Whitestone REIT WSR Income Statement

Whitestone reit (WSR)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues
Rental
117,014	-	-	-	-	-	-	-	-	-	-
Rental
-	117,464	124,792	80,068	-	-	-	-	-	-	-
Management, transaction, and other fees
2,237	2,399	1,167	24,369	-	-	-	-	-	-	-
Other revenues
-	-	-	-	21,573	16,089	13,195	10,396	7,101	5,632	6,236
Total revenues
119,251	119,863	125,959	104,437	93,416	72,382	60,492	44,994	34,915	31,533	32,685
Operating expenses
Operating expenses
Depreciation and amortization
26,740	25,679	27,240	22,457	19,761	15,725	13,100	9,889	7,749	6,805	6,958
Operating and maintenance
20,611	21,069	24,213	19,709	18,698	15,405	14,079	10,627	8,659	8,358	8,519
Real estate taxes
16,293	16,362	17,897	14,383	12,637	9,747	8,599	6,215	4,668	3,925	4,472
General and administrative
21,661	23,281	23,949	23,922	20,312	15,274	10,912	7,616	6,648	4,992	6,072
Total operating expenses
85,305	86,391	93,299	34,092	-	-	-	-	-	-	-
Total property expenses
-	-	-	-	31,335	25,152	22,678	16,842	13,327	12,283	12,991
Other expenses (income)
Executive relocation expense
-	-	-	-	-	-	-	2,177	0	0	-
Involuntary conversion
-	-	-	-	-	-	-	-	-	558	1,542
Interest expense
26,285	25,177	23,651	19,239	14,910	10,579	9,975	8,553	6,344	6,040	5,749
Gain on sale of properties
853	4,629	16	3,357	0	0	-	-	397	0	0
Loss on sale or disposal of assets
-215	-82	-183	-96	-185	-111	-49	-97	-146	-160	-196
Interest, dividend and other investment income
659	1,055	410	429	313	90	136	290	460	28	36
Total other expense
24,988	19,575	23,408	65,189	-	-	-	-	-	-	-
Total other expense
-	-	-	-	54,670	41,488	33,851	27,945	20,281	17,251	17,201
Income before equity investments in real estate partnerships and income tax
8,958	13,897	9,252	5,156	7,411	5,742	3,963	207	1,307	1,999	2,493
Net Income (Loss) from Real Estate Investment Partnership, Attributable to Parent
15,076	8,431	0	0	-	-	-	-	-	-	-
Provision for income tax
400	347	386	289	372	282	293	275	225	264	222
Profit sharing expense
0	0	278	15	-	-	-	-	-	-	-
Income from continuing operations
23,634	21,981	8,588	-	6,854	5,349	3,621	-165	936	1,575	2,075
Gain on sale of property from discontinued operations
594	0	0	-	-	-	-	-	-	-	-
Gain on sale of property from discontinued operations
-	-	-	-	-	1,887	0	0	-	-	-
Income from discontinued operations
594	0	0	-	11	2,397	298	218	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
24,228	21,981	8,588	8,113	6,865	7,746	3,919	53	1,333	1,575	2,075
Redeemable operating partnership units
-	-	-	-	116	160	-	-	-	-	-
Non-controlling interests in Consolidated Partnership
-	-	-	-	0	0	-	-	-	-	-
Less: Net income attributable to noncontrolling interests
545	550	254	182	116	160	125	3	210	470	733
Net income attributable to Whitestone REIT
23,683	21,431	8,334	7,931	6,749	7,586	3,794	50	1,123	1,105	1,342
Basic Earnings Per Share:
Income from continuing operations attributable to Whitestone REIT, excluding amounts attributable to unvested restricted shares (in dollars per share)
0.57	0.54	0.22	-	-	-	-	-	-	-	-
Income from discontinued operations attributable to Whitestone REIT (in dollars per share)
0.02	0.00	0.00	-	-	-	-	-	-	-	-
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share)
-	-	-	-	0.25	0.23	0.19	-0.01	-	-	-
Income from discontinued operations attributable to Whitestone REIT (in dollars per share)
-	-	-	-	0.00	0.10	0.02	0.01	-	-	-
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares
0.59	0.54	0.22	0.26	0.25	0.33	0.21	0.00	0.12	-	-
Diluted Earnings Per Share:
Income from continuing operations attributable to Whitestone REIT, excluding amounts attributable to unvested restricted shares (in dollars per share)
0.56	0.52	0.22	-	-	-	-	-	-	-	-
Income from discontinued operations attributable to Whitestone REIT (in dollars per share)
0.01	0.00	0.00	-	-	-	-	-	-	-	-
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share)
-	-	-	-	0.24	0.22	0.19	-0.01	-	-	-
Income from discontinued operations attributable to Whitestone REIT (in dollars per share)
-	-	-	-	0.00	0.10	0.01	0.01	-	-	-
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares
0.57	0.52	0.22	0.26	0.24	0.32	0.20	0.00	0.12	0.27	-
Weighted average number of common shares outstanding:
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
-	-	-	-	-	-	-	-	-	-	0.41
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares
-	-	-	-	-	-	-	-	-	-	0.40
Basic (in shares)
40,184	39,274	35,428	27,618	24,631	22,278	18,027	13,496	9,028	4,012	3,236
Diluted (in shares)
41,462	40,612	36,255	28,383	25,683	22,793	18,273	13,613	9,042	4,041	3,302
Distributions declared per common share / OP unit (in dollars per share)
-	-	-	1.14	1.14	1.14	1.14	1.14	1.14	0.85	-
Consolidated Statements of Comprehensive Income
Net income
24,228	21,981	8,588	8,113	6,865	7,746	3,919	53	1,333	1,575	2,075
Other comprehensive gain
Unrealized gain (loss) on cash flow hedging activities
-9,828	1,192	2,022	929	46	-136	173	1	0	0	-
Unrealized gain on available-for-sale marketable securities
0	18	118	82	-85	96	180	920	-1,329	0	0
Comprehensive income (loss)
14,400	23,191	10,728	9,124	6,826	7,706	4,272	974	4	1,575	2,075
Less: Net income attributable to noncontrolling interests
545	550	254	182	116	160	125	3	210	470	733
Less: Comprehensive gain (loss) attributable to noncontrolling interests
-221	30	63	23	-1	0	136	57	1	470	733
Comprehensive income (loss) attributable to Whitestone REIT
14,076	22,611	10,411	8,919	6,711	7,546	4,136	917	3	1,105	1,342
Rental Revenues
Rental revenues
86,750	-	-	-	-	-	-	-	-	-	-
Recoveries
31,748	-	-	-	-	-	-	-	-	-	-
Bad debt
1,484	-	-	-	-	-	-	-	-	-	-
Operating Lease, Lease Income
117,014	-	-	-	-	-	-	-	-	-	-
Rental revenues (under Topic 840)
Rental revenues
-	86,644	94,568	-	71,843	56,293	47,297	34,598	27,814	25,901	26,449
Recoveries
-	30,820	30,224	-	-	-	-	-	-	-	-
Operating Leases, Income Statement, Lease Revenue
-	117,464	124,792	-	-	-	-	-	-	-	-
Bad debt (prior to adoption of Topic 842)
-	1,391	2,340	-	-	-	-	-	-	-	-