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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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, June 13, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of Arcadia Towne Center in Phoenix, Arizona for $25.3 million. Arcadia is an affluent neighborhood surrounded by Camelback, Scottsdale, Paradise Valley and Tempe. The center expands Whitestone's footprint into prime Phoenix submarkets and is anchored by a top performing Safeway. The Safeway, with sales placing it within the top 10% of Arizona Safeways, is not part of the acquisition, but acts as a strong shadow anchor for the center. This will allow Whitestone to focus on aligning the non-anchor tenants to meet the needs of the surrounding community with service-oriented businesses.

Whitestone REIT Acquires Arcadia Towne Center

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Whitestone REIT owns service-oriented strip malls in fast growing cities of the Sunbelt. It has a strong tenant mix and trades at an implied cap rate of 9%. My analysis leads me to a buy rating.

Whitestone REIT: Implied Cap Rate Over 9% Screams Opportunity

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Whitestone REIT focuses on service-oriented strip malls in rapidly growing cities in the Sunbelt, benefiting from population and job growth. The company has a well-diversified tenant mix and focuses on shorter-term leases, allowing for faster rent increases and inflation protection. Best of all, the stock trades at a massive discount to NAV.

Whitestone REIT: Crisis Resistant Retail Trading 50 Cents On The Dollar

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HOUSTON, June 01, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that CEO Dave Holeman, COO Christine Mastandrea and CFO Scott Hogan will participate in a “Fireside Chat” at the Nareit REITweek Investor Conference. The discussion will be moderated by Anthony Hau, Vice President of Equity Research for Truist Securities.

Whitestone REIT to Present at Nareit's REITweek 2023 Investor Conference

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HOUSTON, May 18, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) announces the addition of Julia Buthman to the Company's Board of Trustees, elected May 12th at Whitestone's annual shareholder's meeting. Julia is a seasoned investment professional with more than 35 years of investing in senior debt, subordinated debt and structured equity. She is a former Managing Director at Prudential Private Capital and has extensive experience on both non-profit and for-profit boards.

Whitestone REIT Elects New Board Member, Julia Buthman

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HOUSTON, May 16, 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 third quarter of 2023. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share.

Whitestone REIT Declares Third Quarter 2023 Dividend

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Whitestone REIT (NYSE:WSR ) Q1 2023 Earnings Conference Call May 3, 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 Anthony Hou - Truist Securities Mitch Germain - JMP Securities Craig Kucera - B. Riley Securities Gaurav Mehta - EF Hutton Michael Diana - Maxim Group Operator Greetings, and welcome to the Whitestone REIT First Quarter 2023 Earnings Conference Call.

Whitestone REIT (WSR) Q1 2023 Earnings Call Transcript

Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to FFO of $0.30 per share a year ago.

Whitestone (WSR) Q1 FFO Beat Estimates

HOUSTON, May 02, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first 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 First Quarter 2023 Results

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Whitestone's business model has proved to be resilient to market downturns, as quality tenants, shorter lease duration and rent bumps contribute towards this direction. This trend is expected to continue, as the fundamentals of the tenant screening process haven't changed.

An Interview With Whitestone REIT's CEO, Dave Holeman

HOUSTON, April 03, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the first quarter ended March 31, 2023 after the market close on Tuesday, May 2, 2023.

Whitestone REIT Announces First Quarter 2023 Earnings Webcast and Conference Call

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News for Whitestone REIT Stock (WSR)