Whitestone REIT Stock Income Statements

Whitestone REIT Quarterly Income Statements Chart

Quarterly

Annual

Net Income

Whitestone REIT Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-03-31	2003-12-31	2003-09-30	2003-06-30

revenues
rental	37,681,000	37,395,000	38,107,000	37,480,000	36,741,000	37,247,000	36,667,000	36,241,000	35,497,000	34,700,000	35,029,000	34,663,000	33,808,000	32,961,000	32,069,000	30,152,000	28,695,000	28,968,000	28,868,000	27,052,000	30,196,000	29,487,000	29,368,000	29,126,000	29,033,000
management, transaction, and other fees	211,000	608,000	526,000	167,000	423,000	277,000	467,000	219,000	354,000	218,000	354,000	334,000	315,000	297,000	375,000	466,000	350,000	866,000	1,032,000	545,000	388,000	613,000	511,000	452,000	661,000
total revenues	37,892,000	38,003,000	38,633,000	37,647,000	37,164,000	37,524,000	37,134,000	36,460,000	35,851,000	34,918,000	35,383,000	34,997,000	34,123,000	33,258,000	32,444,000	30,618,000	29,045,000	29,834,000	29,900,000	27,597,000	30,584,000	30,100,000	29,879,000	29,578,000	29,694,000																																						2,031,250	8,125,000	8,064,000	7,805,000	7,568,000	7,545,000	7,076,336	7,476,443	7,776,850	7,510,371	6,431,555	6,204,629	6,270,409	6,312,640	17,997,231	5,486,426	4,916,112	5,034,083	5,485,617
operating expenses
depreciation and amortization	8,517,000	9,324,000	8,921,000	8,521,000	8,800,000	8,428,000	8,332,000	8,360,000	7,846,000	8,046,000	7,889,000	7,862,000	7,910,000	7,492,000	7,340,000	7,105,000	7,013,000	7,191,000	7,171,000	6,970,000	6,971,000	6,875,000	6,789,000	6,612,000	6,464,000	3,579,000	7,483,000	7,396,000	7,221,000	7,304,000	7,247,000	6,681,000	6,008,000	6,095,000	5,449,000	5,521,000	5,392,000	5,373,000	5,149,000	4,675,000	4,564,000	3,911,000	3,998,000	3,908,000	3,908,000	3,646,000	3,450,000	3,260,000	3,073,000	1,910,000	3,112,000	2,663,000	2,544,000	1,524,500	2,162,000	1,961,000	1,989,000	1,759,000	1,734,000	5,248,000	1,710,000	1,708,000	405,750	1,623,000	1,492,000	1,622,000
operating and maintenance	7,175,000	7,012,000	7,303,000	7,015,000	6,349,000	8,101,000	6,862,000	6,899,000	6,086,000	6,435,000	7,317,000	6,211,000	5,725,000	6,488,000	5,789,000	5,444,000	4,839,000	5,542,000	5,029,000	4,395,000	5,597,000	5,851,000	5,118,000	5,214,000	4,428,000
real estate taxes	3,965,000	4,252,000	4,838,000	3,912,000	4,238,000	3,848,000	4,693,000	4,767,000	4,708,000	3,740,000	4,513,000	4,987,000	4,367,000	3,975,000	4,589,000	4,160,000	4,038,000	4,424,000	4,670,000	4,385,000	4,536,000	3,819,000	4,410,000	4,019,000	4,045,000	1,967,000	5,253,000	4,485,000	4,657,000	4,309,000	5,181,000	4,487,000	3,920,000	4,311,000	3,414,000	3,304,000	3,354,000	3,334,000	3,474,000	2,925,000	2,904,000	2,551,000	2,635,000	2,251,000	2,310,000	2,284,000	2,673,000	2,012,000	1,798,000	1,942,000	1,629,000	1,503,000	1,310,000	1,301,000	1,259,000	1,096,000	1,020,000	894,000	1,152,000	265,750	1,063,000	1,049,000	2,919,000	1,054,000	856,000	1,021,000	1,049,000	862,000	1,019,337	921,217	968,991	865,455	589,048	826,638	835,991	729,032	1,924,626	670,720	587,420	623,086	186,150
general and administrative	4,921,000	5,443,000	4,878,000	6,552,000	6,180,000	5,002,000	5,392,000	5,175,000	5,084,000	5,003,000	4,832,000	5,182,000	3,049,000	6,589,000	5,672,000	4,730,000	5,634,000	5,699,000	5,860,000	4,644,000	5,100,000	5,147,000	5,597,000	4,915,000	6,002,000	5,384,000	4,959,000	6,624,000	6,314,000	6,351,000	5,581,000	5,848,000	6,169,000	7,455,000	6,218,000	5,413,000	4,836,000	5,142,000	5,687,000	4,998,000	4,485,000	4,523,000	4,212,000	3,582,000	2,957,000	3,230,000	2,722,000	2,516,000	2,444,000	2,224,000	1,888,000	1,863,000	1,641,000	1,911,000	1,495,000	1,778,000	1,464,000	1,272,000	1,200,000	4,447,000	1,625,000	1,429,000	4,745,000	1,963,000	1,823,000	1,413,000	1,450,000	2,034,000	1,925,260	371,884	288,330	449,526	269,281	334,824	303,402	317,439	785,732	353,328	254,878	190,727	338,250
