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 (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 (NYSE: WSR) has unanimously rejected MCB Real Estate's $15 per share indication of interest, stating it undervalues the company based on Net Asset Value and Discounted Cash Flow analysis. The Board emphasized the company's strong performance, highlighting key metrics including: targeted 11% growth in 2024 Core FFO per share ($0.98-$1.04), increased Same Store NOI growth target of 3.75%-4.75%, improved Debt/EBITDAre ratio of 7.2x, and over 60% total shareholder returns since January 2022. The Board views the offer as opportunistically timed while the company gains momentum under new management.
Whitestone REIT (NYSE: WSR) reported strong Q3 2024 results with revenues of $38.6 million, up from $37.1 million in Q3 2023. Net income reached $7.6 million ($0.15 per share), compared to $2.5 million ($0.05 per share) in Q3 2023. The company achieved 4.6% Same Store NOI growth and 25.3% GAAP leasing spreads, with occupancy reaching 94.1%. Management raised Same Store NOI guidance to 3.75-4.75% and maintained Core FFO guidance projecting 11% year-over-year growth at midpoint. The company improved its Debt to EBITDAre ratio to 7.2x and secured a new $20 million term loan at 5.2% interest rate.
Whitestone REIT (NYSE:WSR) has announced its plans to release third quarter 2024 financial results after market close on Wednesday, October 30, 2024. The company will host a webcast and conference call to discuss these results on Thursday, October 31, 2024, at 8:30 A.M. Eastern Time. CEO Dave Holeman will lead the call.
Participants can access the call using the following details:
- Domestic dial-in: 1-877-407-0784
- International dial-in: 1-201-689-8560
- Passcode: 13742564
Whitestone REIT (NYSE: WSR) has announced its fourth quarter 2024 dividend. The Board of Trustees declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units. This translates to a quarterly amount of $0.12375 per share and an annualized amount of $0.495 per share. The dividend will be distributed in three installments:
- October: Record date 10/2/2024, Payment date 10/10/2024
- November: Record date 11/4/2024, Payment date 11/14/2024
- December: Record date 12/3/2024, Payment date 12/12/2024
Each monthly distribution will be $0.04125 per share/unit.
Whitestone REIT (NYSE: WSR) reported strong Q2 2024 results, with 6.6% Same Store Net Operating Income growth and GAAP leasing spreads of 33% on new leases. Key highlights include:
- Revenues of $37.6 million, up from $36.5 million in Q2 2023
- Net Income of $2.6 million, or $0.05 per diluted share
- Core FFO of $12.6 million, or $0.24 per diluted share
- Occupancy at 93.5%
- Net Effective Annual Base Rental Revenue per leased square foot up 5.4% to $24.00
The company reiterated its 2024 Core FFO per share guidance, projecting 11% year-over-year growth at the midpoint. Whitestone's focus on high-growth Sunbelt markets and strong leasing environment contribute to its positive outlook.
Whitestone REIT (NYSE:WSR) announced it will release its second-quarter financial results for the period ending June 30, 2024, after the market closes on July 31, 2024.
A webcast and conference call to discuss these results will take place on August 1, 2024, at 8:30 AM Eastern Time, led by CEO Dave Holeman.
Domestic participants can dial 1-877-407-0784, and international participants can dial 1-201-689-8560, using passcode 13742563. A replay will be available until August 15, 2024, via 1-844-512-2921 (domestic) and 1-412-317-6671 (international), passcode 13742563.
Listeners can access the live webcast and replay via Whitestone's investor relations website.
On June 11, 2024, Whitestone REIT (NYSE: WSR) announced the opening of The Picklr at Eldorado Plaza in McKinney, Texas. The Picklr, North America's fastest-growing indoor pickleball franchise, replaces the former Bed, Bath, and Beyond space. This addition aims to increase foot traffic and cater to the community's needs. The Picklr plans to open 38 new clubs nationwide, with 52 more leases expected by 2025. NFL legend Drew Brees is a Brand Ambassador and investor. Whitestone's Eldorado Plaza, purchased in 2017, benefits from high local household incomes and is set to see accelerated growth due to this new tenant.
Whitestone REIT (NYSE: WSR) has announced a monthly cash dividend of $0.04125 per share for the third quarter of 2024. This equates to a quarterly dividend of $0.12375 per share and an annualized dividend of $0.495 per share. The dividends are scheduled as follows:
July: Record Date - 7/5/2024, Payment Date - 7/11/2024, Distribution - $0.04125 per share.
August: Record Date - 8/2/2024, Payment Date - 8/14/2024, Distribution - $0.04125 per share.
September: Record Date - 9/4/2024, Payment Date - 9/12/2024, Distribution - $0.04125 per share.
The Board of Trustees remains committed to delivering consistent returns to its shareholders.
Whitestone REIT (NYSE: WSR) has announced significant leadership changes within its Board of Trustees. Amy S. Feng has been appointed as the new Chair of the Board, while Julia B. Buthman will chair the Nominating and Governance Committee. Both trustees joined the board in 2022 and 2023, respectively, and have been instrumental in implementing a successful turnaround strategy, resulting in a 43.7% total shareholder return since 2022.
Whitestone is engaging a national search firm to find two new independent trustees to replace David F. Taylor and Nandita V. Berry, who will step down once successors are appointed. CEO Dave Holeman praised Taylor and Berry for their contributions, which included a strategic reset and governance improvements. The company has received strong support from shareholders at the recent Annual Meeting, and plans to continue evolving its board and strategies to enhance shareholder value and operational excellence.
Whitestone REIT (NYSE: WSR) announced that CEO Dave Holeman will participate in a 'Fireside Chat' at Nareit’s 2024 REITweek Investor Conference. The event will take place on Wednesday, June 5, 2024, at 2:00 PM Eastern. Mr. Holeman will be hosted by Citizens JMP Analyst Mitch Germain. The company has provided a link to access the audio of the event.
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