Whitestone Stock Price, News & Analysis

Whitestone REIT (NYSE: WSR) has amended and extended its $515 million credit facility, which includes a $250 million revolver and a $265 million term loan. The facility can increase to $715 million and features attractive terms with maturity dates extending to 2028. The interest rates are tied to the Base Rate or Adjusted Term SOFR, with an ESG pricing provision allowing for margin adjustments based on sustainability targets. CEO Dave Holeman emphasized the facility's role in enhancing liquidity and financial flexibility, showcasing the company's strong balance sheet.

Whitestone REIT (NYSE: WSR) announced strong second quarter 2022 results, reporting occupancy at a record 91.5% and an 8% increase in Same Store NOI. Revenue rose to $35 million, up from $30.6 million year-over-year. Net income attributable to common shareholders decreased to $4.3 million, or $0.09 per diluted share, while FFO per share increased to $0.25. The company declared a dividend of $0.12 for Q4 2022, reflecting an 11.6% increase from Q4 2021. Whitestone reaffirms 2022 guidance for net income per share of $0.35-$0.39 and FFO of $0.98-$1.02.

Whitestone REIT (NYSE: WSR) announced a monthly cash dividend of $0.04 per share, totaling $0.12 quarterly and $0.48 annually. The fourth quarter distribution dates are: October 4 (payable Oct 12), November 2 (payable Nov 14), and December 2 (payable Dec 14), 2022. The company focuses on acquiring and developing open-air retail centers in rapidly growing areas including Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio. This dividend reflects the company’s commitment to returning value to shareholders.

Whitestone REIT (NYSE:WSR) announced it will release its financial results for Q2 ending June 30, 2022, after the market closes on August 2, 2022. A webcast and conference call will follow on August 3, 2022, at 8:00 A.M. Eastern Time, led by CEO Dave Holeman. Investors can access the call via the Company's website, and a replay will be available until August 17, 2022. The earnings release and supplemental data will be posted in the Investor Relations section of its website, highlighting Whitestone's focus on community-centered retail centers in rapidly growing markets.

Whitestone REIT (NYSE: WSR) has announced that CEO Dave Holeman will participate in a “Fireside Chat” at NAREIT’s 2022 REITweek on June 8, 2022, at 7:00 Central / 8:00 Eastern. The chat will be hosted by JMP Securities Analyst Mitch Germain. An audio link for the event is available, and a replay will also be provided afterward.

Whitestone is focused on community-centered retail centers in rapidly growing markets like Phoenix and Austin, emphasizing service-oriented tenants.

Whitestone REIT (NYSE: WSR) announced a monthly cash dividend of $0.04 per share, totaling $0.12 for the quarter and an annualized $0.48. The Board's decision reflects confidence in the company's strength, management team, and growth prospects. The dividend payment dates are set for July (7/13/2022), August (8/12/2022), and September (9/14/2022). Whitestone focuses on community-centered open-air retail centers in rapidly growing markets like Phoenix and Austin, enhancing its market position through strong tenant relationships.

Whitestone REIT (NYSE: WSR) announced its inclusion in the MSCI US REIT Index, effective May 31, 2022. This addition follows the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes, enhancing the visibility of WSR among institutional investors. Whitestone REIT focuses on community-centered open-air retail centers in rapidly growing markets, including Phoenix and Austin. The company emphasizes strong tenant relationships and a diverse mix of service-oriented businesses, which are key to its growth strategy.

Whitestone REIT (NYSE: WSR) reported strong Q1 2022 results, with revenues of $34.1 million, up from $29.0 million in Q1 2021. Net income attributable to common shareholders increased to $7.1 million ($0.14 per share) compared to $1.4 million ($0.03 per share) last year. Key metrics include Same Store NOI growth of 12.9% and FFO per diluted share of $0.30, reflecting a one-time compensation benefit. The company reaffirmed its 2022 guidance, projecting FFO between $0.98 to $1.02 per share and a 11.6% increase in dividends. Operating occupancy rose to 91.0%.

Whitestone REIT (NYSE: WSR) has announced key promotions to enhance its leasing operations. The leadership changes aim to support the company’s community-centered leasing strategy and drive occupancy beyond last year’s record levels. Matthew Okmin has been appointed Regional Senior VP for Arizona, David Spagnolo as Regional VP for Dallas/Austin, and Wendell Nault as Director of Leasing in Houston. These initiatives reflect Whitestone's commitment to leverage talent from within and its growth in key markets like Phoenix, Austin, and Dallas-Fort Worth.