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.

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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.

Whitestone REIT offers long-term growth prospects with positive leasing spreads and potential for organic growth and acquisitions. The trust has a low payout ratio, growing dividend, and attractive valuation, making it a compelling investment for passive income investors. Whitestone REIT's concentrated portfolio in strong markets like Texas and Arizona, along with favorable market dynamics, indicates potential for sustained rental growth and outperformance.

Whitestone REIT: Monthly-Paying Growth REIT With A 3.7% Yield

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HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) is pleased to announce that The Picklr has opened at Eldorado Plaza in McKinney, Texas. The Picklr is North America's fastest-growing indoor pickleball franchise and it represents a strong upgrade in terms of tenant quality at the Trader Joe's-anchored center. In addition to increasing Eldorado's foot traffic, The Picklr helps the center better meet the needs of the surrounding community with a best in-class operator capitalizing on a sport designed to draw together people of all ages.

The Picklr Opens at Whitestone REIT's Eldorado Plaza in McKinney, Texas

HOUSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the third quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share.

Whitestone REIT Declares Third Quarter 2024 Dividend

Announces Board Leadership Changes Intends to Add Two New Trustees HOUSTON, June 03, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that the Board of Trustees (“Board”) has appointed Amy S. Feng, an independent Trustee, as the Chair of Whitestone's Board of Trustees, and Julia B.

Whitestone REIT Continues Board Refreshment

HOUSTON, May 29, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that CEO Dave Holeman will participate in a “Fireside Chat” at Nareit's 2024 REITweek Investor Conference. Mr. Holeman will be hosted by Citizens JMP Analyst Mitch Germain.

Whitestone REIT to Present at Nareit's REITweek 2024 Investor Conference

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Shopping centers have experienced a lack of development in the last 15 years, leading to full occupancy. The feedback mechanisms that usually regulate real estate cycles may not work in shopping centers, allowing for a prolonged period of outsized growth. Rental rates in shopping centers are still below the level needed for development to become viable, indicating a potential golden age for the sector.

The Shopping Center Golden Age Has Longevity

HOUSTON, May 14, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that, based on the preliminary vote count at the Company's 2024 Annual Meeting of Shareholders (the “Annual Meeting”), subject to the final certification of the voting results by the inspector of election, all six Whitestone's nominees have been re-elected to the Whitestone Board of Trustees (the “Board”).

Whitestone REIT Announces Preliminary Results of 2024 Annual Meeting of Shareholders

Whitestone's Turnaround Strategy Has Been Successful Under New Board / Leadership Team Our Reset Strategy Has Momentum and the Market Is Recognizing Our Accomplishments Do Not Let Erez Interrupt Our Momentum, Derail Our Strategy and Destroy Value Glass Lewis and Egan Jones, Two Leading Proxy Advisory Firms, Both Recommended that Shareholders Vote "FOR ALL" of Whitestone's Board Nominees on the WHITE Proxy Card HOUSTON, May 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it has issued a letter to shareholders related to the upcoming 2024 Annual Meeting of Shareholders scheduled to be held on May 14, 2024. The letter urges shareholders to vote the WHITE proxy card "FOR ALL" of Whitestone's highly qualified trustees standing for election.

Whitestone REIT Urges Shareholders to Support Its Highly Qualified Trustee Nominees at the Annual Meeting on May 14 – Vote Today Using the White Proxy Card

Whitestone's Inexperienced Board is Responsible for Years of Underperformance Driven by Uneconomic Capital Allocation, Inattentive Financial and Management Oversight, and Retrograde Corporate Governance Erez's Two Trustee Nominees Have the REIT Capital Markets, Shopping Center, and Public Company Board Experience Necessary to Create Long-Term Value for Whitestone Shareholders Erez Encourages Whitestone Shareholders to Vote Today "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card NEW ROCHELLE, N.Y. , May 9, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company"), today sent a letter to shareholders urging them to vote immediately to elect Erez's two trustee candidates – Catherine Clark and Bruce Schanzer – to Whitestone's Board of Trustees (the "Board") at the Company's Annual Meeting of Shareholders, which will be held on Tuesday, May 14, 2024.

EREZ ASSET MANAGEMENT OUTLINES SPECIFIC INITIATIVES ITS NOMINEES WILL ADVANCE IF ELECTED TO WHITESTONE REIT BOARD

Whitestone Seeks to Distract Shareholders from its Board and Management's Many Failings and Scandals by Promoting a False Narrative About Erez's Intentions Urgent Change is Desperately Needed at Whitestone, with New Trustees that Bring Relevant REIT Capital Markets and Shopping Center Experience, to Create Long-Term Value for Shareholders Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card NEW ROCHELLE, N.Y. , May 8, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today sent a letter to the Company's shareholders.

EREZ ASSET MANAGEMENT SENDS LETTER TO WHITESTONE SHAREHOLDERS QUESTIONING RECENT CONDUCT OF WHITESTONE REIT BOARD

Reiterates the Need for Change at Whitestone, the Shopping Center REIT that Trades at the Biggest Discount to NAV of its Cited Peers Notes the Irony of a Board Filled with Undisclosed Former Service Providers to Mr. Mastandrea Claiming that One Call with Mr.

