WSR · As filed with the SEC
Whitestone REIT cash flow 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 Cash Flows · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income from continuing operations | — | — | 19,450 | 35,800 |
| Net income from discontinued operations | — | — | 0 | 0 |
| Net income | 50,556 | 37,373 | 19,450 | 35,800 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | 35,929 | 34,894 | 32,966 | 31,707 |
| Amortization of deferred loan costs | 1,345 | 1,106 | 1,089 | 1,100 |
| Gain on sale of properties | (29,957) | (22,125) | (9,006) | (16,950) |
| Gain on partnership redemption | (2,075) | — | — | — |
| Loss on disposal of assets, net | 239 | 547 | 522 | 192 |
| Bad debt | 877 | 1,228 | 951 | 1,156 |
| Accretion of debt discount | 38 | — | — | — |
| Share-based compensation | 5,319 | 4,579 | 3,727 | 1,511 |
| Deficit in earnings of real estate partnership | 0 | 28 | 3,155 | (239) |
| Amortization of right-of-use assets - finance leases | 93 | 87 | 94 | — |
| Building improvements received due to lease termination | 0 | (749) | — | — |
| Extinguishment of debt cost | 798 | — | — | 0 |
| Changes in operating assets and liabilities: | ||||
| Escrows and deposits | (1,164) | 6,509 | 2,312 | (1,504) |
| Accrued rents and accounts receivable | (4,346) | (4,415) | (5,973) | (4,331) |
| Receivable due from related party | 224 | (40) | (136) | (530) |
| Distributions from real estate partnership | — | — | — | 0 |
| Unamortized lease commissions, legal fees and loan costs | (3,634) | (3,536) | (4,592) | (3,386) |
| Prepaid expenses and other assets | (1,013) | 2,280 | 2,484 | 1,749 |
| Accounts payable and accrued expenses | (2,771) | (220) | 355 | (2,766) |
| Payable due to related party | (42) | 0 | 16 | 564 |
| Tenants' security deposits | 357 | 681 | 186 | 358 |
| Net cash provided by operating activities | 50,773 | 58,227 | 47,600 | 44,431 |
| Cash flows from investing activities: | ||||
| Acquisitions of real estate | (86,156) | (55,751) | (25,474) | (16,992) |
| Acquisition of ground lease | — | 0 | 0 | (9,786) |
| Additions to real estate | (24,362) | (22,410) | (17,055) | (13,659) |
| Proceeds from sales of properties | 42,234 | 52,004 | 19,847 | 33,723 |
| Proceeds from note receivable | — | — | — | 0 |
| Proceeds from sale of property held in restricted cash (1031 exchange) | 0 | 10,146 | — | — |
| Escrowed loan repayment on behalf of real estate partnership | 0 | 0 | (13,633) | — |
| Net cash used in investing activities | — | — | (36,315) | (6,714) |
| Net cash provided by investing activities of discontinued operations | — | — | 0 | 0 |
| Receipt of funds from real estate partnership for loan repayment | 13,633 | — | — | — |
| Proceeds from partnership redemption | 33,354 | — | — | — |
| Net cash used in investing activities | (21,297) | (16,011) | — | — |
| Cash flows from financing activities: | ||||
| Distributions paid to common shareholders | (27,406) | (24,572) | (23,684) | (22,958) |
| Distributions paid to OP unit holders | (348) | (321) | (332) | (346) |
| Proceeds from issuance of common shares, net of offering costs | 0 | 7,620 | 0 | 0 |
| Payments of exchange offer costs | 0 | (81) | 0 | (335) |
| Net proceeds from (payment of) revolving credit facility | (73,209) | (21,000) | 42,500 | (16,000) |
| Proceeds from notes payable | 0 | 76,340 | — | 0 |
| Repayments of notes payable | (17,572) | (66,016) | (30,945) | (3,468) |
| Payments of loan origination costs | (6,643) | (789) | 0 | (3,632) |
| Repurchase of common shares | (2,268) | (2,641) | (525) | (537) |
| Proceeds from borrowings under unsecured term loan | 375,000 | — | — | — |
| Repayment of borrowings under unsecured term loan | (285,000) | — | — | — |
| Payment of finance lease liability | (40) | (26) | (14) | — |
| Net cash used in financing activities | (37,486) | (31,486) | (13,000) | (47,276) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (8,010) | 10,730 | (1,715) | (9,559) |
| Cash, cash equivalents and restricted cash at beginning of period | 15,370 | 4,640 | 6,355 | 15,914 |
| Cash, cash equivalents and restricted cash at end of period (1) | 7,360 | 15,370 | 4,640 | 6,355 |
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | 33,581 | 33,663 | 31,136 | 26,493 |
| Cash paid for taxes | 457 | 432 | 435 | 366 |
| Non cash investing and financing activities: | ||||
| Disposal of fully depreciated real estate | 330 | 58 | 976 | 454 |
| Financed insurance premiums | 0 | 2,638 | 3,002 | 1,846 |
| Value of shares issued under dividend reinvestment plan | 112 | 36 | 75 | 67 |
| Conversion of OP Units to Common Stock | 125 | 355 | 17 | 618 |
| Change in fair value of cash flow hedge | — | — | (3,452) | 12,925 |
| Reallocation of ownership percentage between parent and subsidiary | — | — | 0 | 0 |
| Property received as termination fee | — | — | — | 0 |
| Change in fair value of cash flow hedge | (5,390) | 3,178 | — | — |
| Recognition of finance lease liability | 0 | 86 | 0 | 735 |
| Accrued capital expenditures | 3,364 | 2,062 | — | — |
| Receivable from partnership redemption | 0 | 31,643 | — | — |
| Building improvements received due to lease termination | 0 | 749 | — | — |
| Recognition of operating lease liability | 606 | — | — | — |
| Receivable recognized for partnership interest redemption | 158 | — | — | — |
| Note payable assumed through property acquisition | 17,650 | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.