Whitestone REIT reports Q3 core FFO 26c, consensus 26c

Reports Q3 revenue $41.0M, consensus $39.21M. CEO Dave Holeman said, “Whitestone is solidly on track to deliver on its peer leading long-term Core FFO per share growth target of 5-7%. Operational excellence combined with the 2nd highest percentage of shop space within the peer group has enabled Whitestone to deliver compounded annual growth in excess of 5% for Core FFO per share since 2021. Today management is reiterating its intention to extend that track record. Whitestone has also moved its Green Street portfolio Trade Area Power score up by the greatest percentage versus its peer set over the past 3 years as growth within Texas and Arizona pairs with Whitestone’s capital recycling program to enhance our property values and value for our shareholders.”