Whitestone REIT Announces Tax Characteristics of 2022 Distributions

Rhea-AI Summary

Whitestone REIT (NYSE: WSR) announced the federal income tax treatment of 2022 cash distributions for its common shareholders. For the total distribution of $0.467499 per share, all of it qualifies as ordinary dividends. The distributions were made on a monthly basis throughout 2022, with specific amounts of $0.035833 for the first three months and increasing to $0.040000 in the latter months. Shareholders are advised to consult their tax advisors for personalized tax treatment regarding these distributions.

Whitestone focuses on community-centered, open-air retail centers in high-growth markets across Texas and Arizona.

Positive

• Total distribution per share for 2022 is $0.467499, fully classified as ordinary dividends.
• Distributions were consistently paid monthly throughout 2022, demonstrating financial stability.

Negative

• None.

HOUSTON, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2022 cash distributions to holders of common shares (CUSIP 966084204). The federal tax treatment of 2022 distributions as it is expected to be reported on Form 1099-DIV is as follows:

Record Date	Payable Date	Total Distribution Per Share		Ordinary Dividends		Total Capital Gain Distribution		Unrecaptured Sec 1250 Gain		Return of Capital (Nontaxable Distribution)		Section 199A Dividends (1)
1/4/2022	1/13/2022	$0.035833		$0.035833		$0.000000		$0.000000		$0.000000		$0.035833
2/2/2022	2/11/2022	$0.035833		$0.035833		$0.000000		$0.000000		$0.000000		$0.035833
3/2/2022	3/11/2022	$0.035833		$0.035833		$0.000000		$0.000000		$0.000000		$0.035833
4/4/2022	4/14/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
5/3/2022	5/12/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
6/2/2022	6/14/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
7/5/2022	7/13/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
8/2/2022	8/12/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
9/6/2022	9/14/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
10/4/2022	10/12/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
11/2/2022	11/14/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
12/2/2022	12/14/2022	$0.040000		$0.040000		$0.000000		$0.000000		$0.000000		$0.040000
	2022 Total	$0.467499		$0.467499		$0.000000		$0.000000		$0.000000		$0.467499

(1)   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 distributions.

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 our investor relations website.

Investor and Media Contact:

David Mordy
Director of Investor Relations
Whitestone REIT
(713) 435-2219
ir@whitestonereit.com

FAQ

What is the total distribution per share from Whitestone REIT (WSR) for 2022?

The total distribution per share from Whitestone REIT (WSR) for 2022 is $0.467499.

How are the 2022 distributions for WSR classified for tax purposes?

The 2022 distributions for WSR are classified entirely as ordinary dividends.

What were the monthly cash distribution amounts for WSR in 2022?

The monthly cash distribution amounts for WSR in 2022 were primarily $0.035833 for the first three months and $0.040000 for the remaining months.

When were the distributions paid to shareholders of WSR in 2022?

The distributions were paid on specific dates each month throughout 2022, with payments made shortly after the record dates.

How should shareholders of WSR approach tax reporting for their distributions?

Shareholders of WSR are encouraged to consult their personal tax advisors regarding the specific tax treatment of their distributions.