Whitestone REIT Announces Share Repurchase Program and Dividend Change

Whitestone REIT's Board of Trustees has authorized a $50 million share repurchase program, allowing the company to buy back its outstanding common shares through May 20, 2028. The repurchases can occur through various methods, including open market transactions and accelerated share repurchases, with the exact timing and amount dependent on market conditions and share availability. The program does not obligate the company to repurchase a specific number of shares and may be modified or discontinued at any time. Additionally, the Board has approved a shift in the company's dividend payment schedule from monthly to quarterly. For the first quarter of 2026, a quarterly cash dividend of $0.1425 per share has been declared for both common shares and operating partnership units. This represents a 5.6% increase over the previous quarterly dividend. The dividend will be paid on March 30, 2026, to shareholders of record on March 16, 2026. Future dividend declarations remain at the discretion of the Board, influenced by financial performance, liquidity, capital needs, and market conditions. The company also announced that these changes were detailed in a press release issued on December 19, 2025.