Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
26 August 2010Website:
http://www.whitestonereit.comNext earnings report:
06 March 2025Last dividends:
04 November 2024Next dividends:
03 December 2024Price
after hours | Sat, 16 Nov 2024 00:31:30 GMTAnalysts recommendations
Institutional Ownership
WSR Latest News
Whitestone REIT NYSE: WSR is a real estate investment trust (REIT) with a unique community-centered approach. REITs offer investors a streamlined way to participate in the real estate market without the burdens of direct property ownership, providing potential for dividend income and portfolio diversification.
Whitestone REIT has delivered over 35% total returns since November 2023, with a current forward yield of 3.44% and a low P/FFO multiple of 14.62x. Looking at WSR stock, I can see a compelling entry point in terms of the valuations relative to other peers such as KIM, REG and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified.
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.23 per share a year ago.
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt.
Whitestone REIT owns and operates a diversified portfolio of retail properties in major metropolitan areas. The REIT's favorable market dynamics support its positive outlook and potential for growth. WSR's recent performance has been very good, with meaningful projected NOI and core FFO increases for 2024.
Monitoring demographic trends reveals strong housing demand in the sunbelt, creating opportunities for retail real estate investment. Whitestone REIT is highlighted for its significant exposure to high-growth markets in Texas and Arizona, making it a compelling investment. Whitestone is undervalued compared to peers, with potential for mergers and acquisitions boosting its attractiveness.
Since November last year, when I issued a bullish article on WSR, the stock has surged higher, benefiting from favorable court ruling and solid financial performance. Despite strong same store NOI growth and occupancy rates, WSR's leasing spreads and occupancy levels have been declining. WSR continues to also carry a high leverage, which limits its M&A options and its overall growth potential.
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.24 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.21 per share a year ago.
HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the second quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt.
HOUSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the third quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share.
- 1(current)
What type of business is Whitestone REIT?
Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy.
What sector is Whitestone REIT in?
Whitestone REIT is in the Real Estate sector
What industry is Whitestone REIT in?
Whitestone REIT is in the Retail industry
What country is Whitestone REIT from?
Whitestone REIT is headquartered in United States
When did Whitestone REIT go public?
Whitestone REIT initial public offering (IPO) was on 26 August 2010
What is Whitestone REIT website?
https://www.whitestonereit.com
Is Whitestone REIT in the S&P 500?
No, Whitestone REIT is not included in the S&P 500 index
Is Whitestone REIT in the NASDAQ 100?
No, Whitestone REIT is not included in the NASDAQ 100 index
Is Whitestone REIT in the Dow Jones?
No, Whitestone REIT is not included in the Dow Jones index
When was Whitestone REIT the previous earnings report?
No data
When does Whitestone REIT earnings report?
The next expected earnings date for Whitestone REIT is 06 March 2025