Whitestone reit (WSR)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Real estate assets, at cost
Property

1,101,118

1,099,955

1,062,283

1,058,387

1,054,889

1,052,238

1,049,315

1,052,771

1,051,984

1,149,454

1,144,558

1,140,299

924,280

920,310

918,562

844,807

838,220

835,538

831,425

730,165

682,571

673,655

585,741

548,515

548,221

537,872

483,379

481,939

436,331

409,669

389,280

304,517

295,184

292,360

241,488

213,889

204,954

Accumulated depreciation

144,316

137,933

131,508

125,257

119,288

113,300

107,165

103,696

98,788

131,034

124,268

118,442

112,418

107,258

103,721

99,004

93,942

89,580

84,743

80,138

75,782

71,587

70,962

70,602

69,509

63,112

62,737

59,569

56,600

53,920

51,362

48,999

47,481

45,472

43,761

42,185

39,556

Real estate assets held-for-sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,168

-

Total real estate assets

-

-

-

-

-

-

-

-

-

-

1,020,290

1,021,857

811,862

813,052

814,841

745,803

744,278

745,958

746,682

650,027

606,789

602,068

514,779

477,913

478,712

474,760

420,642

422,370

379,731

355,749

337,918

255,518

247,703

246,888

197,727

172,872

-

Total real estate assets

956,802

962,022

930,775

933,130

935,601

938,938

942,150

949,075

953,196

1,018,420

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197,727

171,704

165,398

Equity Method Investments

34,289

34,097

26,423

26,014

26,138

26,236

20,386

19,884

19,298

4,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

36,774

15,530

5,539

5,425

4,580

13,658

9,389

3,125

6,976

5,005

6,338

9,267

6,503

4,168

8,786

5,927

2,447

2,587

5,660

6,251

4,320

4,236

6,268

5,042

3,442

6,491

9,506

6,020

2,843

6,544

8,339

3,863

8,288

5,695

32,660

57,776

17,591

Restricted cash

105

113

106

99

100

128

91

213

257

205

105

127

156

56

103

117

210

121

86

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Securities, Available-for-sale

-

-

-

-

-

-

-

-

-

32

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

242

550

517

517

456

467

430

435

414

422

1,015

973

926

982

960

877

873

912

1,705

1,403

1,373

2,786

4,034

5,131

4,579

9,381

0

Escrows and acquisition deposits

6,320

8,388

8,163

6,623

6,386

8,211

7,702

6,515

5,557

7,916

9,116

7,408

5,740

6,620

6,183

5,824

7,675

6,668

5,537

4,864

3,386

4,092

4,116

2,419

2,191

2,094

6,129

5,396

4,529

6,672

5,539

3,767

2,618

4,996

4,092

2,491

4,385

Accounts Receivable, Net

22,896

22,854

22,232

22,179

22,746

21,642

21,894

20,464

21,809

21,140

22,212

20,482

20,680

19,951

16,970

16,717

16,471

15,466

14,099

12,830

12,188

11,834

10,735

10,316

10,523

9,768

9,169

8,850

9,059

7,947

7,177

6,727

6,472

6,053

5,309

4,998

4,726

Receivable due from related party

896

477

379

650

965

394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable due from related party

-

-

-

-

-

-

308

772

894

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financed receivable due from related party

-

-

5,661

5,661

5,661

5,661

14,473

15,473

15,473

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

652

-

-

-

0

-

-

-

Unamortized lease commissions, legal fees and loan costs

8,775

8,960

9,011

9,079

9,228

6,698

6,847

6,911

7,022

7,157

8,397

8,283

7,857

8,083

8,340

8,039

8,005

8,178

8,333

8,351

8,590

8,879

6,422

5,910

6,083

6,143

5,564

5,079

5,025

4,160

4,269

4,495

4,752

3,755

3,618

3,684

3,598

Prepaid expenses and other assets

4,469

3,819

3,471

4,328

7,250

7,306

10,597

10,217

9,441

6,198

3,448

3,431

3,519

2,762

2,808

3,129

3,445

2,672

2,817

2,858

3,067

2,215

2,226

2,543

2,781

2,085

2,749

2,864

2,939

2,244

1,271

1,481

875

975

705

840

747

Operating lease right of use assets (net) (related to adoption of Topic 842)

1,105

1,328

697

861

914

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,756

-

-

-

-

-

-

-

-

0

86

-

Total assets

1,071,326

1,056,260

1,011,760

1,013,188

1,018,655

1,028,872

1,033,837

1,032,649

1,039,923

1,070,168

1,070,148

1,071,405

856,834

855,209

858,487

786,023

782,961

782,085

783,628

685,603

639,355

634,297

545,472

505,125

504,692

507,974

454,632

451,491

405,831

385,371

365,886

278,637

274,742

273,493

248,690

252,128

196,445

LIABILITIES AND EQUITY
Liabilities:
Notes payable

675,409

644,699

621,737

622,333

622,918

618,205

618,685

619,354

619,986

659,068

662,675

663,480

555,399

544,020

549,671

500,553

505,337

497,955

498,468

403,287

403,524

394,093

304,090

264,123

264,649

261,372

266,260

266,401

216,935

190,608

167,816

140,051

134,208

127,890

102,234

103,050

100,941

Accounts payable and accrued expenses

43,073

39,336

38,933

34,194

29,650

33,729

33,178

29,504

28,622

35,536

35,041

30,206

18,044

28,692

31,920

30,182

25,019

24,051

21,828

15,940

15,051

15,882

15,113

12,405

12,546

12,500

13,505

10,489

11,453

13,824

11,099

7,034

6,049

9,017

7,800

5,825

7,292

Operating Lease, Liability

1,108

1,331

701

863

916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable due to related party

