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Mar 31, 2021
Whitestone Q1 2021 Earnings Report
Announced operating and financial results with an update on its business activities in light of the ongoing COVID-19 pandemic.
Key Takeaways
Whitestone REIT reported first quarter 2021 results, with a net income of $0.03 per diluted share and strong new tenant leasing volume of 116,993 SF, resulting in $19.9 million in total lease value. The company's performance demonstrated resilience, evidenced by strong leasing volumes and cash rental collections.
Net income attributable to common shareholders was $0.03 per diluted share.
Funds from Operations (FFO) was $0.20 per share.
FFO Core was $0.23 per share.
Same-store Net Operating Income (NOI) decreased 4.3% from the same period last year.
Whitestone
Whitestone
Forward Guidance
Whitestone expects to re-activate its strategic growth plan, reduce leverage, and scale G&A in its efforts to create long-term value for its shareholders.