secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001437749-23-004920
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/0001437749-23-004920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774923004920/wstr20221230_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-004920

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