Whitestone REIT (WSR) Misses Q4 EPS by 4c, Slight Beat on Revenues

Note: EPS may not be comparable

Whitestone REIT (NYSE: WSR) reported Q4 EPS of $0.05, $0.04 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $33.8 million versus the consensus estimate of $33.57 million.

Fourth Quarter 2017 Compared to Fourth Quarter 2016:

• 19.3% growth in revenues to $33.8 million
• Net income attributable to Whitestone REIT of $1.9 million and $0.05 per share compared to $0.5 million and $0.01 per share
• 19.0% increase in net operating income (“NOI”) to $22.3 million
• Same store NOI growth in wholly owned portfolio of 0.1%, 2.2% when adjusting for retenanting and non-recoverable property marketing expenses. Same store NOI growth including consolidated partnership properties of (0.2%), 1.7% when adjusting for retenanting and non-recoverable property marketing expenses
• 46.7% improvement in Funds from Operations (“FFO”) to $9.1 million and 10% on a per share basis to $0.22
• 14.3% increase in FFO Core to $12.2 million or $0.30 per share compared to $10.6 million or $0.34 per share

For earnings history and earnings-related data on Whitestone REIT (WSR) click here.

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