WSR Stock Recent News

Shopping center vacancies are at historic lows, with demand outpacing supply and little new construction due to prohibitively high building costs. Current rental rates are far below levels needed to justify new development, ensuring tight supply and supporting strong rental growth for existing properties. Shopping center REITs trade at significant discounts to replacement cost and NAV, offering attractive value relative to their underlying asset potential.

HOUSTON, May 29, 2025 (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 2025 REITweek Investor Conference. Mr. Holeman will be hosted by Truist Analyst Anthony Hau.

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Whitestone owns 55 commercial properties in the high-growth Texas and Arizona markets, leasing primarily to non-discretionary and service-based tenants, supporting frequent lease renewals and higher rent escalations. Q1 revenue rose 2.2% YoY to $38 million, with strong leasing spreads due to shorter lease terms, despite a slight occupancy dip to 93%. Risks include geographic concentration, short-term leases leading to higher turnover, $102.3 million in unhedged floating rate debt, and heightened credit risk among some tenants.

In a bid to expand its Austin portfolio, WSR buys San Clemente in Davenport, TX, enhancing its footprint and business.

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HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced the acquisition of the 31,832-sqaure-foot, restaurant-anchored San Clemente at Davenport (“San Clemente”) in Austin, Texas, which is just minutes from the Apple and Tesla campuses and situated amidst the bustling hub of the area's several technology companies. The San Clemente acquisition complements Whitestone's existing Davenport Village retail center at the same intersection along Loop 360, one of Austin's most traveled corridors, and marks the fifth neighborhood shopping center in Whitestone's portfolio that is located in Texas's capital city.

Whitestone REIT (NYSE:WSR ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants David Mordy - Director of Investor Relations Dave Holeman - Chief Executive Officer Christine Mastandrea - Chief Operating Officer Scott Hogan - Chief Financial Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Mitch Germain - Citizens Capital Market John Massocca - B. Riley Securities Operator Ladies and gentlemen, greetings and welcome to the Whitestone REIT First Quarter 2025 Earnings Conference Call.

Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.23 per share a year ago.

HOUSTON, April 30, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first quarter of 2025. 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. For the three months ended March 31, 2025 and 2024, Net income attributable to common shareholders per diluted share was $0.07 and $0.18, respectively.