Welcome to our dedicated page for Whitestone news (Ticker: WSR), a resource for investors and traders seeking the latest updates and insights on Whitestone stock.
Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust focused on open-air, convenience-oriented retail centers in high-growth markets across Texas and Arizona. The Whitestone REIT news feed on this page aggregates company press releases, market announcements, and third-party coverage related to WSR stock and its operations.
Readers can follow updates on Whitestone’s acquisitions and property activity, including neighborhood shopping center purchases such as World Cup Plaza in Frisco, Texas, and Ashford Village in Houston, as well as property-level initiatives like remerchandising and occupancy milestones at centers such as The Promenade at Fulton Ranch in Chandler, Arizona. These stories illustrate how Whitestone curates tenant mixes and manages its portfolio of open-air retail centers.
The news stream also captures financial and corporate developments, such as quarterly and year-to-date operating results, Same-Store NOI trends, rental rate growth, and updates on Whitestone’s unsecured credit facility and at-the-market equity program. Dividend announcements, including changes in payment schedules and declared distribution amounts, appear alongside information on share repurchase authorizations and other capital allocation decisions disclosed in press releases and Form 8-K filings.
Another important category of coverage relates to strategic and shareholder matters. Recent items include Whitestone’s acknowledgement of an unsolicited, non-binding acquisition proposal from MCB Real Estate and subsequent public letters from MCB discussing its ownership stake and proposed purchase price. These communications provide context for investors tracking potential corporate transactions involving WSR.
By reviewing this news page, investors and researchers can see how Whitestone communicates about its neighborhood-focused retail strategy, portfolio performance, financing arrangements, and shareholder-related proposals. For deeper analysis, individual articles can be read in full to understand the details behind each headline and how they relate to Whitestone REIT’s broader business model.
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Whitestone REIT (NYSE: WSR) announced strong Q3 2022 results, reporting revenues of $35.4 million, up from $32.4 million YoY. Net income rose to $3.9 million ($0.08 per diluted share), while FFO per diluted share increased to $0.24. The company achieved a record occupancy rate of 92.5%, with notable growth in rental rates. Revised 2022 guidance estimates net income of $0.35 - $0.38 per share and FFO of $1.00 - $1.02 per share. The upcoming dividend of $0.12 per share represents an 11.6% increase from last year.
Whitestone REIT (NYSE:WSR) announced it will release its third quarter financial results for the period ending September 30, 2022, after market close on November 1, 2022. A conference call to discuss these results will take place on November 2, 2022, at 8:00 A.M. Eastern Time, led by CEO Dave Holeman. Investors can access the conference call through the company's website, with a replay available until November 16, 2022. Whitestone REIT focuses on acquiring and managing open-air retail centers in growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio.
Whitestone REIT (NYSE: WSR) has amended and extended its $515 million credit facility, which includes a $250 million revolver and a $265 million term loan. The facility can increase to $715 million and features attractive terms with maturity dates extending to 2028. The interest rates are tied to the Base Rate or Adjusted Term SOFR, with an ESG pricing provision allowing for margin adjustments based on sustainability targets. CEO Dave Holeman emphasized the facility's role in enhancing liquidity and financial flexibility, showcasing the company's strong balance sheet.
Whitestone REIT (NYSE: WSR) announced strong second quarter 2022 results, reporting occupancy at a record 91.5% and an 8% increase in Same Store NOI. Revenue rose to $35 million, up from $30.6 million year-over-year. Net income attributable to common shareholders decreased to $4.3 million, or $0.09 per diluted share, while FFO per share increased to $0.25. The company declared a dividend of $0.12 for Q4 2022, reflecting an 11.6% increase from Q4 2021. Whitestone reaffirms 2022 guidance for net income per share of $0.35-$0.39 and FFO of $0.98-$1.02.
Whitestone REIT (NYSE: WSR) announced a monthly cash dividend of $0.04 per share, totaling $0.12 quarterly and $0.48 annually. The fourth quarter distribution dates are: October 4 (payable Oct 12), November 2 (payable Nov 14), and December 2 (payable Dec 14), 2022. The company focuses on acquiring and developing open-air retail centers in rapidly growing areas including Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio. This dividend reflects the company’s commitment to returning value to shareholders.
Whitestone REIT (NYSE:WSR) announced it will release its financial results for Q2 ending June 30, 2022, after the market closes on August 2, 2022. A webcast and conference call will follow on August 3, 2022, at 8:00 A.M. Eastern Time, led by CEO Dave Holeman. Investors can access the call via the Company's website, and a replay will be available until August 17, 2022. The earnings release and supplemental data will be posted in the Investor Relations section of its website, highlighting Whitestone's focus on community-centered retail centers in rapidly growing markets.
Whitestone REIT (NYSE: WSR) has announced that CEO Dave Holeman will participate in a “Fireside Chat” at NAREIT’s 2022 REITweek on June 8, 2022, at 7:00 Central / 8:00 Eastern. The chat will be hosted by JMP Securities Analyst Mitch Germain. An audio link for the event is available, and a replay will also be provided afterward.
Whitestone is focused on community-centered retail centers in rapidly growing markets like Phoenix and Austin, emphasizing service-oriented tenants.
Whitestone REIT (NYSE: WSR) announced a monthly cash dividend of $0.04 per share, totaling $0.12 for the quarter and an annualized $0.48. The Board's decision reflects confidence in the company's strength, management team, and growth prospects. The dividend payment dates are set for July (7/13/2022), August (8/12/2022), and September (9/14/2022). Whitestone focuses on community-centered open-air retail centers in rapidly growing markets like Phoenix and Austin, enhancing its market position through strong tenant relationships.
Whitestone REIT (NYSE: WSR) announced its inclusion in the MSCI US REIT Index, effective May 31, 2022. This addition follows the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes, enhancing the visibility of WSR among institutional investors. Whitestone REIT focuses on community-centered open-air retail centers in rapidly growing markets, including Phoenix and Austin. The company emphasizes strong tenant relationships and a diverse mix of service-oriented businesses, which are key to its growth strategy.