HOUSTON (AP) — HOUSTON (AP) — Whitestone Reit (WSR) on Wednesday reported a key measure of profitability in its third quarter.
The Houston-based real estate investment trust said it had funds from operations of $13.7 million, or 26 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 $18.3 million, or 35 cents per share.
The real estate investment trust, based in Houston, posted revenue of $41 million in the period.
Whitestone expects full-year funds from operations in the range of $1.03 to $1.07 per share.
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