total operating expenses	24,578,000	26,031,000	25,940,000	26,000,000	25,567,000	25,379,000	25,279,000	25,201,000	23,724,000	23,224,000	24,551,000	24,242,000	21,051,000	24,544,000	23,390,000	21,439,000	21,524,000	22,856,000	22,730,000	20,394,000	22,204,000	21,692,000	21,914,000	20,760,000	20,939,000																																						1,707,500	6,830,000	6,805,000	6,414,000	6,188,000	6,608,000					5,848,479	5,310,457	4,930,540	4,790,959	12,968,009	4,101,619	3,526,025	3,586,726	3,518,456
other incomes
interest expense	8,291,000	8,097,000	8,506,000	8,788,000	8,519,000	8,303,000	8,400,000	8,260,000	7,903,000	8,082,000	6,816,000	6,234,000	6,061,000	6,147,000	6,142,000	6,143,000	6,132,000	6,209,000	6,400,000	6,468,000	6,693,000	6,547,000	6,679,000	6,526,000	6,533,000	4,871,000	6,951,000	6,854,000	6,501,000	6,493,000	6,376,000	5,629,000	5,153,000	5,018,000	4,669,000	4,748,000	4,804,000	4,246,000	3,740,000	3,516,000	3,408,000	2,996,000	2,762,000	2,449,000	2,372,000	2,486,000	2,602,000	2,613,000	2,449,000	3,471,000	1,815,000	1,734,000	1,712,000	1,451,000	1,430,000	1,445,000	1,402,000	1,402,000	1,407,000	4,243,000	1,470,000	1,428,000	7,259,000	-1,402,000	-1,395,000	-1,375,000	-1,357,000	-1,275,000	-9,235,206	1,228,724	1,402,913	1,307,569	1,117,730	970,109	911,737	770,060	2,095,585	568,550	346,054	308,501	331,304
(gain) loss on sale of properties	-207,000			75,000		-2,406,500	-5,000
loss on disposal of assets	53,000	100,000	111,000	72,000		22,000	480,000		6,000																																																	-8,000	-33,000	-184,000	-12,000	-41,000
interest, dividend and other investment income	-35,000	-100,000	-3,000	-4,000	-8,000	-2,000	-11,000	-18,000	-20,000	-22,000	-13,000	-16,000	-14,000	-13,000	-31,000	-23,000	-49,000	-72,000	-71,000	-73,000	-62,000	-109,000	-141,000	-164,000	-245,000	-753,000	-84,000	-119,000	-99,000	-29,000	-142,000	-101,000	-138,000	-90,000	-164,000	-78,000	-97,000	-69,000	-73,000	-162,000	-9,000	-19,000	-31,000	-19,000	-21,000	-22,000	-26,000	-69,000	-19,000	-16,000	-121,000	-83,000	-70,000	-81,000	-264,000	-55,000	-60,000
total other incomes	8,102,000	8,097,000	4,852,000	8,931,000	1,986,000	8,943,000	8,864,000	-1,365,000	7,889,000	-8,710,000	6,810,000	6,208,000	6,062,000	6,135,000	6,159,000																															6,253,750	8,748,000											4,428,000		1,198,500	4,794,000	4,554,000
income before equity investment in real estate partnership and income tax	5,212,000	3,875,000	7,841,000	2,716,000	9,611,000	3,202,000	2,991,000	12,624,000	4,238,000	20,404,000	4,022,000	4,547,000	7,010,000	2,579,000	2,895,000	3,283,000	1,439,000
deficit in earnings of real estate partnership					-28,000
benefit from income tax	-94,000	-127,000	-118,000	-90,000	-119,000	-111,000	-95,000	-125,000	-119,000	-109,000	-112,000	-100,000	-101,000	-111,000	-100,000	-87,000	-87,000	-91,000	-105,000	-96,000	-87,000	-76,000	-102,000	-104,000	-118,000
net income	5,118,000	3,748,000	7,723,000	2,626,000	9,464,000	1,563,000	2,521,000	11,465,000	3,901,000	20,230,000	3,975,000	4,406,000	7,189,000	2,648,000	2,946,000	5,218,000	1,441,000	3,171,000	914,000	419,000	1,647,000	16,136,000	1,849,000	3,404,000	2,839,000	9,277,000	7,837,000	1,755,000	3,234,000	2,025,000	3,140,000	2,144,000	1,557,000	567,000	964,000	1,509,000	5,088,000	2,089,000	1,595,000	1,560,000	1,621,000	2,913,000	1,121,000	1,280,000	2,432,000	1,295,000	635,000	1,003,000	986,000	-1,441,000	172,000	462,000	860,000	650,000	675,000	-238,000	246,000	255,000	335,000	2,003,000	72,000	-32,000	1,203,000	-69,000	-244,000	172,000	133,000	-138,000	-244,605	602,414	858,382	763,375	361,952	511,510	746,486	824,444	2,684,501	739,118	743,771	770,696	1,050,005
