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Whitestone REIT Announces Tax Characteristics of 2024 Distributions

1. Whitestone REIT announced cash distribution tax treatment for 2024. 2. Total distribution per share for 2024 is $0.491250. 3. Distributions include ordinary dividends and capital gains. 4. Shareholders should consult tax advisors for specific treatment. 5. The company emphasizes community-centered retail centers for growth.

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Why Bullish?

The consistent cash distributions indicate stability and potential appeal to investors. Past examples show that reliable dividends generally support stock prices.

How important is it?

The article discusses significant dividend information which can directly affect investor sentiment. Reliable income through dividends is crucial for income-focused investors.

Why Short Term?

Immediate focus on 2024 distributions may influence short-term stock performance. In the past, quarterly announcements have led to price fluctuations.

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WSR
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- 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 DateRecord DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Dividends (2) 1/3/241/4/20241/11/2024$0.040000$0.024476 $0.014888 $0.004986 $0.000636 $0.024476 2/1/20242/2/20242/12/2024$0.040000$0.024476 $0.014888 $0.004986 $0.000636 $0.024476 3/1/20243/4/20243/14/2024$0.040000$0.024476 $0.014888 $0.004986 $0.000636 $0.024476 4/1/20244/2/20244/11/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 5/1/20245/2/20245/14/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 6/4/20246/4/20246/13/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 7/5/20247/5/20247/11/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 8/2/20248/2/20248/14/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 9/4/20249/4/20249/12/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 10/2/202410/2/202410/10/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 11/4/202411/4/202411/14/2024$0.041250$0.025241 $0.015353 $0.005141 $0.000656 $0.025241 12/3/202412/3/202412/12/2024$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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