Whitestone REIT reports results for the quarter ended June 30 - Earnings Summary

• Whitestone REIT WSR reported quarterly adjusted earnings of 10 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 8 cents to 9 cents per share.

• Revenue rose 0.7% to $37.89 million from a year ago; analysts expected $38.55 million.

• Whitestone REIT's reported EPS for the quarter was 10 cents​.

• The company reported quarterly net income of $5.05 million.

• Whitestone REIT shares had risen by 1.6% this quarter and lost 10.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Whitestone REIT is $15.00, about 17.4% above its last closing price of $12.39

This summary was machine generated from LSEG data July 30 at 09:55 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)