Income Statement

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 2014 Y2015 Y2016 Y2017 Y2018 Q1 YTD
Source Document12/31/201612/31/201712/31/201712/31/20173/31/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Property revenues 
Rental revenues 56,29371,84380,06894,56824,946
Other revenues 16,08921,57324,36931,3918,650
Total property revenues 72,38293,416104,437125,95933,596
Property expenses 
Property operation and maintenance 15,40518,69819,70924,2135,708
Real estate taxes 9,74712,63714,38317,8974,657
Total property expenses 25,15231,33534,09242,11010,365
Other expenses (income) 
General and administrative 15,27420,31223,92223,9496,314
Depreciation and amortization 15,72519,76122,45727,2407,221
Interest expense 10,57914,91019,23923,6516,501
Interest, dividend and other investment income (90)(313)(429)(410)(99)
Total other expense 41,48854,67065,18974,43019,937
Income before gain (loss) on sale or disposal of properties or assets and income taxes 5,7427,4115,1569,4193,294
Provision for income taxes (282)(372)(289)(386)(129)
Gain on sale of properties 003,35716266
Loss on sale or disposal of assets (111)(185)(96)(183)(197)
Income from continuing operations 5,3496,8548,1288,866NA
Income from discontinued operations 
Income from discontinued operations 5101100NA
Gain on sale of property from discontinued operations 1,887NANANANA
Total Income from discontinued operations 2,3971100NA
Net income 7,7466,8658,1288,8663,234
Redeemable operating partnership units 16011618225484
Non-controlling interests in Consolidated Partnership 0015278122
Less - Net income attributable to noncontrolling interests 160116197532206
Net income attributable to Whitestone REIT 7,5866,7497,9318,3343,028
Basic Earnings Per Share 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 0.230.250.260.22NA
Income from discontinued operations attributable to Whitestone REIT 0.10.000.000.00NA
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares 0.330.250.260.220.08
Diluted Earnings Per Share 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 0.220.240.260.22NA
Income from discontinued operations attributable to Whitestone REIT 0.10.000.000.00NA
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares 0.320.240.260.220.07
Weighted average number of common shares outstanding 
Basic 22,27824,63127,61835,42839,066
Diluted 22,79325,68328,38336,25540,088
Distributions declared per common share / OP unit 1.141.141.141.140.29
Consolidated statements of comprehensive income 
Net income 7,7466,8658,1288,8663,234
Other comprehensive gain 
Unrealized gain on cash flow hedging activities (136)469292,0222,645
Unrealized gain on available-for-sale marketable securities 96(85)8211818
Comprehensive income 7,7066,8269,13911,0065,897
Less - Net income attributable to noncontrolling interests 160116197532206
Less - Comprehensive gain attributable to noncontrolling interests 0(1)236371
Comprehensive income attributable to Whitestone REIT 7,5466,7118,91910,4115,620


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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