Whitestone REIT (WSR) Tops Q1 EPS by 6c

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Whitestone REIT Reports First Quarter 2022 Results

May 3, 2022 4:05 PM EDT

HOUSTON, May 03, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (Whitestone or the Company) today announced its operating and financial results for the first quarter of 2022.   Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in the largest, fastest-growing, high-household-income markets in the Sunbelt.

We are excited to deliver strong first quarter operating and financial results, highlighted by Same Store NOI growth of 12.9%, significant reductions in our G&A expenses and continued balance sheet strengthening.   Our necessity-based community centers, located in high-growth... More