Overview

* Whitestone REIT ( WSR ) Q2 revenue of $37.9 mln missed analyst expectations, per LSEG data

* Net income for Q2 rises to $5.1 mln from $2.6 mln yr/yr

* Core FFO per share increased 5.4% yr/yr, occupancy up to 93.9%

Outlook

* Whitestone reiterates 2025 Core FFO per share guidance at $1.03 - $1.07

* Company updates 2025 interest expense guidance to $33 mln - $34 mln

* Whitestone expects 2025 ending occupancy between 94.0% and 95.0%

Result Drivers

* LEASING ENVIRONMENT - Strong leasing environment in Sun Belt markets boosts occupancy and tenant mix

* RENTAL RATE GROWTH - Average base rent per leased square foot increased by 5.3% yr/yr

* OCCUPANCY IMPROVEMENT - Occupancy rose by 100bps from Q1-25 to 93.9%

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $37.90 $38.50

Revenue mln mln (5

Analysts

)

Q2 Net $5.10

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Whitestone REIT ( WSR ) is $15.00, about 15.5% above its July 29 closing price of $12.68

* The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)