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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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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.  

Whitestone’s Investment in the Expansion of Its Fulton Ranch Town Center in Arizona Produces an 8.8% Unlevered Annual Return

The Announcement Represents its 110th, 111th, and 112th Consecutive Monthly Dividend Distributions The Announcement Represents its 110th, 111th, and 112th Consecutive Monthly Dividend Distributions

Whitestone REIT’s Board of Trustees Declares Fourth Quarter 2019 Dividends

Company Remains Laser Focused on Key Initiatives: Pursuing Accretive Growth Opportunities in Core Markets, Adding Value to Existing Properties and Delivering Strong Earnings Growth Company Remains Laser Focused on Key Initiatives: Pursuing Accretive Growth Opportunities in Core Markets, Adding Value to Existing Properties and Delivering Strong Earnings Growth

Whitestone REIT Wins Dismissal of Plaintiffs Class Action and Derivative Action Cases

Whitestone REIT (WSR) CEO James Mastandrea on Q2 2019 Results - Earnings Call Transcript

Whitestone REIT (WSR) CEO James Mastandrea on Q1 2019 Results - Earnings Call Transcript

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