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

HOUSTON, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2022. 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 2022 Results

HOUSTON, Sept. 26, 2022 (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, 2022 after the market close on Tuesday, November 1, 2022.

Whitestone REIT Announces Third Quarter 2022 Earnings Webcast and Conference Call

Whitestone (WSR) announces the amendment and extension of its $515 million credit facility through its operating partnership. This move boosts its liquidity position and financial flexibility.

Whitestone (WSR) Ups Liquidity, Amends $515M Credit Facility

HOUSTON, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the “Operating Partnership”), it has amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan. The facility, which can be increased to $715 million through an accordion feature is scheduled to mature, for the $250 million revolver, on September 16, 2026, with two additional six-month options to extend the maturity date to September 16, 2027, and for the $265 million term loan on January 31, 2028. Borrowings under the facility accrue interest (at the Operating Partnership's option) at a Base Rate or an Adjusted Term SOFR plus an applicable interest rate margin based upon the Company's then existing leverage. The revolver has an initial interest rate of SOFR plus 1.60%( 1) and a 10 basis point credit spread adjustment. In addition, the Company entered into interest rate swaps to fix the interest rates on the $265 million term loan. The term loan has the following rates:

Whitestone REIT Amends and Extends $515 Million Credit Facility

UMH Properties

Uniti Group

REITs are down 20% year-to-date on average, despite growing cash flow and dividends. As a result, some REITs now trade at historically low valuations.

3 REITs Screaming 'Buy Me'

Whitestone REIT enjoys a strong portfolio of neighborhood shopping centers in fast-growing, high-income, highly educated areas in the Sunbelt. This high-quality portfolio is also highly leveraged.

Whitestone REIT: Too Cheap To Ignore

A heavy dose of hot Sun Belt neighborhoods makes this portfolio worth "buy" consideration.

Should You Invest in Whitestone REIT Right Now?

Whitestone REIT (NYSE:WSR ) Q2 2022 Earnings Conference Call August 3, 2022 8:00 AM ET Company Participants David Mordy - Director, Investor Relations Dave Holeman - Chief Executive Officer Christine Mastandrea - Chief Operating Officer Scott Hogan - Chief Financial Officer Conference Call Participants Mitch Germain - JMP Securities Gaurav Mehta - EF Hutton Craig Kucera - B. Riley Securities Operator Greetings.

Whitestone REIT's (WSR) CEO Dave Holeman on Q2 2022 Results - Earnings Call Transcript

Whitestone (WSR) delivered FFO and revenue surprises of 19.05% and 4.19%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Whitestone (WSR) Q2 FFO and Revenues Beat Estimates

HOUSTON, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the second quarter of 2022. 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 2022 Results

HOUSTON, July 27, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend on the Company's common shares of $0.04 per share. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share.

Whitestone REIT Declares Fourth Quarter 2022 Dividend

Whitestone (WSR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Whitestone (WSR) Upgraded to Buy: What Does It Mean for the Stock?

STAG Industrial

Holding cash is a sure way to lose purchasing power. Holding stocks may seem risky in the short run, but it is much safer if you keep a long-term outlook.

Your Cash Is Trash: 2 REITs That Should Soar With Inflation

HOUSTON, June 23, 2022 (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, 2022 after the market close on Tuesday, August 2, 2022.

Whitestone REIT Announces Second Quarter 2022 Earnings Webcast and Conference Call

WSR owns remarkably well-located retail centers in two fast-growing Sunbelt states: Texas and Arizona. A CEO change along with some important governance adjustments vastly improve WSR's ability to generate per-share profit growth going forward.

Whitestone REIT: Sunbelt Retail On Sale With Some Refinancing Risk

WSR generates strong FFO and recorded an average yield in excess of 8 percent during the last decade. WSR benefited from its focus on high-quality open-air commercial centers located in neighborhoods of high disposable income MSAs.

Whitestone: High Yield, Solid FFO, Strong Upside Potential

Brixmor Property Group

With inflation running hot and real GDP dipping into negative territory in the first quarter, it appears we are headed into a stagflationary period. It will be very difficult to make money in most investments during such a period.

2 Top Picks For Stagflation

HOUSTON, June 06, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that that CEO Dave Holeman, will participate in a “Fireside Chat” at NAREIT's 2022 REITweek. Mr. Holeman will be hosted by JMP Securities Analyst Mitch Germain.

Whitestone REIT to Present at NAREIT's 2022 REITweek

After losing some value lately, a hammer chart pattern has been formed for Whitestone (WSR), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why Whitestone (WSR) Looks Ripe for Bottom Fishing

HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend on the Company's common shares of $0.04 per share. 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 2022 Dividend

HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that effective as of the close of market on May 31, 2022, WSR will be added to the MSCI US REIT Index, as part of the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes.

Whitestone REIT to be Added to the MSCI US REIT Index

2 'Top Picks' For Stagflation

Whitestone REIT (NYSE:WSR ) Q1 2022 Earnings Conference Call May 4, 2022 8:00 AM ET Company Participants David Mordy - Director of IR David Holeman - CEO Christine Mastandrea - COO Scott Hogan - CFO Conference Call Participants Craig Kucera - B. Riley Securities Michael Diana - Maxim Group Operator Greetings.

Whitestone REIT (WSR) CEO David Holeman on Q1 2022 Results - Earnings Call Transcript

Whitestone (WSR) delivered FFO and revenue surprises of 36.36% and 4.71%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Whitestone (WSR) Q1 FFO and Revenues Beat Estimates

HOUSTON, May 03, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first quarter of 2022.   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.

News for Whitestone REIT Stock (WSR)