NYSE$WSR

Whitestone REIT · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Whitestone's financial results increased, occupancy rose, debt was reduced, and expenses were successfully scaled.

Whitestone REIT reported strong Q2 2021 results, marked by increased revenues and occupancy, debt reduction, and successful expense scaling, driven by the re-activation of their strategic growth plan and well-located portfolio.

  • Revenues increased to $30.6 million compared to $27.6 million in Q2 2020.
  • Net income attributable to common shareholders per share was $0.12, up from $0.01 in Q2 2020.
  • Core FFO per share rose to $0.26, compared to $0.22 in Q2 2020.
  • Same-store NOI increased by 8.4% from Q2 2020.

Headline financials

Total Revenue

$30.6M

Previous: $27.6M+10.9%
EPS (adj)

$0.26

Previous: $0.22+18.2%
Capital Expenditures

-$3.5M

Previous: -$3.05M-14.6%
Free Cash Flow

$1.63M

Previous: -$2.64M+161.6%
Net Income

$5.13M

Previous: $410K+1150.2%
Operating Income

$3.28M

Previous: $151K+2074.2%
Gross Profit

$9.18M

Previous: $7.2M+27.4%
Cash & Equivalents

$22.3M

Previous: $39.9M-44.2%
Total Assets

$1.03B

Previous: $1.07B-3.4%
Stock-Based Comp

$1.18M

Previous: $1.14M+3.2%

Revenue & EPS history

Whitestone · Revenue · Quarterly

$30.6M

Q2 2021+10.9%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

No forward guidance provided in this report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.7%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.5%

Avg return

30 days after

42%

26 / 62 earnings

Positive

+7.5%

Q1 2020

Best reaction

-12.0%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%+0.2%+0.4%
Q4 2025+1.1%-0.5%+5.2%
Q3 2025+6.9%+9.5%+10.4%
Q1 2025-3.8%-2.1%-5.5%
Q4 2024+3.5%+5.0%+4.5%
Q3 2024-2.7%-1.4%+4.0%
Q2 2024-2.5%-8.5%-4.4%
Q1 2024+2.4%+2.3%+13.4%
Q4 2023-1.2%-0.8%-5.7%
Q3 2023+2.5%+12.4%+13.1%
Q2 2023-0.6%+0.2%-3.1%
Q1 2023-1.4%-1.1%-0.1%
Q4 2022-1.3%+0.5%-5.4%
Q3 2022-4.8%-1.4%+3.4%
Q2 2022-5.8%-6.5%-10.8%
Q1 2022+5.1%+0.7%+2.2%
Q4 2021+5.5%+13.0%+12.5%
Q3 2021-4.5%-7.4%-1.7%
Q2 2021+1.5%+7.2%+13.5%
Q1 2021-5.8%-5.2%-15.8%
Q4 2020-1.7%-1.7%-0.7%
Q3 2020-3.6%-7.0%+28.7%
Q2 2020-4.5%+6.3%-1.5%
Q1 2020+7.5%-7.3%+39.5%
Q4 2019-3.2%-3.9%-52.3%
Q3 2019+0.2%-0.4%-1.2%
Q2 2019-0.5%-6.1%-3.6%
Q1 2019-2.6%-0.4%-1.2%
Q4 2018-9.1%-15.4%-16.1%
Q3 2018+2.2%+0.1%+2.1%
Q2 2018-1.9%-1.4%+4.9%
Q1 2018+3.1%+8.9%+10.2%
Q4 2017-12.0%-12.0%-15.8%
Q3 2017+6.2%+5.4%+10.9%
Q2 2017-1.3%-1.5%-2.3%
Q1 2017-6.9%-2.7%-4.7%
Q4 2016-2.4%-1.6%-2.3%
Q3 2016-3.4%-3.9%+3.2%
Q2 2016-1.3%-0.1%-8.0%
Q1 2016+1.0%
Q4 2015+5.7%
Q3 2015+0.5%
Q2 2015-0.5%
Q1 2015-5.1%
Q4 2014+0.4%
Q3 2014+0.9%
Q2 2014-0.2%
Q1 2014+0.0%
Q4 2013-1.1%
Q3 2013-1.9%
Q2 2013+1.5%
Q1 2013+2.3%
Q4 2012-2.4%
Q3 2012-3.2%
Q2 2012-3.3%
Q1 2012+1.0%
Q1 2011+1.0%
Q4 2011+0.5%
Q2 2011+0.5%
Q3 2011+1.2%
Q4 2010-6.2%
Q3 2010+2.8%
Q2 2010
Q1 2010

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