HOUSTON (AP) — HOUSTON (AP) — Whitestone Reit (WSR) on Tuesday reported a key measure of profitability in its third quarter.
The Houston-based real estate investment trust said it had funds from operations of $11.7 million, or 23 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 $2.5 million, or 5 cents per share.
The real estate investment trust, based in Houston, posted revenue of $37.1 million in the period.
Whitestone expects full-year funds from operations to be 90 cents to 94 cents per share.
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