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Sep 30, 2021
Whitestone Q3 2021 Earnings Report
Whitestone's Q3 2021 results reflected improved performance driven by expansion in occupancy and strong leasing, as well as progress on reducing debt and scaling G&A.
Key Takeaways
Whitestone REIT reported a strong third quarter in 2021, with revenues of $32.4 million and net income attributable to common shareholders of $0.06 per share. FFO Core was $0.25 per share, and same-store NOI increased by 7% compared to the same period in 2020. The company continues to focus on long-term targets of reducing debt and scaling G&A.
Revenues reached $32.4 million versus $29.9 million in the same period of 2020.
Net income attributable to common shareholders per share was $0.06 versus $0.02 in third quarter 2020.
FFO Core per share was $0.25 compared to $0.23 in third quarter 2020.
Same-store NOI increased 7% from third quarter 2020.
Forward Guidance
The company did not provide specific forward guidance but expressed optimism about continued improvement in quarterly and long-term results, with a focus on strengthening key performance pillars to build long-term value.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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