Whitestone REIT - WSR STOCK NEWS

Whitestone REIT (NYSE: WSR) announced a monthly cash dividend of $0.04 per share, totaling $0.12 for the quarter and an annualized $0.48. The Board's decision reflects confidence in the company's strength, management team, and growth prospects. The dividend payment dates are set for July (7/13/2022), August (8/12/2022), and September (9/14/2022). Whitestone focuses on community-centered open-air retail centers in rapidly growing markets like Phoenix and Austin, enhancing its market position through strong tenant relationships.

Whitestone REIT (NYSE: WSR) announced its inclusion in the MSCI US REIT Index, effective May 31, 2022. This addition follows the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes, enhancing the visibility of WSR among institutional investors. Whitestone REIT focuses on community-centered open-air retail centers in rapidly growing markets, including Phoenix and Austin. The company emphasizes strong tenant relationships and a diverse mix of service-oriented businesses, which are key to its growth strategy.

Whitestone REIT (NYSE: WSR) reported strong Q1 2022 results, with revenues of $34.1 million, up from $29.0 million in Q1 2021. Net income attributable to common shareholders increased to $7.1 million ($0.14 per share) compared to $1.4 million ($0.03 per share) last year. Key metrics include Same Store NOI growth of 12.9% and FFO per diluted share of $0.30, reflecting a one-time compensation benefit. The company reaffirmed its 2022 guidance, projecting FFO between $0.98 to $1.02 per share and a 11.6% increase in dividends. Operating occupancy rose to 91.0%.

Whitestone REIT (NYSE: WSR) has announced key promotions to enhance its leasing operations. The leadership changes aim to support the company’s community-centered leasing strategy and drive occupancy beyond last year’s record levels. Matthew Okmin has been appointed Regional Senior VP for Arizona, David Spagnolo as Regional VP for Dallas/Austin, and Wendell Nault as Director of Leasing in Houston. These initiatives reflect Whitestone's commitment to leverage talent from within and its growth in key markets like Phoenix, Austin, and Dallas-Fort Worth.

On March 28, 2022, Whitestone REIT (NYSE: WSR) announced a significant amendment to its bylaws, allowing shareholders the right to propose changes. This Bylaw Amendment requires shareholder approval at a meeting and enhances governance oversight through an ESG Steering Committee. The changes aim to align Whitestone's practices with high governance standards. The amendments are set for ratification at the upcoming 2022 annual shareholder meeting. Whitestone continues to prioritize strong corporate governance amidst its focus on community-centered shopping centers.

Whitestone REIT (NYSE:WSR) will announce its first quarter financial results for the period ending March 31, 2022, after market close on May 3, 2022. A conference call to discuss these results will take place on May 4, 2022, at 8:00 A.M. ET, led by CEO Dave Holeman. Investors can access the call via the Investor Relations section of the company's website. A replay will be available until May 18, 2022. Whitestone REIT focuses on high-quality open-air neighborhood centers in growth markets, providing stability and consistent monthly dividends.

Whitestone REIT (NYSE: WSR) announced strong fourth quarter and full year 2021 results, showcasing a revenue increase to $33.3 million from $29.8 million year-over-year. Net income for the fourth quarter was $2.6 million, down from $3.1 million, while FFO per share was $0.21, slightly below $0.23. The company reported a 12.8% growth in same-store NOI. A notable increase in dividend by 11.6% was declared. For 2022, guidance estimates GAAP net income per share of $0.35 to $0.39. Whitestone focuses on maximizing shareholder value and prudent capital allocation.

Whitestone REIT (NYSE: WSR) has announced an increase in its monthly cash dividend to $0.04 per share from $0.035833, reflecting a quarterly total of $0.12 and an annualized $0.48, marking an 11.6% increase. This decision, made by the Board of Trustees, showcases the company's operational and financial improvements. The dividend payment dates for the second quarter are set for April 14, May 12, and June 14, 2022. CEO Dave Holeman expressed confidence in the company's growth strategy and its talented team.

Whitestone REIT (NYSE: WSR) announced leadership transitions effective immediately. Christine Mastandrea has been promoted to Chief Operating Officer, overseeing operations and strategic initiatives. Peter Tropoli becomes Corporate Secretary, and Michelle Siv is now Vice President of Human Resources. Departures include John Dee and Bradford Johnson. David Mordy joins as Director of Investor Relations, and Michael Ly as Controller. CEO Dave Holeman expressed confidence in the new leadership team's ability to enhance operational excellence and shareholder returns.