Whitestone Reit ( (WSR) ) has released its Q3 earnings. Here is a breakdown of the information Whitestone Reit presented to its investors.
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Whitestone REIT is a real estate investment trust specializing in the acquisition, ownership, and management of open-air retail centers in rapidly growing markets like Phoenix, Austin, and Dallas-Fort Worth. The company focuses on community-centered properties that offer a mix of service-oriented tenants.
In its latest earnings report, Whitestone REIT announced a significant increase in net income for the third quarter of 2025, with net income per diluted share rising to $0.35 from $0.15 in the same period last year. The company also reported a rise in revenues and core funds from operations, reflecting strong operational performance.
Key financial highlights include a revenue increase to $41.0 million from $38.6 million in the previous year, and a net income attributable to common shareholders of $18.3 million, up from $7.6 million. Core FFO per diluted share rose slightly to $0.26, while EBITDAre increased to $22.5 million. The company also saw a 4.8% growth in same-store net operating income and an 8.2% rise in net effective annual base rental revenue per leased square foot.
Looking ahead, Whitestone REIT remains committed to its long-term growth targets, with management reiterating its goal of achieving a 5-7% growth in Core FFO per share. The company has updated its full-year guidance, reflecting confidence in continued performance improvements driven by strategic initiatives and market conditions.
Overall, Whitestone REIT’s financial results and strategic outlook suggest a positive trajectory, supported by its focus on high-growth markets and effective capital management strategies.