)

Whitestone REIT (WSR) investor relations material
Whitestone REIT Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Core FFO per share increased 5.4% year-over-year in Q2 2025, with occupancy at 93.9% and average base rent per square foot up 5.3% year-over-year to $25.28.
Q2 2025 net income attributable to shareholders was $5.1M, up from $2.6M in Q2 2024; six-month net income was $8.8M, down from $11.9M year-over-year.
Revenues for Q2 2025 were $37.9M, up 1% year-over-year; six-month revenues were $75.9M, up 1%.
Strong leasing environment in Sunbelt markets is driving value through tenant mix improvements and shorter lease terms.
Strategic acquisitions and redevelopment projects are enhancing portfolio quality and positioning for future growth.
Financial highlights
Q2 2025 Core FFO was $13.5M ($0.26 per diluted share), up from $12.6M ($0.24) in Q2 2024; six-month Core FFO was $26.6M, up from $23.1M.
Same-store NOI grew 2.5% in Q2 2025 to $25.0M and 3.9% year-to-date to $49.3M.
Leasing spreads reached 17.9% for the quarter, with new leases at 41.4% and renewals at 15.2%.
Distributions paid per share/unit increased to $0.1350 in Q2 2025 from $0.1238 in Q2 2024.
Bad debt for the quarter was just under 1% of revenues, consistent with the prior year.
Outlook and guidance
2025 full-year guidance: Core FFO per share of $1.03–$1.07, same-store NOI growth of 3%–4.5%, and year-end occupancy of 94%–95%.
Long-term same-store NOI growth target remains at 3%–5%.
Dividend expected to grow in line with earnings, currently at about 50%–51% of FFO.
Guidance excludes impacts from unannounced acquisitions/dispositions and Pillarstone bankruptcy claims.
2025 Core FFO growth assumes replacement of above-average 2024 termination fees with ongoing NOI.
Next Whitestone REIT earnings date

Next Whitestone REIT earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage