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Stock impact report

Whitestone REIT: 4.1% Dividend Yield, Recent Hike And Sunbelt Focus [Seeking Alpha]

Whitestone REIT Common Shares (WSR) 
Last whitestone reit common shares earnings: 2/26 04:15 pm Check Earnings Report
US:NYSE Investor Relations: whitestonereit.com
Company Research Source: Seeking Alpha
The REIT is set to benefit from its property portfolio's concentration on fast-growing sunbelt markets, particularly Arizona and Texas. WSR's dividend is expected to see a continued recovery on the back of double-digit leasing spreads and rising occupancy rates in its largest markets. Whitestone REIT ( NYSE: WSR ) just hiked its monthly cash dividend by 3.2% after two years of keeping the payout constant. The sunbelt-focused retail REIT declared a cash dividend of $0.04125 per share , roughly $0.495 per share annualized, for a 4.1% dividend yield. The distribution is still a long way away from its pre-pandemic level, but future growth is promising with WSR set to benefit from its property portfolio's concentration on fast-growing sunbelt markets, specifically Arizona and Texas, as double-digit leasing spreads and a prudent balance sheet look set to possibly drive a coming wave of dividend raises. Hence, while WSR's yield is lower than comparable high-quality retail REIT peers l Show less Read more
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