Whitestone REIT reports Q4 FFO 23c, consensus 19c

Reports Q4 revenue $34.92M, consensus $35.67M. "2022 was an outstanding year of achievement for Whitestone. We grew occupancy by 240 basis points to a record 93.7%. Same store NOI was up 7.9%. We grew FFO/share by nearly 20% and reduced our debt/EBITDAre by 1.3x, down to 7.8x. We amended and extended our credit facility and subsequently received an investment grade credit rating. Our tenants and our centers continue to thrive, and we are eager to build on this momentum in 2023. We remain focused on maximizing shareholder value through disciplined organic growth, prudent capital allocation, balance sheet strengthening and judicious expense management."