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) announced it will release its financial results for Q1 2023 after market close on May 2, 2023. A webcast and conference call will be held on May 3, 2023, at 8:00 A.M. ET to discuss the results, led by CEO Dave Holeman. The call will be accessible via dial-in numbers provided for domestic and international participants, with a passcode required. A replay will be available until May 17, 2023. Whitestone focuses on acquiring and operating community-centered retail centers in high-growth markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio.
Whitestone REIT (NYSE: WSR) announced a monthly cash dividend of $0.04 per share, totaling $0.12 for the second quarter of 2023. This leads to an annualized dividend of $0.48 per share, providing shareholders with an approximate 5% yield. The dividends will be distributed in April, May, and June, with respective record dates on April 4, May 2, and June 2, and payment dates on April 11, May 11, and June 13. CEO Dave Holeman stated that the company is focused on improving financial performance while working towards a debt/EBITDAre ratio of approximately 7x by year-end 2023.
Whitestone REIT (WSR) reported strong fourth quarter and full year 2022 results, highlighting a record occupancy rate of 93.7%, a 240 basis point increase. Revenue rose to $34.9 million for Q4 2022, up from $33.3 million in Q4 2021, while net income reached $19.9 million, up significantly from $2.6 million. The Funds from Operations (FFO) per share increased nearly 20% to $1.03 for the full year. The company’s same-store NOI grew by 7.9% year-over-year. For 2023, Whitestone anticipates net income per share of $0.29 to $0.33 and FFO per diluted share of $0.95 to $0.99. The fourth quarter dividend reflects an 11.6% increase from 2021.
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