WSR
Whitestone REIT13.60
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
702.62MP/E (TTM)
15.81Basic EPS (TTM)
0.86Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Whitestone REIT posted FY2025 revenues of $161M, up 4% y/y, with same-store NOI climbing 4.0% on 95% ending occupancy and 19.1% comparable lease spreads. Q4 momentum shone through $116.6M annualized base rents at $25.28/sq ft across 4.9M sq ft GLA, bolstered by acquisitions like World Cup Plaza while shedding non-core assets for $29.9M gain. Net debt hit $644.5M at 47% LTV; revolver offers $323M capacity. Board hiked quarterly payout 5.6% to $0.1425/share. Geographic concentration in Houston, Dallas, Phoenix exposes quarterly leasing to local downturns.
8-K
Strong 2025 results, dividend hike
Whitestone REIT reported Q4 revenues up to $43.9M from $40.8M, with full-year 2025 Core FFO at $1.05 per share versus $1.01, fueled by 4.0% same-store NOI growth and record 94.6% occupancy. Board shifted to quarterly dividends, hiking payout 5.6% to $0.1425 per share payable March 30, 2026. Guides 2026 Core FFO to $1.10-$1.14. Leasing stays robust.
8-K
Authorizes $50M buyback, dividend hike
Whitestone REIT's board authorized a $50 million common share repurchase program on December 18, 2025, running through May 20, 2028, while shifting to quarterly dividends with a 5.6% hike to $0.1425 per share, payable March 30, 2026. Repurchases and dividends hinge on market conditions. Signals confidence. Future payouts remain discretionary.
8-K
Receives $33.4M settlement payment
Whitestone REIT received $33.4 million on December 12, 2025, from the Pillarstone settlement, approved by the Bankruptcy court, and immediately paid down its revolver balance. This follows a $13.6 million payment in November and bolsters the balance sheet ahead of 2026, with $4.0 million cash and potential reserves still expected. Payments strengthen liquidity. CEO eyes 5-7% annual Core FFO growth.
10-Q
Q3 FY2025 results
Whitestone REIT posted Q3 revenues of $41.0M, up 6% y/y from $38.6M, with rental up 7% y/y to $40.8M on stronger same-store rents while expenses rose 4% y/y. Net income attributable to shareholders leaped to $18.3M from $7.6M, fueled by a $14.0M gain on Sugar Park Plaza sale—versus $3.8M prior year—offsetting steady $8.7M interest expense. Diluted EPS hit $0.35 on 52,079 diluted shares, consistent with two-class method. Cash sits at $6.8M, operating cash flow $34.9M YTD; debt steady at $642M principal with $224M revolver availability under new 2025 Facility due 2029-2031. Pillarstone bankruptcy drags with $32M receivable, yet recent $14M recovery. Sales momentum rolls.
IPO
Employees
Sector
Industry
AKR
Acadia Realty Trust
19.78-0.40
BRX
Brixmor Property Group Inc.
25.57-0.50
CSR
D/B/A Centerspace
64.42-0.42
FRT
Federal Realty Investment Trust
100.12-0.79
KIM
Kimco Realty Corporation (HC)
20.08-0.42
MAC
Macerich Company (The)
18.30-0.29
NTST
NetSTREIT Corp.
17.22-0.27
REG
Regency Centers Corporation
67.16-1.09
SITC
SITE Centers Corp.
6.31-0.06
WHLR
Wheeler Real Estate Investment
2.88+0.13