---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014190"
form_type: "8-K"
ticker: "WSR"
cik: "0001175535"
company_name: "Whitestone REIT"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:11:07.188590+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Whitestone Q1 net income $9.3M; reaffirms Core FFO guidance; dividend up 3.13%

## Summary
- Revenue $37.2M (+3.6% YoY); net income $9.3M ($0.18/sh) vs $3.8M ($0.08/sh) in Q1 2023.
- Core FFO per diluted share $0.24 (flat YoY); same-store NOI grew 3.1% to $23.9M.
- Occupancy 93.6% (+90bp); GAAP leasing spreads 17% total, new leases 25.9%, renewals 15.0%.
- Reaffirmed 2024 Core FFO guidance $0.98-$1.04/sh; dividend raised 3.13% to $0.12375/qtr.
- Updated net income guidance includes $6.5M gain on sale and $1.6M expected proxy costs.

## SEC filing metadata
- accession: 0001437749-24-014190
- form_type: 8-K
- ticker: WSR
- cik: 0001175535
- company_name: Whitestone REIT
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1175535/000143774924014190/0001437749-24-014190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1175535/000143774924014190/wstr20240401_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014190
- JSON: https://secwatch.observer/filing/0001437749-24-014190.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014190.txt

## Key facts
- Earnings Releases
  Whitestone REIT reported the three months ended March 31, 2024 results: revenue $37.2 million, net income $9.3 million, or $0.18 per diluted share, EPS $0.18 per diluted share. Guidance reaffirmed.
  - Period: the three months ended March 31, 2024
  - Revenue: $37.2 million
  - Net income: $9.3 million, or $0.18 per diluted share
  - EPS: $0.18 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, Core FFO, NOI and EBITDAre are included herein. • Revenues of $37.2 million versus $35.9 million for the first quarter of 2023. • Net Income attributable to common shareholders of $9.3 million, or $0.18 per diluted share, versus $3.8 million, or $0.08
  evidence_url: https://www.sec.gov/Archives/edgar/data/1175535/000143774924014190/0001437749-24-014190-index.htm

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