The earnings call reflected a positive sentiment overall, with strong growth in core FFO, strategic acquisitions, and redevelopment initiatives. Despite some challenges with timing and increased interest expenses, the company's financial performance and strategic positioning in high-growth markets contributed to a positive outlook.

Company Guidance -

Q3 2025

In the second quarter of 2025, Whitestone REIT reported a year-over-year increase in core FFO per share by 5.4% and a 100 basis point rise in occupancy from the previous quarter, reaching 93.9%. The average base rent per leased square foot grew by 5.3% to $25.28. The company reaffirmed its full-year guidance, projecting core FFO per share growth of 5% to 7%, underpinned by same-store NOI growth of 3% to 5%. Strategic acquisitions included San Clemente in Austin and South Hulen in Fort Worth, with anticipated same-store NOI growth for the quarter at 2.5% and 3.9% for the first half of the year. Whitestone's leasing spreads remained robust, with new leases achieving a 41.4% increase and renewals at 15.2%, contributing to a combined leasing spread of 17.9%. The company also highlighted ongoing redevelopment projects like Lion Square in Houston, expected to complete by the end of Q3, and emphasized its capital recycling program, which anticipates $40 million each in acquisitions and dispositions through year-end.

Increase in Core FFO Per Share

Core FFO per share increased by 5.4% year-over-year, indicating growth in financial performance.

Occupancy Growth

Occupancy grew 100 basis points sequentially from Q1 to 93.9%.

Strategic Acquisitions

Whitestone REIT acquired San Clemente in Austin and South Hulen in Fort Worth, both expected to drive future growth.

Strong Leasing Environment

Leasing spreads were 41.4% for new leases and 15.2% for renewals, with a combined leasing spread of 17.9% for the quarter.

Redevelopment Initiatives

Redevelopment at Lion Square in Houston is on track, expected to be completed by the end of the third quarter.

Same-Store NOI Growth

Same-store NOI growth was 2.5% for the quarter and 3.9% for the 6 months, with a target range of 3% to 4.5% for the year.

Debt-to-EBITDAre Improvement

Debt-to-EBITDAre improved to 7.2x from 7.8x for the same period a year ago.

Whitestone REIT (WSR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WSR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.10 / -	0.15	―	―	―
Jul 30, 2025	2025 (Q2)	0.08 / 0.10	0.05	100.00% (+0.05)
Apr 30, 2025	2025 (Q1)	0.09 / 0.07	0.18	-61.11% (-0.11)
Mar 03, 2025	2024 (Q4)	0.11 / 0.33	0.03	1000.00% (+0.30)
Oct 30, 2024	2024 (Q3)	0.20 / 0.15	0.05	200.00% (+0.10)
Jul 31, 2024	2024 (Q2)	0.23 / 0.05	0.22	-77.27% (-0.17)
May 01, 2024	2024 (Q1)	0.17 / 0.18	0.08	125.00% (+0.10)
Mar 06, 2024	2023 (Q4)	0.01 / 0.03	0.4	-92.50% (-0.37)
Oct 31, 2023	2023 (Q3)	0.09 / 0.05	0.08	-37.50% (-0.03)
Aug 01, 2023	2023 (Q2)	0.08 / 0.22	0.09	144.44% (+0.13)

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

WSR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$12.34	$12.14	-1.62%
Apr 30, 2025	$12.85	$12.40	-3.50%
Mar 03, 2025	$13.34	$13.80	+3.45%
Oct 30, 2024	$13.59	$13.33	-1.91%

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.

FAQ

When does Whitestone Reit (WSR) report earnings?

Whitestone Reit (WSR) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Whitestone Reit (WSR) earnings time?

Whitestone Reit (WSR) earnings time is at Nov 04, 2025, After Close (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 (Q3) is 0.1.

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