Whitestone: Q2 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Whitestone Reit (WSR) on Tuesday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in Houston, said it had funds from operations of $10.6 million, or 21 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $11.3 million, or 22 cents per share.

The real estate investment trust, based in Houston, posted revenue of $36.5 million in the period.

Whitestone expects full-year funds from operations in the range of 90 cents to 94 cents per share.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSR at https://www.zacks.com/ap/WSR

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