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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Global Net Lease

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.  

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

News for Whitestone REIT Stock (WSR)