Income Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q1 YTD
Source Document12/31/201512/31/201612/31/201612/31/20163/31/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Property revenues 
Rental revenues 47,29756,29371,84380,06821,296
Other revenues 13,19516,08921,57324,3696,971
Total property revenues 60,49272,38293,416104,43728,267
Property expenses 
Property operation and maintenance 14,07915,40518,69819,7095,494
Real estate taxes 8,5999,74712,63714,3833,920
Total property expenses 22,67825,15231,33534,0929,414
Other expenses (income) 
General and administrative 10,91215,27420,31223,9226,169
Depreciation and amortization 13,10015,72519,76122,4576,008
Interest expense 9,97510,57914,91019,2395,153
Interest, dividend and other investment income (136)(90)(313)(429)(138)
Total other expense 33,85141,48854,67065,18917,192
Income before gain (loss) on sale or disposal of properties or assets and income taxes 3,9635,7427,4115,1561,661
Provision for income taxes (293)(282)(372)(289)(81)
Gain on sale of properties NA003,3570
Gain (loss) on sale or disposal of assets (49)(111)(185)(96)(23)
Income from continuing operations 3,6215,3496,8548,128NA
Income from discontinued operations 
Income from discontinued operations 298510110NA
Gain on sale of property from discontinued operations 01,88700NA
Income from discontinued operations after gain on sale of property 2982,397110NA
Net income 3,9197,7466,8658,1281,557
Redeemable operating partnership units NA16011618253
Non-controlling interests in Consolidated Partnership NA001564
Less - Net income attributable to noncontrolling interests 125160116197117
Net income attributable to Whitestone REIT 3,7947,5866,7497,9311,440
Basic Earnings Per Share 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 0.190.230.250.26NA
Income from discontinued operations attributable to Whitestone REIT 0.020.10.000.00NA
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares 0.210.330.250.260.05
Diluted Earnings Per Share 
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares 0.190.220.240.26NA
Income from discontinued operations attributable to Whitestone REIT 0.010.10.000.00NA
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares 0.20.320.240.260.04
Weighted average number of common shares outstanding 
Basic 18,02722,27824,63127,61829,416
Diluted 18,27322,79325,68328,38330,409
Distributions declared per common share / OP unit 1.141.141.141.140.29
Consolidated Statements of Comprehensive Income (Loss) 
Net income 3,9197,7466,8658,1281,557
Other comprehensive gain (loss) 
Unrealized gain (loss) on cash flow hedging activities 173(136)46929732
Unrealized loss on available-for-sale marketable securities 18096(85)820
Comprehensive income (loss) 4,2727,7066,8269,1392,289
Less - Net income attributable to noncontrolling interests NA160116197117
Less - Comprehensive income (loss) attributable to noncontrolling interests 1360(1)2326
Comprehensive income (loss) attributable to Whitestone REIT 4,1367,5466,7118,9192,146


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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