Whitestone REIT has been one of our best investments in recent years. Yet, it remains undervalued and has a lot more upside potential. The market is still sleeping on the REIT's recent transformation.
Whitestone REIT ( WSR ) Q3 2025 Earnings Call October 30, 2025 8:30 AM EDT Company Participants David Mordy - Director of Investor Relations David Holeman - CEO & Director Christine C. Mastandrea - President & COO J.
Whitestone REIT (NYSE:WSR ) Q2 2025 Earnings Conference Call July 31, 2025 8:30 AM ET Company Participants Christine C. J. Mastandrea - President & COO David K.
Whitestone REIT excels through data-driven, localized market selection, disciplined infill strategy, and curated tenant clusters, delivering above-peer NOI growth and high retention. Their tech-enabled, asset-smart approach maximizes value with lower capex, leveraging Placer.ai and ESRGI for tenant and site selection, driving strong leasing spreads. Despite operational excellence, WSR trades at a significant premium to small-cap REIT peers and its own historical average, limiting near-term upside potential.
WSR expands in Texas with the acquisition of 5000 South Hulen, tapping into one of Fort Worth's top retail corridors.
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.
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.23 per share a year ago.
Whitestone REIT focuses on high-growth Sunbelt markets and small shops, offering high margins, pricing power, and robust lease spreads. WSR has demonstrated strong fundamentals, including double-digit FFO/share growth, consistent occupancy, and proactive leasing, driving impressive lease spreads and NOI growth. Redevelopment initiatives provide upside potential, while WSR's improving balance sheet and well-covered monthly dividend enhance its attractiveness.
WSR announces a lease with The Picklr to open The Picklr Cave Creek facility at Terravita Marketplace in Scottsdale, AZ.
Whitestone REIT (NYSE:WSR ) Q4 2024 Earnings Conference Call March 4, 2025 8:30 AM ET Company Participants David Moody - Director, Investor Relations Dave Holeman - Chief Executive Officer Christine Mastandrea - Chief Operating Officer Scott Hogan - Chief Financial Officer Conference Call Participants Mitch Germain - Citizens Capital Market Anthony Hall - Truist Securities Gaurav Mehta - Alliance Global Partners John Massocca - B. Riley Operator Greetings, and welcome to the Whitestone REIT Fourth Quarter 2024 Earnings Conference Call.
Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.28 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.21 per share a year ago.