Whitestone REIT reported revenues of $41.0 million for the third quarter of 2025, compared to $38.6 million in the same period of 2024. Net income attributable to common shareholders was $18.3 million, or $0.35 per diluted share, up from $7.6 million, or $0.15 per diluted share, in the third quarter of 2024. Core Funds from Operations (Core FFO) were $13.7 million, or $0.26 per diluted share, compared to $13.0 million, or $0.25 per diluted share, in the prior year period. Funds From Operations (FFO) totaled $12.9 million, or $0.24 per diluted share, versus $13.0 million, or $0.25 per diluted share, in the third quarter of 2024. EBITDAre was $22.5 million, compared to $21.6 million for the same period last year. For full year 2025, Whitestone REIT revised its net income attributable to the company guidance to $30.9 million to $33.0 million, up from the original range of $17.1 million to $19.2 million. Core FFO guidance remained at $54.2 million to $56.3 million. The company's net income per share guidance was increased to $0.59 to $0.63, from $0.33 to $0.37. Core FFO per diluted share and OP Unit guidance remained at $1.03 to $1.07. Same store net operating income growth guidance was updated to 3.5% to 4.5%, from 3.0% to 4.5%. Bad debt as a percentage of revenue was revised to 0.60% to 0.90%, from 0.75% to 1.00%. Whitestone REIT focuses on acquiring, owning, managing, developing, and redeveloping neighborhood center communities in high-growth, high-household-income markets in the Sun Belt.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Whitestone REIT published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564947-en) on October 29, 2025, and is solely responsible for the information contained therein.
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