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 reports news on its community-centered real estate investment trust business, including open-air retail centers it acquires, owns, operates, develops, and redevelops in Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio. Updates commonly cover operating results, occupancy and Core FFO measures, leasing activity, tenant additions, and portfolio activity at neighborhood and mixed-use centers.
Company announcements also address dividend declarations, distribution tax characteristics, share repurchase authorization, capital-structure actions, material agreements, shareholder voting matters, and governance disclosures. Whitestone’s centers are merchandised around service-oriented tenants such as restaurants, grocers, health and fitness providers, financial and logistics services, education, and entertainment.
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.