HOUSTON (AP) — HOUSTON (AP) — Whitestone Reit (WSR) on Wednesday reported a key measure of profitability in its first quarter.
The real estate investment trust, based in Houston, said it had funds from operations of $11.8 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 $9.3 million, or 18 cents per share.
The real estate investment trust, based in Houston, posted revenue of $37.2 million in the period.
Whitestone expects full-year funds from operations in the range of 98 cents to $1.04 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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
