Quarterly ResultMay 6, 2026, 05:32 PM
Whitestone REIT Q1 Net Income $4.14M; Revenue $41.39M; No Dividend Declared
AI Summary
Whitestone REIT reported a net income of $4.14 million for the first quarter of 2026, an increase from $3.70 million in the prior year, with total revenues rising to $41.39 million. However, the company did not declare any dividends for the quarter ended March 31, 2026. Net cash provided by operating activities also improved, and the company recorded a significant unrealized gain on cash flow hedging activities.
Key Highlights
- Net income attributable to Whitestone REIT increased to $4.14 million in Q1 2026 from $3.70 million in Q1 2025.
- Total revenues for Q1 2026 were $41.39 million, up from $38.00 million in Q1 2025.
- Basic and diluted EPS for Q1 2026 were $0.08, compared to $0.07 in Q1 2025.
- No dividends were declared for the three months ended March 31, 2026.
- Net cash provided by operating activities rose to $3.56 million in Q1 2026 from $3.08 million in Q1 2025.
- Total Whitestone REIT shareholders' equity increased to $463.82 million as of March 31, 2026.
- Unrealized gain on cash flow hedging activities was $2.43 million in Q1 2026, compared to a $3.53 million loss in Q1 2025.