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 Q3 2020

Earnings data Q2 2021

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Earnings data Q2 2024

Whitestone REIT reports strong Q1 performance, addresses challenges, and capitalizes on opportunities

Whitestone REIT's Q1 2023 performance showcased strong leasing activity, revenue growth, and balance sheet improvement. The company is focused on achieving 2023 objectives, addressing challenges with declining occupancy and sluggish development progress, while capitalizing on opportunities for asset recycling, debt refinancing, and board diversity.

Whitestone REIT reports strong Q2 earnings despite legal challenges

Whitestone REIT's Q2 2023 earnings call highlighted revenue growth, strong leasing activity, and a focus on governance improvements. Legal expenses impacted earnings, but the company sees opportunities for growth in 2024 through potential gains from litigation and debt reduction.

Whitestone REIT reports strong Q3 performance and innovative partnerships

Whitestone REIT delivered strong financial performance in Q3 2023, with consistent leasing spreads, revenue growth, and occupancy increases. The company's focus on quality of revenue, intentional remerchandising efforts, and innovative partnerships position it for sustained growth. While challenges exist in maintaining and upgrading tenant quality, opportunities in cost savings and innovative partnerships present potential for future success.

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Federal Realty Investment Trust

Macerich

National Retail Properties

Realty Income Corp

Washington Prime Group

The New York and St. Louis Feds, meanwhile, have even worse estimates at -47 percent and -50 percent, respectively.

Offense Might Win Games, But Defense Wins Championships

HOUSTON, June  22, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) announced today that Company Chairman and CEO Jim Mastandrea has been invited to present at The Impact of the COVID-19 Pandemic on Real Estate webinar, presented by Maxim Group and M-Vest on Tuesday June 23rd, 2020.

Whitestone REIT to Present at COVID-19 Webinar Hosted by Maxim Group on June 23, 2020

HOUSTON, June  16, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of  $0.035 per share on the Company’s common shares and operating partnership units. The dividend amount of $0.035 per share represents a quarterly amount of $0.105, and an annualized amount of $0.42 per share. The third quarter dividend distribution for 2020 will be as detailed below:

Whitestone REIT Declares Third Quarter 2020 Dividends and Provides a Rental Collections Update

 Collects Industry-Leading April Rental Collections of 83.6%  May Rental Collection of 67.4%, Higher than Reported Industry Average of 59.5%(1)

Whitestone Provides a Business Update Related to COVID-19

HOUSTON, May  15, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) announced today that its Board of Trustees (the “Board”) has approved a short-term shareholder rights plan (the “Plan”) to protect the long-term interests of the Company and its shareholders. The Board has adopted the Plan at this time due to the substantial volatility in the market generally, and in trading of the Company’s common shares of beneficial interest (the “Common Shares”), that has resulted from the ongoing COVID-19 pandemic.

Whitestone REIT Adopts Short-Term Shareholder Rights Plan

Whitestone REIT (WSR) CEO Jim Mastandrea on Q1 2020 Results - Earnings Call Transcript

HOUSTON, May  06, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today clarified the time of its 2020 Annual Meeting of Shareholders (the “Annual Meeting”). As previously stated in its Notice to Shareholders and proxy statement, the Annual Meeting will be held virtually at 10:00am Mountain Standard Time, which is 12:00pm Central Daylight Time on May 14, 2020.

Whitestone REIT Clarifies Time of Its Annual Shareholder Meeting to be Held May 14, 2020

AGNC Investment

Capitala Finance

Cross Timbers Royalty

Gladstone Investment

Global Net Lease

Horizon Technology Finance

Prospect Capital

Stellus Capital Investment

Solar Senior Capital

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With Outstanding Assets in Attractive Markets and a Strong Balance Sheet, Whitestone Believes that it Remains Well-Positioned for Long-Term Value Creation

Whitestone REIT Provides Business Update on Impact of COVID-19

Whitestone REIT (WSR) CEO James Mastandrea on Q4 2019 Results - Earnings Call Transcript

HOUSTON, Feb.  13, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”), a leading owner and operator of e-commerce resistant, community-centered retail properties producing industry leading, long-term Total Shareholder Returns(1), announced today that Jeff Jones has been added to the Company’s Board of Trustees (the “Board”) as a Class II member of the Board, effective today. With the addition of Mr. Jones, the Board will expand to seven members.   

