WSR
Whitestone REIT13.60
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
702.62MP/E (TTM)
15.81Basic EPS (TTM)
0.86Dividend Yield
0.04%Recent Filings
8-K
8-K
Whitestone Q3 net income surges
Whitestone REIT reported Q3 2025 net income of $18.3 million, up sharply from $7.6 million last year, fueled by a $14 million gain on property sales. Revenues climbed to $41.0 million while same-store NOI rose 4.8% to $25.6 million, reflecting steady occupancy at 94.2% and 19.3% rental rate growth. Core FFO per share edged to $0.26. Management reaffirmed 2025 Core FFO guidance of $1.03-$1.07, yet rising interest expenses pose a drag.
8-K
ATM equity program launched
Whitestone REIT launched an at-the-market equity program on September 16, 2025, allowing sales of up to $100 million in common shares through multiple placement agents. This flexible tool enables opportunistic capital raises via NYSE trades or negotiated deals, with agents earning up to 2.0% commissions. No sales obligation exists. It bolsters liquidity for potential investments.
10-Q
Q2 FY2025 results
Whitestone REIT posted solid Q2 results, with total revenues up 1% year-over-year to $37.9M, driven by 2% same-store rental growth amid steady 94% occupancy. Net income attributable to shareholders climbed to $5.1M from $2.6M last year, while diluted EPS held at $0.10; the YTD net of $8.8M aligns with 51,912 diluted shares. Operating expenses dipped 5% to $24.6M, thanks to lower G&A, boosting income before taxes by 92% to $5.2M. Acquisitions like South Hulen added $44M in real estate, funded by $56M credit facility draws, leaving $68.7M revolver availability and $5.3M cash; debt rose to $670M at 4.9% effective rate. Free cash flow wasn't disclosed in the 10-Q. Yet competition from e-commerce squeezes smaller retailers.
8-K
Whitestone Q2 Core FFO up 5.4%
Whitestone REIT reported Q2 2025 results on July 30, showing revenues up slightly to $37.9 million while net income doubled to $5.1 million, or $0.10 per share. Core FFO per share rose 5.4% to $0.26, occupancy climbed to 93.9%, and same-store NOI grew 2.5% to $25.0 million amid robust Sun Belt leasing. The REIT reiterated full-year Core FFO guidance of $1.03–$1.07 per share but raised interest expense outlook to $33–$34 million. Strong tenant demand bolsters portfolio value, yet rising rates pressure costs.
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