Direktnyheter • 10h
Whitestone REIT Set for S&P SmallCap 600 Removal on Pending Ares Management Acquisition Whitestone REIT is set to be removed from the S&P SmallCap 600 index before the market opens on 14 July 2026, as the company is pending acquisition by Ares Management Corp., which is expected to close on or around that date.
The index exit marks a major change in ownership and market status for Whitestone REIT, and Centrus Energy Corp. will replace the stock in the S&P SmallCap 600 once the transaction is effective.
Whitestone REIT shares trade at $18.98, with the stock up 37.4% year to date, which reflects how the market has priced the company ahead of the anticipated deal completion.
This kind of acquisition and index removal typically leads to a shift in the shareholder base, with index funds likely exiting and merger-focused or yield-focused investors paying closer attention to deal timing and final terms. Upcoming Dividend • Jun 10
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 29 June 2026. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (4.4%). Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.081 (up from US$0.073 in 1Q 2025). Revenue: US$41.4m (up 8.9% from 1Q 2025). Net income: US$4.14m (up 12% from 1Q 2025). Profit margin: 10.0% (in line with 1Q 2025). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 12
Price target increased by 7.7% to US$18.57 Up from US$17.25, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of US$18.90. The company is forecast to post earnings per share of US$0.39 for next year compared to US$0.98 last year. Tillkännagivande • Apr 10
Ares Real Estate Management Holdings, LLC entered into a definitive merger agreement to acquire Whitestone REIT (NYSE:WSR) for approximately $1 billion. Ares Real Estate Management Holdings, LLC entered into a definitive merger agreement to acquire Whitestone REIT (NYSE:WSR) for approximately $1 billion on April 8, 2026. Pursuant to the terms and conditions in the Merger Agreement, each each common share of beneficial interest of Whitestone REIT will be automatically cancelled and converted into the right to receive an amount in cash equal to $19.00 (the “Merger Consideration”), without interest. Furthermore, each outstanding OP unit of partnership interest of Whitestone REIT Operating Partnership, L.P. will be converted into, and will be cancelled in exchange for, the right to receive an amount in cash equal to the Merger Consideration. Equity and debt financing commitments will be used to fund the transaction where Citigroup Global Markets Inc. has committed to provide debt financing under the debt commitment letter. In case of termination of transaction, Ares Real Estate Management Holdings, LLC will pay a termination fee of $77 million and Whitestone REIT will pay a termination fee of $36 million. Upon completion of the transaction, Whitestone will become a private company and shares of Whitestone’s common stock will be de-registered under the Securities Exchange Act of 1934, as amended, and no longer trade on the NYSE.
The transaction, which was unanimously approved by the Whitestone Board of Trustees, is expected to close in the third quarter of 2026, subject to customary closing conditions, including approval by the Whitestone REIT’s shareholders. Additionally, Ares shall have received a tax opinion of Bass, Berry & Sims PLC that Whitestone REIT has been organized and operated in conformity with the requirements for qualification and taxation as a REIT under the Code.
