Whitestone Stock Price, News & Analysis

Whitestone REIT (NYSE:WSR) has successfully amended and expanded its credit facility to $750 million, consisting of a $375 million revolver and $375 million term loan. The revolver matures in September 2029 with two six-month extension options, while the term loan matures in January 2031.

The facility features improved terms including lower interest rates, with the revolver at SOFR plus 1.40% and the term loan at SOFR plus 1.35%. Through interest rate swaps, the company has fixed the term loan rates between 3.36% and 3.42% (plus 1.35%) until maturity. The renewal represents a $215 million increase in facility size and extends the weighted average maturity to 2030, with no maturities due in 2026.

The improved terms reflect Whitestone's strengthened operations and financial position, supporting their target of 5-7% Core FFO per share growth for 2026-2028.

Whitestone REIT (NYSE:WSR) has announced its dividend distribution for the fourth quarter of 2025. The company's Board of Trustees declared a monthly cash dividend of $0.045 per share on common shares and operating partnership units, equating to a quarterly dividend of $0.135 and an annualized dividend of $0.54 per share.

The dividends will be paid in October, November, and December 2025, with specific record and payment dates set for each month's distribution.

Whitestone REIT (NYSE:WSR) reported strong Q2 2025 financial results, with notable improvements in key metrics. The company achieved a 5.4% year-over-year increase in Core FFO per share, reaching $0.26. Occupancy grew by 100 basis points from Q1 2025 to 93.9%, while average base rent per leased square foot increased 5.3% to $25.28.

Q2 2025 revenues reached $37.9 million, with net income of $5.1 million ($0.10 per share). Same-Store NOI grew 2.5% to $25.0 million. The company maintained its 2025 guidance, projecting Core FFO per share of $1.03-$1.07 and same-store NOI growth of 3.0-4.5%.

Whitestone's portfolio includes 56 Community-Centered Properties spanning 4.9 million square feet across Texas and Arizona markets, with 1,456 diverse tenants. The company declared a quarterly dividend of $0.135 per share for Q3 2025.

Whitestone REIT (NYSE:WSR) has scheduled its second quarter 2025 financial results release for July 30, 2025, after market close. The company will host a webcast and conference call on July 31, 2025, at 8:30 A.M. Eastern Time, led by CEO Dave Holeman.

Investors can access the call through domestic (1-877-407-0784) or international (1-201-689-8560) dial-in numbers. A replay will be available through August 15, 2025, accessible via the company's investor relations website or through dedicated replay numbers.

Whitestone REIT (NYSE: WSR) has acquired 5000 South Hulen, an 86,907 square-foot shopping center in Fort Worth, Texas. The property marks Whitestone's 29th asset in Texas and 10th in the Dallas-Fort Worth metroplex. Located near affluent neighborhoods and adjacent to Hulen Mall, the center benefits from high traffic exposure with over 182,000 vehicles daily. The property serves a population of 300,000 within a 5-mile radius, with an average household income of $113,520 and $14 billion in spending power. The center features prominent tenants including Sephora, Old Navy, Barnes & Noble, and several food establishments. This strategic acquisition aims to strengthen Whitestone's presence in one of Texas's fastest-growing markets while leveraging existing operational infrastructure to drive earnings growth.

Whitestone REIT (NYSE: WSR) has declared its third quarter 2025 dividend schedule. The company will distribute a monthly cash dividend of $0.045 per share on common shares and operating partnership units, totaling $0.135 per quarter and $0.54 annually. The payments will be made on July 10, August 12, and September 11, 2025, with corresponding record dates of July 1, August 1, and September 2, 2025, respectively.

Whitestone REIT (NYSE: WSR) has announced its participation in Nareit's 2025 REITweek Investor Conference. CEO Dave Holeman will engage in a "Fireside Chat" hosted by Truist Analyst Anthony Hau. The presentation is scheduled for Tuesday, June 3, 2025, at 9:30 Eastern. Investors can access the audio through the company's investor relations website.

Whitestone REIT (NYSE:WSR) has acquired the 31,832-square-foot San Clemente retail center in Austin, Texas. The property, located near Apple and Tesla campuses, complements Whitestone's existing Davenport Village center and marks their fifth neighborhood shopping center in Austin. The center boasts impressive demographics with an average 1-mile radius home value of $1.5 million and household income exceeding $280,000. San Clemente features key tenants including Fresa's Mexican restaurant, Iron Fitness, and Greenlake Energy. The location benefits from 55,000 vehicles per day traffic and strict development restrictions limiting new retail competition. The center will also benefit from an upcoming Four Seasons development adding 200 high-end residences nearby.

Whitestone REIT (NYSE: WSR) reported strong Q1 2025 results with notable growth in key metrics. The company achieved 4.8% Same Store Net Operating Income growth, reaching $24.7 million, and impressive GAAP leasing spreads of 20.3%. Occupancy stood at 92.9%.

Financial highlights include revenues of $38.0 million, up from $37.2 million in Q1 2024. Net Income per share was $0.07, compared to $0.18 in the previous year. Core FFO increased to $13.1 million, with FFO per share rising to $0.25.

The company maintains a strong portfolio of 55 Community-Centered Properties across Texas and Arizona, totaling 4.9 million square feet. Whitestone reaffirmed its 2025 guidance, projecting Core FFO of $1.03-$1.07 per share. The company declared a quarterly cash distribution of $0.135 per share, to be paid in three installments.