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Dec 31, 2020
Whitestone Q4 2020 Earnings Report
Whitestone reported strong performance and operating trends throughout the pandemic, achieving near-or-top-of-the-industry’s quarterly cash rental collections, and leading the shopping center industry in foot traffic recovery at its properties.
Key Takeaways
Whitestone REIT announced its Q4 2020 results, with a net income of $0.07 per diluted share. The company has demonstrated resilience amidst the COVID-19 pandemic, with high rental collections and leading foot traffic recovery. The company's focus on stabilizing properties and strong rental collection results have enabled them to outperform.
Net income attributable to common shareholders of $0.07 per diluted share for the fourth quarter.
FFO of $0.23 per share for the fourth quarter.
FFO Core of $0.24 per share for the fourth quarter.
Same-store NOI decreased 4.2% for the quarter.
Whitestone
Whitestone
Forward Guidance
Whitestone REIT's management expressed confidence in the company's ability to continue producing stable cash flows and serving its stakeholders.