Whitestone REIT WSR Cash Flow

Whitestone reit (WSR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,081	1,551	1,593	1,629	894	1,009	1,134	2,312	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	44	-33	-8	2,019	112	146	120	-	-	-	-	-	-	-	-	-	-	-	-
Net income
1,647	16,136	1,849	3,404	2,839	8,674	8,033	2,005	3,269	1,975	3,077	1,979	1,557	552	964	1,509	5,088	2,089	1,595	1,560	1,621	2,913	1,121	1,280	2,432	1,295	635	1,003	986	-1,441	172	462	860	650	675	-238	246
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
6,971	6,875	6,789	6,612	6,464	6,635	6,477	6,293	6,274	7,304	7,247	6,681	6,008	6,095	5,449	5,521	5,392	5,373	5,149	4,675	4,564	4,138	3,924	3,832	3,831	3,317	3,450	3,260	3,073	2,634	2,682	2,290	2,283	2,048	1,965	1,857	1,879
Amortization of deferred loan costs
282	281	280	297	237	190	299	301	302	330	329	314	310	352	418	469	315	310	301	301	300	263	231	203	202	223	269	281	273	362	430	373	261	191	196	119	110
Amortization of notes payable discount
-	-	-	-	-	-	-	-	-	61	149	149	149	150	96	73	72	73	73	75	74	75	76	77	76	76	88	150	149	231	86	0	0	-	-	-	-
Loss on sale of marketable securities
-	-	-	-	-	0	0	0	-20	-96	5	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	78	31	1	0	154	0	38
Loss on sale or disposal of assets and properties
-207	753	0	-113	-2	174	4,377	-73	69	-48	-40	-56	-23	361	26	-18	2,892	63	-148	5	-105	0	0	-27	-84	-1	0	-40	-8	8	-77	-16	-12	-129	398	0	-18
Bad debt
844	558	495	159	272	421	270	254	446	898	535	298	609	287	535	391	372	656	547	587	184	115	435	662	390	207	716	398	317	266	362	226	132	236	165	145	69
Share-based compensation
1,248	1,935	1,640	1,025	1,883	1,847	1,648	1,401	1,845	3,063	2,514	2,386	2,447	3,357	3,030	1,819	2,025	2,128	1,850	1,660	1,699	1,607	1,460	1,191	373	783	834	311	356	341	118	188	78	77	78	77	78
Equity in earnings of real estate partnership
192	13,596	524	464	492	6,669	502	586	674	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Escrows and acquisition deposits
-2,068	225	1,539	238	-1,825	509	1,187	958	-2,359	887	1,063	2,500	-880	-1,837	359	1,009	-1,853	1,131	673	1,478	-706	-23	1,697	228	96	-4,034	733	524	-2,143	1,132	1,200	1,149	-2,378	904	1,601	1,035	-3,021
Accrued rents and accounts receivable
886	1,236	794	-408	1,376	169	1,738	-1,129	1,115	2,123	1,950	19	1,338	828	788	637	1,377	2,023	1,816	1,229	538	1,481	830	397	960	936	1,687	189	777	1,030	812	513	551	980	415	9	535
Receivable due from related party
419	98	-271	-315	571	86	-464	-122	-110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions from real estate partnership
0	5,921	116	588	301	819	0	0	505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unamortized lease commissions and loan costs
423	1,622	588	389	-775	280	544	449	403	462	596	858	383	-652	993	751	382	711	597	337	273	417	552	267	290	177	476	254	263	269	74	320	280	290	303	269	133
Prepaid expenses and other assets
10,154	-2,675	1,412	3,181	2,245	-556	-113	-69	-437	-97	377	-4	-444	-671	-266	-268	-191	-53	-18	-178	-145	26	-286	-210	-135	-602	-90	-84	-162	1,136	-332	-121	-177	285	-86	-229	-266
Accounts payable and accrued expenses
3,737	403	4,741	4,543	-4,078	550	3,431	887	-7,297	2,778	4,208	4,328	-9,977	828	2,798	2,624	-5,161	3,218	4,436	887	-1,122	112	2,884	-498	-241	-849	2,597	-369	-2,621	2,554	2,117	1,063	-2,980	980	1,771	462	-2,220
Payable due to related party
