NYSE$WSR

Whitestone REIT · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Whitestone REIT reported Q4 2024 revenue of $40.8M with net income attributable to common shareholders of $17.3M.

Revenues were $40.8 million for the quarter ended December 31, 2024, with same-store NOI up 5.8%. Net income attributable to common shareholders was $17.3 million ($0.33 per diluted share); core FFO per share was $0.28.

  • Q4 revenue $40.8M.
  • Net income to common $17.3M; EPS $0.33.
  • Core FFO per share $0.28 (+17% YoY).
  • Same-store NOI +5.8%.

Headline financials

Total Revenue

$40.8M

Previous: $37.5M+8.7%
EPS (adj)

$0.33

Previous: $0.21+57.1%
Net Income

$17.3M

Previous: $1.5M+1053.3%

Revenue & EPS history

Whitestone · Revenue · Quarterly

$40.8M

Q4 2024+8.7%vs Q4 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

Outlook focuses on portfolio quality, spreads, and distributions rather than explicit EPS guidance.

Tailwinds

  • Investment income and NOI trends support shareholder returns.
  • Origination and leasing pipelines may redeploy capital at higher yields.

Headwinds

  • Credit markdowns or rate moves can pressure book value and earnings.
  • Realized losses on investments may reduce distributable earnings.

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 2024

Historical avgQ4 2024

-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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