Whitestone REIT (WSR) Reports In-Line Q1 EPS

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Go back to Whitestone REIT (WSR) Reports In-Line Q1 EPS

Whitestone REIT Reports Solid Start with Q1 2016 FFO Core of $0.34 per share; “e-commerce resistant” Business Model Generates Year-Over-Year Increases of 19.7% in Revenues, 21.2% in NOI and 18.5%

April 27, 2016 4:06 PM EDT

HOUSTON, April 27, 2016 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (Whitestone or the Company) today announced operating results for the first quarter ended March 31, 2016.  All per share amounts presented in this news release are on a diluted per common share and operating partnership (OP) unit basis unless stated otherwise.

Company Highlights

First Quarter 2016 Compared to First Quarter 2015:

19.7% growth in revenues21.2% increase in net operating income (NOI)213.9% increase in net income (including $2.9... More