Summary : HOUSTON (AP) _ Whitestone Reit (WSR) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Houston, said it had funds from operations of $12.6 million, or 25 cents per share, in the period. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $4.3 million, or 9 cents per share.
HOUSTON (AP) _ Whitestone Reit (WSR) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Houston, said it had funds from operations of $12.6 million, or 25 cents per share, in the period.Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $4.3 million, or 9 cents per share.
The real estate investment trust, based in Houston, posted revenue of $35 million in the period.
Whitestone expects full-year funds from operations to be 98 cents to $1.02 per share.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSR at https://www.zacks.com/ap/WSR
