secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001437749-23-021432
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774923021432/0001437749-23-021432-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774923021432/wstr20230620_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021432

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