Whitestone Q3 2021 Earnings Report
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.
Whitestone
Whitestone
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.