Whitestone REIT Announces Oct 25 Dividend of $0.05 (NYSE:WSR)

Key Points

• Whitestone REIT has declared a dividend of $0.05 per share, payable on October 25, to shareholders who are on record by October 1.
• The company's current payout ratio is 128.6%, indicating it relies on its balance sheet to fund dividends; however, analysts project a future payout ratio of 51.4% as earnings improve.
• Whitestone REIT reported $0.26 earnings per share for the most recent quarter, exceeding estimates, although revenue fell short of expectations at $37.68 million.

Whitestone REIT (NYSE:WSR - Get Free Report) announced a oct 25 dividend on Thursday, August 28th, RTT News reports. Investors of record on Wednesday, October 1st will be given a dividend of 0.045 per share by the real estate investment trust on Thursday, October 9th. This represents a dividend yield of 415.0%. The ex-dividend date is Wednesday, October 1st.

Whitestone REIT has a dividend payout ratio of 128.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Whitestone REIT to earn $1.05 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 51.4%.

Whitestone REIT Price Performance

Shares of NYSE WSR traded down $0.15 during mid-day trading on Tuesday, hitting $12.97. 56,208 shares of the stock traded hands, compared to its average volume of 235,103. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.41 and a quick ratio of 2.41. Whitestone REIT has a twelve month low of $11.77 and a twelve month high of $15.36. The company has a market cap of $661.73 million, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. The firm has a 50 day simple moving average of $12.50 and a two-hundred day simple moving average of $12.93.

Whitestone REIT (NYSE:WSR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The business had revenue of $37.68 million during the quarter, compared to analyst estimates of $38.55 million. Whitestone REIT had a return on equity of 7.76% and a net margin of 21.70%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, equities research analysts forecast that Whitestone REIT will post 0.99 EPS for the current fiscal year.

Whitestone REIT Company Profile

Whitestone REIT NYSE: WSR is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our 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.