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Whitestone Reit (WSR)
:WSR
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.09Last Year’s EPS
0.18Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: 3.46%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Whitestone REIT demonstrates strong performance with significant earnings growth and strategic redevelopments. Despite the challenges of interest rate impacts and timing uncertainties in larger redevelopments, the company maintains a positive outlook. The highlights, including strong leasing performance, dividend increases, and reduced leverage, significantly outweigh the lowlights.Company Guidance
In the Whitestone REIT Fourth Quarter 2024 Earnings Conference Call, the company outlined its strategic guidance for future growth, emphasizing a targeted 4% to 6% organic core FFO growth over the next five years, driven by 3% to 5% same-store net operating income growth. They highlighted a historical compound annual growth rate for core FFO per share of 5.5% over the past three years, despite facing challenges like a 380 basis point increase in interest rates. The reduction in leverage was noted, with debt-to-EBITDAre improving from 9.2x in Q4 2021 to 6.6x in Q4 2024. Whitestone also aims for a 100 basis point uplift in core FFO growth from acquisitions and plans for continued redevelopment investments to enhance same-store NOI growth. The company's recent dividend increase of over 9% reflects a dividend CAGR of 6.5% since 2021, maintaining a 50% core FFO payout ratio. Whitestone's adaptability to demographic shifts and strategic redevelopment efforts are central to its growth strategy.Strong Earnings Growth
Whitestone REIT delivered 11% growth in core FFO per share, rising from $0.91 in 2023 to $1.01 in 2024.
Same-Store NOI Growth
The company achieved a same-store NOI growth of 5.1% for the full year and 5.8% for the fourth quarter.
Successful Leasing Strategies
Whitestone reported 11 consecutive quarters with leasing spreads over 17%, with renewal leasing spreads at 19% and new leasing spreads at 36.1% in Q4 2024.
Dividend Increase
The company raised its dividend by over 9%, with a CAGR of 6.5% since 2021, maintaining a 50% core FFO payout ratio.
Debt Reduction
Improved leverage from 9.2x debt-to-EBITDAre in Q4 2021 to 6.6x in Q4 2024.
Redevelopment and Value Addition
Redevelopment projects like Williams Trace in Houston boosted center traffic by 60% and are expected to enhance same-store NOI growth in 2026.
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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 |
|---|---|---|---|
| Mar 03, 2025 | $13.58 | $14.05 | +3.46% |
| Oct 30, 2024 | $13.83 | $13.56 | -1.95% |
| Jul 31, 2024 | $13.46 | $13.35 | -0.82% |
| May 01, 2024 | $11.24 | $11.42 | +1.60% |
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 May 06, 2025, TBA Not Confirmed.
What is Whitestone Reit (WSR) earnings time?
Whitestone Reit (WSR) earnings time is at May 06, 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 (Q1) is 0.09.
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