Income Statement

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 2014 Y2015 Y2016 Y2017 Y2018 Q3 YTD
Source Document12/31/201612/31/201712/31/201712/31/20179/30/2018
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Property revenues 
Rental revenues 56,29371,84380,06894,56874,852
Other revenues 16,08921,57324,36931,39126,412
Total property revenues 72,38293,416104,437125,959101,264
Property expenses 
Property operation and maintenance 15,40518,69819,70924,21317,920
Real estate taxes 9,74712,63714,38317,89714,395
Total property expenses 25,15231,33534,09242,11032,315
Other expenses (income) 
General and administrative 15,27420,31223,92223,94917,897
Depreciation and amortization 15,72519,76122,45727,24022,100
Interest expense 10,57914,91019,23923,65120,306
Interest, dividend and other investment income (90)(313)(429)(410)(302)
Total other expense 41,48854,67065,18974,43060,001
Income before gain (loss) on sale or disposal of properties or assets and income taxes 5,7427,4115,1569,4198,948
Provision for income taxes (282)(372)(289)(386)(328)
Gain on sale of properties 003,357164,646
Profit sharing expense NANANANA(276)
Loss on sale or disposal of assets (111)(185)(96)(183)(286)
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 7,7466,8658,1288,86612,704
Redeemable operating partnership units 160116182254NA
Non-controlling interests in Consolidated Partnership 0015278NA
Less - Net income attributable to noncontrolling interests 160116197532326
Net income attributable to Whitestone REIT 7,5866,7497,9318,33412,378
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 0.330.250.260.220.31
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 0.320.240.260.220.3
Weighted average number of common shares outstanding 
Basic 22,27824,63127,61835,42839,200
Diluted 22,79325,68328,38336,25540,541
Distributions declared per common share / OP unit 1.141.141.141.140.86
Comprehensive income 
Net income 7,7466,8658,1288,86612,704
Other comprehensive gain 
Unrealized gain on cash flow hedging activities (136)469292,0224,163
Unrealized gain (loss) on available-for-sale marketable securities 96(85)8211818
Comprehensive income 7,7066,8269,13911,00616,885
Less - Net income attributable to noncontrolling interests 160116197532326
Less - Comprehensive gain attributable to noncontrolling interests 0(1)2363107
Comprehensive income attributable to Whitestone REIT 7,5466,7118,91910,41116,452


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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