Whitestone REIT (WSR)
| Market Cap | 740.20M |
| Revenue (ttm) | 149.45M |
| Net Income (ttm) | 21.10M |
| Shares Out | 51.30M |
| EPS (ttm) | 0.41 |
| PE Ratio | 35.13 |
| Forward PE | 29.55 |
| Dividend | $0.50 (3.43%) |
| Ex-Dividend Date | Dec 3, 2024 |
| Volume | 147,114 |
| Open | 14.53 |
| Previous Close | 14.59 |
| Day's Range | 14.29 - 14.53 |
| 52-Week Range | 10.77 - 14.80 |
| Beta | 1.26 |
| Analysts | Strong Buy |
| Price Target | 15.00 (+3.95%) |
| Earnings Date | Oct 30, 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, Whitestone REIT's revenue was $143.92 million, an increase of 2.97% compared to the previous year's $139.77 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 3.95% from the latest price.
News
MCB Withdraws Proposal to Acquire Whitestone Due to Whitestone Board's Entrenchment and Refusal to Engage
Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders Reminds Trustees of the Whitestone Board's Fiduciary Duties BALTIMORE , N...
Whitestone REIT: Weighing Potential Amid Risks
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 p...
Whitestone REIT. (WSR) Q3 2024 Earnings Call Transcript
Whitestone REIT. (WSR) Q3 2024 Earnings Call Transcript
MCB Calls on Whitestone to Maximize Shareholder Value
The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges ...
Whitestone REIT Responds to MCB Indication of Interest
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) provided the following response to MCB's recent indication of interest:
Whitestone REIT Reports Third Quarter 2024 Results
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 cre...
Whitestone Buyout Offer Undervalues Its Assets
MCB Real Estate's $15 per share buyout offer for Whitestone REIT is too low, with WSR's fair value estimated closer to $17 per share. The hostile takeover attempt by MCB could spark competing bids fro...
MCB Real Estate Increases Proposal to Acquire Whitestone REIT to $15.00 Per Share in Cash and Seeks Board Engagement
Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaff...
5 Of My Favorite Monthly Paying REITs
Monthly dividends can be enticing, but quality and sustainability of the dividend are crucial. Avoid "sucker yields" by analyzing fundamentals. Agree Realty is a high-quality REIT with consistent divi...
Whitestone REIT Announces Third Quarter 2024 Earnings Webcast and Conference Call
HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the third quarter ended September 3...
Don't Mess With (3 REITs In) Texas
I analyzed three REITs: BSR Real Estate Investment Trust, Whitestone REIT, and Cousins Properties, focusing on their presence in the high-growth Texas Triangle markets. BSR's strong performance in the...
Shopping Center REITs Are Hot: Pick A Winner
The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior gro...
Whitestone: Growth At A Great Price
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. ...
Whitestone REIT Declares Fourth Quarter 2024 Dividend
HOUSTON, Sept. 04, 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: Southwest's Growing Pains Will Be Retail Landlords' Growing Gains
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 hig...
Back Up The Cart With Sunbelt Shopping Center REITs
Shopping center ownership and leasing is influenced by supply and demand, with imbalances presenting investment opportunities. Migration to the Sunbelt region during the pandemic accelerated trends, i...
Whitestone REIT: Taking Profits Home And Downgrading To Hold
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 gro...
Whitestone REIT Reports Second Quarter 2024 Results
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 cr...
Whitestone REIT Announces Second Quarter 2024 Earnings Webcast and Conference Call
HOUSTON, July 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the second quarter ended June 30, 2...
Whitestone REIT: Monthly-Paying Growth REIT With A 3.7% Yield
Whitestone REIT offers long-term growth prospects with positive leasing spreads and potential for organic growth and acquisitions. The trust has a low payout ratio, growing dividend, and attractive va...
Monthly Mailbox Money (Who Doesn't Like Steady Dividends?)
Some investors prefer monthly dividends, while others are indifferent. Quality of dividends is more important than frequency, as seen with companies like Global Net Lease and Gladstone Commercial.
3 Small Cap REITs Poised To Profit
Small-cap REITs can be profitable investments, with the potential for acquisition or growth to become industry giants. Three small-cap REITs to consider are Alpine Income Property Trust, Plymouth Indu...