HOUSTON (AP) — 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 million, or 21 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 $1.5 million, or 3 cents per share.

The real estate investment trust, based in Houston, posted revenue of $37.5 million in the period.

For the year, the company reported funds from operations of $45.4 million. Revenue was reported as $147 million.

Whitestone expects full-year funds from operations in the range of 98 cents to $1.04 per share.

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