Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.
IPO Year: 2010
Exchange: NYSE
Website: whitestonereit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2024 | $15.00 | Buy | Alliance Global Partners |
| 1/16/2024 | $11.00 → $13.50 | Hold → Buy | Truist |
| 8/30/2022 | $10.00 | Hold | Truist |
| 7/7/2022 | $13.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 4/6/2022 | $15.00 | Buy | Colliers Securities |
The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics and Answer Shareholders' Questions MCB Calls on Whitestone Shareholders to Make their Voices Heard; Visit www.MaximizingWhitestoneValue.com for More Information BALTIMORE, Oct. 31, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today issued the following statement regarding i
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") provided the following response to MCB's recent indication of interest: P. David BrambleMCB Real EstateBaltimore, MD 21211 Dear Mr. Bramble, The Whitestone Board of Trustees has reviewed your October 9, 2024, indication of interest. The Board's review considered the $15 per share indication of interest against numerous data points, including, but not limited to, sell side Net Asset Value, Net Asset Value utilizing peer capitalization rate indications, sell side estimates and price targets and a Discounted Cash Flow valuation utilizing the company's internal 5-year forecast. While your i
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the third quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. "Whitestone delivered a very strong quarter, delivering 4.6% Same Store Net Operating Income growth, GAAP leasing spreads of 25.3% and occupancy of 94.1%. We raised our SS NOI guidance by 75 basis points on the bottom end and 25 basis points on the top end
Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price Prior to Takeover Rumors Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal Launches www.MaximizingWhitestoneValue.com BALTIMORE, Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE:WSR) ("Whitestone") increasing the valu
HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. The Company will host a webcast and conference call to discuss the results on Thursday, October 31, 2024, at 8:30 A.M. Eastern Time. The call will be led by Dave Holeman, Chief Executive Officer. The webcast and conference call access information is as follows: Dial-in number for domestic participants:1-877-407-0784Dial-in number for international participants:1-201-689-8560Passcode:13742564 The conference call will be recorded, a
HOUSTON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the fourth quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share. The fourth quarter dividend distribution for 2024 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitOctober10/2/202410/10/2024$0.04125November11/4/202411/14/2024$0.04125December12/3/202412/12/2024$0.04125 About Whitestone REIT Whitestone REIT (NYSE:WSR)
HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the second quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. "Whitestone delivered a very strong quarter driven by restaurants and fitness offerings that saw 6.6% Same Store Net Operating Income, GAAP leasing spreads of 33% on new leases and 14% on renewal leases, portfolio annualized base rent per square foot increasi
HOUSTON, July 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, July 31, 2024. The Company will host a webcast and conference call to discuss the results on Thursday, August 1, 2024, at 8:30 A.M. Eastern Time. The call will be led by Dave Holeman, Chief Executive Officer. The webcast and conference call access information is as follows: Dial-in number for domestic participants:1-877-407-0784Dial-in number for international participants:1-201-689-8560Passcode:13742563 The conference call will be recorded, and a te
HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") is pleased to announce that The Picklr has opened at Eldorado Plaza in McKinney, Texas. The Picklr is North America's fastest-growing indoor pickleball franchise and it represents a strong upgrade in terms of tenant quality at the Trader Joe's-anchored center. In addition to increasing Eldorado's foot traffic, The Picklr helps the center better meet the needs of the surrounding community with a best in-class operator capitalizing on a sport designed to draw together people of all ages. "We are thrilled to welcome The Picklr to Eldorado Plaza and capitalize on the strong wave of
HOUSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the third quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share. The third quarter dividend distribution for 2024 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitJuly7/5/20247/11/2024$0.04125August8/2/20248/14/2024$0.04125September9/4/20249/12/2024$0.04125 About Whitestone REIT Whitestone REIT (NYSE:WSR) is a com
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Alliance Global Partners initiated coverage of Whitestone REIT with a rating of Buy and set a new price target of $15.00
Truist upgraded Whitestone REIT from Hold to Buy and set a new price target of $13.50 from $11.00 previously
Truist initiated coverage of Whitestone REIT with a rating of Hold and set a new price target of $10.00
JMP Securities upgraded Whitestone REIT from Mkt Perform to Mkt Outperform and set a new price target of $13.00
Colliers Securities initiated coverage of Whitestone REIT with a rating of Buy and set a new price target of $15.00
Calls on Independent Trustees of Whitestone to Initiate Strategic Review Process to Maximize Value for Whitestone Shareholders Reminds Trustees of the Whitestone Board's Fiduciary Duties BALTIMORE, Nov. 18, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE:WSR) ("Whitestone") withdrawing MCB's previously announced proposal to acquire the company. MCB sent the followi
HOUSTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced the appointments of Kristian ("Krissy") M. Gathright and Donald ("Don") A. Miller, CFA, to the Board of Trustees, effective immediately. These appointments reflect shareholder feedback received over the last several months and conclude an exhaustive search by Whitestone's Nominating and Governance Committee in combination with pre-eminent executive search firm Spencer Stuart. Ms. Gathright currently serves as a Board member of Apple Hospitality REIT (NYSE:APLE) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.
