secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001437749-24-014190
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774924014190/0001437749-24-014190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774924014190/wstr20240401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014190

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