BofA Securities, Inc. acted as financial advisor and as fairness opinion provider for Whitestone REIT. Jones Lang LaSalle Securities, LLC acted as financial advisor and Richard Mattern, Scott Bell, and Tyler Huseman of Bass, Berry & Sims PLC acted as legal advisor for Whitestone REIT. Michelle Kelban, Jonathan Benloulou, Emily Lichtenheld, and Daniel Elizo of Kirkland & Ellis LLP acted as legal advisor for Ares. Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC acted as financial advisors for Ares. Tillkännagivande • Apr 09
Whitestone Reit Declares Quarterly Cash Dividend for the Second Quarter of 2026, Payable on June 29, 2026 Whitestone REIT announced that its Board of Trustees has declared a quarterly cash dividend of $0.1425 per share on the Company's common shares and operating partnership units for the second quarter of 2026. The payable date is June 29, 2026 and record date is June 17, 2026. Buy Or Sell Opportunity • Mar 12
Now 20% undervalued Over the last 90 days, the stock has risen 20% to US$16.25. The fair value is estimated to be US$20.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 8.2%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are forecast to decline by 19% per annum over the same time period. Upcoming Dividend • Mar 09
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 16 March 2026. Payment date: 30 March 2026. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (4.5%). Price Target Changed • Mar 06
Price target increased by 10% to US$17.00 Up from US$15.44, the current price target is an average from 8 analysts. New target price is 6.5% above last closing price of US$15.96. The company is forecast to post earnings per share of US$0.39 for next year compared to US$0.98 last year. Major Estimate Revision • Mar 04
Consensus EPS estimates fall by 20%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$166.8m to US$169.6m. EPS estimate fell from US$0.482 to US$0.385 per share. Net income forecast to shrink 60% next year vs 12% decline forecast for Retail REITs industry in the US. Consensus price target up from US$15.44 to US$16.38. Share price was steady at US$15.13 over the past week. Reported Earnings • Feb 26
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$0.98 (up from US$0.73 in FY 2024). Revenue: US$160.9m (up 4.3% from FY 2024). Net income: US$49.9m (up 35% from FY 2024). Profit margin: 31% (up from 24% in FY 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 26
Whitestone REIT Provides Earnings Guidance for the Year 2026 Whitestone REIT provided earnings guidance for the year 2026. For the period, the company expects net income attributable to the company to be in the range of $20,580,000 to $22,730,000, net income attributable to the company per share to be in the range of $0.38 to $0.43; Same store net operating income growth of 3.0% to 4.75%. Tillkännagivande • Jan 27
Whitestone REIT to Report Q4, 2025 Results on Feb 25, 2026 Whitestone REIT announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Tillkännagivande • Jan 09
MCB Real Estate Sends Letter to the Board of Trustees of Whitestone REIT On January 7, 2026, MCB Real Estate sent a letter to the Board of Trustees of Whitestone REIT regarding its previously announced proposal to acquire all outstanding shares of Whitestone REIT for $15.20 per share in cash, with no financing contingency. MCB Real Estate stated that more than a year has passed since the Board rejected its prior acquisition proposal, yet the Company has not made meaningful progress toward closing its significant value gap or addressing its material underperformance relative to peers. MCB Real Estate remains resolute that a sale of the Company is the best and only way to maximize value, and that the incumbent board members must take action now or be removed. Accordingly, it remains committed to voting against all incumbent Company directors at the next annual meeting of shareholders. MCB Real Estate urges each member of the Company’s Board to uphold their fiduciary duty to all shareholders by authorizing engagement with MCB Real Estate or initiating a public strategic alternatives process. Tillkännagivande • Dec 22
Whitestone REIT (NYSE:WSR) announces an Equity Buyback for $50 million worth of its shares. Whitestone REIT (NYSE:WSR) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its shares. The program will be valid till May 20, 2028. Declared Dividend • Dec 22
Dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 16th March 2026 Payment date: 30th March 2026 Dividend yield will be 4.0%, which is lower than the industry average of 5.2%. Tillkännagivande • Dec 19
Whitestone Reit Declares Quarterly Cash Dividend for the First Quarter of 2026, Payable on March 30, 2026 Whitestone REIT announced that its Board of Trustees has declared a quarterly cash dividend of $0.1425 per share on the Company's common shares and operating partnership units for the first quarter of 2026. The new dividend represents a 5.6% increase over the previous quarterly dividend amount. The first quarter dividend distribution for 2026 will be as detailed below: In March, the record date is March 16, 2026, and the payment date is March 30, 2026, with a distribution per share/unit of 0.1425. Major Estimate Revision • Nov 19
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.568 to US$0.638. Revenue forecast steady at US$158.0m. Net income forecast to shrink 39% next year vs 3.2% decline forecast for Retail REITs industry in the US. Consensus price target broadly unchanged at US$15.00. Share price was steady at US$13.12 over the past week. Buy Or Sell Opportunity • Nov 17
Now 20% undervalued Over the last 90 days, the stock has risen 6.2% to US$13.16. The fair value is estimated to be US$16.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are forecast to decline by 12% per annum over the same time period. Declared Dividend • Nov 14
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 1st December 2025 Payment date: 11th December 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.2%. Tillkännagivande • Nov 05
MCB PR Capital LLC made a proposal to acquire remaining 90.81% stake in Whitestone REIT (NYSE:WSR) for approximately $704 million. MCB PR Capital LLC made a proposal to acquire remaining 90.81% stake in Whitestone REIT (NYSE:WSR) for approximately $704 million on November 4, 2025. MCB made an all cash offer to acquire all of the outstanding common shares of Whitestone, at a price of $15.2 per share, backed by fully committed equity and debt financing supported by a highly confident letter from Wells Fargo. MCB, holding 9.2% of Whitestone's common shares, aims to acquire all outstanding shares. The transaction is subject to target shareholder approval and the initiation of a public strategic alternatives process by Whitestone's Board.
Vinson & Elkins LLP acted as legal advisor for MCB PR Capital LLC. Wells Fargo Securities, LLC acted as financial advisor for Whitestone REIT. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: FFO per share: US$0.3 (down from US$0.26 in 3Q 2024). Revenue: US$41.0m (up 6.3% from 3Q 2024). Funds from operations (FFO): US$12.9m (flat on 3Q 2024). FFO margin: 31% (down from 34% in 3Q 2024). Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Tillkännagivande • Oct 30
Whitestone REIT Revises Earnings Guidance for the Fiscal Year 2025 Whitestone REIT revised earnings guidance for the fiscal year 2025. For the year, the company expects Net income attributable to Whitestone REIT of $30,913,000 to $33,023,000 compared to previous guidance of $17,135,000 to $19,219,000. Net income attributable to Whitestone REIT per share of $0.59 to $0.63 compared to previous guidance of $0.33 to $0.37. Same store net operating income growth of 3.5% to 4.5% compared to previous guidance of 3% to 4.5%. Tillkännagivande • Oct 23
Whitestone REIT Appoints Felice Terrigno as Houston Division Director Whitestone REIT announced the strategic expansion of its best-in-class leasing team with the appointment of Felice Terrigno as Houston Division Director. Terrigno will oversee the leasing strategy for Whitestone’s Houston portfolio, which currently consists of more than 10 open-air, institutional-quality shopping centers. He will report to Whitestone’s President and COO Christine Mastandrea. Terrigno joins Whitestone after spending the past seven years at Houston-based SDI Realty Advisors where he learned to maximize the value and occupancy of retail shopping centers by securing the right tenants, negotiating leases, and shaping the tenant mix to strengthen the property’s long-term performance. His proven ability to attract national and regional tenants, foster long-term relationships, and align leasing initiatives with market trends will play a key role in expanding Whitestone’s portfolio value. Terrigno earned his undergraduate degree at the United States Military Academy with a focus on Business Administration and a minor in Nuclear Engineering. He played varsity football and graduated in 2007 as a Second Lieutenant Artillery Officer. After promoting to Captain, Terrigno joined Special Forces where he served as a Team Leader with 20Special Forces Group (Airborne). In 2018, Terrigno graduated from the Jesse H. Jones Graduate School of Business at Rice University where he enhanced his institutional knowledge of Finance and found his passion for commercial real estate. Declared Dividend • Oct 10
