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Whitestone REIT (WSR) specializes in community-focused retail centers and commercial properties, offering investors stable returns through strategic asset management. This page provides authoritative coverage of the company’s latest developments, financial updates, and market positioning.
Access real-time press releases, earnings reports, and strategic announcements in one centralized location. Track WSR’s acquisitions, property redevelopments, and operational milestones while staying informed about its performance in key markets like Phoenix, Houston, and Dallas-Fort Worth.
Key updates include leasing activity, capital allocation decisions, and portfolio enhancements. Investors benefit from transparent reporting on rental revenue trends, tenant diversification strategies, and governance practices that drive long-term value creation.
Bookmark this page for continuous access to Whitestone REIT’s verified news. Check back regularly for insights into its internet-resistant property strategy and community-centric approach to commercial real estate.
Whitestone REIT (WSR) will release its third-quarter financial results for the period ending September 30, 2020, on October 26, 2020, after market close. A conference call, led by CEO Jim Mastandrea and CFO Dave Holeman, will take place on October 27, 2020, at 8:30 A.M. ET. Investors can access the call via the company's website. Whitestone, a REIT focused on community-centered shopping centers in fast-growing Sunbelt markets, has a history of consistent monthly dividend payments for over 15 years.
Whitestone REIT (NYSE:WSR) has declared a monthly cash dividend of $0.035 per share. This amounts to a quarterly total of $0.105 and an annualized rate of $0.42 per share. The fourth quarter payment dates are set for October 15, November 12, and December 10, with record dates on October 6, November 3, and December 2, respectively. The company remains committed to its shareholders, distributing its 123rd to 125th consecutive monthly dividends, emphasizing resilient markets and essential services.
Whitestone REIT (NYSE: WSR) announced that Jim Mastandrea, Chairman and CEO, and Dave Holeman, CFO, will present a business overview at the BMO 2020 Real Assets Virtual Conference on September 2-3, 2020. The company focuses on community-centered retail, acquiring and managing high-quality centers in affluent markets in the Sunbelt region. Whitestone has paid monthly dividends for over 15 years, emphasizing stability and growth even in economic downturns. For more information, visit www.whitestonereit.com.
Whitestone REIT (NYSE: WSR) reported its Q2 2020 financial results, revealing a net income of $0.4 million, or $0.01 per diluted share. Funds from Operations (FFO) were $8.4 million, or $0.19 per share, a decrease due to $2.8 million in bad debt related to COVID-19. The company collected 81% of Q2 contractual rents and 86% of July rents. Despite a 7.9% decrease in Same-store Net Operating Income, rental rates on new and renewal leases increased by 6.7% and 12.4% respectively. Whitestone holds $45 million in cash and has no immediate debt maturities.
Whitestone REIT (NYSE: WSR) announced that CEO Jim Mastandrea will participate in a webinar titled The Impact of the COVID-19 Pandemic on Real Estate on June 23, 2020. This panel will address the pandemic's effects on their operations and strategies, including potential changes in customer behavior and the timeline for recovery.
Whitestone focuses on acquiring and managing retail centers in affluent markets across the Sunbelt, emphasizing its role in delivering essential services. For additional details, visit whitestonereit.com.
Whitestone REIT (NYSE: WSR) has declared a monthly cash dividend of $0.035 per share, totaling $0.105 for the quarter and $0.42 annually. The dividend payment dates are set for July 10, August 13, and September 10, 2020. Chairman Jim Mastandrea highlighted the company's strong rental collections of 89% in April, 75% in May, and 63% to date in June. He noted that monthly collections have increased by 5% from April to May and 11% from May to June, emphasizing Whitestone's confidence in maintaining cash flow during uncertain economic times.
Whitestone REIT (NYSE: WSR) reported strong rental collection results, with 83.6% of April rents collected, up from 64% earlier. May collections reached 67.4%, surpassing the industry average of 59.5%. All 58 properties remain operational, with 91% of tenants open based on annualized base rent. The company emphasizes its e-commerce resistant model, focusing on community-centered retail, primarily in Texas and Arizona. CEO Jim Mastandrea highlighted efforts to support tenants during the pandemic, contributing to industry-leading collection rates.
Whitestone REIT (NYSE: WSR) has approved a short-term shareholder rights plan to safeguard the interests of its shareholders amid market volatility due to the COVID-19 pandemic. This plan is aimed at protecting the long-term value of the company's assets from opportunistic third-party actions. The rights will trade with common shares and become exercisable after any person acquires 5% or more of the shares. The rights plan will terminate by May 13, 2021, unless certain conditions are met. For more details, refer to the Current Report on Form 8-K filed with the SEC.
Whitestone REIT (NYSE: WSR) announced the updated time for its 2020 Annual Meeting of Shareholders, now scheduled for May 14, 2020, at 12:00 PM Central Daylight Time. This change corrects a previous error stating a 10:00 AM start time. Shareholders will participate virtually due to COVID-19. They are encouraged to vote on proposals beforehand using provided proxy materials. Shareholders eligible to vote include those on record as of February 18, 2020. For more details, visit www.virtualshareholdermeeting.com/WSR2020.
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