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Stock impact report

Whitestone REIT Reports First Quarter 2024 Results

Whitestone REIT Common Shares (WSR) 
Last whitestone reit common shares earnings: 2/26 04:15 pm Check Earnings Report
US:NYSE Investor Relations: whitestonereit.com
Company Research Source: GlobeNewswire
HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. “We delivered a very strong quarter on multiple fronts, with GAAP leasing spreads of 26% on new leases and 15% on renewal leases, portfolio annualized base rent per square foot increasing 7% from the 2023 first quarter to $23.83 and occupancy of 93.6%. Our performance is benefitting from a combination of strong organic growth and the success of our capital recycling program. We are reiterating our 2024 full year Core FFO per share guidance, which provides for 11% year-over-year growth at the midpoint. We are strategically positioned to grow shareholder Show less Read more
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