---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021432"
form_type: "8-K"
ticker: "WSR"
cik: "0001175535"
company_name: "Whitestone REIT"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:04:10.290446+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Whitestone Q2 net income up to $0.22/sh; FFO guidance cut on litigation costs

## Summary
- Revenue $36.5M (+4.2% YoY); net income $11.3M ($0.22/sh) vs $4.3M ($0.09/sh) Q2 2022.
- FFO per share $0.21, down from $0.25 YoY; litigation expenses reduced FFO by $0.03.
- Same-store NOI growth 0.4%; occupancy rose to 93.3% from 91.5%.
- GAAP leasing spreads of 32.2% on new leases and 16.2% on renewals.
- FY 2023 FFO guidance lowered to $0.90-$0.94 from $0.95-$0.99; net income guidance raised to $21.5-$23.6M.

## SEC filing metadata
- accession: 0001437749-23-021432
- form_type: 8-K
- ticker: WSR
- cik: 0001175535
- company_name: Whitestone REIT
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175535/000143774923021432/0001437749-23-021432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175535/000143774923021432/wstr20230620_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021432
- JSON: https://secwatch.observer/filing/0001437749-23-021432.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021432.txt

## Key facts
- Earnings Releases
  Whitestone REIT reported the second quarter of 2023 results: revenue $36.5 million, net income $11.3 million, or $0.22 per diluted share, EPS $0.22 per diluted share. Guidance reaffirmed.
  - Period: the second quarter of 2023
  - Revenue: $36.5 million
  - Net income: $11.3 million, or $0.22 per diluted share
  - EPS: $0.22 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: ( “ OP ” ) unit basis unless stated otherwise. Reconciliations of Net Income Attributable to Whitestone REIT to FFO, NOI and EBITDAre are included herein. • Revenues of $36.5 million versus $35.0 million for the second quarter of 2022. • Net Income attributable to common shareholders of $11.3 million, or $0.22 per diluted share, versus $4.3 million, or $0.09
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774923021432/0001437749-23-021432-index.htm

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