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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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, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2020 along with an update on its business activities in light of the ongoing COVID-19 pandemic. Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.

Whitestone REIT Reports Third Quarter 2020 Results & Provides COVID-19 Update

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EPR Properties shares have been hammered, falling more than 66% year to date versus -14% for the Vanguard Real Estate ETF. Whitestone REIT is another beaten-down REIT that's seen shares fall by 55% year to date.

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Whitestone REIT: A Resilient Pure Play Retail Business

Q3-2020 Rental Collections of 90% Q3-2020 Rental Collections of 90%

Whitestone Provides Third Quarter 2020 Business Update Related to COVID-19

HOUSTON, Sept.  23, 2020  (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, 2020 after the market close on Monday, October 26, 2020.

Whitestone REIT Announces Third Quarter 2020 Earnings Webcast and Conference Call

HOUSTON, Sept.  22, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of $0.035 per share on the Company’s common shares and operating partnership units. The dividend amount of $0.035 per share represents a quarterly amount of $0.105, and an annualized amount of $0.42 per share. The fourth quarter dividend distribution for 2020 will be as detailed below:

Whitestone REIT Declares Fourth Quarter 2020 Dividends

HOUSTON, Sept.  01, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR)  announced today that Safeway has exercised its option to extend the lease term on two existing leases in Whitestone’s Phoenix market.  The two leases aggregate to 102,521 square feet, or approximately 2.1% of Whitestone’s gross leasable area.

Increased Consumer Spending in Whitestone’s High Household Income Neighborhoods Lead to Lease Extensions with Two Essential Grocery Anchors

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HOUSTON, Aug.  27, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”), a leader in community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers, premier shopping, dining and entertainment destinations, today announced that Jim Mastandrea, Chairman and Chief Executive Officer, and Dave Holeman, Chief Financial Officer will provide a virtual overview of the Company's business to the investment community at the BMO 2020 Real Assets Virtual Conference on Wednesday, September 2nd and Thursday, September 3rd, 2020.

Whitestone REIT To Present at the BMO 2020 Real Assets Virtual Conference

Let's see if Whitestone REIT (WSR) stock is a good choice for value-oriented investors right now from multiple angles.

Is Whitestone REIT (WSR) a Good Value Investor Stock Now?

Whitestone REIT (WSR) CEO James Mastandrea on Q2 2020 Results - Earnings Call Transcript

HOUSTON, July  20, 2020  (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, 2020 after the market close on Wednesday, August 5, 2020.

Whitestone REIT Announces Second Quarter 2020 Earnings Webcast and Conference Call

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The New York and St. Louis Feds, meanwhile, have even worse estimates at -47 percent and -50 percent, respectively.

Offense Might Win Games, But Defense Wins Championships

HOUSTON, June  22, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) announced today that Company Chairman and CEO Jim Mastandrea has been invited to present at The Impact of the COVID-19 Pandemic on Real Estate webinar, presented by Maxim Group and M-Vest on Tuesday June 23rd, 2020.

Whitestone REIT to Present at COVID-19 Webinar Hosted by Maxim Group on June 23, 2020

HOUSTON, June  16, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT’s (NYSE:WSR) (“Whitestone” or the “Company”) Board of Trustees has declared a monthly cash dividend of  $0.035 per share on the Company’s common shares and operating partnership units. The dividend amount of $0.035 per share represents a quarterly amount of $0.105, and an annualized amount of $0.42 per share. The third quarter dividend distribution for 2020 will be as detailed below:

Whitestone REIT Declares Third Quarter 2020 Dividends and Provides a Rental Collections Update

 Collects Industry-Leading April Rental Collections of 83.6%  May Rental Collection of 67.4%, Higher than Reported Industry Average of 59.5%(1)

Whitestone Provides a Business Update Related to COVID-19

HOUSTON, May  15, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) announced today that its Board of Trustees (the “Board”) has approved a short-term shareholder rights plan (the “Plan”) to protect the long-term interests of the Company and its shareholders. The Board has adopted the Plan at this time due to the substantial volatility in the market generally, and in trading of the Company’s common shares of beneficial interest (the “Common Shares”), that has resulted from the ongoing COVID-19 pandemic.

Whitestone REIT Adopts Short-Term Shareholder Rights Plan

Whitestone REIT (WSR) CEO Jim Mastandrea on Q1 2020 Results - Earnings Call Transcript

HOUSTON, May  06, 2020  (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today clarified the time of its 2020 Annual Meeting of Shareholders (the “Annual Meeting”). As previously stated in its Notice to Shareholders and proxy statement, the Annual Meeting will be held virtually at 10:00am Mountain Standard Time, which is 12:00pm Central Daylight Time on May 14, 2020.

Whitestone REIT Clarifies Time of Its Annual Shareholder Meeting to be Held May 14, 2020

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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

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