secwatch.observer — SEC 8-K summary
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Issuer:     Whitestone REIT (WSR)
CIK:        0001175535
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001437749-24-032635
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Whitestone REIT Q3 2024: Core FFO $0.25 vs $0.23, Same-Store NOI +4.6%, guidance raised
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- Net income attributable to common shareholders $7.6M ($0.15/diluted share) vs $2.5M ($0.05) prior year.
- Same-Store NOI growth 4.6% to $24.2M; occupancy improved to 94.1% from 92.7%.
- 2024 SS NOI guidance raised to 3.75%-4.75% from 2.5%-4.0%; Core FFO per share reaffirmed $0.98-$1.04.
- New $20M term loan at 5.2% due 2028 used to reduce floating-rate line; Debt/EBITDAre improved to 7.2x.
- GAAP leasing spreads 25.3% (10th consecutive quarter above 17%); quarterly dividend unchanged at $0.12375.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1175535/000143774924032635/0001437749-24-032635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1175535/000143774924032635/wstr20240815_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032635

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