Whitestone REIT

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $104.4m $126.0m $119.9m $119.3m $117.9m $125.4m $139.4m $147.0m $154.3m $160.9m
Revenues:
Cost of Revenue $65.3m $78.7m $37.4m $85.3m $88.2m $90.9m $87.2m $91.9m $96.4m $100.6m
Gross Profit (Calculated) (derived) $39.1m $47.2m $82.4m $33.9m $29.7m $34.5m $52.3m $55.1m $57.8m $60.3m
Operating Expenses $64.7m $25.0m $24.1m $24.3m
Additional Financial Items
Income (Loss) from Equity Method Investments $239k ($3.2m) ($28k) $0
Operating Lease, Lease Income $117.0m $115.1m $123.9m $138.2m $145.7m $151.3m $159.3m
Gains (Losses) on Sales of Investment Real Estate $3.4m $16k $4.6m $853k $5.6m $10.2m $36.0m $23.1m $37.9m
Income (Loss) from Continuing Operations, Per Basic Share $0 $0 $1 $1 $0 $0 $1 $0 $1 $1
Income (Loss) from Continuing Operations, Per Diluted Share $0 $0 $1 $1 $0 $0 $1 $0 $1 $1
Other Income $33.2m $2.2m $2.8m $1.5m $1.2m $1.3m $3.0m $1.6m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $8.1m $8.9m $30k $221k $173k $130k $191k $48k $41k $68k
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $8.1m $8.9m $30k $23.6m $6.2m $10.4m $35.8m $19.4m $37.4m $50.6m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $0 $30k $594k $0 $1.8m $0 $0 $41k $68k
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 $0 $30k $221k $173k $130k $191k $48k $41k $68k
Net Income (Loss) Attributable to Parent $7.9m $8.3m $21.4m $23.7m $6.0m $12.0m $35.3m $19.2m $36.9m $49.9m
Net Income (Loss) Available to Common Stockholders, Basic $8.1m $8.9m $22.0m $24.2m $6.2m $12.3m $35.3m $19.2m $36.9m $49.9m
Net Income (Loss) Attributable to Noncontrolling Interest $197k $550k $545k $117k $205k $530k $270k $480k $630k
Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable $182k $254k $30k $221k $173k $130k $191k $48k $41k $68k
Earnings Per Share, Basic $0.26 $0.22 $0.54 $0.59 $0.14 $0.26 $0.72 $0.39 $0.73 $0.98
Earnings Per Share, Diluted $0.26 $0.22 $0.52 $0.57 $0.14 $0.26 $0.71 $0.38 $0.72 $0.95
Common Stock, Dividends, Per Share, Declared $1.14 $1.14 $1.14 $0.57 $0.14 $0.26 $0.71 $0.38 $0.73 $0.98
Weighted Average Number of Shares Outstanding, Basic 27.6m 35.4m 39.3m 40.2m 42.2m 45.5m 49.3m 49.5m 50.2m 51.0m
Weighted Average Number of Shares Outstanding, Diluted 28.4m 36.3m 40.6m 41.5m 43.0m 46.3m 50.0m 50.8m 51.3m 52.3m
General and Administrative Expense $23.9m $23.9m $23.3m $21.7m $21.3m $22.6m $18.1m $20.7m $23.2m $21.2m
Interest Expense (non-operating) $34.0m $33.7m
Business Combination, Acquisition Related Costs $2.1m $1.6m $0
Cost of Property Repairs and Maintenance $19.7m $24.2m $21.1m $20.6m $20.6m $22.6m $25.7m $27.9m $28.2m $31.8m
Interest Expense $19.2m $23.7m $25.2m $26.3m $25.8m $24.6m $27.2m $32.9m $34.0m $33.7m
Real Estate Tax Expense $14.4m $17.9m $16.4m $16.3m $18.0m $16.8m $17.6m $18.0m $17.8m $18.3m
Income Tax Expense (Benefit) $289k $386k $347k $400k $379k $385k $422k $450k $450k $482k