yoy	-45.92%	139.80%	206.35%	-77.10%	142.60%	-92.27%	-36.58%	160.21%	-45.74%	663.97%	34.93%	-15.56%	398.89%	-16.49%	222.32%	1145.35%	-12.51%	-80.35%	-50.57%	-87.69%	-41.99%	73.94%	-76.41%	93.96%	-12.21%	358.12%	149.59%	-18.14%	107.71%	257.14%	225.73%	42.08%	-69.40%	-72.86%	-39.56%	-3.27%	213.88%	-28.29%	42.28%	21.88%	-33.35%	124.94%	76.54%	27.62%	146.65%	-189.87%	269.19%	117.10%	14.65%	-321.69%	-74.52%	-294.12%	249.59%	154.90%	101.49%	-111.88%	241.67%	-896.88%	-72.15%	-3002.90%	-129.51%	-118.60%	804.51%	-50.00%	-0.25%	-71.45%	-84.51%	-118.08%	-167.58%	17.77%	14.99%	-7.41%	-86.52%	-30.79%	0.37%	6.97%	155.67%
qoq	36.55%	-51.47%	194.10%	-72.25%	505.50%	-38.00%	-78.01%	193.90%	-80.72%	408.93%	-9.78%	-38.71%	171.49%	-10.12%	-43.54%	262.11%	-54.56%	246.94%	118.14%	-74.56%	-89.79%	772.69%	-45.68%	19.90%	-69.40%	18.37%	346.55%	-45.73%	59.70%	-35.51%	46.46%	37.70%	174.60%	-41.18%	-36.12%	-70.34%	143.56%	30.97%	2.24%	-3.76%	-44.35%	159.86%	-12.42%	-47.37%	87.80%	103.94%	-36.69%	1.72%	-168.42%	-937.79%	-62.77%	-46.28%	32.31%	-3.70%	-383.61%	-196.75%	-3.53%	-23.88%	-83.28%	2681.94%	-325.00%	-102.66%	-1843.48%	-71.72%	-241.86%	29.32%	-196.38%	-43.58%	-140.60%	-29.82%	12.45%	110.91%	-29.24%	-31.48%	-9.46%	-69.29%	263.20%	-0.63%	-3.49%	-26.60%
net income margin %
less: net income attributable to noncontrolling interests	64,000	47,000	99,000	34,000	124,000	22,000	35,000	159,000	54,000	291,000	60,000	68,000	111,000	40,000	47,000	92,000	26,000	59,000	14,000	9,000	35,000	361,000	42,000	77,000	65,000	224,000	193,000	45,000	206,000	103,000	147,000	161,000	117,000	66,000	15,000	25,000	91,000	38,000	25,000	26,000	27,000	55,000	18,000	27,000	60,000	34,000	21,000	33,000	37,000	-96,000	9,000	31,000	67,000	88,000	97,000	-42,000	61,000	89,000	118,000	708,000	25,000	-11,000
net income attributable to whitestone reit	5,054,000	3,701,000	7,624,000	2,592,000	9,340,000	1,541,000	2,486,000	11,306,000	3,847,000	19,939,000	3,915,000	4,338,000	7,078,000	2,608,000	2,899,000	5,126,000	1,415,000	3,112,000	900,000	410,000	1,612,000	15,775,000	1,807,000	3,327,000	2,774,000	9,053,000	7,644,000	1,710,000	3,028,000	1,922,000	2,993,000	1,983,000	1,440,000	501,000	949,000	1,484,000	4,997,000	2,051,000	1,570,000	1,534,000	1,594,000	2,858,000	1,103,000	1,253,000	2,372,000	1,261,000	614,000	970,000	949,000	-1,345,000	163,000	431,000	793,000	562,000	578,000	-196,000	185,000	166,000	217,000	1,295,000	47,000	-21,000
gain on sale of properties			-3,762,000		-6,525,000			-9,621,000													-46,000	-816,000	-37,000			-17,000	4,380,000		266,000			16,000		467,000			2,890,000
equity (deficit) in earnings of real estate partnership						-1,528,000	-375,000	-1,034,000	-218,000			-41,000
(gain) loss on disposal of assets								14,000
(gain) loss on sale or disposal of assets										3,000	7,000	-10,000	15,000	1,000	48,000	-224,000	-1,000
equity in earnings of real estate partnership										-65,000	65,000		280,000	180,000	151,000	189,000	89,000	169,000	196,000	364,000	192,000	13,596,000	524,000	464,000	492,000
income from continuing operations										20,230,000	3,975,000	4,406,000		2,648,000	2,946,000	3,385,000		3,171,000	914,000	419,000		16,243,000	1,849,000	2,703,000										567,000	964,000	1,509,000	5,088,000	2,081,000	1,551,000	1,593,000	1,629,000													62,500	289,000	-254,000				2,003,000	72,000	-32,000
gain on sale of property from discontinued operations																1,833,000						-107,000		701,000																														99,250	397,000
income from discontinued operations																1,833,000						-107,000		701,000														8,000	44,000	-33,000	-8,000													9,000	-11,000	16,000
total other income																5,896,000	6,082,000	3,885,000	6,347,000	7,052,000	6,838,000	5,685,000	6,538,000	6,475,000	6,290,000	4,650,000	19,309,000	20,755,000	19,937,000	20,119,000	19,062,000	18,057,000	17,192,000	18,478,000	16,172,000	15,604,000	14,935,000	14,692,000	14,503,000	13,027,000	12,448,000	11,411,000	10,941,000	9,920,000	9,216,000			8,320,000	7,947,000	9,766,000	6,694,000	6,177,000	5,827,000	5,548,000	4,823,000	5,129,000	4,795,000		4,334,000
loss on sale or disposal of assets and assets held for sale																		220,500	18,000	657,000
