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.
Whitestone REIT (NYSE: WSR) reported third-quarter 2021 results showcasing a net income of $2.9 million, or $0.06 per share, compared to $0.9 million or $0.02 per share in Q3 2020. Revenue rose to $32.4 million, a 7% increase in Same-Store Net Operating Income (NOI) to $20.7 million, and an improvement in debt-to-EBITDA ratio to 8.1X. The Company continues to target high-growth markets for expansion, with significant leasing activity reflected in a 13.1% rental rate growth. A quarterly dividend of $0.1075 was announced for Q4 2021.
Whitestone REIT (NYSE:WSR) announced it will release its Q3 financial results after market close on October 26, 2021. A conference call will follow on October 27, 2021, at 11:00 A.M. ET, featuring CEO Jim Mastandrea and CFO Dave Holeman. Interested parties can access the call via the Investor Relations section of the Whitestone website. The earnings release and supplemental data will be available on its site, with a mail option for those without internet access. Whitestone REIT has maintained monthly dividends for over 15 years, supported by a strong capital structure.
Whitestone REIT (NYSE: WSR) announced its fourth quarter 2021 monthly cash dividend of $0.035833 per share, totaling $0.1075 quarterly and an annualized $0.43. This represents a 41% payout ratio of FFO Core. The dividend payment dates are October 14, November 12, and December 13, 2021. Whitestone's annual dividend yield stands at 4.4%, outperforming the industry average of 3.5%. The company aims to sustain predictable dividends and growth opportunities through a robust business model, managing costs effectively with rent increases built into leases.
Whitestone REIT (NYSE: WSR) reported a strong recovery, highlighting a 17.9% increase in foot traffic from 4Q2020 to 2Q2021. The company's strategic focus on high-growth markets in Arizona and Texas has led to significant leasing activity, with a 100% year-over-year increase in new tenant square footage. Over the past decade, populations in these states have surged, enhancing economic prospects. CEO Jim Mastandrea stated the company capitalizes on long-term trends, positioning its portfolio to serve essential lifestyle needs in rapidly growing communities.
Whitestone REIT (NYSE: WSR) unveiled its Q2 2021 operating and financial results, showcasing a solid recovery amidst economic recovery. Key figures include net revenues of $30.6 million, with a net income of $5.1 million or $0.12 per share, marking a significant increase from Q2 2020. Funds from Operations (FFO) core reached $11.9 million, or $0.26 per share. The company reported improved occupancy rates at 89.9% and successfully reduced its debt, achieving a debt-to-EBITDA ratio of 8.2X. These results affirm Whitestone's strategy in high-growth markets.
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Whitestone REIT (NYSE:WSR) has acquired Lakeside Market, a 163,000 square-foot open-air shopping center in Plano, Texas, adjacent to a new H-E-B grocery store, set to open in Fall 2022. This acquisition marks Whitestone's ninth property in the Dallas-Ft. Worth area, increasing its total leasable space in the region to approximately 831,000 square feet. The acquisition is expected to generate $2.3 million in revenue for the remainder of 2021 and $5.2 million in 2022. Lakeside Market is strategically located in a high-income area, currently 80.5% occupied.
Whitestone REIT (NYSE:WSR) will announce its Q2 financial results on August 3, 2021, after market close. A webcast and conference call is scheduled for August 4, 2021, at 11:00 A.M. ET, led by CEO Jim Mastandrea and CFO Dave Holeman. Investors can access the webcast via the Company's website. The call will be recorded with replay options available until August 18, 2021. Established over 15 years ago, Whitestone REIT focuses on community-centered shopping centers in affluent Sunbelt markets and has a history of consistent monthly dividend payments.
Whitestone REIT announced a 10.1% revenue increase following the re-merchandising of Las Colinas Village, driven by the addition of new tenants like Michael's of Las Colinas. This re-merchandising effort has raised occupancy in the Dallas market to 91%, up by 3% from the first quarter of 2021. The property is strategically located with a daily traffic count of 191,000 vehicles and a household income exceeding $100,000. Whitestone continues to target high-growth areas, enhancing revenue and contributing value to shareholders.
Whitestone REIT (NYSE:WSR) has launched its new “Easy Lease” initiative, aimed at simplifying the leasing process for entrepreneurial clients. This technology-enabled program allows clients to sign a lease today and move in tomorrow, targeting spaces of 2,000-square-feet or less. The initiative promises a mobile-friendly lease form and a streamlined approval process, reducing the lease cycle from days to hours. It aims to enhance client experience and boost occupancy rates, ultimately increasing revenue for the company. Whitestone has a strong history of paying monthly dividends for over 15 years.
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