Whitestone: Q1 Earnings Snapshot

HOUSTON (AP) _ Whitestone Reit (WSR) on Tuesday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Houston, said it had funds from operations of $10.3 million, or 23 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 $1.4 million, or 3 cents per share.

The real estate investment trust posted revenue of $29 million in the period.

The company's shares have risen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.92, a rise of 55% in the last 12 months.


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