Short answer
Whitestone REIT (WSR) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $41M (up 8.9% year over year) with net income of $4M.
Q1 2026 key financials · XBRL
- Revenue
- $41M
- +8.9% YoY
- Net income
- $4M
- +11.9% YoY
- EPS (diluted)
- $0.08
- +14.3% YoY
Source: XBRL data from the Whitestone REIT (WSR) Q1 2026 10-Q on SEC EDGAR. USD.
Whitestone REIT Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $41.386M, up 9% YoY from $38.003M, driven by non-same-store revenue growth of 133%
- Net income $4.193M vs $3.748M YoY; FFO $14.367M vs $13.148M
- Best segment: non-same-store rental revenue $2.834M, up 134%; worst: same-store other revenue $490K, down 18%
- Occupancy 94% vs 93% YoY; distributions $7.378M vs $6.932M, payout 51% of FFO vs 53%
- Near-term headwinds: interest rates, tenant income pressures, vacancies, refinancing needs, and pending mergers
Risk Factors
- New merger-completion risk triggered by April 8, 2026 Merger Agreement, with closing expected in second half of 2026
- Most material update: $36 million termination fee payable after specified recommendation changes or no-shop breaches
- Regulatory and legal risk: shareholder approval and Parent’s REIT tax opinion required before closing
- Operational risk: merger restrictions may block attractive opportunities and disrupt tenant or vendor decisions during prolonged pendency
- Financial risk: delay or termination could require substantial transaction costs and reduce cash available for shareholder distributions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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