earnings
confidence high
sentiment positive
materiality 0.60
Whitestone REIT Q3 2021 net income $0.06/sh, FFO Core $0.25/sh, same-store NOI +7%
Whitestone REIT
2021-Q3 EPS reported
$0.21
revenue$92,107,000
- Net income attributable to common shareholders $2.9M ($0.06 diluted) vs $0.9M ($0.02) YoY.
- FFO Core $12.3M ($0.25 diluted), up from $10.1M ($0.23) in Q3 2020.
- Same-store NOI $20.7M, +7% vs Q3 2020; occupancy improved to 90.2% from 88.9%.
- GAAP leasing spreads +13.1%; annualized base rent per sq ft grew to $20.41 from $19.95.
- Net debt to EBITDAre-Adjusted improved to 8.1x from 9.4x a year ago.