Whitestone REIT (WSR) Tops Q2 EPS by 3c
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Whitestone REIT Builds on Momentum by Announcing 21% Increase in FFO Core Per Share for the 2015 Second Quarter; Raises Guidance for the Year
August 5, 2015 4:01 PM EDTHOUSTON, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) ("Whitestone" or the "Company"), a fully integrated real estate company that owns, redevelops, repositions, leases, manages and operates value-add Community Centered PropertiesTM, today announced its financial results for the second quarter ended June 30, 2015.
Financial Results and Operating Highlights for Second Quarter 2015 Compared to Second Quarter 2014
Total revenues increased 27.3% to $22.0 million, resulting in the Company's 19th consecutive quarter of year-over-year revenue growth. Property net operating income ("NOI") increased 33.2% to $14.7 million, resulting in the Company's 19th consecutive quarter of... More