Overview

* Whitestone REIT ( WSR ) Q3 revenue of $41.0 mln beats analyst expectations

* Net income per diluted share rises to $0.35 from $0.15 yr/yr

* Core FFO per share increases to $0.26 from $0.25 yr/yr

Outlook

* Company raises 2025 net income guidance to $30.9 mln - $33.0 mln

* Whitestone expects same store NOI growth of 3.5% - 4.5% for 2025

Result Drivers

* REVENUE GROWTH - Revenues increased to $41.0 mln from $38.6 mln in Q3 2024, driven by higher rental rates and improved occupancy

* CAPITAL RECYCLING - Growth in Texas and Arizona, paired with capital recycling, enhanced property values and shareholder value

* INCOME RISE - Net income per diluted share rose to $0.35 from $0.15 yr/yr, reflecting operational improvements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $41 mln $38.98

Revenue mln (4

Analysts

)

Q3 Core $0.26

FFO Per

Share

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 $14.75, about 18.4% above its October 29 closing price of $12.04

* The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release:

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(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.)