earnings
confidence high
sentiment positive
materiality 0.75
Whitestone REIT Q2 FFO Core $0.26, revenue +11% YoY, same-store NOI up 8.4%
Whitestone REIT
2021-Q2 EPS reported
$0.15
revenue$59,663,000
- Net revenues $30.6M vs $27.6M in Q2 2020 (+11%); net income $0.12 diluted EPS vs $0.01.
- Same-store NOI increased 8.4% from Q2 2020; occupancy 89.9% vs 89.2% year ago.
- Acquired Lakeside Market in Plano, TX for $53.2M on July 8, 2021; 80.5% leased.
- Net Debt to EBITDAre-Adjusted improved to 8.2x from 9.4x prior quarter and 9.8x year ago.
- Quarterly dividend maintained at $0.1075 per share; total net debt reduced $47.6M YoY.