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

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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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.

HOUSTON, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) announced today that, after careful review and consideration, the Board of Trustees of Whitestone has unanimously rejected a proposal by Bruce Schanzer, Chairman of Erez, demanding a majority change in our Board of Trustees with the sole purpose of embarking on an immediate sale or liquidation of Whitestone, without regard for maximizing long-term value for shareholders.

Whitestone REIT Board of Trustees Responds to Proposal from Bruce Schanzer / Erez Asset Management, LLC (“Erez”)

HOUSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) is pleased to announce that on Friday, December 8, 2023, the District Court in Harris County, Texas dismissed all claims made by former Whitestone CEO, James C. Mastandrea, against the Company and members of the Board of Trustees and management related to the termination of his employment. The lawsuit was filed by Mr. Mastandrea following his removal from the Company by the Board of Trustees in January 2022 claiming breach of his employment contract, negligence, tortious interference with contract, and civil conspiracy. Mr. Mastandrea was seeking a maximum of $25 million in damages and equitable relief.

Court Dismisses All Claims By Former CEO Against Whitestone REIT

HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the first quarter of 2024. The dividend increase represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share.

Whitestone REIT Declares First Quarter 2024 Dividend

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HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) is pleased to share leasing updates for two of its open-air shopping centers in Houston. The Company added Wild Fork, a modern-day meat and seafood market, at Lake Woodlands Crossing, bringing occupancy at the Total Wine anchored center to 100%. In addition, Whitestone added Vishala Foods, specializing in spices and produce used in Indian cuisine, at Sugar Park Plaza.

Whitestone REIT Adds Specialty Food Component at Lake Woodlands Crossing and Sugar Park Plaza Centers

Since my first article back in July this year, Whitestone REIT has outperformed the broader REIT market by 20% on a total return basis. The company's leasing spreads and like-for-like NOI have consistently grown, indicating strong demand for its properties. The Company has also improved its leverage profile further mitigating the potential refinancing risks in 2026.

Whitestone REIT: A More Clear Buy After Q3 Results

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Monthly Dividend Magic: The REIT Royal Flush

Whitestone REIT (NYSE:WSR ) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants David Mordy - Director of Investor Relations Dave Holeman - CEO & Director Scott Hogan - Chief Financial Officer Christine Mastandrea - Chief Operating Officer Mitch Germain - JMP Securities Michael Diana - Maxim Group Operator Ladies and gentlemen, good morning and welcome to the Whitestone REIT Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Whitestone REIT (WSR) Q3 2023 Earnings Call Transcript

HOUSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2023. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in the largest, fastest-growing, high-household-income markets in the Sunbelt.

Whitestone REIT Reports Third Quarter 2023 Results

Whitestone (WSR) witnessed a jump in share price last session on above-average trading volume. The latest trend in FFO estimate revisions for the stock doesn't suggest further strength down the road.

Whitestone (WSR) Soars 7.4%: Is Further Upside Left in the Stock?

Charitable event celebrates the successes of children and young adults with autism and special needs Charitable event celebrates the successes of children and young adults with autism and special needs

Whitestone REIT to Serve as Sponsor of Social Motion's Spectrum of Tastes: Amplify Our Voices Fundraiser

HOUSTON, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the third quarter ended September 30, 2023 after the market close on Tuesday, October 31, 2023.

Whitestone REIT Announces Third Quarter 2023 Earnings Webcast and Conference Call

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Dividend growth is important for long-term stock ownership and has historically outperformed during good and bad times. Monthly dividends provide benefits such as dollar cost averaging, compounding opportunities, and minimizing market risk. Realty Income, STAG Industrial, LTC Properties, Agree Realty, and Whitestone REIT are our recommended monthly dividend stocks.

Magnificent Monthly Mailbox Money

Whitestone REIT focuses on open-air retail centers in Texas and Arizona, offering investors exposure to vibrant real estate markets. The trust has opportunities for growth through releasing activity, which can increase net operating income and funds from operations. Whitestone REIT has an attractive valuation based on funds from operations and offers a sustainable 5% dividend.

Whitestone REIT: An Undervalued REIT With A 4.9% Yield

HOUSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the fourth quarter of 2023. The dividend increase represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share.

Whitestone REIT Declares Fourth Quarter 2023 Dividend

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Retail Real Estate Is Entering A Golden Age

Whitestone REIT (NYSE:WSR ) Q2 2023 Results Conference Call August 2, 2023 8:00 AM ET Company Participants David Mordy - Director of Investor Relations Dave Holeman - Chief Executive Officer Christine Mastandrea - Chief Operating Officer Scott Hogan - Chief Financial Officer Conference Call Participants Mitch Germain - JMP Securities Craig Kucera - B. Riley Securities Operator Greetings, and welcome to the Whitestone REIT Second Quarter 2023 Earnings Conference Call.

Whitestone REIT (WSR) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Whitestone (WSR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Whitestone (WSR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to FFO of $0.25 per share a year ago.

Whitestone (WSR) Surpasses Q2 FFO Estimates

HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the second quarter of 2023. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in the largest, fastest-growing, high-household-income markets in the Sunbelt.

Whitestone REIT Reports Second Quarter 2023 Results

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Whitestone REIT owns and operates 57 open-air retail centers in the Sun Belt markets, with a diversified tenant strategy that includes service-oriented tenants. WSR has delivered strong returns compared to the broader equity REIT segment and the S&P 500, despite a significant decline in market cap levels during the pandemic. WSR has made progress in de-leveraging its balance sheet since 2021, but it still faces potential risks including a focus on debt reduction that limits its flexibility and massive lease expiries that could increase vacancy rates.

Whitestone REIT: Acceptable Yield And Upside Potential

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HOUSTON, June 29, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the second quarter ended June 30, 2023, after the market close on Tuesday, August 1, 2023.

News for Whitestone REIT Stock (WSR)