secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001437749-23-012115
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whitestone REIT Q1 FFO falls to $0.24 from $0.30; reaffirms 2023 guidance
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- Revenue of $35.9M vs $34.1M in Q1 2022; net income of $3.8M ($0.08/diluted) down from $7.1M.
- FFO per share $0.24 (Q1 2022: $0.30, which included $0.04 compensation benefit).
- Same-store NOI grew 2.8% to $23.7M; occupancy improved to 92.7% from 91.0%.
- FY 2023 guidance reaffirmed: FFO $0.95-$0.99/sh, net income $0.29-$0.33/sh.
- Dividend maintained at $0.12/quarter ($0.04 monthly); total debt $630.9M, revolver capacity $136.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774923012115/0001437749-23-012115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774923012115/wstr20230322b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-012115

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