Welcome to our dedicated page for Whitestone news (Ticker: WSR), a resource for investors and traders seeking the latest updates and insights on Whitestone stock.
Whitestone REIT (WSR) specializes in community-focused retail centers and commercial properties, offering investors stable returns through strategic asset management. This page provides authoritative coverage of the company’s latest developments, financial updates, and market positioning.
Access real-time press releases, earnings reports, and strategic announcements in one centralized location. Track WSR’s acquisitions, property redevelopments, and operational milestones while staying informed about its performance in key markets like Phoenix, Houston, and Dallas-Fort Worth.
Key updates include leasing activity, capital allocation decisions, and portfolio enhancements. Investors benefit from transparent reporting on rental revenue trends, tenant diversification strategies, and governance practices that drive long-term value creation.
Bookmark this page for continuous access to Whitestone REIT’s verified news. Check back regularly for insights into its internet-resistant property strategy and community-centric approach to commercial real estate.
Whitestone REIT (NYSE: WSR) has initiated a strategic redevelopment of Lion Square in Houston's Asiatown District. The project aims to transform the Sun Wing Supermarket-anchored center into a cultural hub serving the Asian community.
The 117,592-square-foot property, which attracts over 2 million visitors annually, will undergo significant upgrades including:
- Modern aesthetics blending Chinese and Vietnamese architectural influences
- Enhanced greenery and sustainable irrigation systems
- Improved security and lighting
- Better walkability and connectivity aligned with Houston's Walkable Places program
The center, located at Bellaire Boulevard and Wilcrest Drive, houses notable tenants like Crown Seafood Restaurant, KPOT Korean BBQ, and Thuan Kieu Com Tam. Additionally, Whitestone is renovating a 5,100-square-foot pad site to incorporate Asian elements for a future Asian-themed restaurant.
Whitestone REIT (NYSE:WSR) has scheduled its first quarter 2025 earnings release and conference call. The company will release financial results for Q1 2025 (ended March 31) after market close on Wednesday, April 30, 2025.
A webcast and conference call to discuss the results will be held on Thursday, May 1, 2025, at 8:30 A.M. Eastern Time, led by CEO Dave Holeman. The conference call will be recorded with replay access available through May 15, 2025. A transcript will be posted within 3 days after the call on Whitestone's investor relations website.
Whitestone REIT (NYSE: WSR) has signed a lease with The Picklr to open a 20,909-square-foot indoor pickleball facility at Terravita Marketplace in Scottsdale, Arizona. The facility, expected to open in the second half of 2025, will feature eight premium indoor courts and will be located next to Ace Hardware.
The Picklr Cave Creek location will serve the North Scottsdale, Carefree, and Cave Creek communities, offering league competitions, tournaments, clinics, private lessons, court reservations, rated open-play, and charity events in a climate-controlled environment. The facility is strategically positioned within a 15-minute drive from TSMC's semiconductor fabrication facility and historic downtown Cave Creek, in an area where average household income exceeds $200,000.
The Picklr, founded in 2021, has grown to become North America's fastest-growing indoor pickleball franchise with over 500 locations. Former NFL quarterback Drew Brees serves as Brand Ambassador and is an investor and Owner/Area Developer of 30 Picklr franchises.
Whitestone REIT (NYSE: WSR) has initiated a strategic transformation of its Davenport Village property in Austin, Texas, aiming to create an 18-hour activity hub. The company has secured agreements with several premium brands including Starbucks Reserve (3,274 sq ft), Pvolve (3,126 sq ft), RVE Fitness (7,815 sq ft), and CUBExec.
The property, located at 3801 North Capital of Texas Highway, serves affluent neighborhoods with average household incomes exceeding $247,790 within a three-mile radius and average home values over $1.28 million. The location is strategically positioned near Apple and Tesla campuses, Austin Country Club, and St. Stephens Episcopal School.
