Whitestone REIT Announces Tax Characteristics of 2024 Distributions
Whitestone REIT (NYSE: WSR) has released the federal income tax treatment details for its 2024 cash distributions to common shareholders. The company paid total distributions of $0.491250 per share throughout 2024, distributed monthly. The tax characteristics breakdown shows:
- Ordinary Dividends: $0.300597 (61.2%)
- Total Capital Gain Distribution: $0.182841 (37.2%)
- Unrecaptured Sec 1250 Gain: $0.061227
- Return of Capital: $0.007812 (1.6%)
- Section 199A Dividends: $0.300597
Monthly distributions increased from $0.040000 per share in Q1 to $0.041250 for the remaining months of 2024.
Whitestone REIT (NYSE: WSR) ha rilasciato i dettagli sul trattamento fiscale federale per le sue distribuzioni in contante ai soci comuni per il 2024. L'azienda ha effettuato distribuzioni totali di $0.491250 per azione durante il 2024, distribuite mensilmente. La suddivisione delle caratteristiche fiscali mostra:
- Dividendi Ordinari: $0.300597 (61.2%)
- Distribuzione Totale di Capital Gain: $0.182841 (37.2%)
- Gain Sec 1250 Non Recuperati: $0.061227
- Rimborso di Capitale: $0.007812 (1.6%)
- Dividendi Sezione 199A: $0.300597
Le distribuzioni mensili sono aumentate da $0.040000 per azione nel primo trimestre a $0.041250 per i mesi rimanenti del 2024.
Whitestone REIT (NYSE: WSR) ha publicado los detalles del tratamiento fiscal federal para sus distribuciones en efectivo a los accionistas comunes para 2024. La compañía pagó distribuciones totales de $0.491250 por acción a lo largo de 2024, distribuidas mensualmente. El desglose de las características fiscales muestra:
- Dividendos Ordinarios: $0.300597 (61.2%)
- Distribución Total de Ganancia de Capital: $0.182841 (37.2%)
- Ganancia Sección 1250 No Recuperada: $0.061227
- Devolución de Capital: $0.007812 (1.6%)
- Dividendos Sección 199A: $0.300597
Las distribuciones mensuales aumentaron de $0.040000 por acción en el primer trimestre a $0.041250 para los meses restantes de 2024.
Whitestone REIT (NYSE: WSR)는 2024년 일반 주주에 대한 현금 배당의 연방 소득세 처분 세부 사항을 발표했습니다. 이 회사는 2024년 동안 $0.491250 per share의 총 배당금을 매달 지급했습니다. 세금 특성의 분석은 다음과 같습니다:
- 일반 배당금: $0.300597 (61.2%)
- 총 자본 이득 분배: $0.182841 (37.2%)
- 회수되지 않은 섹션 1250 이득: $0.061227
- 자본 반환: $0.007812 (1.6%)
- 섹션 199A 배당금: $0.300597
월 배당금은 1분기당 $0.040000에서 2024년 남은 달동안 $0.041250로 증가했습니다.
Whitestone REIT (NYSE: WSR) a publié les détails du traitement fiscal fédéral pour ses distributions en espèces aux actionnaires ordinaires pour 2024. La société a effectué des distributions totales de $0.491250 par action tout au long de 2024, distribuées mensuellement. La répartition des caractéristiques fiscales montre :
- Dividendes Ordinaires : $0.300597 (61.2%)
- Distribution Totale de Gains en Capital : $0.182841 (37.2%)
- Gain Non Récupéré de la Section 1250 : $0.061227
- Retour de Capital : $0.007812 (1.6%)
- Dividendes de la Section 199A : $0.300597
Les distributions mensuelles ont augmenté de $0.040000 par action au premier trimestre à $0.041250 pour les mois restants de 2024.
