WSR · As filed with the SEC

Whitestone REIT income statement, by fiscal year

The statement as Whitestone REIT presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

Consolidated Statements of Operations and Comprehensive Income (Loss) · USD thousands, except per-share amounts

USD thousands, except per-share amounts	FY2025 Year ended Dec 31, 2025	FY2024 Year ended Dec 31, 2024	FY2023 Year ended Dec 31, 2023	FY2022 Year ended Dec 31, 2022
Rental(1)	159,275	151,260	145,652	138,200
Management, transaction, and other fees	1,584	3,022	1,317	1,221
Total revenues	160,859	154,282	146,969	139,421
Depreciation and amortization	35,929	34,894	32,966	31,707
Operating and maintenance	31,825	28,205	27,948	25,688
Real estate taxes	18,310	17,773	18,016	17,607
General and administrative	21,218	23,189	20,653	18,066
Total operating expenses	107,282	104,061	99,583	93,068
Other expenses (income)
Interest expense	—	—	32,866	27,193
Interest expense	33,672	34,035	—	—
Extinguishment of debt cost	798	—	—	0
Gain on sale of properties	(29,957)	(22,125)	(9,006)	(16,950)
Loss on disposal of assets, net	239	547	522	192
Gain on partnership redemption	(2,075)	—	—	—
Interest, dividend and other investment income	(138)	(87)	(51)	(65)
Total other expenses	2,539	12,370	24,331	10,370
Income before equity investment in real estate partnership and income tax	51,038	37,851	23,055	35,983
Deficit in earnings of real estate partnership	0	(28)	(3,155)	239
Provision for income tax	(482)	(450)	(450)	(422)
Income from continuing operations	—	—	19,450	35,800
Gain on sale of property from discontinued operations	—	—	0	0
Income from discontinued operations	—	—	0	0
Net income	50,556	37,373	19,450	35,800
Less: Net income attributable to noncontrolling interests	630	480	270	530
Net income attributable to Whitestone REIT	49,926	36,893	19,180	35,270
Basic Earnings Per Share:
Income from continuing operations attributable to Whitestone REIT, excluding amounts attributable to unvested restricted shares (in dollars per share)	—	—	0.39	0.72
Income from discontinued operations attributable to Whitestone REIT (in dollars per share)	—	—	0.00	0.00
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)	0.98	0.73	0.39	0.72
Diluted Earnings Per Share:
Income from continuing operations attributable to Whitestone REIT, excluding amounts attributable to unvested restricted shares (in dollars per share)	—	—	0.38	0.71
Income from discontinued operations attributable to Whitestone REIT (in dollars per share)	—	—	0.00	0.00
Diluted Earnings Per Share: (in dollars per share)	0.95	0.72	0.38	0.71
Weighted average number of common shares outstanding:
Basic (in shares)	50,959,000	50,214,000	49,501,000	49,256,000
Diluted (in shares)	52,316,000	51,347,000	50,813,000	49,950,000
Consolidated Statements of Comprehensive Income (Loss)
Net income	50,556	37,373	19,450	35,800
Other comprehensive income (loss)
Unrealized gain (loss) on cash flow hedging activities	(5,390)	3,178	(3,452)	12,925
Comprehensive income	45,166	40,551	15,998	48,725
Less: Net income attributable to noncontrolling interests	630	480	270	530
Less: Comprehensive income (loss) attributable to noncontrolling interests	(68)	41	(48)	191
Comprehensive income attributable to Whitestone REIT	44,604	40,030	15,776	48,004
Rental revenues	113,428	108,930	105,494	101,113
Recoveries	46,724	43,558	41,109	38,243
Bad debt	—	—	—	(1,156)
Bad debt	(877)	(1,228)	(951)	—
Total rental	159,275	151,260	145,652	138,200

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.