Dividend And ReturnsOver the next four quarters, a dividend yield of 4.3% and stock price appreciation of 19.6% is expected, resulting in an estimated 12-month total return of about 24%.
Financial PerformanceWhitestone REIT continues to construct a track record of solid performance, which should further narrow the valuation discount, as the company has consistently produced operating performance ahead of shopping center REIT peers, while leverage continues to trend down.
Leasing And OccupancyThe company achieved leasing spreads of 21.9% during the quarter, comprised of 36.1% on new leases and 19.0% on renewal leases during the quarter.