Whitestone REIT (NYSE: WSR) reported Q4 EPS of $0.21, $0.13 better than the analyst estimate of $0.08. Revenue for the quarter came in at $29.9 million versus the consensus estimate of $34.54 million.

Jim Mastandrea, Chairman and Chief Executive Officer of Whitestone REIT commented, “2018 was a solid year for Whitestone, as we produced improvement in many key areas of the business. In addition to growing same store NOI by over 3% in 2018, we also increased occupancy and rental rates. While our 2018 FFO Core per share reflects a decrease year-over-year, we made progress upgrading the portfolio through selective dispositions, improved our leverage metrics, scaled G&A and enhanced our corporate governance which should result in long-term value creation for our shareholders.” Mr Mastandrea added, "Our, high-quality properties, differentiated and unique 'E-Commerce resistant' business model, together with a cycle-tested management team, contributed to our industry-leading Total Shareholder Returns for the last three years. We are energized by the opportunity ahead of us in 2019 as our communities are located within the fastest growing cities in the country, which supports our ongoing efforts to reach our long-term milestones. We continue to evolve our truly best-in-class company to extract additional value as we move ahead."

GUIDANCE:

Whitestone REIT sees FY2019 EPS of $0.21-$0.25, versus the consensus of $0.32.

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