earnings
confidence high
sentiment positive
materiality 0.75
Whitestone REIT Q4 2021 same-store NOI up 12.8%; guides 2022 FFO $0.98-$1.02
Whitestone REIT
2021-FY EPS reported
$0.26
revenue$125,365,000
- Q4 revenue $33.3M (+11.7% YoY); same-store NOI +12.8% to $21.6M.
- Full year 2021 FFO Core $0.99/share vs $0.93 in 2020; occupancy rose to 91.3% from 88.2%.
- Dividend raised 11.6% to $0.12/quarter ($0.48 annualized) from $0.1075.
- 2022 guidance: FFO $0.98-$1.02/share, same-store NOI growth 3%-5%, occupancy target 92%-93%.
- Total debt $643.6M; undepreciated real estate $1.2B; $86.8M available on $250M revolver.