Whitestone REIT (WSR) today announced that its Board of Trustees has declared a monthly cash dividend on the Company's common shares of $0.04 per share. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share.

“At Whitestone, we are continuing to advance our growth objectives, simultaneously growing earnings while strengthening our balance sheet,” said Dave Holeman, Whitestone’s CEO. “This dividend reflects the Board’s confidence in the underlying strength of Whitestone and its assets, its talented employees and the management team, and bright prospects for sustainable growth and value creation. We are proud of our improving results and cash flow generation and look forward to building and reporting on our progress.”

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.