Whitestone REIT (WSR) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.32. The company posted revenue of $25.40 million in the period, compared to analysts expectations of $25.64 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.
Whitestone REIT opened for trading at $12.88 and hit $12.99 on the upside on Friday, eventually ending the session at $12.92, with a gain of 0.78% or 0.1 points. The heightened volatility saw the trading volume jump to 83,812 shares. Company has a market cap of $349 M.
In a different news, on Nov 13, 2015, Paul T Lambert (director) purchased 3,000 shares at $11.74 per share price. According to the SEC, on Aug 25, 2015, John J Dee (COO) purchased 1,000 shares at $10.84 per share price. On Aug 10, 2015, James C Mastandrea (CEO) purchased 2,000 shares at $12.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Whitestone REIT is a Real Estate Investment Trust (REIT). The Company is engaged in owning and operating commercial properties in diverse markets in metropolitan areas. As of December 31 2014 the Company owned a real estate portfolio of 63 properties containing approximately 5.5 million square feet of gross leasable area (GLA) located in Texas Arizona and Illinois. Its portfolio comprises 30 properties in Houston six properties in Dallas two properties in San Antonio 24 properties in the Scottsdale and Phoenix Arizona metropolitan areas and one property in Buffalo Grove Illinois a suburb of Chicago. Its tenants consist of national regional and local businesses. As of December 31 2014 it had approximately 1347 tenants. Its lease terms for its properties range from less than one year for smaller tenants to more than 15 years for larger tenants. Its primary business objective is to increase shareholder value by acquiring owning and operating Community Centered Properties.