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 3rd November 2025 Payment date: 13th November 2025 Dividend yield will be 4.7%, which is lower than the industry average of 5.2%. Tillkännagivande • Oct 08
Whitestone REIT to Report Q3, 2025 Results on Oct 29, 2025 Whitestone REIT announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Oct 29, 2025 Upcoming Dividend • Sep 26
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 01 October 2025. Payment date: 09 October 2025. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (4.8%). Tillkännagivande • Sep 17
Whitestone REIT has filed a Follow-on Equity Offering in the amount of $100 million. Whitestone REIT has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Declared Dividend • Sep 12
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 1st October 2025 Payment date: 9th October 2025 Dividend yield will be 4.1%, which is lower than the industry average of 5.2%. Tillkännagivande • Aug 28
Whitestone REIT Declares Monthly Cash Dividend for the Fourth Quarter of 2025, Payable on October 9, 2025, November 13, 2025, December 11, 2025 Whitestone REIT announced that its Board of Trustees has declared a monthly (Month: October, November and December) cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the fourth quarter of 2025. The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The fourth quarter dividend distribution for 2025 will be as detailed below: Record dates are October 1, 2025, November 3, 2025, December 1, 2025. Payment dates are October 9, 2025, November 13, 2025, December 11, 2025. Upcoming Dividend • Aug 27
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 02 September 2025. Payment date: 11 September 2025. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.9%). Declared Dividend • Aug 13
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 2nd September 2025 Payment date: 11th September 2025 Dividend yield will be 4.3%, which is lower than the industry average of 5.2%. Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$0.099 (up from US$0.052 in 2Q 2024). Revenue: US$37.9m (flat on 2Q 2024). Net income: US$5.05m (up 95% from 2Q 2024). Profit margin: 13% (up from 6.9% in 2Q 2024). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Tillkännagivande • Jul 31
Whitestone REIT Updates Earnings Guidance for the Full Year 2025 Whitestone REIT updated earnings guidance for the full year 2025. For the year, the company expects net income attributable to Whitestone REIT to be in the range of $17,135,000 to $19,219,000 against the previous guidance of $17,135,000 - $19,219,000. Net income attributable to Whitestone REIT per share will be within the range of $0.33 to $0.37 against the previous guidance of $0.33 - $0.37. Upcoming Dividend • Jul 25
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 12 August 2025. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (5.0%). Declared Dividend • Jul 11
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 1st August 2025 Payment date: 12th August 2025 Dividend yield will be 4.1%, which is lower than the industry average of 5.2%. Tillkännagivande • Jul 02
Whitestone REIT to Report Q2, 2025 Results on Jul 30, 2025 Whitestone REIT announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 30, 2025 Tillkännagivande • Jun 30
Whitestone REIT(NYSE:WSR) dropped from Russell 2000 Dynamic Index Whitestone REIT(NYSE:WSR) dropped from Russell 2000 Dynamic Index Upcoming Dividend • Jun 27
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 10 July 2025. Trailing yield: 4.3%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.1%). Tillkännagivande • Jun 18
Whitestone REIT (NYSE:WSR) acquired 5000 South Hulen in Fort Worth, Texas. Whitestone REIT (NYSE:WSR) acquired 5000 South Hulen in Fort Worth, Texas on June 17, 2025.