Whitestone REIT (NYSE: WSR) hat die Details zur bundesstaatlichen Einkommenssteuerbehandlung seiner Barverteilungen an die Stammaktionäre für 2024 veröffentlicht. Das Unternehmen zahlte im Laufe des Jahres 2024 insgesamt $0.491250 pro Aktie, die monatlich verteilt wurden. Die Aufschlüsselung der steuerlichen Merkmale zeigt:
- Ordentliche Dividenden: $0.300597 (61.2%)
- Gesamte Kapitalgewinnausschüttung: $0.182841 (37.2%)
- Unwiederhergestellter Sek. 1250 Gewinn: $0.061227
- Rückzahlung des Kapitals: $0.007812 (1.6%)
- Section 199A Dividenden: $0.300597
Die monatlichen Ausschüttungen erhöhten sich von $0.040000 pro Aktie im ersten Quartal auf $0.041250 für die verbleibenden Monate des Jahres 2024.
- Monthly dividend payments maintained consistently throughout 2024
- Dividend increase from $0.040 to $0.041250 per share implemented in Q2 2024
- 61.2% of distributions qualified as ordinary dividends eligible for Section 199A deduction
- Small portion (1.6%) of distribution classified as return of capital, reducing shareholders' cost basis
Insights
The detailed tax classification of Whitestone REIT's 2024 distributions reveals important insights for investors' tax planning. The total annual distribution of
Breaking down the distribution components:
- Ordinary Dividends:
$0.300597 (61.2% ) - Fully qualified for the Section 199A deduction, allowing eligible taxpayers to deduct up to20% of this portion - Capital Gains:
$0.182841 (37.2% ) - Including$0.061227 of Unrecaptured Section 1250 Gain, which is taxed at a maximum rate of25% - Return of Capital:
$0.007812 (1.6% ) - This non-taxable portion reduces the cost basis of shares
The tax composition reflects efficient capital management, with the relatively low return of capital indicating strong operating performance. The high proportion of ordinary dividends qualifying for Section 199A treatment offers valuable tax advantages for individual investors. The capital gains component suggests successful property dispositions or appreciation, while the modest return of capital provides some tax deferral benefits without raising sustainability concerns.
This distribution structure aligns with high-quality retail REITs, offering a balanced mix of tax-efficient income streams. The monthly payment schedule, with a mid-year increase, demonstrates consistent cash flow generation and management's confidence in the portfolio's performance.
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 Date | Record Date | Payable Date | Total Distribution Per Share | Ordinary Dividends | Total Capital Gain Distribution | Unrecaptured Sec 1250 Gain (1) | Return of Capital (Nontaxable Distribution) | Section 199A Dividends (2) | |||||||||||
| 1/3/24 | 1/4/2024 | 1/11/2024 | $ | 0.040000 | $ | 0.024476 | $ | 0.014888 | $ | 0.004986 | $ | 0.000636 | $ | 0.024476 | |||||
| 2/1/2024 | 2/2/2024 | 2/12/2024 | $ | 0.040000 | $ | 0.024476 | $ | 0.014888 | $ | 0.004986 | $ | 0.000636 | $ | 0.024476 | |||||
| 3/1/2024 | 3/4/2024 | 3/14/2024 | $ | 0.040000 | $ | 0.024476 | $ | 0.014888 | $ | 0.004986 | $ | 0.000636 | $ | 0.024476 | |||||
| 4/1/2024 | 4/2/2024 | 4/11/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 5/1/2024 | 5/2/2024 | 5/14/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 6/4/2024 | 6/4/2024 | 6/13/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 7/5/2024 | 7/5/2024 | 7/11/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 8/2/2024 | 8/2/2024 | 8/14/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 9/4/2024 | 9/4/2024 | 9/12/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 10/2/2024 | 10/2/2024 | 10/10/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 11/4/2024 | 11/4/2024 | 11/14/2024 | $ | 0.041250 | $ | 0.025241 | $ | 0.015353 | $ | 0.005141 | $ | 0.000656 | $ | 0.025241 | |||||
| 12/3/2024 | 12/3/2024 | 12/12/2024 | $ | 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
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 Mordy
Director of Investor Relations
Whitestone REIT
(713) 435-2219
ir@whitestonereit.com
FAQ
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