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 | 33,672 | 34,035 | 32,866 | 27,193 |
| 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) | — | 0 | — |
| 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) |
| 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: | ||||
| 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: | ||||
| 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 | (877) | (1,228) | (951) | (1,156) |
| 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.