Whitestone REIT Q3 FFO $0.23, rev $37.1M, same-store NOI up 4.9%

Whitestone REIT

2023-Q3 EPS reported $0.35 revenue$109,445,000

Revenue $37.1M (+4.9% YoY); net income $2.5M ($0.05 diluted EPS) vs $3.9M ($0.08) prior year.
FFO per diluted share $0.23 vs $0.24; EBITDAre $20.4M vs $19.4M (both YoY).
Same-store NOI grew 4.9% to $23.2M; GAAP leasing spreads 24.4% (new 23.6%, renewals 24.6%).
Occupancy 92.7%; 1,455 tenants; quarterly dividend $0.12 per share reaffirmed.
Reiterated FY 2023 FFO guidance $0.90-$0.94 per diluted share; net income guidance $21.5M-$23.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

Whitestone REIT reported the three and nine months ended September 30, 2023 results: revenue $37.1 million, net income $2.5 million, or $0.05 per diluted share, EPS $0.05 per diluted share. Guidance reaffirmed.

Period: the three and nine months ended September 30, 2023
Revenue: $37.1 million
Net income: $2.5 million, or $0.05 per diluted share
EPS: $0.05 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

( “ OP ” ) unit basis unless stated otherwise. Reconciliations of Net Income Attributable to Whitestone REIT to FFO, NOI and EBITDAre are included herein. • Revenues of $37.1 million versus $35.4 million for the third quarter of 2022. • Net Income attributable to common shareholders of $2.5 million, or $0.05 per diluted share, versus $3.9 million, or $0.08

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Source: SEC EDGAR

accession 0001437749-23-029526

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