Whitestone Adds Another Independent Member to the Board of Trustees, Expanding the Board to Seven Members

HOUSTON, Jan.  29, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”)  released the Federal income tax treatment of 2019 cash distributions to holders of common shares (CUSIP 966084204).  The final classifications of the distributions for 2019, which will be reported on Form 1099-DIV, are as follows:  

Whitestone REIT Announces Tax Characteristics of 2019 Distributions

American Fin Tr Inc - Ordinary Shares - Class A

New Senior Investment Group

Fresh Out Of Luck: 4 High-Yield REITs To Avoid In 2020

HOUSTON, Jan.  15, 2020  (GLOBE NEWSWIRE) -- Well-known local owner and operator of the Soul Café in Scottsdale, AZ, Sheila Bryson brings her latest concept creations Vic & Ola’s and the Copper Club to Market Street at DC Ranch. The visionary who put the heart into Soul Café, Chef Sheila Bryson is known as one of Scottsdale's most creative entrepreneurs who has her finger on the pulse of what the Scottsdale community’s appetite has craved for more than a decade. She has been setting trends in dining and fashion with her award-winning restaurants and her stylish clothing boutiques, Barbwire Western Couture and Lost Soul boutique, and now is coming to DC Ranch.

Whitestone Sees Expansion of Thriving Businesses at Its Market Street at DC Ranch Property with the Addition of Vic and Ola’s and The Copper Club

HOUSTON, Dec.  31, 2019  (GLOBE NEWSWIRE) -- Locally famous Austin restaurant concept creators chef Amir Hajimaleki and brother Ali will be bringing two new concepts to Whitestone’s Parkside Village property in Austin, Texas. Adding another 8,043 square feet of occupancy, the brothers will be using an efficient and creative twist… operating two separate restaurant concepts utilizing one kitchen.  

Whitestone Welcomes Two New Restaurant Concepts Oasthouse Kitchen + Bar and Keepers Restaurant to its Parkside Village South Property in Austin, Texas

Shares of the “e-commerce resistant” REIT are flat but delivering a hefty 8.5% dividend.

Is Whitestone REIT a Great Dividend Investment?

The Announcement Represents its 113th, 114th, and 115th Consecutive Monthly Dividend Distributions The Announcement Represents its 113th, 114th, and 115th Consecutive Monthly Dividend Distributions

Whitestone REIT’s Board of Trustees Declares First Quarter 2020 Dividends

The Acquisition follows Microsoft’s Recently Announced Expansion in the Neighborhood The Acquisition follows Microsoft’s Recently Announced Expansion in the Neighborhood

Whitestone Reports the Acquisition of Las Colinas Village in Dallas

HOUSTON, Dec.  04, 2019  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) kicks off the holiday season on Thursday, December 5th with the 6th Annual Christmas Tree Lighting and Hot Cocoa Stroll Event from 5:30pm to 8:00pm at its Market Street at DC Ranch property in Scottsdale, Arizona.

Whitestone Hosts its 6th Annual Christmas Tree Lighting and Hot Cocoa Stroll Event at Market Street at DC Ranch

Enhances the Property Value with Upgraded, ADA-Compliant and Socially Conscience Features Enhances the Property Value with Upgraded, ADA-Compliant and Socially Conscience Features

Whitestone Completes the Redevelopment Investment at Williams Trace Plaza

HOUSTON, Nov.  05, 2019  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”)  announced today the expansion of its legal team with the hiring of Peter Tropoli as General Counsel. At Whitestone, Peter will be responsible for leading the Legal Department and will be part of the Strategic Management Team reporting to CEO Jim Mastandrea.

Whitestone Welcomes the Addition of Peter Tropoli as General Counsel

Whitestone REIT (WSR) CEO Jim Mastandrea on Q3 2019 Results - Earnings Call Transcript

HOUSTON, Oct.  22, 2019  (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE: WSR) (“Whitestone” or the “Company”) expertise in crafting the best tenant mix to meet the needs of the local community providing sustainable cash flow despite the ongoing retail headwinds is reflected by the recent additions of Sprint, The UPS Store, Iora Health (Humana), PAE, and the expansion of Vishala Grocery to Providence Plaza.

Whitestone Improves Tenant Mix of Providence Plaza and the Stability of Cash Flows Despite Retail Headwinds

Nets Gain on Sale of $14 Million in the Fourth Quarter Nets Gain on Sale of $14 Million in the Fourth Quarter

Whitestone Announces Non-Core Asset Sales of $39.7 Million

HOUSTON, Sept.  30, 2019  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) announced the 100% lease up completion of a pad site at Fulton Ranch Towne Center property in Chandler, Arizona. Producing attractive financial rewards for Whitestone shareholders, the development results in a stabilized NOI of $263,000, an unlevered return on total cost of 8.8%, and contributes a 16.7% increase of NOI to the center.  

News for Whitestone REIT Stock (WSR)