Whitestone REIT (NYSE:WSR) completed the acquisition of 5000 South Hulen in Fort Worth, Texas on June 17, 2025. New Risk • Jun 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Jun 13
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 1st July 2025 Payment date: 10th July 2025 Dividend yield will be 4.2%, which is lower than the industry average of 5.2%. Tillkännagivande • Jun 10
Whitestone REIT Declares Monthly Dividend for July, August and September 2025, Payable on July 10, 2025, August 12, 2025, September 11, 2025 Whitestone REIT 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 third quarter of 2025. The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The third quarter dividend distribution for 2025 will be as detailed below: Record dates are July 1, 2025, August 1, 2025, September 2, 2025. Payment dates are July 10, 2025, August 12, 2025, September 11, 2025. Upcoming Dividend • May 28
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 02 June 2025. Payment date: 12 June 2025. Trailing yield: 4.4%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (5.1%). Declared Dividend • May 14
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 2nd June 2025 Payment date: 12th June 2025 Dividend yield will be 4.2%, which is lower than the industry average of 5.2%. Price Target Changed • May 12
Price target decreased by 7.4% to US$15.08 Down from US$16.29, the current price target is an average from 6 analysts. New target price is 18% above last closing price of US$12.73. The company is forecast to post earnings per share of US$0.37 for next year compared to US$0.73 last year. Recent Insider Transactions • May 08
Trustee & Independent Director recently bought US$192k worth of stock On the 2nd of May, Donald Miller bought around 15k shares on-market at roughly US$12.80 per share. This transaction increased Donald's direct individual holding by 9x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$28m more in shares than they have sold in the last 12 months. Reported Earnings • May 01
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: FFO per share: US$0.3 (up from US$0.24 in 1Q 2024). Revenue: US$38.0m (up 2.3% from 1Q 2024). Funds from operations (FFO): US$13.1m (up 11% from 1Q 2024). FFO margin: 35% (up from 32% in 1Q 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 25
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 13 May 2025. Trailing yield: 4.1%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (5.1%). Declared Dividend • Apr 11
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 1st May 2025 Payment date: 13th May 2025 Dividend yield will be 4.0%, which is lower than the industry average of 5.2%. Tillkännagivande • Apr 07
Whitestone REIT, Annual General Meeting, May 15, 2025 Whitestone REIT, Annual General Meeting, May 15, 2025. Tillkännagivande • Apr 01
Whitestone REIT to Report Q1, 2025 Results on Apr 30, 2025 Whitestone REIT announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Upcoming Dividend • Mar 26
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 01 April 2025. Payment date: 10 April 2025. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.6%). Lower than average of industry peers (5.0%). Declared Dividend • Mar 12
Dividend of US$0.045 announced Shareholders will receive a dividend of US$0.045. Ex-date: 1st April 2025 Payment date: 10th April 2025 Dividend yield will be 3.6%, which is lower than the industry average of 5.2%. Major Estimate Revision • Mar 10
Consensus EPS estimates fall by 17%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$157.6m to US$159.3m. EPS estimate fell from US$0.473 to US$0.39 per share. Net income forecast to shrink 46% next year vs 2.9% growth forecast for Retail REITs industry in the US . Consensus price target broadly unchanged at US$16.29. Share price rose 5.0% to US$14.26 over the past week. Tillkännagivande • Mar 06
Whitestone REIT Declares Cash Distribution for the First Quarter of 2025, Payable in January, February, and March of 2025 Whitestone REIT declared a quarterly cash distribution of $0.135 per common share and OP unit for the first quarter of 2025, to be paid in three equal installments of $0.045 in January, February, and March of 2025. Reported Earnings • Mar 04
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: FFO per share: US$1.0 (up from US$0.92 in FY 2023). Revenue: US$154.3m (up 7.2% from FY 2023). Funds from operations (FFO): US$50.7m (up 12% from FY 2023). FFO margin: 33% (up from 32% in FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 04
Whitestone REIT Provides Earnings Guidance for the Year 2025 Whitestone REIT provided earnings guidance for the year 2025. For the period, the company expects net income attributable to Whitestone REIT to be in the range of $17,135,000 to $19,219,000. The Company estimates net income available to common shareholders will be within the range of $0.33 to $0.37 per diluted share. Board Change • Feb 18
