{"id":4457,"date":"2021-11-11T17:48:11","date_gmt":"2021-11-11T23:48:11","guid":{"rendered":"https:\/\/1reason.com\/re\/whitestone-reit-reports-third-quarter-2021-results\/4457\/"},"modified":"2021-11-12T11:48:11","modified_gmt":"2021-11-12T17:48:11","slug":"whitestone-reit-reports-third-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/whitestone-reit-reports-third-quarter-2021-results\/4457\/","title":{"rendered":"Whitestone REIT Reports Third Quarter 2021 Results"},"content":{"rendered":"
Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in the largest, fastest-growing, high-household-income markets in the Sunbelt. <\/p>\n

\u201cOur third quarter results mark another successive quarter of improving performance for Whitestone\u2019s operations, which were driven by our expansion in occupancy and strong leasing and the progress that we are making on our long-term targets of reducing debt and scaling G&A.<\/strong>Our strategic choice to be in business-friendly, high-growth markets continues to yield positive performance, evidenced by growth in NOI, ABR and leasing spreads. With the reactivation of our growth plan through our recent acquisition in Texas, we are actively vetting our pipeline of potential future acquisitions to strategically expand our portfolio with high-quality properties that meet our robust criteria.<\/strong>Bottom line, we are pleased to demonstrate continued improvement in our quarterly and long-term results, and we remain laser focused on continuing to strengthen these key performance pillars to continue building long-term value for all of our stakeholders.\u201d<\/strong><\/p>\n

\u2014Jim Mastandrea, Chairman and Chief Executive Officer<\/strong><\/p>\n

Financial Summary:<\/strong>
All per share amounts are on a diluted per common share and operating partnership (\u201cOP\u201d) unit basis unless stated otherwise.<\/em><\/p>\n