HOUSTON, March 20, 2017 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”), a real estate investment trust that acquires, owns and operates Community Centered Properties^TM, today announced that its Board of Trustees has declared a quarterly cash dividend for the 2017 Second Quarter of 28.5 cents per share on the Company’s common shares and operating partnership units.  The second quarter dividend will be paid in three installments of 9.5 cents each as detailed below:

About Whitestone REIT
Whitestone is a pure-play community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality “Ecommerce-resistant” neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone’s optimal mix of national, regional and local tenants provide daily necessities, needed services and entertainment to the community which are not readily available on the internet. Whitestone’s properties are located in business-friendly Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio, which are among the fastest-growing US population centers with highly educated workforces, high household incomes and strong job growth. Since the IPO in August 2010, Whitestone’s strategy has delivered compound annual growth rates of 39%, 22%, 24% and 31% in net income, revenue, NOI, and FFO Core, respectively. Visit www.whitestonereit.com for additional information.

Whitestone REIT Contact:
David K. Holeman
Chief Financial Officer
(713) 435-2227
dholeman@whitestonereit.com