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Trustee Jeff Jones is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jan 17
Whitestone REIT to Report Q4, 2024 Results on Mar 03, 2025 Whitestone REIT announced that they will report Q4, 2024 results After-Market on Mar 03, 2025 Tillkännagivande • Nov 19
MCB Real Estate Provides Information to Shareholders of Whitestone REIT On November 18, 2024, MCB Real Estate delivered to the Board a letter notifying Whitestone REIT’s Board that MCB Real Estate was withdrawing the revised proposal, effective immediately. In the letter, MCB Real Estate informed the Board that it will continue to consider all options available to MCB Real Estate and other shareholders of the Company to ensure that the Board upholds its responsibilities. Tillkännagivande • Nov 18
MCB PR Capital LLC cancelled the acquisition to acquire remaining 90.6% stake in Whitestone REIT (NYSE:WSR). MCB PR Capital LLC made a proposal to acquire remaining 90.6% stake in Whitestone REIT (NYSE:WSR) for approximately $680 million on June 3, 2024. MCB made an all cash offer to acquire all of the outstanding common shares of Whitestone, at a price of $14 per share. MCB expect to fund the acquisition with a combination of equity and debt. MCB currently owns 4,690,000 of the Company’s common shares, representing approximately 9.4% of Whitestone's outstanding common shares. Equity for this transaction is fully committed from discretionary capital managed by MCB. With respect to the debt portion of the acquisition, MCB received a Highly Confident Letter from Wells Fargo with respect to the debt financing needed to complete the transaction. As of June 10, 2024, Whitestone Board of Trustees declines the offer. The Board believes that MCB indicated offer price does not represent a fair valuation and strongly believes that current management has a clear strategy and compelling pathway for creating long-term shareholder value significantly greater than the amount offered. On October 9, 2024, MCB PR Capital increased the value of its proposal to acquire the Whitestone REIT in an all-cash transaction. Under the terms of the revised proposal, Whitestone shareholders would receive $15 per share in cash. As of October 30, 2024, the Whitestone Board of Trustees has unanimously determined to reject indication of interest and does not believe it reflects an appropriate valuation to enter into discussions toward a negotiated transaction.
MCB expect the transaction’s definitive agreements to contain terms customary for a public REIT go-private transaction, including a customary condition to closing related to obtaining the approval of the Company’s shareholders. The Proposal is non-binding and subject to confirmatory diligence, as well as the execution of definitive transaction agreements. MCB has engaged Vinson & Elkins L.L.P. as lead counsel in connection with this transaction. Wells Fargo Securities, LLC acted as financial advisor to MCB.
MCB PR Capital LLC cancelled the acquisition to acquire remaining 90.6% stake in Whitestone REIT (NYSE:WSR) on November 18, 2024. Declared Dividend • Nov 15
Dividend of US$0.041 announced Shareholders will receive a dividend of US$0.041. Ex-date: 3rd December 2024 Payment date: 12th December 2024 Dividend yield will be 3.4%, which is lower than the industry average of 5.2%. Tillkännagivande • Nov 06
Whitestone REIT Announces Changes in Board of Trustees Whitestone REIT announced the appointments of Kristian (“Krissy”) M. Gathright and Donald (“Don”) A. Miller, CFA, to the Board of Trustees, effective immediately. Ms. Gathright currently serves as a Board member of Apple Hospitality REIT that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. During a span of over 20 years, she served in various roles at the company, including operations, strategic decision-making, raising capital and investor relations. In addition to her extensive operational and strategic contributions at Apple REIT, Ms. Gathright was instrumental in the company’s 2015 listing on the NYSE and its ownership transition from retail to institutional shareholders. She was serving as Apple REIT’s Executive Vice President and Chief Operating Officer prior to her retirement in 2020. Ms. Gathright has also served on the Board of Trustees for Spirit Realty, a net lease REIT. Ms. Gathright’s real estate operational expertise, B2C knowledge and Board experience will be highly complementary to Whitestone’s Board. Mr. Miller served as President and Chief Executive Officer for Piedmont Office