income before equity investments in real estate partnerships and income tax																		629,000	823,000	151,000	1,542,000	2,723,000	1,427,000	2,343,000
loss on sale or disposal of assets																					253,000	63,000	37,000	113,000	2,000	204,000	-15,000	-74,000	-197,000			-72,000						63,000	-148,000		-105,000	-2,000		-24,000	-85,000	-8,000		-40,000	-8,000			-16,000	-12,000				-18,000						-8,000	-32,000
property expenses
income from operations before equity investments in real estate partnerships and income tax																									2,465,000
property revenues
rental revenues																										11,792,000	25,256,000	24,650,000	24,946,000	25,371,000	24,891,000	23,010,000	21,296,000	21,153,000	19,844,000	19,649,000	19,422,000	19,417,000	18,785,000	17,176,000	16,465,000	13,670,000	14,811,000	13,839,000	13,973,000	13,455,000	12,594,000	11,812,000	11,001,000	10,488,000	8,992,000	8,523,000	8,128,000	7,460,000	7,075,000	6,657,000	6,671,000	6,407,000	6,404,000	1,643,000	6,572,000	6,505,000
other revenues																										6,807,000	9,340,000	8,422,000	8,650,000	8,460,000	8,762,000	7,198,000	6,971,000	7,212,000	5,664,000	5,480,000	6,013,000	6,178,000	5,814,000	4,794,000	4,787,000	4,323,000	4,117,000	3,835,000	3,814,000	3,735,000	3,697,000	2,983,000	2,868,000	3,035,000	2,626,000	2,464,000	2,298,000	2,686,000	1,704,000	1,338,000	1,415,000	1,425,000	1,305,000
total property revenues																										18,599,000	34,596,000	33,072,000	33,596,000	33,831,000	33,653,000	30,208,000	28,267,000	28,365,000	25,508,000	25,129,000	25,435,000	25,595,000	24,599,000	21,970,000	21,252,000	17,993,000	18,928,000	17,674,000	17,787,000	17,190,000	16,291,000	14,795,000	13,869,000	13,523,000	11,618,000	10,987,000	10,426,000	10,146,000	8,779,000	7,995,000	8,086,000	7,832,000	7,709,000	2,050,750	8,203,000	8,044,000
property operation and maintenance																										3,149,000	6,374,000	5,838,000	5,708,000	7,240,000	6,104,000	5,375,000	5,494,000	5,328,000	4,904,000	4,683,000	4,794,000	5,453,000	4,823,000	4,339,000	4,083,000	3,446,000	4,157,000	4,142,000	3,660,000	4,185,000	4,145,000	3,348,000	3,065,000	3,175,000	2,969,000	2,759,000	2,352,000	2,421,000	2,355,000	1,966,000	1,954,000	2,145,000	1,801,000	551,250	2,205,000	2,378,000	7,030,000	2,190,000	2,634,000	2,358,000	1,127,000	1,279,000
total property expenses																										5,116,000	11,627,000	10,323,000	10,365,000	11,549,000	11,285,000	9,862,000	9,414,000	9,639,000	8,318,000	7,987,000	8,148,000	8,787,000	8,297,000	7,264,000	6,987,000	5,997,000	6,792,000	6,393,000	5,970,000	6,469,000	6,818,000	5,360,000	4,863,000	5,117,000	4,598,000	4,262,000	3,662,000	3,722,000	3,614,000	3,062,000	2,974,000	3,039,000	2,953,000	817,000	3,268,000	3,427,000
income before gain on sale or disposal of properties or assets and income taxes																										2,237,000	3,660,000	1,994,000	3,294,000	2,163,000	3,306,000	2,289,000	1,661,000
benefit from income taxes																										-19,000	-115,000	-84,000	-129,000	-90,000	-126,000	-89,000	-81,000	-42,000	-80,000	-11,000	-156,000	-98,000	-100,000	-91,000	-83,000	-67,000	-74,000	-57,000	-84,000	-78,000	-90,000	-72,000	-65,000	-74,000	-77,000	-70,000	-65,000	-61,000	-54,000	-58,000	-53,000	-102,000	-54,000	-165,000	-57,000	-54,000	-162,000	-57,000
profit sharing expense																										-69,000	-73,000	-81,000
basic earnings per share:
net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares																										0.23	0.19	0.04	0.08
diluted earnings per share:
weighted-average number of common shares outstanding:
basic																										39,274	39,327	39,204	39,066	35,428	37,992	35,716	29,416	27,618	28,195	26,819	26,604	24,631	26,476	22,869	22,577	22,278	22,482	22,235	21,823	18,027	17,036	16,891	16,819	13,496	13,842	11,746	11,624	9,028	10,797	8,520	5,479	9,845	9,721
