HOUSTON, May 29, 2025 (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 2025 REITweek Investor Conference. Mr. Holeman will be hosted by Truist Analyst Anthony Hau.
Whitestone owns 55 commercial properties in the high-growth Texas and Arizona markets, leasing primarily to non-discretionary and service-based tenants, supporting frequent lease renewals and higher rent escalations. Q1 revenue rose 2.2% YoY to $38 million, with strong leasing spreads due to shorter lease terms, despite a slight occupancy dip to 93%. Risks include geographic concentration, short-term leases leading to higher turnover, $102.3 million in unhedged floating rate debt, and heightened credit risk among some tenants.
In a bid to expand its Austin portfolio, WSR buys San Clemente in Davenport, TX, enhancing its footprint and business.
REIT - Retail Industry | Real Estate Sector | Mr. David K. Holeman CPA CEO | NYSE Exchange | 966084204 Cusip |
US Country | 69 Employees | 2 Jun 2025 Last Dividend | - Last Split | 26 Aug 2010 IPO Date |