secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001175535-22-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whitestone REIT Q1 2022: Revenue $34.1M, FFO $0.30/sh, Same-Store NOI +12.9%
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- Revenue $34.1M vs $29.0M YoY; net income $7.1M ($0.14 diluted) vs $1.4M ($0.03).
- FFO per diluted share $0.30 (incl. $0.04 one-time comp benefit) vs $0.20 YoY; EBITDAre $21.9M vs $15.3M.
- Same-Store NOI growth 12.9% (vs -4.3% Q1 2021); occupancy 91.0% (up from 88.7%); rental rate growth +10.1%.
- Quarterly dividend raised 11.6% to $0.12/share ($0.48 annualized); reaffirmed FY2022 FFO guidance $0.98-$1.02.
- Total debt $643.2M, $96.2M available on $250M revolver; undepreciated real estate $1.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000117553522000077/0001175535-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000117553522000077/wsr-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001175535-22-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer