Whitestone: Overview of Fourth Quarter Financial Results

Whitestone REIT Announces Fourth Quarter Financial Results

Houston-based Whitestone REIT revealed its fourth quarter financial performance on Wednesday, highlighting a key profitability metric.

The company reported funds from operations totaling $15.2 million for the quarter, which equates to 28 cents per share.

Funds from operations, a significant indicator in the real estate investment trust sector, is calculated by adjusting net income for depreciation and amortization.

Whitestone also disclosed net income of $22.8 million, or 43 cents per share, for the same period.

Total revenue for the quarter reached $43.9 million.

For the full year, Whitestone recorded funds from operations of $55.4 million and annual revenue of $160.9 million.

The company anticipates funds from operations for the upcoming year to fall between $1.10 and $1.14 per share.