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Whitestone REIT (WSR)

- NYSE
  • Wed, Sep. 2, 9:26 AM
    • The hard corner at Gilbert Tuscany Village contains a never-occupied 14.6K square foot Fresh & Easy Market store, and was purchased by WSR for $1.7M. The purchase should enhance the community center's drive-by traffic visibility and signage opportunity.
    • Gilbert Tuscany was originally purchased in June 2011 for $5M, or $101.18 per leasable square foot. At the time, occupancy was 16% and since has increased to 89%.
    • Source: Press release
    | Wed, Sep. 2, 9:26 AM | Comment!
  • Mon, Aug. 31, 8:01 AM
    • Whitestone REIT (NYSE:WSR) purchases Keller Place, a 93.5K square foot community center, plus tow developable parcels for $14.3M in cash and operating units valued at $19 per share and with an annual dividend of 6%.
    • The acquisition marks the company's seventh community center in the Dallas/Ft. Worth market.
    • Source: Press Release
    | Mon, Aug. 31, 8:01 AM | 3 Comments
  • Thu, Aug. 27, 8:07 AM
    • With the purchase of Quinlan Crossing, Whitestone REIT (NYSE:WSR) has four community-centered shopping centers totaling 356K square feet in the Austin market. Tossing in nearby San Antonio brings total space up to 644K square feet.
    • Quinlan Crossing was purchased for $37.5M, and "in-place" operating income is about $2.4M. The center is 95% leased.
    • Source: Press Release
    | Thu, Aug. 27, 8:07 AM | 1 Comment
  • Wed, Aug. 12, 8:21 AM
    • With the signing of five new tenants, occupancy at the 323K square foot Village Square at Dana Mall is up to 93% vs. 71% when Whitestone (NYSE:WSR) acquired it three years ago.
    • The five new tenants should boost NOI for the mall by more than 15%.
    • Source: Press Release
    | Wed, Aug. 12, 8:21 AM | 3 Comments
  • Tue, Aug. 11, 12:59 PM
    • The Fed may be determined to hike rates, but deflationary signals are everywhere, with Beijing the latest government to acknowledge such with its devaluation overnight.
    • Crude oil has taken out a new six-year low, tumbling another 4% to $43.15 per barrel, and copper's 3% decline has brought it to a fresh six-year low. The grains are all down by 2% or more, but gold is marginally higher.
    • The major U.S. averages are down more than 1%, and Europe fell 1.5% today.
    • The 10-year Treasury yield is lower by a full ten basis points to 2.13%.
    • Leading the heavily discounted mREIT sector higher are Annaly Capital (NLY +1.1%), American Capital Agency (AGNC +1.3%), CYS Investments (CYS +1.2%), New York Mortgage (NYMT +1.6%), Hatteras Financial (HTS +1.3%), Capstead (CMO +1%), Anworth (ANH +1.4%), Dynex Capital (DX +2.6%), and AG Mortgage (MITT +1.6%).
    • ETFs: MORL, REM, MORT, LMBS
    • In equity REITs: National Retail (NNN +1.2%), Equity Residential (EQR +1.5%), AvalonBay (AVB +1.2%), General Growth (GGP +1.9%), Kimco (KIM +1.4%), Whitestone REIT (WSR +2.9%), Washington Real Estate (WRE +1.2%), Hospitality Properties (HPT +2.3%), Chamber Street (CSG +1.1%).
    • ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
    | Tue, Aug. 11, 12:59 PM | 21 Comments
  • Wed, Aug. 5, 4:07 PM
    • Whitestone REIT (NYSE:WSR): Q2 FFO of $0.35 beats by $0.03.
    • Revenue of $21.97M (+27.3% Y/Y) beats by $0.22M.
    • Press Release
    | Wed, Aug. 5, 4:07 PM | 4 Comments
  • Mon, Jul. 6, 8:26 AM
    • Parkside Village North and Parkside Village South mark WSR's 2nd and 3rd Austin purchases. The two were acquired for a total of $45M.
    • The company also announces ground-breaking on its Phase III expansion of The Shops at Starwood in Frisco, TX.
    • Source: Press Release
    | Mon, Jul. 6, 8:26 AM | 1 Comment
  • Tue, Jun. 23, 8:16 AM
    • Whitestone REIT (NYSE:WSR) plans a 3.75M share sale, with an underwriter greenshoe of 562.5K shares.
    • Source: Press Release
    • The stock's lower by 4.7% in premarket action.
    | Tue, Jun. 23, 8:16 AM | Comment!
