Pillarstone Capital REIT swings to Q1 profit of $307,000; operating expenses fall 58% to $81,000

• Pillarstone Capital REIT posted net income of $373,000 for Q1 2024, swinging from a net loss of $725,000 a year earlier.
• Net income available to common shareholders was $307,000, turning from a loss of $254,000 in the prior-year quarter.
• Operating expenses fell 58% to $81,000, due to lower legal expenses for corporate matters and lower contract accounting services.
• Other income included a $859,000 gain on deconsolidation of Pillarstone OP and its subsidiaries; a $4 million receivable from Pillarstone OP was reported.
• Unrestricted cash was $153,000 at March 31, 2024; the company said it sold all real estate assets after the quarter under Chapter 11 plans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pillarstone Capital REIT published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-027471), on August 13, 2026, and is solely responsible for the information contained therein.