Earnings Call Summary | Whitestone REIT(WSR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Whitestone REIT(WSR.US) Q1 2024 Earnings Conference
The following is a summary of the Whitestone REIT (WSR) Q1 2024 Earnings Call Transcript:
以下是懷特斯通房地產投資信託基金（WSR）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Whitestone REIT's Q1 revenue grew by 3.7%, with a same-store NOI growth of 3.1% and a core FFO per share of $0.24.
Their debt-to-EBITDAre ratio stands at 7.8 times, impacted negatively by professional fees from a proxy contest, but a sub 7 times ratio is forecasted for Q4.
Occupancy increased to 93.6% from the previous year, and net effective annual rent per sq. foot is up to $23.83, rising 7.2%.
The company signed new leases and renewals with a 17% increase over past leases on a straight-line basis and a 9.3% increase on a cash basis.
懷特斯通房地產投資信託基金第一季度收入增長了3.7％，同店淨資產淨值增長了3.1％，每股核心FFO爲0.24美元。
受代理競賽專業費用的負面影響，他們的債務與息稅折舊攤銷前利潤的比率爲7.8倍，但預計第四季度的比率將低於7倍。
入住率比上年增加到93.6％，每平方英尺的淨有效年租金高達23.83美元，增長7.2％。
該公司簽署了新的租約和續約，按直線計算比過去的租約增長了17％，按現金計算增長了9.3％。
Business Progress:
業務進展：
Whitestone REIT successfully completed asset sales and acquisitions worth $84 million and $104 million respectively, at an aggregate cap rate of 7.1%.
The company plans further capital recycling and strategic acquisitions like Garden Oaks and Scottsdale Commons.
Whitestone aims to maintain an 11% FFO per share growth for 2024, with majority of debt secured till 2027.
The company is actively managing bad debt and re-merchandising weak tenant leases in strong market conditions.
They are improving the quality of revenue and tenancy type by re-tenanting properties with stronger businesses to match community needs.
The executed strategy aims to better serve the communities around its properties.
懷特斯通房地產投資信託基金成功完成了分別價值8400萬美元和1.04億美元的資產出售和收購，總市值率爲7.1％。
該公司計劃進一步進行資本回收和戰略收購，例如Garden Oaks和Scottsdale Commons。
懷特斯通的目標是在2024年保持11％的每股FFO增長，在2027年之前將大部分債務作爲擔保。
該公司正在積極管理壞賬，並在強勁的市場條件下重新銷售疲軟的租戶租約。
他們正在通過向實力更強的企業重新租賃房產來滿足社區需求，從而改善收入和租賃類型的質量。
所執行的戰略旨在更好地爲其物業周圍的社區提供服務。
More details: Whitestone REIT IR
更多詳情： 懷特斯通房地產投資信託基金投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。