  • Mon, Jun. 22, 4:37 PM
    • Whitestone REIT's (NYSE:WSR) stock offering would yield gross proceeds of $50.6M at current levels. The underwriter (JMP) is expected to have a 562.5K-share overallotment option.
    • Net proceeds will be used by Whitestone's operating partnership to "repay a portion of outstanding indebtedness under Whitestone's unsecured revolving credit facility and for general corporate purposes, which may include acquisitions of additional properties, capital expenditures, the expansion, redevelopment and/or re-tenanting of properties in Whitestone's portfolio, working capital and other general purposes."
    • Whitestone has fallen to $13.50 AH. The company had $8M in cash/short-term investments at the end of Q1, and $408M in debt.
    | Mon, Jun. 22, 4:37 PM | 2 Comments
  • Mon, Jun. 8, 7:59 AM
    • Whitestone REIT (NYSE:WSR) declares $0.095/share monthly dividend, in line with previous.
    • Forward yield 8.24%
    • Payable July 9; for shareholders of record July 2; ex-div June 30.
    • Payable Aug. 10; for shareholders of record Aug. 3; ex-div July 30.
    • Payable Sept. 9; for shareholders of record Sept. 2; ex-div Aug. 31.
    | Mon, Jun. 8, 7:59 AM | Comment!
  • Tue, Jun. 2, 12:16 PM
    • Davenport Village is Whitestone's (WSR +0.4%) 40th community centered shopping center in Texas, its 65th overall, and first in the Austin area.
    • The property has 129K square feet of leasable space and 34 tenants. It's currently 87% leased with considerable lease-up and value-add potential, says the company.
    • Terms of the deal weren't disclosed, but it was funded from the company's $500M credit line. Whitestone expects the purchase will be immediately accretive to earnings and cash flow.
    • Source: Press Release
    | Tue, Jun. 2, 12:16 PM | 1 Comment
  • Tue, May 5, 4:22 PM
    • Q1 core FFO of $8.2M or $0.34 per share vs. $7M and $0.31 one year ago.
    • Same store NOI up 1.2%. Total NOI up 23.3% to $14.3M.
    • Occupancy up 20 bps to 86.0%. 76 leases signed totaling 196K square feet. 113 leases signed one  year ago for 231.7K square feet.
    • Full-year core FFO guidance of $1.25-$1.30 per share is reiterated.
    • Conference call tomorrow at 11 ET
    • Previously: Whitestone REIT beats by $0.02, beats on revenue (May 5)
    • WSR flat after hours
    | Tue, May 5, 4:22 PM | Comment!
  • Tue, May 5, 4:14 PM
    • Whitestone REIT (NYSE:WSR): Q1 FFO of $0.34 beats by $0.02.
    • Revenue of $21.3M (+22.4% Y/Y) beats by $0.87M.
    • Press Release
    | Tue, May 5, 4:14 PM | Comment!
  • Mon, Apr. 6, 9:07 AM
    • City View Village is a Class-A, neighborhood community shopping center with 17.87K square feet of leasable space located across from The Strand of Huebner Oaks purchased by Whitestone (NYSE:WSR) last year.
    • Source: Press Release
    | Mon, Apr. 6, 9:07 AM | Comment!
  • Thu, Feb. 26, 4:34 PM
    • Q4 core FFO of $7.5M or $0.32 per share vs. $6.2M and $0.28 one year ago. Full-year core FFO of $28.2M or $1.20 per share vs. $20.8M and $1.10 in 2013.
    • Total occupancy of 86.8% up 100 basis points Y/Y.
    • 75 leases totaling 183K square feet inked during quarter. Total lease value of $12M up 12% from a year ago. For all 2014, total lease value of $53.4M up 21% from 2013.
    • 2015 guidance: Core FFO per share of $1.25-$1.30 vs. $1.20 in 2014.
    • Conference call tomorrow at 11 ET
    • Previously: Whitestone REIT beats by $0.04, misses on revenue (Feb. 26)
    • WSR flat after hours
    | Thu, Feb. 26, 4:34 PM | Comment!
  • Thu, Feb. 26, 4:12 PM
    • Whitestone REIT (NYSE:WSR): Q4 FFO of $0.32 beats by $0.04.
    • Revenue of $19.21M (+14.5% Y/Y) misses by $0.61M.
    • Press Release
    | Thu, Feb. 26, 4:12 PM | Comment!
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Company Description
Whitestone REIT owns and operates commercial properties in culturally diverse markets in metropolitan areas. The Company's portfolio includes retail, warehouse and office properties in and around Houston, Dallas, San Antonio, Chicago and Phoenix.
Sector: Financial
Country: United States