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 |
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
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HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company"), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced the acquisition of the 31,832-sqaure-foot, restaurant-anchored San Clemente at Davenport ("San Clemente") in Austin, Texas, which is just minutes from the Apple and Tesla campuses and situated amidst the bustling hub of the area's several technology companies. The San Clemente acquisition complements Whitestone's existing Davenport Village retail center at the same intersection along Loop 360, one of Austin's most traveled corridors, and marks the fifth neighborhood shopping center
HOUSTON, April 30, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the first quarter of 2025. 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. For the three months ended March 31, 2025 and 2024, Net income attributable to common shareholders per diluted share was $0.07 and $0.18, respectively. "Whitestone delivered a very strong quarter, delivering 4.8% Same Store Net Operating Income growth, GAAP l
HOUSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic redevelopment at Lion Square in Houston's Asiatown – part of the International Management District – that will transform the Sun Wing Supermarket-anchored center into a vibrant and meaningful cultural hub that pays homage to the city's expansive Asian community. Whitestone has engaged Michael Hsu Office of Architecture to upgrade the property's design and curb appeal by integrating modern aesthetics with traditional Chinese and Vietnamese architectural influences to create a mor
HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the first quarter ended March 31, 2025 after the market close on Wednesday, April 30, 2025. The Company will host a webcast and conference call to discuss the results on Thursday, May 1, 2025, 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:13747765 The conference call will be recorded, and a tele
World's fastest-growing indoor pickleball operator supports the market's active and health-conscious lifestyle while also complementing Terravita's diversified tenant mix Location to feature eight, premium indoor courts and offer an unparalleled experience for the area's high number of pickleballers HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has signed a lease with The Picklr, the world's fastest-growing operator of indoor pickleball facilities, to open a 20,909-square-foot location at Terravita Marketplace in Scottsdale, Arizona. The strategic
Positioning asset to become an 18-hour activity hub that better serves the lifestyle needs of the surrounding community Meets neighborhood demand for an upscale coffeehouse, premium fitness concepts and executive suites by bringing in Starbucks Reserve, Pvolve, RVE Fitness and CUBExec HOUSTON, March 10, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic transformation of the merchandising mix at Davenport Village ("Davenport") in Austin, Texas that is expected to re-energize the center and strengthen its competitive position within the upscale n
HOUSTON, March 06, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the second quarter of 2025. The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The second quarter dividend distribution for 2025 will be as detailed below: MonthRecord DatePayment DateDistribution per Share/UnitApril4/1/20254/10/2025$0.045May5/1/20255/13/2025$0.045June6/2/20256/12/2025$0.045 About Whitestone REIT Whitestone REIT (NYSE:WSR) is a community-cente
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the fourth quarter and full year 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. For the three months ended December 31, 2024 and 2023, Net income attributable to common shareholders per diluted share was $0.33 and $0.03, respectively. For the full year 2024 and 2023, Net income attributable to common shareholders per dilute
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") released the federal income tax treatment of 2024 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2024, which will be reported on Form 1099-DIV, are as follows: Ex-Dividend DateRecord DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Dividends (2) 1/3/241/4/20241/11/2024$0.040000$0.024476 $0.014888 $0.004986 $0.000636 $0.024476 2/1/20242/2/20242/12/2024$0.040000$0.024476 $0.014888 $0.004986 $0.
HOUSTON, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the fourth quarter ended December 31, 2024 after the market close on Monday, March 3, 2025. The Company will host a webcast and conference call to discuss the results on Tuesday, March 4, 2025, 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:1-201-689-8560 The conference call will be reco
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
HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company"), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced the acquisition of the 31,832-sqaure-foot, restaurant-anchored San Clemente at Davenport ("San Clemente") in Austin, Texas, which is just minutes from the Apple and Tesla campuses and situated amidst the bustling hub of the area's several technology companies. The San Clemente acquisition complements Whitestone's existing Davenport Village retail center at the same intersection along Loop 360, one of Austin's most traveled corridors, and marks the fifth neighborhood shopping center
HOUSTON, April 30, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the first quarter of 2025. 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. For the three months ended March 31, 2025 and 2024, Net income attributable to common shareholders per diluted share was $0.07 and $0.18, respectively. "Whitestone delivered a very strong quarter, delivering 4.8% Same Store Net Operating Income growth, GAAP l
HOUSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic redevelopment at Lion Square in Houston's Asiatown – part of the International Management District – that will transform the Sun Wing Supermarket-anchored center into a vibrant and meaningful cultural hub that pays homage to the city's expansive Asian community. Whitestone has engaged Michael Hsu Office of Architecture to upgrade the property's design and curb appeal by integrating modern aesthetics with traditional Chinese and Vietnamese architectural influences to create a mor
HOUSTON, April 01, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the first quarter ended March 31, 2025 after the market close on Wednesday, April 30, 2025. The Company will host a webcast and conference call to discuss the results on Thursday, May 1, 2025, 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:13747765 The conference call will be recorded, and a tele
World's fastest-growing indoor pickleball operator supports the market's active and health-conscious lifestyle while also complementing Terravita's diversified tenant mix Location to feature eight, premium indoor courts and offer an unparalleled experience for the area's high number of pickleballers HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has signed a lease with The Picklr, the world's fastest-growing operator of indoor pickleball facilities, to open a 20,909-square-foot location at Terravita Marketplace in Scottsdale, Arizona. The strategic
Positioning asset to become an 18-hour activity hub that better serves the lifestyle needs of the surrounding community Meets neighborhood demand for an upscale coffeehouse, premium fitness concepts and executive suites by bringing in Starbucks Reserve, Pvolve, RVE Fitness and CUBExec HOUSTON, March 10, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic transformation of the merchandising mix at Davenport Village ("Davenport") in Austin, Texas that is expected to re-energize the center and strengthen its competitive position within the upscale n
HOUSTON, March 06, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the second quarter of 2025. The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The second quarter dividend distribution for 2025 will be as detailed below: MonthRecord DatePayment DateDistribution per Share/UnitApril4/1/20254/10/2025$0.045May5/1/20255/13/2025$0.045June6/2/20256/12/2025$0.045 About Whitestone REIT Whitestone REIT (NYSE:WSR) is a community-cente
HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced its operating and financial results for the fourth quarter and full year 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. For the three months ended December 31, 2024 and 2023, Net income attributable to common shareholders per diluted share was $0.33 and $0.03, respectively. For the full year 2024 and 2023, Net income attributable to common shareholders per dilute
HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") released the federal income tax treatment of 2024 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2024, which will be reported on Form 1099-DIV, are as follows: Ex-Dividend DateRecord DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Dividends (2) 1/3/241/4/20241/11/2024$0.040000$0.024476 $0.014888 $0.004986 $0.000636 $0.024476 2/1/20242/2/20242/12/2024$0.040000$0.024476 $0.014888 $0.004986 $0.
HOUSTON, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it will release its financial results for the fourth quarter ended December 31, 2024 after the market close on Monday, March 3, 2025. The Company will host a webcast and conference call to discuss the results on Tuesday, March 4, 2025, 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:1-201-689-8560 The conference call will be reco