Whitestone REIT

Whitestone REIT engages in the operation of commercial properties in culturally diverse markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Whitestone REIT surpasses Q4 expectations, strengthens financial position for growth

Whitestone REIT's Q4 2022 performance reflects resilience and strategic execution, surpassing expectations across key financial metrics.
The company's emphasis on operational excellence, debt reduction, and sustainability initiatives positions it well for future growth and value creation.
While facing challenges in managing leverage and operational costs, Whitestone REIT remains focused on seizing opportunities for expansion and market differentiation.

Whitestone REIT reports solid Q1 performance amidst growth opportunities

Whitestone REIT's Q1 performance showcased strong leasing activity, revenue growth, and operational improvements. The company's emphasis on tenant mix, interest rate risk management, and asset utilization underpin its financial strength. While facing challenges with project approvals, Whitestone REIT remains poised to leverage opportunities in developing pad sites and asset recycling for future growth.

Whitestone REIT posts strong Q2 results amidst legal challenges

Whitestone REIT reported a resilient performance in Q2 2023, with revenue growth, improved occupancy rates, and strategic acquisitions driving positive results. Despite legal expenses impacting earnings, the company showcased operational strength and market relevance.
The company's focus on high-growth cities, smaller retail spaces, and proximity to work-from-home customers aligns with evolving market trends. Whitestone's portfolio quality, strong leasing activity, and optimistic outlook position it for future growth and success.
Navigating challenges such as legal costs and changing consumer behaviors will require strategic agility and prudent financial management. By capitalizing on opportunities like location technology adoption and market positioning, Whitestone can drive sustained growth and profitability.

Whitestone REIT excels in Q3 with strong leasing and financial performance

Whitestone REIT's Q3 2023 performance reflected strong leasing spreads, NOI growth, and stable occupancy levels.
The company's emphasis on quality revenue, operational excellence, and financial stability were key strengths.
Challenges may stem from market uncertainties, interest expenses, and ongoing legal matters.
Opportunities for growth lie in strategic leasing, market expansion, and operational excellence.
Overall, Whitestone REIT's performance highlights a balance of strengths, challenges, and growth opportunities.

Whitestone REIT excels in Q4, eyes growth through strategic acquisitions

Whitestone REIT's Q4 earnings call highlighted strong performance, strategic acquisitions, and a bullish outlook for 2024. The company's community-focused approach, shorter leases for quick market capture, and emphasis on services over goods are key strengths. Challenges include litigation expenses, financing availability, and maintenance costs, while opportunities lie in rent growth, asset divestments, and innovative market strategies.

Whitestone REIT reports strong Q1 results amidst strategic acquisitions

Whitestone REIT's Q1 performance demonstrated resilience and growth, supported by strategic acquisitions and lease activity.
While challenges like debt management and the proxy contest exist, the company's strengths in financial discipline and portfolio performance position it well for the future.
Opportunities lie in showcasing long-term vision, optimizing debt strategies, and expanding in high-growth markets to drive sustained value creation.

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Whitestone REIT is a community-centered real estate investment trust that acquires, owns, operates, and develops open-air, retail centers located in culturally diverse markets of major metropolitan areas. The company was founded on August 20, 1998 and is headquartered in Houston, TX.

Let's see if Whitestone (WSR) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Whitestone (WSR) Stock Now?

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Whitestone REIT (WSR) CEO James Mastandrea on Q2 2021 Results - Earnings Call Transcript

Whitestone (WSR) delivered FFO and revenue surprises of 18.18% and 6.09%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Whitestone (WSR) Tops Q2 FFO and Revenue Estimates

HOUSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the second quarter of 2021. Whitestone seeks to create neighborhood center communities in its high quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in the largest, fastest-growing and most affluent markets in the Sunbelt.

Whitestone REIT Reports Second Quarter 2021 Results

While the largest players in the retail real estate space, like Simon Property Group (NYSE: SPG) and Realty Income (NYSE: O), get most of the attention, there are some big opportunities lurking among the smaller retail REITs.  One such opportunity is with Whitestone REIT (NYSE: WSR), a shopping center REIT with 59 properties in some of the fastest growing markets in the United States including Phoenix, Arizona and Dallas-Fort Worth, Texas.

This High-Yield Shopping Center REIT Is Trading At A Huge Discount

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Whitestone has property in the most affluent submarkets within some of the best markets. It has fundamentally outperformed peers and has significant growth ahead.

Whitestone Has Great Real Estate At Half Off

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Whitestone REIT Re-Activates Growth Plan, Acquires Lakeside Market Shopping Center in Preston Road Area of Plano, Texas

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HOUSTON, June 17, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) today announced that it has launched its new “Easy Lease” initiative, a technology-enabled expedited leasing process for entrepreneurial clients looking for “sign today, move in tomorrow” space. This new initiative is designed to attract a new and growing category of clients to Whitestone properties and increase 18-hour/7-day-a-week traffic. It is being implemented for select properties in Whitestone's portfolio, and the company plans to expand it to additional properties based on clients' needs.

Whitestone REIT Introduces “Easy Lease” Initiative Designed to Enhance Customer Experience, Increase Occupancy and Revenue in Its Texas and Arizona Properties

HOUSTON, June 11, 2021 (GLOBE NEWSWIRE) --  Whitestone REIT's (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of $0.035833 per share on the Company's common shares and operating partnership units. The dividend amount represents a quarterly amount of $0.1075, and an annualized amount of $0.43 per share. The third quarter dividend distribution for 2021 will be as detailed below:

Whitestone REIT Declares Third Quarter 2021 Dividends

Whitestone REIT has had a rather mixed operating history, with results languishing on the top and bottom lines.

Whitestone REIT: An Interesting Turnaround Prospect

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Whitestone's portfolio consists of stable shopping centers in Texas and Arizona markets.

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Whitestone REIT (WSR) CEO Jim Mastandrea on Q1 2021 Results - Earnings Call Transcript

Whitestone (WSR) delivered FFO and revenue surprises of -8.00% and -2.21%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Whitestone (WSR) Q1 FFO and Revenues Lag Estimates

-Net Income Per Diluted Share Attributable to Whitestone REIT of $0.03 for the First Quarter- -Strong New Tenant Leasing Volume of 116,993 SF and $19.9 Million in Total Lease Value-

Whitestone REIT Reports First Quarter 2021 Results

HOUSTON, April 16, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the first quarter ended March 31, 2021 after the market close on Tuesday, May 4, 2021.

Whitestone REIT Announces First Quarter 2021 Earnings Webcast and Conference Call

HOUSTON, April 06, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (“Whitestone” or the “Company”) (NYSE: WSR) announced that Rebecca Elliott, APR has joined Whitestone as Vice President, Corporate Communications, effective March 29, 2021. In her role, Elliott will oversee corporate communications and investor relations for Whitestone.

Whitestone REIT Appoints Rebecca Elliott as Vice President, Corporate Communications

HOUSTON, March 26, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT's (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of $0.035833 per share on the Company's common shares and operating partnership units. The dividend amount represents a quarterly amount of $0.1075, and an annualized amount of $0.43 per share. The second quarter dividend distribution for 2021 will be as detailed below:

News for Whitestone REIT Stock (WSR)