WSR Stock Recent 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 has highly advantaged properties in 5 submarkets, leading to higher rents and potential property value of $20 per share. The tight occupancy and increasing demand in these markets have resulted in rental rates increasing by 20% and expected to continue growing. The ongoing proxy battle between activist investor Erez Asset Management and Whitestone may determine the future path of the company, either through a sale or continued operation.

Whitestone REIT is experiencing growth in its FFO and occupancy, with a projected double-digit growth rate in FFO for 2024. The trust solidly covers its dividend with FFO and recently raised its dividend by 3%, making it an attractive investment for passive income investors. Whitestone REIT's concentrated real estate footprint in economically vibrant markets provides potential for above-average FFO growth.

Whitestone's (WSR) acquisition of Scottsdale Commons in Scottsdale, AZ, for $22.2 million comes as part of its efforts to expand in the fast-growing, high-household-income markets.

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.