Income Statement

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 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/201512/31/201612/31/201612/31/2016
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Property revenues 
Rental revenues 47,29756,29371,84380,068
Other revenues 13,19516,08921,57324,369
Total property revenues 60,49272,38293,416104,437
Property expenses 
Property operation and maintenance 14,07915,40518,69819,709
Real estate taxes 8,5999,74712,63714,383
Total property expenses 22,67825,15231,33534,092
Other expenses (income) 
General and administrative 10,91215,27420,31223,922
Depreciation and amortization 13,10015,72519,76122,457
Interest expense 9,97510,57914,91019,239
Interest, dividend and other investment income (136)(90)(313)(429)
Total other expense 33,85141,48854,67065,189
Income from continuing operations before gain (loss) on sale or disposal of properties or assets and income taxes 3,9635,7427,4115,156
Provision for income taxes (293)(282)(372)(289)
Gain on sale of properties NA003,357
Loss on sale or disposal of assets (49)(111)(185)(96)
Income from continuing operations 3,6215,3496,8548,128
Income from discontinued operations 
Income from discontinued operations 298510110
Gain on sale of property from discontinued operations 01,88700
Income from discontinued operations after gain on sale of property 2982,397110
Net income 3,9197,7466,8658,128
Redeemable operating partnership units NA160116182
Non-controlling interests in Consolidated Partnership NA0015
Less - Net income attributable to noncontrolling interests 125160116197
Net income attributable to Whitestone REIT 3,7947,5866,7497,931
Basic Earnings Per Share 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 0.190.230.250.26
Income from discontinued operations attributable to Whitestone REIT 0.020.10.000.00
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares 0.210.330.250.26
Diluted Earnings Per Share 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 0.190.220.240.26
Income from discontinued operations attributable to Whitestone REIT 0.010.10.000.00
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares 0.20.320.240.26
Weighted average number of common shares outstanding 
Basic 18,02722,27824,63127,618
Diluted 18,27322,79325,68328,383
Distributions declared per common share / OP unit 1.141.141.141.14
Consolidated Statements of Comprehensive Income 
Net income 3,9197,7466,8658,128
Other comprehensive gain (loss) 
Unrealized gain (loss) on cash flow hedging activities 173(136)46929
Unrealized gain (loss) on available-for-sale marketable securities 18096(85)82
Comprehensive income 4,2727,7066,8269,139
Less - Net income attributable to noncontrolling interests NA160116197
Less - Comprehensive income (loss) attributable to noncontrolling interests 1360(1)23
Comprehensive income attributable to Whitestone REIT 4,1367,5466,7118,919


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

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