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Whitestone REIT (WSR)
NYSE:WSR
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.23Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -3.66%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with strong financial performance, successful leasing and remerchandising initiatives, and effective debt management. However, there are some concerns regarding variable debt exposure and uncertainties around the Pillarstone settlement and potential tax increases.Company Guidance
During the Whitestone REIT Third Quarter 2024 Earnings Call, several key metrics were highlighted to underscore the company's performance and future guidance. Whitestone reported a core FFO per share of $0.25, with a target of 11% core FFO per share growth for 2024. They achieved their 10th consecutive quarter with leasing spreads above 17%, specifically noting a total straight-line leasing spread of 25.3%. The company raised its same-store net operating income target range for the second quarter in a row, with same-store NOI growth reported at 4.6% for the third quarter. Their occupancy improved to 94.1%, with anchor occupancy at 97.4% and small space occupancy at 92.2%, both reflecting an increase of 140 basis points from the prior year. Whitestone also improved its debt-to-EBITDAre metric to 7.2x and is on track for a year-end target of 6.6 to 7x. The company emphasized its strategy of continuous improvement through remerchandising initiatives, which contributed to these strong results and set a positive outlook for the fourth quarter of 2024.Core FFO Per Share Growth
Whitestone REIT has achieved robust core FFO per share growth, with a target of 11% for 2024. This growth is attributed to operational improvements and strategic discipline.
Leasing Success
The company delivered its 10th consecutive quarter with leasing spreads above 17%, achieving a combined total straight-line leasing spread of 25.3% for Q3 2024.
Occupancy Improvement
Occupancy improved to 94.1%, with anchor occupancy at 97.4% and small space occupancy at 92.2%, both up 140 basis points year-over-year.
Same-Store NOI Growth
Whitestone REIT increased its same-store net operating income target range, achieving a 4.6% growth in Q3 2024.
Debt Management
The company improved its debt-to-EBITDAre metric to 7.2x and is on track to achieve a 6.6 to 7x target by year-end.
Successful Asset Repositioning
Whitestone REIT successfully remerchandised several centers, increasing traffic and average base rent (ABR) significantly. Examples include Lakeside Market Center and Lion Square center.
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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 |
|---|---|---|---|
| Oct 30, 2024 | $13.92 | $13.66 | -1.87% |
| Jul 31, 2024 | $13.55 | $13.44 | -0.81% |
| May 01, 2024 | $11.32 | $11.49 | +1.50% |
| Mar 06, 2024 | $11.71 | $11.68 | -0.26% |
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 Feb 26, 2025, TBA Not Confirmed.
What is Whitestone REIT (WSR) earnings time?
Whitestone REIT (WSR) earnings time is at Feb 26, 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 2024 (Q4) is 0.23.
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