144	234	-16	-115	146	-1,218	209	368	-980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tenants' security deposits
139	177	53	174	83	210	151	3	72	77	91	243	154	-937	488	144	180	211	404	221	46	460	221	87	132	225	12	197	127	184	453	116	45	276	111	30	19
Net cash provided by operating activities
5,213	17,772	11,361	12,550	6,065	10,797	12,785	10,874	5,101	13,255	14,199	13,061	883	12,655	11,878	10,439	5,676	10,175	11,391	7,084	7,519	5,763	7,447	6,033	5,948	8,503	6,447	4,347	3,933	686	4,665	2,842	2,414	2,128	2,176	1,368	2,780
Net cash provided by operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	44	-33	-8	10	190	217	33	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Payments to Acquire Real Estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	96,150	45,500	6,300	91,363	38,076	0	0	60,699	0	32,703	25,700	18,950	73,000	6,400	0	-	-	-	-
Additions to real estate
1,593	3,290	3,725	3,773	2,455	2,905	2,836	1,854	4,043	4,076	5,220	3,723	4,556	6,674	4,307	6,691	4,364	4,765	2,945	2,133	2,876	2,097	2,386	2,757	2,090	2,213	1,449	1,279	1,197	1,367	2,832	3,572	2,893	3,598	1,904	1,024	1,042
Proceeds from sales of properties
-	-	-	-	-	0	8,141	0	4,433	0	0	26	0	2,940	0	2,860	1,097	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of marketable securities
-	-	-	-	-	0	0	0	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	750	0	3,059	8,596	1,865
Proceeds from sales of marketable securities
-	-	-	-	-	-	-	-	-	-	306	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	1,583	1,312	2,614	0	6,343	1	908
Net cash provided by (used in) investing activities
-1,593	-32,433	-3,725	-3,773	-2,455	5,907	6,305	-1,854	420	-5,641	-5,089	-129,612	-4,556	-6,438	-64,923	-3,831	-3,267	-4,765	-99,095	-47,137	-9,176	-93,460	-40,462	-2,757	-2,090	-62,912	-1,449	-33,235	-26,897	-20,318	-74,249	-8,660	-1,029	-35,478	-22,433	-18,269	-1,999
Net cash used in investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	7,494	-40	-110	-33	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Distributions paid to common shareholders
11,928	11,580	11,430	11,316	11,301	11,302	11,294	11,203	11,145	10,978	10,948	10,093	8,453	8,305	8,109	7,786	7,711	7,666	7,664	6,601	6,526	6,484	6,457	6,367	6,231	5,790	4,865	4,832	4,807	4,781	3,859	3,362	3,322	3,193	3,115	2,121	1,616
Distributions paid to OP unit holders
258	262	264	265	264	265	286	295	309	309	309	310	313	314	138	138	139	143	122	111	113	114	126	152	158	163	165	169	194	221	224	258	301	430	514	515	515
Distributions paid to noncontrolling interest in Consolidated Partnership
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common shares, net of offering costs
2,241	12,698	4,830	3,716	0	-	-	-	-	10,793	0	102,285	5,334	3,328	16,086	10,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of exchange offer costs
32	115	0	-1	6	-2	0	128	0	-	-	-	-	-	-	-	-	-	-	-	-	69	61	-8	14	17	0	-11	34	230	-57	81	225	0	0	0	0
Net proceeds from credit facility
-	-	-	-	-	-	-	-	-	-	0	29,600	11,000	-5,000	61,000	-4,000	7,000	2,000	96,000	500	9,000	70,000	12,300	3,000	0	-7,600	15,000	32,000	26,400	24,044	33,956	0	0	-	-	-	-
Proceeds from bonds payable
0	0	0	0	100,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-13,156	6,200	6,956	0	0	0	2,905
Net proceeds from (payments to) credit facility
30,000	23,500	0	0	-90,200	0	0	0	9,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of notes payable
