Whitestone REIT (WSR)
| Market Cap | 625.99M |
| Revenue (ttm) | 148.28M |
| Net Income (ttm) | 24.67M |
| Shares Out | 49.96M |
| EPS (ttm) | 0.48 |
| PE Ratio | 26.10 |
| Forward PE | 30.26 |
| Dividend | $0.50 (3.95%) |
| Ex-Dividend Date | Jun 4, 2024 |
| Volume | 213,399 |
| Open | 12.61 |
| Previous Close | 12.47 |
| Day's Range | 12.43 - 12.64 |
| 52-Week Range | 8.21 - 13.12 |
| Beta | 1.19 |
| Analysts | Strong Buy |
| Price Target | 15.00 (+19.71%) |
| Earnings Date | May 1, 2024 |
About WSR
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 Compan... [Read more]
Financial Performance
In 2023, WSR's revenue was $146.97 million, an increase of 5.41% compared to the previous year's $139.42 million. Earnings were $19.18 million, a decrease of -45.62%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for WSR stock is "Strong Buy." The 12-month stock price forecast is $15.0, which is an increase of 19.71% from the latest price.
News
Whitestone REIT Announces Preliminary Results of 2024 Annual Meeting of Shareholders
HOUSTON, May 14, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that, based on the preliminary vote count at the Company's 2024 Annual Meeting of S...
Whitestone REIT Urges Shareholders to Support Its Highly Qualified Trustee Nominees at the Annual Meeting on May 14 – Vote Today Using the White Proxy Card
Whitestone's Turnaround Strategy Has Been Successful Under New Board / Leadership Team Our Reset Strategy Has Momentum and the Market Is Recognizing Our Accomplishments Do Not Let Erez Interrupt Our M...
EREZ ASSET MANAGEMENT OUTLINES SPECIFIC INITIATIVES ITS NOMINEES WILL ADVANCE IF ELECTED TO WHITESTONE REIT BOARD
Whitestone's Inexperienced Board is Responsible for Years of Underperformance Driven by Uneconomic Capital Allocation, Inattentive Financial and Management Oversight, and Retrograde Corporate Governan...
EREZ ASSET MANAGEMENT SENDS LETTER TO WHITESTONE SHAREHOLDERS QUESTIONING RECENT CONDUCT OF WHITESTONE REIT BOARD
Whitestone Seeks to Distract Shareholders from its Board and Management's Many Failings and Scandals by Promoting a False Narrative About Erez's Intentions Urgent Change is Desperately Needed at White...
EREZ ASSET MANAGEMENT RESPONDS TO FALSE ACCUSATIONS IN WHITESTONE REIT'S PRESS RELEASE
Reiterates the Need for Change at Whitestone, the Shopping Center REIT that Trades at the Biggest Discount to NAV of its Cited Peers Notes the Irony of a Board Filled with Undisclosed Former Service P...
Leading Proxy Advisory Firm Glass Lewis Recommends That Shareholders Vote FOR ALL of Whitestone REIT's Board Nominees on the WHITE Proxy Card
Glass Lewis Further Recommends That Shareholders Do Not Vote For Any EREZ Nominees Glass Lewis Further Recommends That Shareholders Do Not Vote For Any EREZ Nominees
Whitestone REIT Reports First Quarter 2024 Results
HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first quarter of 2024. Whitestone crea...
LEADING PROXY ADVISORY FIRM ISS RECOMMENDS WHITESTONE REIT SHAREHOLDERS VOTE FOR CHANGE USING EREZ ASSET MANAGEMENT'S BLUE PROXY CARD
ISS Finds that Erez Makes a "Compelling Case" and Erez Nominee Bruce Schanzer Would Bring Relevant Shopping Center REIT Experience, an Independent Perspective, and a History of Engaging Collaborativel...
Whitestone REIT Board of Trustees Sets the Record Straight
Board Highlights Proven Turnaround Strategy Executed by New Leadership Team Since Early 2022 Erez's Materials Demonstrate Lack of Understanding of Whitestone's Business Mr. Schanzer's Indicating He Ne...
