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

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) declared a oct 25 dividend on Thursday, August 28th, RTT News reports. Shareholders of record on Wednesday, October 1st will be paid a dividend of 0.045 per share by the real estate investment trust on Thursday, October 9th.

Whitestone REIT has a payout ratio of 128.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Whitestone REIT stock opened at $13.02 on Thursday. Whitestone REIT has a 12-month low of $11.77 and a 12-month high of $15.36. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.41 and a quick ratio of 2.41. The company has a market capitalization of $664.03 million, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The firm's fifty day moving average price is $12.46 and its 200 day moving average price is $12.95.

Whitestone REIT (NYSE:WSR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $37.68 million for the quarter, compared to analysts' expectations of $38.55 million. Whitestone REIT had a net margin of 21.70% and a return on equity of 7.76%. Whitestone REIT has set its FY 2025 guidance at 1.030-1.070 EPS. On average, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.