The acquisition closed on July 14, 2026 (SEC 8-K 2.01). Its last closing price was on July 13, 2026. It has left the AI-ranked universe. The score and rank below are its final ones, from July 1, 2026. Source: SEC 8-K 2.01
Whitestone REIT WSR
NYSESmall CapReal Estate
Final 13F Pro quality score
Final rank #973 of 2,856 · as of July 1, 2026TOP 50%
AI-extracted from the 10-Q filed 2026-05-06 — Q1 FY2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Whitestone REIT posted Q1 revenue of $41.4M (+9% YoY) and, subsequent to quarter-end, agreed to be acquired by AREG Wizard Parent LP for $19.00 per share in cash.
Biggest Revenue Drivers
Rental$40.9M+9% YoY
Combines base rent, recoveries and percentage rents, offset by bad debt adjustments
Other revenue$492K-18% YoY
Primarily lease termination fees
Biggest Revenue Drivers
Total revenue: $41.4M+9% YoY
Rental$40.9M+9% YoY
Combines base rent, recoveries and percentage rents, offset by bad debt adjustments
Within Rental
Same Store Rental$38.1M+5% YoY
Higher average rent per leased square foot ($24.47 to $25.29) and increased recoveries from higher occupancy
Non-Same Store Rental$2.8M+134% YoY
Contribution from 2025-2026 acquisitions (San Clemente, South Hulen, Ashford Village, World Cup Plaza, Dunlap Crossings)
Other revenue$492K-18% YoY
Primarily lease termination fees
Largest Expense Items
Depreciation and amortization$10.0M+7% YoY
Growth in the real estate asset base from acquisitions
Operating and maintenance$7.4M+5% YoY
Increased contract services and utility costs
General and administrative$6.0M+10% YoY
Higher payroll, office expenses and share-based compensation, partly offset by lower legal fees
Real estate taxes$5.1M+21% YoY
Increases at Same Store properties and taxes on newly acquired Non-Same Store properties
Margins: Same Store NOI rose 3.8% to $25.8M as rent growth and recoveries outpaced higher real estate taxes; total operating expenses grew roughly in line with revenue (+9%), keeping operating margin broadly stable.
Watch Items from the Filing
On April 8, 2026, Whitestone entered a merger agreement to be acquired for $19.00/share cash, expected to close H2 2026; a $36M termination fee is payable by the Company or $77M by Parent under specified circumstances.
$79.8 million (~12% of total debt) carries unhedged floating rates (SOFR plus 1.30%-1.90%); a 1% rate move would shift annual net income by approximately $0.8 million.
Geographic concentration in Houston, Dallas and Phoenix metro markets makes the company susceptible to local economic downturns.
Largest tenant represents only 2.1% of annualized rental revenue across 1,448 tenants, indicating low customer concentration risk.
Former CEO's $25 million damages lawsuit remains on appeal at the 14th Court of Appeals of Texas, with a decision pending as of the filing date.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Buthman Julia BrunsDirectorDisposition to issuer · Jul 14, 2026
Holeman David KChief Executive OfficerDisposition to issuer · Jul 14, 2026
About Whitestone REIT (WSR): stock profile, AI score and financials
Acquired by AREG Wizard Parent LP: Whitestone REIT (WSR) no longer trades and has left 13F Pro's AI-ranked universe. The acquisition closed on July 14, 2026 (SEC 8-K 2.01). Its last closing price was on July 13, 2026. It has left the AI-ranked universe. The score and rank below are its final ones, from July 1, 2026. Whitestone REIT (WSR) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro tracks WSR using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q1 2026), Whitestone REIT reports quarterly revenue of $41.4M, net income of $4.1M, an operating margin of 10.4%. Top institutional holders of WSR by reported 13-F value include BlackRock, NEXPOINT ASSET MANAGEMENT, L.P., VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. WSR trades on the NYSE exchange and files with the SEC under CIK 1175535. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WSR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Whitestone REIT directly from SEC EDGAR.