diluted																										40,612	40,635	40,679	40,088	36,255	38,589	36,544	30,409	28,383	29,024	27,513	27,489	25,683	27,082	23,401	23,226	22,793	22,690	22,443	21,949	18,273	17,331	17,111	16,939	13,613	13,961	11,754	11,638	9,042	10,809	8,520	5,499	9,900	9,910
distributions declared per common share / op unit																										0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285	0.285
consolidated statements of comprehensive income
other comprehensive gain
unrealized gain on cash flow hedging activities																										-2,971	605	913	2,645	1,898	172		732	7,891	1,529	-2,450		506	-184	43		-184	345	-259		11	-331	761
unrealized gain on available-for-sale marketable securities																													18	92	-7	33		62	-11	36	-5	21	-8	-139	41	47	-56	22	83	4	-39	-88	303	29	92	33	766
comprehensive income																										6,306	8,442	2,668	5,897	4,015	3,305	1,397	2,289	8,520	2,482	-905	-958	2,616	1,403	1,464	1,343	2,776	1,410	1,043	2,477	1,310	265	1,676	1,021	-1,402	255	495	1,626	1,202	-997	-447
less: comprehensive gain attributable to noncontrolling interests																										-77	15	23	71	58	5
comprehensive income attributable to whitestone reit																										6,159	8,234	2,600	5,620	3,854	3,153	1,258	2,146	8,311	2,441	-889	-941	2,570	1,381	1,440	1,320	2,723	1,384	1,020	2,416	1,277	257	1,619	983	-1,301	241	465	1,499	987	-854	-369
redeemable operating partnership units																													84,000	53,000	84,000	60,000	53,000
non-controlling interests in consolidated partnership																													122,000	50,000	63,000	101,000	64,000
gain on sale or disposal of assets																														-33,750	-40,000		-23,000	2,500	26,000	-18,000	2,000			5,000										-26,250	-77,000			-4,250	1,000
net income attributable to common shareholders excluding amounts attributable to unvested restricted shares																														0.04	0.07	0.05	0.05	0.01	0.03	0.05	0.18	0.07	0.05	0.06	0.07	0.12	0.05	0.05	0.11	0.06	0.04	0.06	0.06	-0.11	0.01	0.04	0.07					0.02	0.02
unrealized loss on cash flow hedging activities																																-780					-6,041				-319				-38				-268	-2.25	-9
less: comprehensive loss attributable to noncontrolling interests																																-22
unrealized loss on available-for-sale marketable securities																																																						552	-1,672	-209
less: comprehensive income attributable to noncontrolling interests																																	26	12	41	-16	-17	46	22	24	23	53	26	23	61	33	8	57	38	-101	14	30	127
income from continuing operations before gain on sale or disposal of properties or assets and income taxes																																		248,000	1,018,000	1,538,000	2,352,000
income from continuing operations attributable to whitestone reit excluding amounts attributable to unvested restricted shares																																		0.01	0.03	0.05	0.18	0.07	0.05	0.06	0.07
income from discontinued operations attributable to whitestone reit																																			0	0	0		0	0	0													0.013	0.03	0.01
income from continuing operations before loss on sale or disposal of assets and income taxes																																						2,116,000	1,799,000		1,817,000
income from continuing operations before gain on sale or disposal of assets and income taxes																																								1,679,000
income before loss on sale or disposal of assets and income taxes																																										1,289,250	1,195,000	1,361,000	2,601,000	1,381,000	725,000	1,115,000	1,059,000
basic and diluted earnings per share:
income before gain on sale or disposal of assets and income taxes																																																		452,750	326,000
income before gain on sale of property																																																		-1,441,000	172,000
gain on sale of property
