Core Points - Whitestone REIT has declared a monthly cash dividend of $0.045 per share for the third quarter of 2025, amounting to a quarterly total of $0.135 per share and an annualized total of $0.54 per share [1] - The dividend distribution schedule includes payments in July, August, and September 2025, with record dates and payment dates specified [1] Company Overview - Whitestone REIT is a community-centered real estate investment trust that focuses on acquiring, owning, operating, and developing open-air retail centers in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio [2] - The company's retail centers are designed to provide convenience, featuring a mix of service-oriented tenants that include restaurants, grocers, health and fitness services, financial services, education, and entertainment [3] - Strong community connections and deep tenant relationships are considered key to the success of the company's current centers and acquisition strategy [3]

Whitestone REIT Conference Call Summary Company Overview - **Company**: Whitestone REIT (Ticker: WSR) - **Market Cap**: $630 million - **Focus**: Community center REIT primarily in Sunbelt markets, specifically Arizona and Texas - **Tenant Base**: 1,400 service-oriented tenants with shorter lease durations [1][2][4] Core Strategies and Financial Performance - **Portfolio Composition**: 77% of the portfolio consists of optimal 1,500 to 3,000 square foot spaces, catering to high demand [5] - **Earnings Growth**: Projected FFO per share growth of 5% to 7% in the future, with same-store NOI growth at a CAGR of 5.5% since 2021 [6] - **Dividend Growth**: Dividends have grown in tandem with earnings, alongside a strengthened balance sheet [6] Market Conditions and Leasing Trends - **Leasing Activity**: No significant slowdown in leasing despite macroeconomic uncertainties; longer build-out times noted [7][8] - **Rent Increases**: Significant rent increases observed, with pad rents nearly doubling from $50 to around $90 per square foot [8][42] - **Foot Traffic**: Foot traffic increased by approximately 7%, with some centers seeing over a 10% increase [9][12] Competitive Landscape - **Tenant Dynamics**: Service-focused tenants (medical, fitness, restaurants) outperforming soft goods merchants; incumbents facing challenges from emerging brands [10][11] - **Tenant Watch List**: All tenants are under scrutiny; focus on upgrading tenant quality due to favorable supply-demand dynamics [14][15] Occupancy and Retenanting Strategy - **Occupancy Rates**: Portfolio occupancy dipped to 92.9% but expected to rise to 94%-95% by year-end [18][25] - **Retenanting Initiatives**: Active retenanting of underperforming spaces, with a focus on bringing in stronger operators [20][16] Financial Strategy and Capital Management - **Leverage Improvement**: Debt to EBITDAre reduced from 10.4 times in 2020 to 6.6 times in 2024 [36] - **Liquidity Position**: Approximately $98 million in revolver availability with no maturities until 2025 [37] - **Investment Grade Rating**: Achieved in 2023, enhancing access to capital and reducing borrowing costs [37] Future Growth Opportunities - **Pad Site Redevelopment**: Plans for $20 million to $30 million in pad site redevelopment projects for 2025 and 2026, potentially lifting same-store NOI by 100 bps [50] - **Cap Rate Trends**: Cap rates for neighborhood centers are stabilizing; targeting smaller centers in the $20 million to $40 million range [54] Risks and Challenges - **Economic Sensitivity**: Retail sector is sensitive to economic fluctuations; focus on understanding community needs is critical [61][63] - **Market Competition**: Limited competition in target markets due to high barriers to entry for new developments [64] Conclusion - **Investment Thesis**: Whitestone REIT presents a compelling investment opportunity due to its strong geographic positioning, consistent earnings growth, and proactive tenant management strategies [58][60]

Core Viewpoint - Western Star Resources Inc. is initiating a non-brokered Private Placement to raise up to $555,000 through the issuance of 3,700,000 units priced at $0.15 each, aimed at funding exploration and operational activities [1][3]. Group 1: Private Placement Details - The Private Placement will consist of units that include one common share and one share purchase warrant, exercisable at $0.30 for two years [2]. - An acceleration clause is included, allowing the company to shorten the warrant term to 30 days if the share price reaches CAD$0.40 for 10 consecutive trading days [2]. - All securities issued will be subject to a four-month holding period [2]. Group 2: Use of Proceeds - The net proceeds from the Private Placement will be utilized to define high-priority drill targets at the Western Star Project, along with general working capital and market awareness initiatives [3]. Group 3: Company Overview - Western Star Resources is focused on mineral exploration and development, aiming to enhance shareholder value through cost-effective exploration and strategic partnerships [5]. - The company holds nine contiguous mineral claims totaling 2,797 hectares in the Revelstoke mining division of British Columbia, located approximately 50 kilometers southeast of Revelstoke [5].

