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Whitestone Reit (WSR)
:WSR
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.08Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -2.38%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in core financial metrics and successful leasing activities, supported by strategic redevelopment projects. However, concerns were noted regarding occupancy declines and potential consumer behavior shifts. Overall, the positive achievements in financial and operational performance slightly outweigh the challenges noted.Company Guidance
In the first quarter of 2025, Whitestone REIT reiterated its core FFO guidance, reporting a core FFO per share of $0.25, marking a 4.2% increase from Q1 2024. The company achieved a same-store net operating income (NOI) growth of 4.8%, near the top of its forecasted range. Leasing spreads were robust, with 20.3% for straight-line leasing, consistent with the company's performance over the last 12 quarters. Whitestone raised its annual net effective average base rent per square foot by 4% compared to Q1 2024. The company outlined plans for modest capital expenditures of $20 million to $30 million over the next few years, anticipating that these investments will drive strong results, including up to 100 basis points of same-store NOI growth lift between 2026 and 2028. Additionally, Whitestone's debt-to-EBITDAre improved to 7.2x from 7.8x a year ago, with projections to further decrease to the low 6s by year-end 2025. The company also highlighted a $50 million acquisition pipeline, to be financed through cash flow and dispositions, as part of its strategy to enhance the portfolio's quality and performance.Increase in Core FFO and Leasing Spreads
Core FFO per share increased by 4.2% to $0.25 compared to Q1 '24. Leasing spreads achieved were 20.3%, marking the 12th consecutive quarter with spreads over 17%.
Strong Same-Store NOI Growth
Whitestone reported a same-store net operating income growth of 4.8%, near the top of their forecasted range.
Record Lease Value Signed
The company signed $31 million in total lease value, the highest first quarter amount ever, with new lease spreads at 22.6% and renewals at 19.9%.
Redevelopment Efforts and Future Growth
Redevelopment projects like Lion Square are expected to contribute significantly to NOI, with anticipated growth of 30% to 50% in those centers.
Improved Debt Metrics
Debt-to-EBITDAre reduced to 7.2x from 7.8x a year ago, with expectations to lower it further to the low 6s by year-end.
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WSR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WSR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $13.04 | $12.54 | -3.83% |
Mar 03, 2025 | $13.54 | $14.01 | +3.47% |
Oct 30, 2024 | $13.79 | $13.52 | -1.96% |
Jul 31, 2024 | $13.42 | $13.31 | -0.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Whitestone Reit (WSR) report earnings?
Whitestone Reit (WSR) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Whitestone Reit (WSR) earnings time?
Whitestone Reit (WSR) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSR EPS forecast?
WSR EPS forecast for the fiscal quarter 2025 (Q2) is 0.08.
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