Income Statement

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 2013 Y2014 Y2015 Y2016 Y2017 Q2 YTD
Source Document12/31/201512/31/201612/31/201612/31/20166/30/2017
Currency CodeUSDUSDUSDUSDUSD
(in thousands)     
      
Property revenues 
Rental revenues 47,29756,29371,84380,06844,306
Other revenues 13,19516,08921,57324,36914,169
Total property revenues 60,49272,38293,416104,43758,475
Property expenses 
Property operation and maintenance 14,07915,40518,69819,70910,869
Real estate taxes 8,5999,74712,63714,3838,407
Total property expenses 22,67825,15231,33534,09219,276
Other expenses (income) 
General and administrative 10,91215,27420,31223,92212,017
Depreciation and amortization 13,10015,72519,76122,45712,689
Interest expense 9,97510,57914,91019,23910,782
Interest, dividend and other investment income (136)(90)(313)(429)(239)
Total other expense 33,85141,48854,67065,18935,249
Income before gain (loss) on sale or disposal of properties or assets and income taxes 3,9635,7427,4115,1563,950
Provision for income taxes (293)(282)(372)(289)(170)
Gain on sale of properties NA003,35716
Loss on sale or disposal of assets (49)(111)(185)(96)(95)
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 3,9197,7466,8658,1283,701
Redeemable operating partnership units NA160116182114
Non-controlling interests in Consolidated Partnership NA0015165
Less - Net income attributable to noncontrolling interests 125160116197279
Net income attributable to Whitestone REIT 3,7947,5866,7497,9313,422
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 0.210.330.250.260.1
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 0.20.320.240.260.1
Weighted average number of common shares outstanding 
Basic 18,02722,27824,63127,61832,583
Diluted 18,27322,79325,68328,38333,493
Distributions declared per common share / OP unit 1.141.141.141.140.57
Consolidated Statements of Comprehensive Income (Loss) 
Net income 3,9197,7466,8658,1283,701
Other comprehensive gain (loss) 
Unrealized loss on cash flow hedging activities 173(136)46929(48)
Unrealized gain on available-for-sale marketable securities 18096(85)8233
Comprehensive income (loss) 4,2727,7066,8269,1393,686
Less - Net income attributable to noncontrolling interests NA160116197279
Less - Comprehensive loss attributable to noncontrolling interests 1360(1)23(1)
Comprehensive income (loss) attributable to Whitestone REIT 4,1367,5466,7118,9193,408


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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