Core Insights - Whitestone REIT will have its CEO Dave Holeman participate in a "Fireside Chat" at the Nareit's 2025 REITweek Investor Conference on June 3, 2025, at 9:30 AM Eastern [1] - The company focuses on community-centered real estate investment, acquiring and operating open-air retail centers in rapidly growing markets such as Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio [1][2] Company Overview - Whitestone REIT is a real estate investment trust (REIT) that emphasizes convenience by offering a mix of service-oriented tenants, including restaurants, grocers, health and fitness services, financial services, logistics, education, and entertainment [2] - The company believes that its strong community connections and deep tenant relationships are crucial for the success of its current centers and its acquisition strategy [2]

Core Insights - The article emphasizes the importance of identifying investment opportunities where intrinsic value diverges from market price, particularly focusing on undervalued companies [1] - A specialized interest in Real Estate Investment Trusts (REITs) is highlighted, suggesting that the REIT sector offers significant potential for long-term growth [1] - The investment approach is grounded in fundamental analysis, prioritizing financial health, competitive positioning, and management quality [1] Group 1 - The author has a solid foundation in finance, developed through academic studies and hands-on research projects [1] - There is a strong emphasis on thorough research and analysis across various companies to uncover hidden investment gems [1] - The goal is to generate sustainable returns by adhering to a disciplined investment philosophy [1] Group 2 - The article indicates that the REIT sector presents abundant opportunities for investors due to its unique dynamics [1] - The focus on due diligence is crucial, as it involves evaluating key factors that influence a company's performance [1] - The author aims to identify undervalued REITs that are poised for substantial appreciation [1]

Core Viewpoint - Whitestone REIT (WSR) has announced the acquisition of San Clemente, a restaurant-anchored retail center in Austin, TX, which has positively impacted its stock price, closing 5.2% higher on May 8, 2025, as investors reacted favorably to the purchase [1]. Company Strategy - The acquisition aligns with Whitestone's growth strategy to enhance its portfolio with properties that have strong dynamics and retailer relationships in affluent neighborhoods [2]. - San Clemente is the fifth addition to Whitestone's portfolio in Austin, benefiting from strong inbound migration and a booming tech sector [3]. Location and Demographics - The center is strategically located near major technology companies, including Apple and Tesla, and serves an affluent population with an average household income exceeding $280,000 [3][4]. - The center benefits from strict development restrictions that limit oversupply and has significant traffic support, with over 55,000 vehicles per day [4]. Market Dynamics - The acquisition is expected to enhance Whitestone's asset base in a solid trade area, with proximity to key river crossings and upcoming developments likely to drive foot traffic [6]. - Despite the positive aspects of the acquisition, the retail market is experiencing a shift towards online sales, which poses challenges for brick-and-mortar stores like WSR [7]. Financial Performance - Over the past three months, WSR shares have declined by 7.6%, underperforming the industry, which saw a slight decline of 0.3% [7]. - Comparatively, other REITs like Digital Realty Trust and Cousins Properties are performing better, with positive growth estimates for their funds from operations (FFO) [8][9].

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 ...

For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 WHITESTONE REIT (Exact Name of Registrant as Specified in Its Charter) Maryland 76-0594970 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer ...

Whitestone REIT (WSR) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Company Participants David Mordy - Director of Investor RelationsDavid Holeman - CEOChristine Mastandrea - President & Chief Operating OfficerJ. Scott Hogan - CFO & ControllerGaurav Mehta - Managing DirectorMitch Germain - Managing Director - Real Estate Research Conference Call Participants John Massocca - Senior Research Analyst Operator Ladies and gentlemen, greetings, and welcome to the Whitestone REIT First Quarter twenty twenty five ...

Whitestone REIT (WSR) Q1 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Ladies and gentlemen, greetings, and welcome to the Whitestone REIT First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Modi, Director of Investor Relations. Please go ahead. Speaker1 Good morni ...