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Whitestone REIT (WSR)

NYSE - NYSE Delayed Price. Currency in USD
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8.08-0.39 (-4.60%)
At close: 4:00PM EDT
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  • D
    David
    FFO Core of $0.23 per share allows the company to cover the monthly dividend
    This is impressive in the face of the pandemic:
    --All 53 community centers are open and have remained open throughout the pandemic
    --95% of first quarter 2021 contractual rents have been collected
    --“Given our sustained performance, the Board of Trustees increased our dividend by 2.4% during the first quart
    PS: The Chief Financial Officer holds 526.095 shares ($4,366,588)
    ---95% of total April contractual rents have been collected to date
    --Entered into rent deferral agreements representing 0.5% of first quarter 2021 revenue
    Bullish
  • e
    erik
    How has this not bounced back to 13
  • C
    Chris
    why didn't the market like the ER? didn't seem bad to me.
  • M
    MikeM
    New to stocks only own my company’s stock usfd and they don’t have a dividen. Can somebody explain to me how this stock works do you get 42 cents a share per month or every 3 months. And how does the process work. Thanks if you respond I am thinking of buying would like to know
  • D
    Dave
    One might notice that there don't appear to be any insider sells in the last several months.
    One would assume that if they felt the company was in serious trouble they would be selling.

    This is good news:

    All 53 properties are open and operating;

    52 of 53 properties, representing 99.3% of revenues, are located in the business-friendly states of Texas and Arizona;

    97% of our tenants are open and operating based on annualized base rent (ABR); 90% of total Third Quarter 2020 billed recurring rents have been collected, up from 81% reporting in the Second Quarter 2020; and

    Approximately 3% of our billed recurring rents in Q3-2020 have been deferred through the entry into rent deferral agreements with tenants.
  • P
    Puzzled
    The problem with WSR as an investment is that the management and BOD reaped the benefit of the growth over the last number of years. On a per share basis growth is flat over the same period. Stock grants to management have diluted earnings, management gets the grants and sell immediately. Shareholders are left with a dividend financed by very high leverage. There needs to be oversight and they don't want any.
  • A
    A Magnum
    Good news for WSR shareholders. Latest update on rent collections:
    a. April 83.6%
    b. May 67.4%
    Went long again on x-div after, WSR announced its dividend cut by 63% an attempt to conserve cash due to the Coronavirus pandemic. IMHO with current collections, current dividends are not in jeopardy.
    Long and Happy Investing!
  • S
    Scott
    Who else is buying the dip in this great long term play?
    Bullish
  • A
    A Magnum
    Great news; personally excited! WSR’s signing adds over 9,800 square feet of significant leases, increasing NOI by 31% at Las Colinas Village in Irving, TX.
    “HOUSTON, March 18, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT is pleased to announce leasing signings at its Las Colinas Village property in the super-hot Dallas-Fort Worth market.
    The signings increase property level occupancy by 9.4%, Dallas portfolio occupancy by 1.5%, and Dallas portfolio NOI by 5.4%.”
    I am long for monthly income with growth potential. Happy Investing!
    Bullish
  • A
    A Magnum
    Rolled over proceeds from O today into WSR increasing my monthly income over 2.4X. I'm trading for income and growth.
    Long and Happy Investing!
  • G
    God
    i bought 150 stocks today, am eligible for dividend ? i m new so please advice
  • A
    Alexander
    Glad this one has been getting the love lately. Excellent stock - was fortunate enough to buy at $5 back in May.
  • P
    Puzzled
    Major shareholders need to get together and oust this management and BOD quickly, they have looted the company, need to salvage what remains.
  • W
    WAYNE
    Management are pigs on compensation
    There are costs to cut
    Are you listening CEO??
  • J
    Joe C
    My take is, buy at $10, it's a good round number that represents some value created by perception and don't under estimate the impact of this.

    Under $10, I'd say risk-reward is justified because this stock yields so much and it's already been beaten to the ground. Downside risk is limited.

    Limit at $10, $9.50. We'll see if mine get filled ....
  • A
    A Magnum
    WSR has met my 1st level of price appreciation since going long 6 month ago. Will hold and add more on any dips from here. This morning’s Dividend Reporting coupled with my read about the US economy:
    1. Strong GDP with record corporate profits still posting.
    2. Record low unemployment with household income at the highest level in 20 years
    3. Record consumer confidence continues.
    4. Low interest rates and may still decline further.
    … gives me a more positive read for WSR; plan on adding more on dips for future growth and income, Long and Happy Investing!.
    https://www.globenewswire.com/news-release/2019/09/23/1919015/0/en/Whitestone-REIT-s-Board-of-Trustees-Declares-Fourth-Quarter-2019-Dividends.html
    The Announcement Represents its 110th, 111th, and 112th Consecutive Monthly Dividend Distributions
    The Announcement Represents its 110th, 111th, and 112th Consecutive Monthly Dividend Distributions
    www.globenewswire.com
  • s
    smb
    Nice stock to own. Great dividend and moved up very nicely and will probably continue this. The fact that hedge funds sold does not mean you should. They have to show gains and that is how to lock it in. They probably made a lot because the stock really moved up. Based on the news it should continue doing well but it will drop when reits as a whole drop, like today.
  • b
    bmgrant
    My only regret in buying this stock is the saturation of my newsfeed by lawyers.
  • A
    Anonymous
    Reading annual report and seeing the age of the broad and past experience of ownership by the executives and KBS SOR interest for 3 broad seats I feel buy out or sell out could happen in the near future
  • B
    Bat
    I bought WSR about 2 years ago, for about the same price that it is now. It's been up and it's been down since I bought it. I have this stock on a DRIP and it is about 1% of my portfolio. The monthly dividend means that I've repurchased at highs and lows and that every month more money is spent on purchasing shares. So far, I'm okay with my return.