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 $11.1 million, or 26 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 $15.8 million, or 37 cents per share.
The real estate investment trust posted revenue of $30.1 million in the period.
For the year, the company reported funds from operations of $44.9 million, or $1.06 per share. Revenue was reported as $119.3 million.
The company's shares have decreased 5.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.87, a decrease of 10% in the last 12 months.