Whitestone REIT (WSR) Tops Q1 FFO by 2c

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Whitestone REIT Announces Operating Results for First Quarter 2015

May 5, 2015 4:01 PM EDT

HOUSTON, May 5, 2015 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company"), a fully integrated real estate company that owns, re-develops, repositions, leases, manages, and operates Community Centered PropertiesTM, announced its financial results for the first quarter of 2015.

Operating and Financial Highlights First Quarter 2015 Compared to 2014

Total revenues increased 22.4%. Property net operating income increased 23.3%. Funds From Operations Core per diluted share increased 9.7%. Rent rates (GAAP basis) on new and renewal leases increased 4.9% and 10.9%, respectively. Reiterates 2015 annual... More