Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
26 August 2010Website:
http://www.whitestonereit.comNext earnings report:
01 August 2024Last dividends:
04 June 2024Next dividends:
04 September 2024Price
after hours | Wed, 03 Jul 2024 20:00:00 GMTAnalysts recommendations
Institutional Ownership
WSR Latest News
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.
Announces Board Leadership Changes Intends to Add Two New Trustees HOUSTON, June 03, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that the Board of Trustees (“Board”) has appointed Amy S. Feng, an independent Trustee, as the Chair of Whitestone's Board of Trustees, and Julia B.
HOUSTON, May 29, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that CEO Dave Holeman will participate in a “Fireside Chat” at Nareit's 2024 REITweek Investor Conference. Mr. Holeman will be hosted by Citizens JMP Analyst Mitch Germain.
Whitestone REIT is seeing an increase in its FFO and occupancy, with a predicted double-digit growth in FFO for 2024. The trust reliably pays its dividend with FFO and recently raised its dividend by 3%, making it an appealing option for investors seeking passive income. Whitestone REIT's focused real estate presence in thriving markets offers the potential for higher-than-average FFO growth.
Whitestone's purchase of Scottsdale Commons in Scottsdale, AZ, for $22.2 million is a strategic move to grow in affluent, rapidly developing areas.
HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the first quarter ended March 31, 2024 after the market close on Wednesday, May 1, 2024.
Whitestone REIT offers exposure to high-growth markets and has a strong track record of growing its operating fundamentals. The company has seen strong tenant demand and record occupancy in its portfolio, driven by small shop occupancy growth. While the company has higher leverage compared to peers, management is focused on deleveraging and improving FFO/share through continued SSNOI growth.
Whitestone REIT just hiked its monthly cash dividend by 3.2% after two years of keeping it constant. The REIT is set to benefit from its property portfolio's concentration on fast-growing sunbelt markets, particularly Arizona and Texas. WSR's dividend is expected to see a continued recovery on the back of double-digit leasing spreads and rising occupancy rates in its largest markets.
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.21 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.23 per share a year ago.
Since my first article back in July this year, Whitestone REIT has outperformed the broader REIT market by 20% on a total return basis. The company's leasing spreads and like-for-like NOI have consistently grown, indicating strong demand for its properties. The Company has also improved its leverage profile further mitigating the potential refinancing risks in 2026.
- 1(current)
What type of business is Whitestone REIT?
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.
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 does Whitestone REIT report earnings?
The next expected earnings date for Whitestone REIT is 01 August 2024