Whitestone Stock Price, News & Analysis

Whitestone REIT (NYSE: WSR) announced it has reached 99% occupancy at The Promenade at Fulton Ranch in Chandler, Arizona, following the recent opening of Salon Suites.

The occupancy gain reflects a remerchandising effort that began in early 2023 to align tenant mix with the upscale Fulton Ranch neighborhood; nine retailers have opened at the property over the past 36 months, including Oxygen Yoga & Fitness, Milkshake Factory and Spooner Physical Therapy. Management says the new merchandising has driven higher sales and repeat traffic.

The center is anchored by several high-end retailers and service providers and is located near Chandler’s tech corridor and major recreation facilities. Promenade at Fulton Ranch is one of three Whitestone centers in Chandler.

Whitestone REIT (NYSE: WSR) acquired the 90,391 sq ft restaurant-anchored World Cup Plaza in Frisco, Texas on Nov. 7, 2025. The center sits adjacent to Toyota Stadium — a 21,000-seat venue undergoing a $182 million renovation and expected to host teams as a 2026 FIFA World Cup Team Base Camp.

World Cup Plaza is at the busy northeast corner of Main Street and the Dallas North Tollway (~135,000 VPD), serves a 5-mile population of 293,951 with average household income of $149,335, and includes restaurants, service tenants and Wells Fargo. Whitestone plans leasing-led rent growth and to leverage nearby portfolio scale.

Whitestone REIT (NYSE: WSR) announced receipt of an unsolicited, non-binding acquisition proposal from MCB Real Estate to buy all outstanding common shares for $15.20 per share. MCB currently owns 9.2% of WSR. The Board of Trustees, with financial and legal advisors, will evaluate whether the proposal is in the best interests of all shareholders. Shareholders are not required to take any action now. The company said it does not undertake any obligation to provide updates about this or other proposals except as required by law.

MCB Real Estate proposed to acquire Whitestone REIT (NYSE: WSR) for $15.20 per share in cash on November 4, 2025, backed by fully committed equity and debt financing with a Wells Fargo financing letter. The offer represents a 21.0% premium to the current share price and 25.0% premium to the 30‑day VWAP as of November 3, 2025, implying a 14.0x price to consensus NTM FFO.

MCB, a 9.2% Whitestone holder, says Whitestone has underperformed peers on valuation and operating metrics and urges the board to engage or start a public strategic alternatives process; MCB will vote against the board if no engagement occurs.

Whitestone REIT (NYSE: WSR) announced on November 3, 2025 the acquisition of Ashford Village, an 81,407 square-foot, grocer-anchored shopping center in Houston located between Interstate 10 and the Westpark Tollway at South Dairy Ashford Road and Whittington Drive.

The center is anchored by Seiwa Market (the city's largest Japanese grocery), features a strong restaurant and retail lineup, and sits in an area with ~32,500 vehicles per day and an estimated 3-mile average household income of $113,979 across ~72,860 households. This marks Whitestone’s 10th neighborhood shopping center in Houston and its third Houston acquisition since 2022.

Whitestone REIT (NYSE: WSR) reported third-quarter 2025 results on Oct 29, 2025 showing quarterly revenues of $41.0M and net income attributable to common shareholders of $18.3M or $0.35 per diluted share, versus $7.6M and $0.15 per diluted share in Q3 2024. Core FFO for Q3 was $13.7M ($0.26 per diluted share). Same-store NOI increased 4.8% year-over-year and net effective annual base rent per leased sqft rose 8.2% to $25.59. Portfolio: 55 wholly owned community-centered properties (4.8M GLA) concentrated in Texas and Arizona. Balance sheet: total debt $646.0M and revolving credit capacity of $375M with $223.6M available. Company updated 2025 guidance, raising net income attributable range to $30.9M–$33.0M.

Whitestone REIT (NYSE: WSR) announced the hiring of Felice Terrigno as Houston Division Director, effective Oct. 23, 2025.

Terrigno will oversee leasing strategy for Whitestone’s Houston portfolio of more than 10 open-air shopping centers and report to President and COO Christine Mastandrea. He joins from SDI Realty Advisors after seven years focused on tenant sourcing, lease negotiation, and tenant-mix optimization. Terrigno is a West Point graduate (2007), served as an artillery officer and Special Forces team leader, and earned a graduate degree from Rice University in 2018.

Whitestone says Terrigno’s leasing experience, national/regional tenant relationships, and military background will support portfolio performance and efforts to drive revenue and long-term shareholder value.

Whitestone REIT (NYSE:WSR) will release third-quarter 2025 financial results for the period ended September 30, 2025 after market close on Wednesday, October 29, 2025. The company will host a webcast and conference call to discuss results on Thursday, October 30, 2025 at 8:30 A.M. ET, led by CEO Dave Holeman.

Dial-in details: domestic 1-877-407-0784, international 1-201-689-8560, passcode 13747767. A telephone replay will be available through November 15, 2025 (domestic 1-844-512-2921; international 1-412-317-6671; same passcode). A live webcast and on-demand replay will be available on Whitestone's investor relations website.

Whitestone REIT (NYSE:WSR) has successfully amended and expanded its credit facility to $750 million, consisting of a $375 million revolver and $375 million term loan. The revolver matures in September 2029 with two six-month extension options, while the term loan matures in January 2031.

The facility features improved terms including lower interest rates, with the revolver at SOFR plus 1.40% and the term loan at SOFR plus 1.35%. Through interest rate swaps, the company has fixed the term loan rates between 3.36% and 3.42% (plus 1.35%) until maturity. The renewal represents a $215 million increase in facility size and extends the weighted average maturity to 2030, with no maturities due in 2026.