EREZ ASSET MANAGEMENT SENDS LETTER TO WHITESTONE REIT SHAREHOLDERS COMMENTING ON THE BOARD'S LACK OF CANDOR
Whitestone's Presentation Twists the Facts and Fails to Address the Company's Significant Underperformance and the Board's Misguided Capital Allocation and Manifest Governance Failures Erez Encourages...
Whitestone REIT Publishes Investor Presentation Highlighting Execution of Our Strategy to Continue Driving Long Term Sustainable Value Creation
Our Strong, Thoughtfully Refreshed Board Has Executed on Driving Shareholder Value Urges Shareholders to Vote “FOR” ONLY Whitestone REIT's Highly Qualified Trustee Nominees on the WHITE Proxy Card Tod...
EREZ ASSET MANAGEMENT RELEASES PRESENTATION OUTLINING THE CASE FOR CHANGE AT WHITESTONE REIT
Highlights the Whitestone Board's Performance and Governance Failures and Details How Erez's Trustee Nominees Can Help Restore Value for Shareholders Erez Urges Whitestone Shareholders to Protect Thei...
Whitestone REIT Acquires Scottsdale Commons
HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of Scottsdale Commons in Scottsdale, Arizona for $22.2 million. S...
EREZ ASSET MANAGEMENT MAILS PROXY STATEMENT SEEKING TO REPLACE TWO WHITESTONE REIT TRUSTEES
Board Has Hidden Conflicts of Interest and Has Overseen Poor Governance and Capital Allocation, Leaving Whitestone Subscale and Over-Leveraged Company Has Diluted Shareholders with Equity Offerings On...
Whitestone REIT Files Definitive Proxy Materials and Mails Letter to Shareholders
Urges Shareholders to Vote for All of Whitestone's Highly Qualified Trustees on the WHITE Proxy Card Since CEO Change in 2022, Whitestone Has Executed on a Successful Strategy for Value Creation and D...
Whitestone REIT Announces First Quarter 2024 Earnings Webcast and Conference Call
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, ...
Whitestone REIT Board of Trustees Rejects Nomination of Two Erez Candidates
HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT received notice that Erez Asset Management, LLC ("Erez") has nominated two candidates to stand for election to the Board of Trustees of Whit...
EREZ NOMINATES TWO CANDIDATES FOR WHITESTONE REIT BOARD OF TRUSTEES
The Company has a track record of poor capital allocation and ineffective governance Urges Whitestone's shareholders to demand answers to critical questions NEW ROCHELLE, N.Y. , March 7, 2024 /PRNewsw...
Whitestone REIT Reports Fourth Quarter and Full Year 2023 Results
HOUSTON, March 06, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the fourth quarter and full year of 2023...
Whitestone REIT Increases Annual Cash Dividend by 3%
HOUSTON, March 05, 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 ...
Whitestone REIT Acquires Garden Oaks Shopping Center
HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced the acquisition of the grocery-anchored Garden Oaks Shopping Center in Houston. Th...
Delaware Court of Chancery Rules in Favor of Whitestone
Pillarstone Breached the Implied Duty of Good Faith and Fair Dealing, Poison Pill Declared Unenforceable Pillarstone Breached the Implied Duty of Good Faith and Fair Dealing, Poison Pill Declared Unen...
Whitestone REIT Announces Tax Characteristics of 2023 Distributions
HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) released the federal income tax treatment of 2023 cash distributions to holders of common shares ...
Whitestone REIT Board of Trustees Responds to Proposal from Bruce Schanzer / Erez Asset Management, LLC (“Erez”)
HOUSTON, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) announced today that, after careful review and consideration, the Board of Trustees of Whitestone ...
Court Dismisses All Claims By Former CEO Against Whitestone REIT
HOUSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) is pleased to announce that on Friday, December 8, 2023, the District Court in Harris County, Tex...