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January 28, 2013
18:46 EDTWSRWhitestone REIT reports Q4 occupancy and leasing highlights
Whitestone REIT reported occupancy and leasing highlights for the fourth quarter ended December 31, 2012. The physical occupancy of its Operating Portfolio1 which excludes new acquisitions, and properties which are undergoing significant redevelopment or re-tenanting, was 87% as of December 31, 2012, unchanged from the prior quarter and previous year. The company's total occupancy was 85% as of the end of the current quarter, a 1% increase over the year-ago quarter ended December 31, 2011. Whitestone's acquisition and leasing strategies are interdependent to its growth. The acquisition team closed $108M in new acquisitions in 2012, approximately 500,000 square feet with an average occupancy of 70%. The leasing team signed 78 leases totaling 192,376 square feet in new, expansion, and renewal leases during the fourth quarter, adding 41 new tenants to its roster of primarily small entrepreneurial retail service business tenants. Whitestone currently has about 1,065 total tenants, an increase of 17% since December 31, 2011, of which 70% lease space that is less than 3,000 sf, provide retail services as opposed to goods to the surrounding community, and are located in multi-cultural neighborhoods.
News For WSR From The Last 14 Days
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November 7, 2014
16:19 EDTWSRWhitestone REIT narrows FY14 core FFO to $1.16-$1.18 from $1.09-$1.18
FY14 consensus $1.16.
16:17 EDTWSRWhitestone REIT reports Q3 core FFO 30, consensus 27c
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