EREZ ASSET MANAGEMENT RESPONDS TO FALSE ACCUSATIONS IN WHITESTONE REIT'S PRESS RELEASE

Glass Lewis Further Recommends That Shareholders Do Not Vote For Any EREZ Nominees Glass Lewis Further Recommends That Shareholders Do Not Vote For Any EREZ Nominees

Leading Proxy Advisory Firm Glass Lewis Recommends That Shareholders Vote FOR ALL of Whitestone REIT's Board Nominees on the WHITE Proxy Card

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt.

Whitestone REIT Reports First Quarter 2024 Results

ISS Finds that Erez Makes a "Compelling Case" and Erez Nominee Bruce Schanzer Would Bring Relevant Shopping Center REIT Experience, an Independent Perspective, and a History of Engaging Collaboratively with Shareholders to the Board Erez Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card NEW ROCHELLE, N.Y. , April 30, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended shareholders vote on Erez's BLUE proxy card "FOR" Erez nominee Bruce Schanzer and "WITHOLD" from Whitestone nominee Nandita Berry.

LEADING PROXY ADVISORY FIRM ISS RECOMMENDS WHITESTONE REIT SHAREHOLDERS VOTE FOR CHANGE USING EREZ ASSET MANAGEMENT'S BLUE PROXY CARD

Board Highlights Proven Turnaround Strategy Executed by New Leadership Team Since Early 2022 Erez's Materials Demonstrate Lack of Understanding of Whitestone's Business Mr. Schanzer's Indicating He Never Advocated For a "Corporate Unwind Scenario" Displays His Lack of Honesty and Transparency with Shareholders Erez's One-Dimensional Strategy Is an Attempt to Generate Short-Term Gains at the Expense of Long-Term Shareholder Value Creation HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) announced today that it has mailed a letter to shareholders in connection with its 2024 Annual Meeting of Stockholders scheduled to be held on May 14, 2024, urging shareholders to vote the WHITE proxy card “FOR ALL” of Whitestone's highly qualified trustees standing for election.

Whitestone REIT Board of Trustees Sets the Record Straight

Whitestone's Presentation Twists the Facts and Fails to Address the Company's Significant Underperformance and the Board's Misguided Capital Allocation and Manifest Governance Failures Erez Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer, Two Experienced Real Estate Executives, and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card NEW ROCHELLE, N.Y. , April 26, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today sent a letter to Whitestone shareholders calling out the Whitestone Board of Trustees (the "Board") for obfuscating facts and ignoring key criticisms.

EREZ ASSET MANAGEMENT SENDS LETTER TO WHITESTONE REIT SHAREHOLDERS COMMENTING ON THE BOARD'S LACK OF CANDOR

Our Strong, Thoughtfully Refreshed Board Has Executed on Driving Shareholder Value Urges Shareholders to Vote “FOR” ONLY Whitestone REIT's Highly Qualified Trustee Nominees on the WHITE Proxy Card Today HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that it filed an investor presentation with the Securities and Exchange Commission (the “SEC”) in connection with its 2024 Annual Meeting of Shareholders on May 14, 2024. The presentation is available at https://ir.whitestonereit.com/news-and-events/presentations/default.aspx.

Whitestone REIT Publishes Investor Presentation Highlighting Execution of Our Strategy to Continue Driving Long Term Sustainable Value Creation

Highlights the Whitestone Board's Performance and Governance Failures and Details How Erez's Trustee Nominees Can Help Restore Value for Shareholders Erez Urges Whitestone Shareholders to Protect Their Investment by Voting "FOR" Catherine Clark and Bruce Schanzer and to "WITHHOLD"  from David Taylor and Nandita Berry Using the BLUE  Proxy Card View the Presentation at erezassetmgmt.com NEW ROCHELLE, N.Y. , April 23, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company"), today released a presentation outlining the need for change to Whitestone's Board of Trustees (the "Board") and detailing how Erez's trustee nominees, Catherine Clark and Bruce Schanzer, can help to improve the Company's performance and restore value for shareholders.

EREZ ASSET MANAGEMENT RELEASES PRESENTATION OUTLINING THE CASE FOR CHANGE AT WHITESTONE REIT

Whitestone REIT has highly advantaged properties in 5 submarkets, leading to higher rents and potential property value of $20 per share. The tight occupancy and increasing demand in these markets have resulted in rental rates increasing by 20% and expected to continue growing. The ongoing proxy battle between activist investor Erez Asset Management and Whitestone may determine the future path of the company, either through a sale or continued operation.

Whitestone REIT: Undersupplied Submarkets Portend Growth

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Whitestone REIT is experiencing growth in its FFO and occupancy, with a projected double-digit growth rate in FFO for 2024. The trust solidly covers its dividend with FFO and recently raised its dividend by 3%, making it an attractive investment for passive income investors. Whitestone REIT's concentrated real estate footprint in economically vibrant markets provides potential for above-average FFO growth.

Whitestone REIT: A Concentrated REIT With A 4.4% Yield

Whitestone's (WSR) acquisition of Scottsdale Commons in Scottsdale, AZ, for $22.2 million comes as part of its efforts to expand in the fast-growing, high-household-income markets.

News for Whitestone REIT Stock (WSR)