Realty Trust for over a decade, including overseeing its initial public offering in 2010. Under his leadership, Piedmont recycled approximately $2.2 billion in assets and executed a consistent strategy focused on aggregating high-quality assets in targeted markets – a strategy that was reflected in Piedmont’s top-quartile ranking of stock performance relative to its peer group during the last three years prior to Mr. Miller’s retirement in 2019. Prior to his time at Piedmont, Mr. Miller was the head of real estate activities at Wells Real Estate Funds, where he was responsible for directing all aspects of acquisitions, asset management, dispositions, leasing property management and construction. He currently serves on the Board of Directors for three privately held organizations with significant real estate investments: Pacolet Milliken Enterprises, Watkins Associated Industries, and The Feil Organization. Mr. Miller’s multi-decade real estate leadership, Board expertise, and Sun Belt experience will be a significant enhancement to Whitestone’s Board of Trustees. Ms. Gathright will serve as a member of the Audit and Nominating and Corporate Governance Committees and Mr. Miller will serve as a member of the Compensation and Nominating and Corporate Governance Committees. In connection with these two appointments and as previously announced, Nandita V. Berry and David F. Taylor will step down from the Board effective immediately. The Whitestone Board will continue to comprise six trustees, five of whom are independent. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: FFO per share: US$0.3 (up from US$0.24 in 3Q 2023). Revenue: US$38.6m (up 5.0% from 3Q 2023). Funds from operations (FFO): US$13.0m (up 11% from 3Q 2023). FFO margin: 34% (up from 32% in 3Q 2023). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 80%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Retail REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Oct 28
Upcoming dividend of US$0.041 per share Eligible shareholders must have bought the stock before 04 November 2024. Payment date: 14 November 2024. Trailing yield: 3.5%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (4.6%). Declared Dividend • Oct 11
Dividend of US$0.041 announced Shareholders will receive a dividend of US$0.041. Ex-date: 4th November 2024 Payment date: 14th November 2024 Dividend yield will be 3.5%, which is lower than the industry average of 5.2%. Declared Dividend • Oct 03
Dividend of US$0.041 announced Shareholders will receive a dividend of US$0.041. Ex-date: 4th November 2024 Payment date: 14th November 2024 Dividend yield will be 3.7%, which is lower than the industry average of 5.2%. Tillkännagivande • Oct 02
Whitestone REIT to Report Q3, 2024 Results on Oct 30, 2024 Whitestone REIT announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Upcoming Dividend • Sep 25
Upcoming dividend of US$0.041 per share Eligible shareholders must have bought the stock before 02 October 2024. Payment date: 10 October 2024. Trailing yield: 3.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (4.6%). Declared Dividend • Sep 10
Dividend of US$0.041 announced Shareholders will receive a dividend of US$0.041. Ex-date: 2nd October 2024 Payment date: 10th October 2024 Dividend yield will be 3.8%, which is lower than the industry average of 5.2%. Tillkännagivande • Aug 03
Whitestone REIT Revises Earnings Guidance for the Second Quarter and Full Year 2024 Whitestone REIT revised earnings guidance for the full year 2024. For the period, the company expects Net income attributable to Whitestone REIT to be in the range of $21,368,000 to $24,368,000 against previous guidance of $16,600,000 to $19,600,000. Net income attributable to Whitestone REIT per share is expected to be in the range of $0.41 to $0.47 against previous guidance of $0.32 - $0.38. Tillkännagivande • Jul 11
Whitestone REIT to Report Q2, 2024 Results on Jul 31, 2024 Whitestone REIT announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Recent Insider Transactions • Jun 13
Independent Chair of the Board recently bought US$223k worth of stock On the 11th of June, Amy Feng bought around 17k shares on-market at roughly US$13.09 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$28m. Amy has been a buyer over the last 12 months, purchasing a net total of US$302k worth in shares. Declared Dividend • Jun 13
Dividend of US$0.041 announced Shareholders will receive a dividend of US$0.041. Ex-date: 5th July 2024 Payment date: 11th July 2024 Dividend yield will be 3.6%, which is lower than the industry average of 5.2%. Board Change • Jun 05
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Trustee Jeff Jones is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 
