Welcome to our dedicated page for Whitestone REIT news (Ticker: $WSR), a resource for investors and traders seeking the latest updates and insights on Whitestone REIT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Whitestone REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Whitestone REIT's position in the market.
Rhea-AI Summary
Erez Asset Management, LLC plans to nominate two candidates for Whitestone REIT's Board of Trustees due to poor capital allocation and governance issues. Whitestone rejected a buyout offer from Fortress Investment Group LLC, leading to concerns about undervalued stock and asset sales below NAV. The company's high debt levels and excessive G&A expenses are highlighted, questioning its attractiveness to investors. Erez's trustee candidates aim to address these issues and provide oversight.
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End-of-Day
-0.25%
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Whitestone REIT (WSR) announces strong financial results for Q4 and full year 2023, with record occupancy, revenue growth, and dividend increase. The company's Core FFO guidance for 2024 is $0.98 - $1.04 per share. Operating metrics show positive trends in NOI, rental revenue, and leasing transactions.
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-0.25%
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Whitestone REIT (NYSE: WSR) announces a 3% increase in monthly cash dividend for the second quarter of 2024, reflecting confidence in earnings growth and balance sheet strength.
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-0.89%
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Whitestone REIT (NYSE:WSR) acquires Garden Oaks Shopping Center in Houston, a 107,000 leasable square feet center with 96% occupancy, strategically located for significant development. The acquisition is part of Whitestone's capital recycling program, totaling over $80 million in acquisitions, with 9 lower value centers already sold. The center is expected to drive Same Store Net Operating Income growth and aligns with Whitestone's strategy of owning high-quality centers.
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0.32%
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Whitestone REIT (NYSE:WSR) announced the release of its financial results for Q4 2023 on March 6, 2024. The webcast and conference call to discuss the results will be held on March 7, 2024, led by CEO Dave Holeman. Access information for the call and replay is provided for domestic and international participants. A live webcast and replay will be available on Whitestone's investor relations website, with a transcript posted within 3 days after the call.
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Rhea-AI Sentiment
End-of-Day
1.24%
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Whitestone REIT Operating Partnership, L.P. has won a legal battle against Pillarstone Capital REIT, with the court ruling in Whitestone's favor. The court found that Pillarstone breached the implied duty of good faith and fair dealing by adopting the Rights Agreement ('Poison Pill'), causing harm to Whitestone. Whitestone can now proceed to serve a notice of redemption for its units without fear of repercussions. The court will enter a monetary judgement against Pillarstone for the difference between the amount Whitestone would have received in December 2021 and the current value. With the Poison Pill declared unenforceable, Whitestone has served Pillarstone with a notice of redemption for all of its units. Whitestone anticipates further updates on monetizing its investment in Pillarstone REIT Operating Partnership L.P. on their 4th quarter earnings call on March 7, 2024.
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0.24%
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Whitestone REIT (WSR) released the federal income tax treatment of 2023 cash distributions to holders of common shares. The total distribution per share for 2023 was $0.480000, with $0.469536 being ordinary dividends and $0.010464 being a return of capital. Shareholders are advised to consult with their tax advisors for specific tax treatment.
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0.24%
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Whitestone REIT (NYSE:WSR) has rejected a proposal by Bruce Schanzer, Chairman of Erez, demanding a majority change in the Board of Trustees with the purpose of embarking on an immediate sale or liquidation of Whitestone. The Board has released its response publicly to maintain transparency and open communication with shareholders.
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Rhea-AI Sentiment
End-of-Day
3.87%
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Whitestone REIT (NYSE: WSR) announces the dismissal of all claims made by former CEO James C. Mastandrea against the Company and the Board of Trustees by the District Court in Harris County, Texas. The lawsuit, seeking $25 million in damages, was related to the termination of Mastandrea's employment. Whitestone CEO, Dave Holeman, expressed satisfaction with the ruling, stating that it will unburden the Company from significant legal defense costs incurred in 2022 and 2023.
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0.78%
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Whitestone REIT (NYSE: WSR) has declared a monthly cash dividend of $0.04 per share for the first quarter of 2024, representing a quarterly amount of $0.12 per share and an annualized amount of $0.48 per share. The company aims to provide strong returns to shareholders through earnings growth, multiple expansion, and monthly dividends, leveraging its convenience-focused tenant base and 100% targeted sunbelt geography.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
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Whitestone REIT
NYSE:WSR
WSR Rankings
WSR Stock Data
578.53M
44.60M
8.09%
65.82%
2.05%
Other Financial Vehicles
Finance and Insurance
United States of America
HOUSTON
About WSR
whitestone reit (nyse: wsr) is a fully integrated real estate investment trust (“reit”) that acquires, owns, manages, develops and redevelops high quality “internet-resistant” neighborhood, community and lifestyle retail centers.