WSR · As filed with the SEC

Whitestone REIT cash flow statement, by quarter

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 (Unaudited) · USD thousands

USD thousands	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024
Cash flows from operating activities:
Net income	4,193	23,125^†	18,565^†	5,118^†	3,748	17,560^†	7,723^†	2,626^†
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,974	9,757^†	8,331^†	8,517^†	9,324	8,652^†	8,921^†	8,521^†
Amortization of deferred loan costs	483	487^†	297^†	281^†	280	283^†	289^†	269^†
Gain on sale of properties	—	(15,783)^†	(13,967)^†	(207)^†	0	(11,913)^†	(3,762)^†	75^†
Loss on disposal of assets, net	215	142^†	(56)^†	53^†	100	364^†	111^†	72^†
Bad debt	490	98^†	55^†	405^†	319	197^†	345^†	86^†
Accretion of debt discount	58	—	—	—	—	—	—	—
Share-based compensation	1,123	2,032^†	1,326^†	980^†	981	1,774^†	1,181^†	763^†
Deficit in earnings of real estate partnership	—	0^†	0^†	0^†	0	0^†	0^†	0^†
Amortization of right-of-use assets - finance leases	26	7^†	26^†	26^†	34	22^†	22^†	21^†
Extinguishment of debt cost	—	1^†	—	—	—	0^†	—	—
Changes in operating assets and liabilities:
Escrows and deposits	3,556	(727)^†	(1,752)^†	(1,797)^†	3,112	271^†	(231)^†	(407)^†
Accrued rents and accounts receivable	(478)	(3,297)^†	(1,704)^†	1,019^†	(364)	(1,435)^†	(1,967)^†	50^†
Receivable due from related party	0	(2)^†	(1)^†	(1)^†	228	0^†	(21)^†	(10)^†
Unamortized lease commissions, legal fees and loan costs	(994)	(1,460)^†	(889)^†	(557)^†	(728)	(1,544)^†	(224)^†	(951)^†
Prepaid expenses and other assets	(529)	859^†	438^†	(544)^†	(1,766)	575^†	706^†	2^†
Accounts payable and accrued expenses	(14,892)	2,481^†	6,471^†	315^†	(12,038)	3,894^†	3,144^†	902^†
Payable due to related party	0	0^†	0^†	0^†	(42)	0^†	0^†	0^†
Tenants' security deposits	337	183^†	53^†	228^†	(107)	120^†	137^†	239^†
Net cash provided by operating activities	3,562	15,866^†	17,990^†	13,836^†	3,081	18,071^†	16,374^†	12,258^†
Cash flows from investing activities:
Acquisitions of real estate	(814)	(38,412)^†	(13,518)^†	(34,226)^†	0	(5,614)^†	(1)^†	(22,932)^†
Additions to real estate	(5,626)	(7,182)^†	(7,019)^†	(6,247)^†	(3,914)	(6,925)^†	(6,937)^†	(5,507)^†
Proceeds from sales of properties	—	17,869^†	20,126^†	4,239^†	0	5,560^†	20,783^†	0^†
Receipt of funds from real estate partnership for loan repayment	—	0^†	—	—	—	0^†	—	—
Net cash used in investing activities	(6,440)	5,629^†	23,370^†	(46,382)^†	(3,914)	3,167^†	13,845^†	(28,439)^†
Cash flows from financing activities:
Distributions paid to common shareholders	(7,288)	(6,858)^†	(6,858)^†	(6,845)^†	(6,845)	(6,247)^†	(6,194)^†	(6,162)^†
Distributions paid to OP unit holders	(90)	(87)^†	(87)^†	(87)^†	(87)	(81)^†	(80)^†	(80)^†
Proceeds from issuance of common shares, net of offering costs	—	0^†	—	—	—	0^†	—	—
Payments of exchange offer costs	—	0^†	—	—	—	0^†	—	—
Proceeds from credit facility	28,000	(14,300)^†	(115,209)^†	29,000^†	27,300	(4,000)^†	(6,000)^†	(34,000)^†
Proceeds from notes payable	—	0^†	0^†	—	—	20,000^†	0^†	—
Repayments of notes payable	(17,143)	0^†	0^†	0^†	(17,572)	(18,066)^†	(26,173)^†	(908)^†
Payments of loan origination costs	—	272^†	(6,915)^†	—	—	0^†	0^†	—
Repurchase of common shares	(1,936)	0^†	(758)^†	0^†	(1,510)	0^†	0^†	(1,199)^†
Proceeds from borrowings under unsecured term loan	—	0^†	—	—	—	0^†	—	—
Repayment of borrowings under unsecured term loan	—	0^†	—	—	—	0^†	—	—
Payment of finance lease liability	(9)	(10)^†	(9)^†	(12)^†	(9)	(8)^†	(8)^†	(5)^†
Net cash provided by financing activities	1,534	(20,983)^†	(39,836)^†	22,056^†	1,277	(8,402)^†	(30,916)^†	13,197^†
Net increase (decrease) in cash, cash equivalents and restricted cash	(1,344)	512^†	1,524^†	(10,490)^†	444	12,836^†	(697)^†	(2,984)^†
Cash, cash equivalents and restricted cash at beginning of period	7,360	6,848	5,324	15,814	15,370	2,534	3,231	6,215
Cash, cash equivalents and restricted cash at end of period (1)	6,016	7,360	6,848	5,324	15,814	15,370	2,534	3,231
Supplemental disclosure of cash flow information:
Cash paid for interest	8,026	8,325^†	8,734^†	8,481^†	8,041	8,279^†	8,371^†	8,853^†
Cash paid for taxes	—	0^†	0^†	—	—	0^†	0^†	—
Non cash investing and financing activities:
Disposal of fully depreciated real estate	390	0^†	50^†	280^†	0	29^†	(16)^†	16^†
Financed insurance premiums	—	0^†	0^†	0^†	0	0^†	0^†	0^†
Value of shares issued under dividend reinvestment plan	—	—	—	—	—	(20)^†	14^†	19^†
Value of shares issued under dividend reinvestment plan	36	—	27^†	29^†	25	—	14^†	19^†
Conversion of OP Units to Common Stock	0	70^†	0^†	0^†	55	0^†	1^†	0^†
Change in fair value of cash flow hedge	—	—	—	—	—	—	(8,946)^†	643^†
Change in fair value of cash flow hedge	2,432	922^†	(831)^†	(1,955)^†	(3,526)	6,474^†	(8,946)^†	643^†
Recognition of finance lease liability	—	0^†	0^†	—	—	0^†	0^†	—
Accrued capital expenditures	—	—	—	—	—	623^†	(190)^†	(333)^†
Receivable from partnership redemption	—	0^†	0^†	0^†	0	0^†	0^†	0^†
Recognition of operating lease liability	—	(614)^†	0^†	—	—	0^†	0^†	—
Accrued capital expenditures	1,654	—	1,718^†	(991)^†	1,710	—	(190)^†	(333)^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

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