777	593	651	649	6,202	571	698	696	578	8,755	962	957	869	783	11,967	846	739	706	805	724	612	1,570	622	621	493	52,893	42,092	14,827	1,017	1,259	1,034	1,106	713	772	816	809	731
Payments of loan origination costs
0	-1,118	0	107	3,981	0	30	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	869	524	318	1,085	142	359	0	1,187	236	15	278	81
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	93	-89	-35	-86	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common shares
1,630	0	0	14	762	262	640	593	466	2,352	0	1,396	591	1,044	982	1,051	871	339	246	772	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
17,616	24,766	-7,515	-8,634	-12,716	-12,398	-12,948	-12,915	-3,498	-6,601	-12,219	118,434	6,108	-12,136	55,904	-3,128	-2,549	-8,491	87,069	42,017	1,749	78,161	34,091	1,111	-6,896	50,931	-1,512	32,065	19,263	17,411	74,060	1,393	1,208	6,385	-4,859	56,343	-38
Net increase (decrease) in cash, cash equivalents and restricted cash
21,236	9,998	121	844	-9,106	4,306	6,142	-3,895	2,023	1,013	-3,109	1,883	2,435	-5,919	2,859	3,480	-140	-3,073	-591	1,931	84	-2,032	1,226	1,600	-3,049	-3,015	3,486	3,177	-3,701	-1,795	4,476	-4,425	2,593	-26,965	-25,116	39,442	743
Supplemental disclosure of cash flow information:
Cash paid for interest
6,461	6,184	6,561	6,347	6,268	6,429	6,826	5,549	5,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	5,970	5,405	4,936	-	4,531	4,567	4,602	3,644	3,417	3,277	3,132	2,710	2,405	2,310	2,137	2,229	2,353	2,451	2,146	1,887	1,875	1,704	1,671	-	-	-	-
Non cash investing and financing activities:
Disposal of fully depreciated real estate
24	31	8	106	89	33	0	904	0	41	763	162	70	146	291	66	187	0	9	7	41	-19	3,551	2,515	45	84	9	55	130	-523	0	512	11	-	-	-	-
Financed insurance premiums
1,431	0	0	0	1,238	0	0	0	1,273	0	0	0	1,115	0	0	0	1,060	0	0	0	1,057	0	0	0	888	0	0	0	883	0	76	749	31	-	-	-	-
Value of shares issued under dividend reinvestment plan
42	33	35	35	34	32	35	33	33	32	32	30	33	31	30	26	27	24	24	24	23	23	21	24	26	27	25	24	23	22	23	23	22	-	-	-	-
Accrued offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-7	20	-	57	-26	54	-	-	-	-
Value of common shares exchanged for OP units
44	149	27	5	5	1	793	748	4	0	0	126	80	0	27	0	98	90	3	17	64	32	582	767	103	104	76	274	782	1,048	0	1,307	4,917	-	-	-	-
Change in fair value of available-for-sale securities
-	-	-	-	-	0	0	0	18	92	-7	33	0	62	-11	36	-5	191	-8	-139	41	47	-56	22	83	4	-39	-88	303	29	92	33	766	-	-	-	-
Change in fair value of cash flow hedge
-10,952	1,912	-2,235	-6,035	-3,470	-2,971	605	913	2,645	1,898	172	-780	732	7,891	1,529	-2,450	-6,041	414	-184	43	-319	-184	345	-259	-38	11	-331	761	-268	10	-9	0	0	-	-	-	-
Acquisition of real estate in exchange for OP units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,860	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reallocation of ownership percentage between parent and subsidiary
-	-	-	-	-	-	-	-	-	-	1	-5	13	11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued distribution payable to General Partner's Interest in Consolidated Partnership
-	-	-	-	-	-	-	-	-	-	-	-	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash, cash equivalents and restricted cash
Net cash provided by financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-2,894	-11	-	-	-	-	-	-	-	-	-	-	-	-
Accrued distribution payable to General Partners' Interest in Consolidated Partnership
-	-	-	-	-	-	-	-	-	-	-	-	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-