HOUSTON (AP) — HOUSTON (AP) — Whitestone Reit (WSR) on Wednesday reported a key measure of profitability in its fourth quarter.
The real estate investment trust, based in Houston, said it had funds from operations of $15.2 million, or 28 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 $22.8 million, or 43 cents per share.
The real estate investment trust, based in Houston, posted revenue of $43.9 million in the period.
For the year, the company reported funds from operations of $55.4 million. Revenue was reported as $160.9 million.
Whitestone expects full-year funds from operations in the range of $1.10 to $1.14 per share.
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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