Starbucks Reserve will open this summer, Pvolve by spring, RVE Fitness in fall, and CUBExec's executive suites by Q1 2026. The transformation aims to better serve the area's large tech workforce and business professionals while increasing property value for shareholders.
Whitestone REIT (NYSE: WSR) has announced its dividend distribution for the second quarter of 2025. The company's Board of Trustees has declared a monthly cash dividend of $0.045 per share on common shares and operating partnership units. This translates to a quarterly dividend of $0.135 per share and an annualized dividend of $0.54 per share.
Whitestone REIT (NYSE: WSR) reported strong Q4 and full year 2024 results, with Net income per diluted share reaching $0.33 in Q4 (vs $0.03 in Q4 2023) and $0.72 for full year 2024 (vs $0.38 in 2023). The company achieved notable metrics including:
- 11% year-over-year Core FFO per share growth
- 5.1% Same Store NOI growth for 2024
- 6.6X debt to EBITDAre ratio in Q4
- 21.9% combined GAAP leasing spreads in Q4
Q4 2024 revenues increased to $40.8M from $37.5M in Q4 2023. The company declared a Q1 2025 dividend of $0.135 per share, representing a 9% increase from the previous quarter. For 2025, Whitestone provided Core FFO guidance of $1.03-$1.07 per diluted share.
The company owns 55 Community-Centered Properties across Texas and Arizona, totaling 4.9M square feet, with 1,445 diverse tenants.
Whitestone REIT (NYSE: WSR) has released the federal income tax treatment details for its 2024 cash distributions to common shareholders. The company paid total distributions of $0.491250 per share throughout 2024, distributed monthly. The tax characteristics breakdown shows:
- Ordinary Dividends: $0.300597 (61.2%)
- Total Capital Gain Distribution: $0.182841 (37.2%)
- Unrecaptured Sec 1250 Gain: $0.061227
- Return of Capital: $0.007812 (1.6%)
- Section 199A Dividends: $0.300597
Monthly distributions increased from $0.040000 per share in Q1 to $0.041250 for the remaining months of 2024.
Whitestone REIT (NYSE:WSR) has scheduled its fourth quarter 2024 earnings release and conference call. The company will release financial results for the quarter ended December 31, 2024, after market close on Monday, March 3, 2025. A webcast and conference call, led by CEO Dave Holeman, will follow on Tuesday, March 4, 2025, at 8:30 A.M. Eastern Time.
The conference call will be accessible via domestic (1-877-407-0784) and international (1-201-689-8560) dial-in numbers. A telephone replay will be available through March 18, 2025, with replay numbers provided for both domestic (1-844-512-2921) and international (1-412-317-6671) participants using passcode 13747760. The webcast can be accessed through Whitestone's investor relations website.
Whitestone REIT (NYSE: WSR) reports strong performance in their 2024 year-end CEO letter, highlighting their successful differentiated strategy focused on high-return shop spaces. The company's portfolio value has seen significant appreciation, with analyst Net Asset Value calculations increasing 16% since Q3 2023, marking the second-highest increase among peers.
Key strategic components include:
- 75% of ABR from high-growth, optimally sized shop space
- Average lease terms of 4 years to capture market-rate adjustments
- Dedicated leasing team utilizing technology and strong underwriting
Whitestone REIT (NYSE: WSR) has signed a lease with EoS Fitness for a 40,000-square-foot location at Windsor Park Center in San Antonio, marking their second partnership. This follows EoS Fitness's successful opening at Williams Trace Plaza in Sugar Land, Texas, where it has increased customer traffic by 60% since September 2024.
The gym chain, known for its High Value Low Price (HVLP)® model, will open at Windsor Park Center in 2026. At Williams Trace Plaza, recent tenant additions including EoS Fitness have contributed to a 30% increase in Net Operating Income from Q3 2022. The company expects further growth in 2025 with the development of a new pad site along Williams Trace Boulevard.
