Whitestone REIT (N:WSR)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2600 S Gessner Rd Ste 500 HOUSTON TX 77063-3223 |
| Tel: | 1-713-4352219 |
| Website: | https://www.whitestonereit.com |
| IR: | See website |
| Key People | ||
| David K. Holeman Chief Executive Officer, Trustee | John Scott Hogan Chief Financial Officer | Christine J. Mastandrea Chief Operating Officer |
| Soklin Siv Vice President - Human Resources | Peter Aristedes Tropoli General Counsel, Corporate Secretary | |
| Business Overview |
| Whitestone REIT is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Its centers are convenience focused merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company's properties include Ahwatukee Plaza, Kempwood Plaza, Davenport Village, Eldorado Plaza, Fountain Hills Plaza, Fountain Square, Fulton Ranch Towne Center, Anderson Arbor, Lakeside Market, Headquarters Village, Heritage Trace Plaza, La Mirada, Keller Place, Lakeside Market, Keller Place, Town Park Plaza, Lion Square, Las Colinas Village, Lake Woodlands Crossing, Dana Park Pad, Arcadia Towne Center and Garden Oaks Shopping Center, among others. It also owns Scottsdale Commons, a retail center in Scottsdale. |
| Financial Overview |
| For the three months ended 31 March 2024, Whitestone REIT revenues increased 4% to $37.2M. Net income increased from $3.8M to $9.3M. Revenues reflect Management, transaction, and other fees increase of 19% to $423K. Net income benefited from Equity Earnings -Before Taxes decrease of 87% to $28K (expense), Loss on disposal of assets decrease from $6K (expense) to $0K. Dividend per share remained flat at $0.12. |
| Employees: | 80 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,262M as of Mar 31, 2024 |
| Annual revenue (TTM): | $148.28M as of Mar 31, 2024 |
| EBITDA (TTM): | $80.86M as of Mar 31, 2024 |
| Net annual income (TTM): | $24.67M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$38.78M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $639.48M as of Mar 31, 2024 |
| Shares outstanding: | 49,959,638 as of Apr 26, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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