451

307

73

89

204

58

1,276

1,067

699

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenants' security deposits

6,756

6,617

6,440

6,387

6,213

6,130

5,920

5,769

5,766

5,694

6,746

6,600

6,279

6,125

6,066

5,578

5,434

5,254

5,043

4,639

4,418

4,372

4,037

3,807

3,717

3,472

3,360

3,348

3,151

3,024

2,846

2,393

2,277

2,232

1,956

1,824

1,796

Dividends and distributions payable

4,519

12,203

11,820

11,710

11,617

11,600

11,600

11,628

11,489

11,466

11,401

11,289

8,883

8,729

8,647

8,169

7,962

7,834

7,834

7,800

6,747

6,627

6,625

6,609

6,428

6,418

5,109

5,028

5,028

5,028

5,027

3,655

3,649

3,647

3,647

3,647

2,133

Other liabilities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,297

-

-

-

-

-

-

-

-

0

68

-

Total liabilities

730,208

703,162

679,003

674,713

670,602

669,722

670,659

667,322

666,562

711,764

715,863

711,575

588,605

587,566

596,304

544,482

543,752

535,094

533,173

431,666

429,740

420,974

329,865

286,944

287,340

287,059

288,234

285,266

236,567

212,484

186,788

153,133

146,183

142,786

115,637

114,414

112,162

Commitments and contingencies:

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

Equity:
Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common shares, $0.001 par value per share; 400,000,000 shares authorized; 42,135,048 and 41,492,117 issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

41

41

40

40

40

39

38

38

38

38

38

38

30

29

29

28

27

27

27

27

23

23

23

23

22

22

17

17

17

16

15

-

-

10

-

-

-

Additional paid-in capital

556,729

554,816

540,116

533,583

528,815

527,662

525,780

524,191

522,730

521,314

509,774

507,227

403,783

396,494

390,966

372,650

361,250

359,971

358,136

356,517

305,862

304,078

302,483

299,291

292,040

291,571

231,001

225,916

225,365

224,237

223,007

164,231

162,870

158,127

153,105

153,170

93,357

Accumulated deficit

206,886

204,049

207,824

198,056

189,938

181,361

178,493

175,004

165,581

176,684

167,397

159,413

148,828

141,695

133,779

126,300

119,765

116,895

111,263

105,140

99,006

93,938

90,289

84,911

79,598

75,721

69,879

65,555

61,697

57,830

51,686

-46,639

-43,692

41,060

-38,413

-35,799

-30,654

Accumulated other comprehensive loss

-16,212

-5,491

-7,356

-5,172

726

4,116

7,034

6,430

5,528

2,936

1,004

845

1,565

859

-6,951

-8,448

-6,067

-129

-646

-461

-363

-91

42

-242

-10

-54

-68

290

-360

-392

-427

-497

-413

-1,119

-1,545

-168

0

Total Whitestone REIT shareholders' equity

333,672

345,317

324,976

330,395

339,643

350,456

354,359

355,655

362,715

347,604

343,419

348,697

256,550

255,687

250,265

237,930

235,445

242,974

246,254

250,943

206,516

210,072

212,259

214,161

212,454

215,818

161,071

160,668

163,325

166,031

170,909

117,105

118,775

115,958

113,157

117,213

62,708

Noncontrolling interest in subsidiary

-

-

-

-

-

-

-

-

-

-

11,002

11,219

11,641

11,941

-

-

-

4,017

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest in Consolidated Partnership

-

-

-

-

-

-

-

-

-

-

-136

-86

38

15

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest in subsidiary

7,446

7,781

7,781

8,080

8,410

8,694

8,819

9,672

-

10,800

10,866

11,133

11,679

11,956

11,918

3,611

3,764

4,017

4,201

2,994

3,099

3,251

3,348

4,020

4,898

5,097

5,327

5,557

5,939

6,856

8,189

8,399

9,784

14,749

19,896

20,501

21,575

Total equity

341,118

353,098

332,757

338,475

348,053

359,150

363,178

365,327

373,361

358,404

354,285

359,830

268,229

267,643

262,183

241,541

239,209

246,991

250,455

253,937

209,615

213,323

215,607

218,181

217,352

220,915

166,398

166,225

169,264

172,887

179,098

125,504

128,559

130,707

133,053

137,714

84,283

Total liabilities and equity

1,071,326

1,056,260

1,011,760

1,013,188

1,018,655

1,028,872

1,033,837

1,032,649

1,039,923

1,070,168

1,070,148

1,071,405

856,834

855,209

858,487

786,023

782,961

782,085

783,628

685,603

639,355

634,297

545,472

505,125

504,692

507,974

454,632

451,491

405,831

385,371

365,886

278,637

274,742

273,493

248,690

252,128

196,445