---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004920"
form_type: "8-K"
ticker: "WSR"
cik: "0001175535"
company_name: "Whitestone REIT"
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T21:06:09.264401+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Whitestone REIT posts record occupancy 93.7%, Q4 FFO $0.23 vs $0.21; FY23 FFO guided $0.95-0.99

## Summary
- Q4 revenue $34.9M (+4.8% YoY); net income $19.9M ($0.40 diluted) vs $2.6M ($0.05).
- Full-year FFO per diluted share $1.03, up from $0.86 in 2021; same-store NOI grew 7.9%.
- Record leased occupancy 93.7% (+240bps YoY); total rental rate growth 23.5% GAAP.
- 2023 guidance: FFO $0.95-$0.99/sh; same-store NOI growth 2.5%-4.5%; occupancy 93.5%-94.5%.
- Quarterly dividend raised 11.6% to $0.12/sh; debt/EBITDAre improved to 7.8x.

## SEC filing metadata
- accession: 0001437749-23-004920
- form_type: 8-K
- ticker: WSR
- cik: 0001175535
- company_name: Whitestone REIT
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/0001437749-23-004920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/wstr20221230_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004920
- JSON: https://secwatch.observer/filing/0001437749-23-004920.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004920.txt

## Key facts
- Earnings Releases
  Whitestone REIT reported Fourth Quarter 2022 results: revenue $34.9 million, net income $19.9 million, EPS $0.40 per diluted share.
  - Period: Fourth Quarter 2022
  - Revenue: $34.9 million
  - Net income: $19.9 million
  - EPS: $0.40 per diluted share
  - Result: reported results
  source text: Revenues of $34.9 million versus $33.3 million for the fourth quarter of 2021. • Net Income attributable to common shareholders of $19.9 million, or $0.40 per diluted share, versus $2.6 million, or $0.05 per diluted share for the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/0001437749-23-004920-index.htm
- Earnings Releases
  Whitestone REIT reported Full Year 2022 results: revenue $139.4 million, net income $35.3 million, EPS $0.71 per diluted share.
  - Period: Full Year 2022
  - Revenue: $139.4 million
  - Net income: $35.3 million
  - EPS: $0.71 per diluted share
  - Result: reported results
  source text: Revenues of $139.4 million versus $125.4 million for 2021. • Net income attributable to common shareholders of $35.3 million, or $0.71 per diluted share, versus $12.0 million, or $0.26 per diluted share for 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/0001437749-23-004920-index.htm
- Earnings Releases
  Whitestone REIT reported 2023 Full Year results: net income $14,400 - $16,500, EPS $0.29 - $0.33 per diluted share. Guidance initiated.
  - Period: 2023 Full Year
  - Net income: $14,400 - $16,500
  - EPS: $0.29 - $0.33 per diluted share
  - Guidance: initiated
  - Result: guidance update
  source text: The Company currently estimates that U.S. generally accepted accounting principles ("GAAP") net income available to common shareholders will be within the range of $0.29 to $0.33 per diluted share, and FFO will be within the range of $0.95 to $0.99 per diluted share and OP Unit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/0001437749-23-004920-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.