The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics and Answer Shareholders' Questions MCB Calls on Whitestone Shareholders to Make their Voices Heard; Visit www.MaximizingWhitestoneValue.com for More Information BALTIMORE, Oct. 31, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today issued the following statement regarding i
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") provided the following response to MCB's recent indication of interest: P. David BrambleMCB Real EstateBaltimore, MD 21211 Dear Mr. Bramble, The Whitestone Board of Trustees has reviewed your October 9, 2024, indication of interest. The Board's review considered the $15 per share indication of interest against numerous data points, including, but not limited to, sell side Net Asset Value, Net Asset Value utilizing peer capitalization rate indications, sell side estimates and price targets and a Discounted Cash Flow valuation utilizing the company's internal 5-year forecast. While your i
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the third quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. "Whitestone delivered a very strong quarter, delivering 4.6% Same Store Net Operating Income growth, GAAP leasing spreads of 25.3% and occupancy of 94.1%. We raised our SS NOI guidance by 75 basis points on the bottom end and 25 basis points on the top end
Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price Prior to Takeover Rumors Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal Launches www.MaximizingWhitestoneValue.com BALTIMORE, Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE:WSR) ("Whitestone") increasing the valu
HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. The Company will host a webcast and conference call to discuss the results on Thursday, October 31, 2024, at 8:30 A.M. Eastern Time. The call will be led by Dave Holeman, Chief Executive Officer. The webcast and conference call access information is as follows: Dial-in number for domestic participants:1-877-407-0784Dial-in number for international participants:1-201-689-8560Passcode:13742564 The conference call will be recorded, a
HOUSTON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the fourth quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share. The fourth quarter dividend distribution for 2024 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitOctober10/2/202410/10/2024$0.04125November11/4/202411/14/2024$0.04125December12/3/202412/12/2024$0.04125 About Whitestone REIT Whitestone REIT (NYSE:WSR)
HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the second quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. "Whitestone delivered a very strong quarter driven by restaurants and fitness offerings that saw 6.6% Same Store Net Operating Income, GAAP leasing spreads of 33% on new leases and 14% on renewal leases, portfolio annualized base rent per square foot increasi
HOUSTON, July 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, July 31, 2024. The Company will host a webcast and conference call to discuss the results on Thursday, August 1, 2024, at 8:30 A.M. Eastern Time. The call will be led by Dave Holeman, Chief Executive Officer. The webcast and conference call access information is as follows: Dial-in number for domestic participants:1-877-407-0784Dial-in number for international participants:1-201-689-8560Passcode:13742563 The conference call will be recorded, and a te
HOUSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today issued a shareholder letter from independent Board Chair David Taylor and Chair of the Nominating and Corporate Governance Committee, Nandita Berry. In their joint letter, Ms. Berry and Mr. Taylor detail the challenging and decisive actions they took as change agents to terminate the former CEO James Mastandrea for cause, revitalize corporate governance, and oversee the successful ongoing value creation plan under the new management team executing on Whitestone's reset strategy. Ms. Berry, Mr. Taylor and the entire Board at Whitestone request that shareholders protect their investme
HOUSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that leading independent proxy advisory firm Glass Lewis has recommended that shareholders vote FOR ALL of Whitestone's board nominees on the WHITE proxy card at its 2024 Annual Meeting of Shareholders ("Annual Meeting") scheduled to be held on May 14, 2024. In arriving at their recommendation, Glass Lewis stated that "the board's case proves more persuasive at this time, due in no small part to observable trends in Whitestone's operating performance, financial condition and corporate governance which suggest the Company is credibly executing on its promulgated tack follo
Whitestone's Presentation Twists the Facts and Fails to Address the Company's Significant Underperformance and the Board's Misguided Capital Allocation and Manifest Governance Failures Erez Encourages Whitestone Shareholders to Vote "FOR" Catherine Clark and Bruce Schanzer, Two Experienced Real Estate Executives, and to "WITHHOLD" from David Taylor and Nandita Berry Using the BLUE Proxy Card NEW ROCHELLE, N.Y., April 26, 2024 /PRNewswire/ -- Erez Asset Management, LLC ("Erez"), a shareholder of Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") which has nominated two candidates for election at Whitestone's upcoming 2024 Annual Meeting of Shareholders, today sent a letter to Whitesto
Our Strong, Thoughtfully Refreshed Board Has Executed on Driving Shareholder Value Urges Shareholders to Vote "FOR" ONLY Whitestone REIT's Highly Qualified Trustee Nominees on the WHITE Proxy Card Today HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it filed an investor presentation with the Securities and Exchange Commission (the "SEC") in connection with its 2024 Annual Meeting of Shareholders on May 14, 2024. The presentation is available at https://ir.whitestonereit.com/news-and-events/presentations/default.aspx. Highlights of the presentation include: 1) Whitestone's track record of superior performance
HOUSTON, May 18, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") announces the addition of Julia Buthman to the Company's Board of Trustees, elected May 12th at Whitestone's annual shareholder's meeting. Julia is a seasoned investment professional with more than 35 years of investing in senior debt, subordinated debt and structured equity. She is a former Managing Director at Prudential Private Capital and has extensive experience on both non-profit and for-profit boards. "Julia's election to the Whitestone board adds to the board's already strong depth of experience," stated Chairman of the Board, David Taylor. "Julia brings a fresh perspective from he
HOUSTON, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced several leadership transitions, effective immediately. Leadership Transitions Promotions The Company is pleased to announce the promotions of several outstanding contributors to Whitestone's growth and success, including: Christine Mastandrea, Executive Vice President of Corporate Strategy, has been appointed Chief Operating Officer (COO) and will assume the responsibilities of this role in addition to the ones she has currently. Recently, Mastandrea oversaw Whitestone's COVID-19 response with regard to its operations and the development of strategic initiatives to dri
HOUSTON, Jan. 18, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees (the "Board") has appointed Dave Holeman as Chief Executive Officer of the Company, effective immediately. Mr. Holeman's appointment follows the Board's decision to terminate James Mastandrea's employment as the Company's Chief Executive Officer for cause, effective immediately. Mr. Mastandrea was also removed as Chairman of the Board, following his termination for cause, and David Taylor, an independent Trustee, was appointed Chairman of the Board. The Board's decision was made following an independent internal investigation, which found Mr. Mas
JMP Securities analyst Mitch Germain reiterates Whitestone REIT (NYSE:WSR) with a Market Outperform and maintains $15 price target.
As of May 31, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. AMREP Corporation (NYSE:AXR) On March 8, AMREP reported earnings of 2 cents per share for its
Whitestone REIT (NYSE:WSR) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.24 by 4.17 percent. This is a 4.17 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $37.164 million which missed the analyst consensus estimate of $37.558 million by 1.05 percent. This is a 3.66 percent increase over sales of $35.851 million the same period last year.
In the preceding three months, 4 analysts have released ratings for Whitestone REIT (NYSE:WSR), presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.0, a high estimate of $15.00, and a low estimate of $15.00. Marking an increase of 15.38%
JMP Securities analyst Mitch Germain reiterates Whitestone REIT (NYSE:WSR) with a Market Outperform and maintains $15 price target.
Alliance Global Partners analyst Gaurav Mehta initiates coverage on Whitestone REIT (NYSE:WSR) with a Buy rating and announces Price Target of $15.
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