income before loss on disposal of assets and income taxes																																																				548,000	937,000
income from continuing operations before gain on disposal of
assets and income taxes																																																						107,750	342,000	-196,000
earnings per share - basic
income from continuing operations attributable to whitestone
reit excluding amount attributable to unvested restricted shares																																																						0.005	0.02	-0.03
net income attributable to common shareholders excluding
amounts attributable to unvested restricted shares																																																						0.018	0.05	-0.02
earnings per share - diluted
dividends declared per class a common share																																																						0.285	0.285
dividends declared per class b common share																																																						0.285	0.285
other comprehensive loss:
less: comprehensive income attributable to noncontrolling
interests																																																						-53.5	-143	-78
income from continuing operations before loss on disposal of
dividends declared per common share																																																								0.285	0.285	0.095	0.113
other comprehensive gain:
income from continuing operations before loss on disposal of assets
and income taxes																																																									317,000
net income attributable to common shareholders excluding amounts attributable
to unvested restricted shares																																																									0.03
involuntary conversion
interest income																																																										-5,000	-7,000	-2,750	-11,000	-11,000	-267,000	85,000	128,000	157,000	155,000	136,000
income from continuing operations before loss on disposal of assets and income taxes																																																										365,000	422,000			63,000
earnings per share – basic
earnings per share – diluted
tenants' reimbursements and other property revenues																																																												407,750	1,631,000
income from continuing operations before loss on
disposal of assets and income taxes																																																												35,250	141,000
gain on sale of properties from discontinued operations
tenants’ reimbursements and other property revenues																																																														1,539,000
rental income																																																															18,496,000	6,503,000	6,251,000	6,453,000	6,151,000	6,095,000	6,192,349	6,318,272	6,156,653	5,976,726	5,286,712	4,967,156	5,041,536	4,777,193	13,994,707	4,431,851	3,978,711	4,039,561	4,491,223
tenants' reimbursements																																																															376,750	1,507,000	1,017,750	1,338,000	1,377,000	1,355,000	930,704.25	1,122,530	1,219,958
other income																																																															28,750	115,000	26,000	14,000	40,000	95,000
operating income																																																															323,750	1,295,000	1,259,000	1,391,000	1,380,000	937,000
yoy																																																															-76.54%	38.21%
qoq																																																															-75.00%	2.86%	-9.49%	0.80%	47.28%
operating margin %
change in fair value of derivative instrument																																																																	-1,000	-45,000	36,000	-20,000
income before minority interests																																																															-27,750	-111,000	-390,000	276,000	214,000	-222,000	-464,157	973,590	1,402,923	1,262,710	583,076	894,172	1,339,869	1,521,681	5,029,222	1,384,807	1,390,087	1,447,357	1,967,161
minority interests in operating partnership																																																															10,500	42,000					219,552	-371,176	-544,541	-499,335	-221,124	-382,662	-593,383	-697,237
