
|
|
2/1/2024 |
2/2/2024 |
2/12/2024 |
$ |
0.040000 |
$ |
0.024476 |
|
$ |
0.014888 |
|
$ |
0.004986 |
|
$ |
0.000636 |
|
$ |
0.024476 |
|
|
3/1/2024 |
3/4/2024 |
3/14/2024 |
$ |
0.040000 |
$ |
0.024476 |
|
$ |
0.014888 |
|
$ |
0.004986 |
|
$ |
0.000636 |
|
$ |
0.024476 |
|
|
4/1/2024 |
4/2/2024 |
4/11/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
5/1/2024 |
5/2/2024 |
5/14/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
6/4/2024 |
6/4/2024 |
6/13/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
7/5/2024 |
7/5/2024 |
7/11/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
8/2/2024 |
8/2/2024 |
8/14/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
9/4/2024 |
9/4/2024 |
9/12/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
10/2/2024 |
10/2/2024 |
10/10/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
11/4/2024 |
11/4/2024 |
11/14/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
12/3/2024 |
12/3/2024 |
12/12/2024 |
$ |
0.041250 |
$ |
0.025241 |
|
$ |
0.015353 |
|
$ |
0.005141 |
|
$ |
0.000656 |
|
$ |
0.025241 |
|
|
|
|
2024 Total |
$ |
0.491250 |
$ |
0.300597 |
|
$ |
0.182841 |
|
$ |
0.061227 |
|
$ |
0.007812 |
|
$ |
0.300597 |
|
(1) Represents additional
characterization of, and is included in, “Total Capital Gain
Distribution.”(2) Represents dividends eligible for the 20%
qualified business income deduction under Section 199A, and is
included in “Ordinary Dividends.”
Shareholders are encouraged to consult with their personal tax
advisors as to their specific tax treatment of Whitestone REIT cash
distributions. For additional information, contact Whitestone
REIT’s Investor Relations Department.
About Whitestone REIT
Whitestone REIT (NYSE: WSR) is a community-centered real
estate investment trust (REIT) that acquires, owns, operates,
and develops open-air, retail centers located in some of the
fastest growing markets in the country: Phoenix, Austin,
Dallas-Fort Worth, Houston and San Antonio.
Our centers are convenience focused: merchandised with a mix of
service-oriented tenants providing food (restaurants and grocers),
self-care (health and fitness), services (financial and logistics),
education and entertainment to the surrounding communities. The
Company believes its strong community connections and deep tenant
relationships are key to the success of its current centers and its
acquisition strategy. For additional information, please visit the
Company's investor relations website.
Forward-Looking Statements
This Report contains forward-looking statements
within the meaning of the federal securities laws, including
discussion and analysis of our financial condition, pending
acquisitions and the impact of such acquisitions on our financial
condition and results of operations, anticipated capital
expenditures required to complete projects, amounts of anticipated
cash distributions to our shareholders in the future and other
matters. These forward-looking statements are not historical facts
but are the intent, belief or current expectations of our
management based on its knowledge and understanding of our business
and industry. Forward-looking statements are typically identified
by the use of terms such as “may,” “will,” “should,” “potential,”
“predicts,” “anticipates,” “expects,” “intends,” “plans,”
“believes,” “seeks,” “estimates” or the negative of such terms and
variations of these words and similar expressions, although not all
forward-looking statements include these words. These statements
are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond our
control, are difficult to predict and could cause actual results to
differ materially from those expressed or forecasted in the
forward-looking statements.
Factors that could cause actual results to
differ materially from any forward-looking statements made in this
Report include: the imposition of federal income taxes if we fail
to qualify as a real estate investment trust (“REIT”) in any
taxable year or forego an opportunity to ensure REIT status;
uncertainties related to the national economy, the real estate
industry in general and in our specific markets; legislative or
regulatory changes, including changes to laws governing REITs;
adverse economic or real estate developments or conditions in Texas
or Arizona, Houston and Phoenix in particular, including the
potential impact of COVID-19 on our tenants’ ability to pay their
rent, which could result in bad debt allowances or straight-line
rent reserve adjustments; inflation and increases in interest
rates, operating costs or general and administrative expenses;
availability and terms of capital and financing, both to fund our
operations and to refinance our indebtedness as it matures;
decreases in rental rates or increases in vacancy rates; litigation
risks; lease-up risks, including leasing risks arising from
exclusivity and consent provisions in leases with significant
tenants; our inability to renew tenant leases or obtain new tenant
leases upon the expiration of existing leases; our inability to
generate sufficient cash flows due to market conditions,
competition, uninsured losses, changes in tax or other applicable
laws; geopolitical conflicts, such as the ongoing conflict between
Russia and Ukraine; the need to fund tenant improvements or other
capital expenditures out of operating cash flow; and the risk that
we are unable to raise capital for working capital, acquisitions or
other uses on attractive terms or at all and other factors detailed
in the Company's most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and other documents the Company files with the
Securities and Exchange Commission from time to time.
Investor and Media Contact:
David MordyDirector of Investor RelationsWhitestone REIT(713)
435-2219ir@whitestonereit.com
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