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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HOUSTON, March 02, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT gets “Into the Zone” by adding AutoZone to its Fountain Hills Plaza property in Arizona.

Whitestone Improves Tenant Mix, Increases Occupancy by 3.5%, and Increases NOI by 6.3% at Its Fountain Hills Plaza Property in AZ; Adds AutoZone to its High Quality, E-Commerce Resistant Tenant Base

Whitestone REIT (WSR) CEO Jim Mastandrea on Q4 2020 Results - Earnings Call Transcript

Whitestone (WSR) delivered FFO and revenue surprises of -7.69% and 1.69%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Whitestone (WSR) Q4 FFO Lag Estimates

-Net Income Per Diluted Share Attributable to Whitestone REIT of $0.07 for the Fourth Quarter and $0.14 for the Full Year- -Leading the Shopping Center Industry in Foot Traffic Recovery at its Properties(1)-

Whitestone REIT Reports Fourth Quarter and Full Year 2020 Results & Provides COVID-19 Update

HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) announces that the Board of Trustees approved an annual increase of 2.4% to the quarterly shareholder dividend to $0.1075. This will increase the current monthly dividend of $0.035 per share to $0.035833 per share when Whitestone distributes its 127th consecutive monthly dividend since its IPO in August 2010.

Whitestone Increases Quarterly Dividend 2.4% to $0.1075 Per Share, Paid Monthly for the 127th Consecutive Month

HOUSTON, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2020 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2020, which will be reported on Form 1099-DIV, are as follows:

Whitestone REIT Announces Tax Characteristics of 2020 Distributions

HOUSTON, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the fourth quarter and year-end 2020 after the market close on Wednesday, February 24, 2021.

Whitestone REIT Announces Fourth Quarter and Year End 2020 Earnings Webcast and Conference Call

HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) is pleased to welcome Gabriella's American Cuisine to Arizona.

Whitestone Welcomes Gabriella's American Cuisine, and the Migration of Successful CA Restaurateurs to Mercado at Scottsdale Ranch in AZ

WSR trades for very low multiples of FFO and TBV. The stock looks poised for another rally after consolidating.

Whitestone REIT: Finally, A Value Stock

HOUSTON, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) is a leader in community-centered REITs that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers, and premier shopping, dining and entertainment destinations. The Company announced that Jim Mastandrea, Chairman and Chief Executive Officer, and David Holeman, Chief Financial Officer will provide a virtual overview of the Company's business to the investment community at the Capital One Securities Inaugural REIT Conference on Monday, January 11th, and Tuesday, January 12th, 2021.

Whitestone REIT to Participate in the Capital One Securities Inaugural REIT Conference

HOUSTON, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) is a leader in community-centered REITs that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers, and premier shopping, dining and entertainment destinations, today announced that Jim Mastandrea, Chairman and Chief Executive Officer, and David Holeman, Chief Financial Officer will provide a virtual overview of the Company's business to the investment community at the ICR Annual Conference 2021 on Monday, January 11, 2021.

Whitestone REIT To Present at the ICR Annual Conference 2021

For retail properties the affluence and density of the three-mile catchment radius is a huge predictor of success. A greater number of potential customers with greater disposable income means more sales and therefore higher rent.

Whitestone REIT Has The Best Retail Locations

HOUSTON, Dec. 31, 2020 (GLOBE NEWSWIRE) -- Scuderia Southwest's “Coffee and Cars” will be starting the New Year off with another high-octane event at Whitestone REIT's Market Street at DC Ranch property in North Scottsdale, Arizona. The monthly Scottsdale Motorsports Gathering brings its collection of Ferraris, Fords, Lamborghinis, Bentleys and other rare and exotic cars back to Whitestone's highly desirable DC Ranch property and has become a significant foot traffic driver to the property, increasing traffic 26% on the Saturdays the event is held as compared to other Saturdays in the month.

“Coffee and Cars” Monthly Showcase Increasing Foot Traffic by 26% at Whitestone's Market Street at DC Ranch

HOUSTON, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) provides investors with a recap of positive developments despite the challenges the COVID19 Pandemic imposed on the broader economy.

Whitestone Provides a 2020 Year-End Highlights Recap

HOUSTON, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”), a leading community-centered REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle centers, is pleased to announce its first annual Corporate Responsibility and Sustainability Report. The report provides additional disclosure related to the Company's ongoing commitment to its community, its stakeholders, and its Environmental, Social and Governance (ESG) initiatives and is available on our website at Whitestone REIT Corporate Responsibility & Sustainability Report.

Whitestone REIT Publishes Its Inaugural Corporate Responsibility and Sustainability Report

HOUSTON, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Recently announced by S&P Global Market Intelligence (S&P) in a December 7th article, Whitestone REIT (NYSE: WSR) ranked first in year-over-year (“YOY”) recovery in Black Friday foot traffic. The analysis by S&P, which sourced data from AirSage, reveals that the foot traffic in Whitestone centers has recovered to 80.4% of the previous year's foot traffic levels as compared to the overall public shopping center industry average of a 48% recovery.( 1)

Whitestone REIT Ranks #1 with Strongest Property Foot Traffic Recovery in the US Publicly Traded Shopping Center Industry

HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) continues to grow occupancy by drawing expanding businesses to its properties located in the high growth markets of Frisco, TX and other surrounding areas of Dallas.

Whitestone Added 9,000 Square Feet of New Tenants at Shops of Starwood Increasing NOI by 16% at the Center and Capitalizing on the Supercharged Growth in Frisco, TX

HOUSTON, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”), a leading owner and operator of open-air, e-commerce resistant, lifestyle community-centered retail properties located in the largest, fastest-growing and most affluent Texas and Arizona markets in the Sunbelt, provides a business update regarding the dividend for the first quarter of 2021, liquidity borrowings, and rental collections for the month of November.

Whitestone Declares First Quarter 2021 Dividends, Provides a Business Update Related to COVID-19 Rental Collections and Liquidity Borrowings

HOUSTON, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) is pleased to announce well-known local entrepreneur and restaurateur Sheila Bryson has done it again… this time, despite COVID. Sheila is opening her sixth business venture, and fourth restaurant, within the business-friendly confines of another Whitestone community. ALMA restaurant, a chef-inspired “West by Southwest” creation, will be opening at Scottsdale Seville, in Scottsdale, AZ.

Whitestone Continues to Add Tenants, Welcoming the Opening of Local Entrepreneur Sheila Bryson's Latest Restaurant, ALMA, to its North Scottsdale Seville Property in Arizona

Continues Adding Tenants that Meet the Needs of Local Neighborhoods Continues Adding Tenants that Meet the Needs of Local Neighborhoods

Whitestone REIT Welcomes Firm Body Pilates Training Studio to its Citadel Community in Arizona 

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Whitestone REIT (WSR) CEO James Mastandrea on Q3 2020 Results - Earnings Call Transcript

HOUSTON, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2020 along with an update on its business activities in light of the ongoing COVID-19 pandemic. Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.

Whitestone REIT Reports Third Quarter 2020 Results & Provides COVID-19 Update

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