NYSE$WSR

Whitestone REIT · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Whitestone reported strong performance and operating trends throughout the pandemic, achieving near-or-top-of-the-industry’s quarterly cash rental collections, and leading the shopping center industry in foot traffic recovery at its properties.

Whitestone REIT announced its Q4 2020 results, with a net income of $0.07 per diluted share. The company has demonstrated resilience amidst the COVID-19 pandemic, with high rental collections and leading foot traffic recovery. The company's focus on stabilizing properties and strong rental collection results have enabled them to outperform.

  • Net income attributable to common shareholders of $0.07 per diluted share for the fourth quarter.
  • FFO of $0.23 per share for the fourth quarter.
  • FFO Core of $0.24 per share for the fourth quarter.
  • Same-store NOI decreased 4.2% for the quarter.

Headline financials

Total Revenue

$29.8M

Previous: $30.1M-0.9%
EPS (adj)

$0.24

Previous: $0.26-7.7%
Net Income

$3.11M

Previous: $16.1M-80.7%
Operating Income

$6.98M

Previous: $8.41M-17.0%
Gross Profit

$19.9M

Previous: $20.4M-2.8%
Cash & Equivalents

$25.8M

Previous: $15.5M+66.0%
Total Assets

$1.05B

Previous: $1.06B-1.1%
Stock-Based Comp

$2.08M

Previous: $1.94M+7.6%

Revenue & EPS history

Whitestone · Revenue · Quarterly

$29.8M

Q4 2020-0.9%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Whitestone REIT's management expressed confidence in the company's ability to continue producing stable cash flows and serving its stakeholders.

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 Q4 2020

Historical avgQ4 2020

-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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