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Sep 30, 2023
Whitestone Q3 2023 Earnings Report
Reported strong operational results with increased leasing spreads and revenue, and reiterated full-year guidance.
Key Takeaways
Whitestone REIT announced strong Q3 2023 results, featuring GAAP leasing spreads of 23.6% on new leases and 24.6% on renewal leases, a 4.9% increase in revenue, and an occupancy rate of 92.7%. The company reiterated its full-year guidance from the previous earnings call.
GAAP leasing spreads were 23.6% for new leases and 24.6% for renewal leases.
Revenue increased by 4.9% compared to Q3 2022.
Occupancy rate reached 92.7%.
Full-year guidance reiterated from the Q2 2023 earnings call.
Whitestone
Whitestone
Forward Guidance
The Company is reiterating the guidance last updated on August 1, 2023, when it updated its 2023 full-year guidance.