Whitestone Q2 2020 Earnings Report
Key Takeaways
Whitestone REIT reported net income of $0.4 million, or $0.01 per diluted share, for the quarter ended June 30, 2020. FFO Core was $9.6 million or $0.22 per share. The company's properties continue to perform well, with 94% of total tenants open and operating and 81% of total Q2 2020 contractual rents collected.
Net Income attributable to common shareholders for the quarter ended June 30, 2020 was $0.4 million, or $0.01 per diluted share
Funds from Operations (“FFO”) was $8.4 million, or $0.19 per share
FFO Core was $9.6 million or $0.22 per share
Same-store Net Operating Income decreased 7.9% for the three month period
Whitestone
Whitestone
Forward Guidance
Whitestone plans to build on the progress demonstrated in the beginning of the year in their continuing efforts to position the Company to drive long term shareholder value.