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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.
Forward Guidance
The Company is reiterating the guidance last updated on August 1, 2023, when it updated its 2023 full-year guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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