Whitestone REIT (WSR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Director of Investor Relations. Thank you. You may begin. Good morning and thank you for joining Whitestone REIT's second quarter 2025 earnings conference call. Joining me on today's call are Dave Holman, Chief Executive Officer, Christine Mastandrea, President and Chief Operating Officer, and Scott Hogan, Chief Financial Officer. Please note that some statements made during this call are not historical and may be deemed forward-looking statements. Actual results may differ materially from those forward-looking statements due to a number of risks, uncertainties, and other factors. Please refer to the company's earnings news release and filings with the SEC, including Whitestone's most recent Form 10Q and 10K for a detailed discussion of these factors. Acknowledging the fact that the call may be webcast for a period of time, it is also important to note that this call includes time-sensitive information that may be accurate only as of today's date, July 31st, 2025. The company undertakes no obligation to update this information. Whitestone's earnings news release and supplemental operating and financial data package have been filed with the SEC and are available on our website in the investor relations section. We published second quarter 2025 slides on our website yesterday afternoon, which highlight topics to be discussed today. I will now turn the call over to Dave Holman, our Chief Executive Officer. Thanks, David. Good morning and thanks again for joining our call. We delivered another solid quarter, increasing core FFO per share by .4% year over year, growing our occupancy 100 basis points sequentially from Q1, and increasing our average base rent per lease square foot year over year by .3% to 2528. We continue to see a very strong leasing environment in our hig...