Whitestone REIT (WSR)

Whitestone REIT Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	151.91	151.26	145.65	138.2	123.88	115.08
Property Management Fees	3.21	3.02	1.32	1.22	1.49	2.83
Other Revenue	0.01	-0.02	-3.05	0.35	0.7	1.01
Total Revenue	155.13	154.26	143.92	139.77	126.06	118.93
Revenue Growth (YoY	6.69%	7.18%	2.97%	10.87%	6.00%	-1.33%
Property Expenses	46.66	45.98	45.96	43.3	39.32	38.58
Selling, General & Administrative	22.45	23.19	20.65	18.07	22.63	21.3
Depreciation & Amortization	35.42	34.89	32.97	31.71	28.95	28.3
Total Operating Expenses	104.53	104.06	99.58	93.07	90.9	88.18
Operating Income	50.6	50.2	44.34	46.7	35.17	30.74
Interest Expense	-33.61	-34.04	-32.87	-27.19	-24.56	-25.77
Interest & Investment Income	0.18	0.09	0.05	0.07	0.12	0.28
EBT Excluding Unusual Items	17.17	16.25	11.52	19.57	10.72	5.25
Gain (Loss) on Sale of Investments	-0.01	-0.01	-0.11	-0.11	-0.09	-0.09
Gain (Loss) on Sale of Assets	14.95	21.58	8.48	16.76	0.18	-0.36
Other Unusual Items	-	-	-	-	-	1.73
Pretax Income	32.12	37.82	19.9	36.22	10.81	6.53
Income Tax Expense	0.46	0.45	0.45	0.42	0.39	0.38
Earnings From Continuing Operations	31.66	37.37	19.45	35.8	10.42	6.15
Earnings From Discontinued Operations	-	-	-	-	1.83	-
Net Income to Company	31.66	37.37	19.45	35.8	12.25	6.15
Minority Interest in Earnings	-0.4	-0.48	-0.27	-0.53	-0.21	-0.12
Net Income	31.25	36.89	19.18	35.27	12.05	6.03
Net Income to Common	31.25	36.89	19.18	35.27	12.05	6.03
Net Income Growth	26.67%	92.35%	-45.62%	192.75%	99.67%	-74.52%
Basic Shares Outstanding	50	50	50	49	45	42
Diluted Shares Outstanding	52	51	51	50	46	43
Shares Change (YoY)	1.02%	1.05%	1.73%	7.80%	7.78%	3.69%
EPS (Basic)	0.62	0.73	0.39	0.72	0.26	0.14
EPS (Diluted)	0.61	0.72	0.38	0.71	0.26	0.14
EPS Growth	26.93%	89.47%	-46.48%	173.54%	85.40%	-75.62%
Dividend Per Share	0.506	0.491	0.480	0.467	0.428	0.600
Dividend Growth	5.47%	2.34%	2.67%	9.14%	-28.61%	-47.37%
Operating Margin	32.62%	32.54%	30.81%	33.41%	27.90%	25.85%
Profit Margin	20.15%	23.92%	13.33%	25.24%	9.56%	5.07%
EBITDA	86.12	85.18	77.4	78.41	64.12	59.05
EBITDA Margin	55.52%	55.22%	53.78%	56.10%	50.86%	49.65%
D&A For Ebitda	35.52	34.98	33.06	31.71	28.95	28.3
EBIT	50.6	50.2	44.34	46.7	35.17	30.74
EBIT Margin	32.62%	32.54%	30.81%	33.41%	27.90%	25.85%
Funds From Operations (FFO)	52.05	50.72	45.39	52.19	40.71	36.38
FFO Per Share	1.00	0.98	0.88	-	-	-
Adjusted Funds From Operations (AFFO)	-	50.72	45.39	52.19	40.71	36.38
AFFO Per Share	-	0.98	0.88	-	-	-
FFO Payout Ratio	48.89%	48.45%	52.18%	43.99%	47.46%	69.29%
Effective Tax Rate	1.43%	1.19%	2.26%	1.17%	3.56%	5.80%
Revenue as Reported	155.12	154.28	146.97	139.42	125.37	117.92

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q