Whitestone REIT (WSR)

Whitestone REIT Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	146.97	139.42	125.37	117.92	119.25
Revenue Growth (YoY)	5.41%	11.21%	6.32%	-1.12%	-0.51%
Cost of Revenue	45.96	43.3	39.32	38.58	36.9
Gross Profit	101.01	96.13	86.04	79.34	82.35
Selling, General & Admin	20.65	18.07	22.63	21.3	21.66
Other Operating Expenses	24.48	14.95	26.94	28.67	25.51
Operating Expenses	45.14	33.02	49.57	49.97	47.17
Operating Income	55.87	63.11	36.48	29.37	35.18
Interest Expense / Income	32.87	27.19	24.56	25.77	26.29
Other Expense / Income	3.37	0.23	-0.52	-2.82	-15.19
Pretax Income	19.63	35.69	12.43	6.41	24.08
Income Tax	0.45	0.42	0.39	0.38	0.4
Net Income	19.18	35.27	12.05	6.03	23.68
Net Income Growth	-45.62%	192.75%	99.67%	-74.52%	10.51%
Shares Outstanding (Basic)	50	49	45	42	40
Shares Outstanding (Diluted)	51	50	46	43	41
Shares Change	1.73%	7.80%	7.78%	3.69%	2.09%
EPS (Basic)	0.39	0.72	0.26	0.14	0.59
EPS (Diluted)	0.38	0.71	0.26	0.14	0.57
EPS Growth	-46.48%	173.08%	85.71%	-75.44%	9.62%
Free Cash Flow	24.92	47.5	-44.19	35.41	-0.3
Free Cash Flow Per Share	0.50	0.96	-0.97	0.84	-0.01
Dividend Per Share	0.480	0.467	0.427	0.600	1.045
Dividend Growth	2.78%	9.37%	-28.83%	-42.58%	-8.33%
Gross Margin	68.73%	68.95%	68.63%	67.28%	69.05%
Operating Margin	38.01%	45.27%	29.10%	24.91%	29.50%
Profit Margin	13.05%	25.30%	9.61%	5.12%	19.86%
Free Cash Flow Margin	16.95%	34.07%	-35.25%	30.03%	-0.25%
Effective Tax Rate	2.29%	1.18%	3.10%	5.91%	1.66%
EBITDA	85.56	94.59	65.95	60.49	77.11
EBITDA Margin	58.21%	67.85%	52.60%	51.30%	64.66%
Depreciation & Amortization	33.06	31.71	28.95	28.3	26.74
EBIT	52.5	62.89	37	32.18	50.37
EBIT Margin	35.72%	45.10%	29.51%	27.29%	42.24%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).