loss per common share - basic and diluted																																																															-1.75	-7
comprehensive loss:
unrealized loss on derivatives																																																															-92,500	-370,000
other comprehensive loss																																																															-92,500	-370,000
comprehensive loss																																																															-109,750	-439,000
weighted-average shares outstanding																																																																10,001,000	9,999,000	10,001,000	10,001,000	9,992,000	9,652,000	9,829,709	9,603,104	9,211,711	7,887,749	8,014,097	7,675,191	7,247,162	7,010,146	4,907,107	4,907,107	4,907,107	4,907,107
property management and asset
management fees to an affiliate																																																																					122,097	556,283	391,371		263,169.75	323,517	370,159	359,003
gain on sale of real estate																																																																	37,000	148,000
minority interests in income of operating partnership																																																																	-25,000	-104,000
net income per common share																																																																	4.25	17	13	-14	184.788	0.061	0.089	0.083	0.037	0.064	0.097	0.114	0.337	0.151	0.152	0.157	0.214
insurance																																																																			127,000	172,000	137,710	169,877	147,655	133,758	123,604	110,516	116,698	104,759	331,993	127,808	137,459	131,533	130,802
electricity, water and gas utilities																																																																			618,000	480,000	546,616	645,646	600,635	512,103	862,865	251,379	253,585	219,610	631,618	185,866	189,793	225,176	200,591
depreciation																																																																			1,250,000	1,364,000	1,454,450	1,271,854	1,181,080	1,357,616	1,187,060	1,109,772	1,048,260	1,028,878	3,039,127	947,009	943,368	926,681	938,865
amortization																																																																			368,000	248,000	241,798	233,988	207,928	201,220	635,209	353,868	398,100	337,728	949,975	287,311	291,257	252,193	248,862
bad debt expense																																																																			199,000	169,000	140,661	129,189	127,440	-9,290	-25,600	86,225	-98,425	167,985			-68,750		127,725
minority interests in (income) loss of operating partnership																																																																			-81,000	84,000
interest and other income																																																																					147,299	35,641	400,239	153,316	113,663	181,739	41,010	175,509	307,816	136,875	19,179	45,911	167,030
expenses
operation and maintenance																																																																					762,307.5	974,191	1,057,584	1,017,455	736,374	943,609	791,033	756,465	2,147,204	691,414	551,755	649,621	700,588
total expenses																																																																					4,862,626.75	6,502,853	6,373,927	6,247,661
tenants’ reimbursements																																																																								1,380,329	1,031,180	1,055,734	1,187,863	1,359,938	3,694,708	917,700	918,222	948,611	827,364
property management and asset management fees to an affiliate																																																																								412,249
management and partnership
management and partnership management fees to an affiliate																																																																													81,034.5	324,138	292,791	281,208	315,319

We provide you with 20 years income statements for Whitestone REIT stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Whitestone REIT stock. Explore the full financial landscape of Whitestone REIT stock with our expertly curated income statements.

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