Whitestone REIT (WSR)

Whitestone REIT Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	162.77	159.28	151.26	145.65	138.2	123.88
Property Management Fees	1.58	1.58	3.02	1.32	1.22	1.49
Other Revenue	-0.12	-	-0.03	-3.16	0.35	0.7
Total Revenue	164.24	160.86	154.25	143.81	139.77	126.06
Revenue Growth (YoY	5.88%	4.28%	7.26%	2.90%	10.87%	6.00%
Property Expenses	51.36	50.14	45.98	45.96	43.3	39.32
Selling, General & Administrative	21.79	21.22	23.19	20.65	18.07	22.63
Depreciation & Amortization	36.58	35.93	34.89	32.97	31.71	28.95
Total Operating Expenses	109.72	107.28	104.06	99.58	93.07	90.9
Operating Income	54.52	53.58	50.19	44.23	46.7	35.17
Interest Expense	-33.96	-33.67	-34.04	-32.87	-27.19	-24.56
Interest & Investment Income	0.05	0.14	0.09	0.05	0.07	0.12
EBT Excluding Unusual Items	20.61	20.04	16.25	11.42	19.57	10.72
Gain (Loss) on Sale of Investments	2.08	2.08	-	-	-0.11	-0.09
Gain (Loss) on Sale of Assets	29.6	29.72	21.58	8.48	16.76	0.18
Other Unusual Items	-0.8	-0.8	-	-	-	-
Pretax Income	51.49	51.04	37.82	19.9	36.22	10.81
Income Tax Expense	0.49	0.48	0.45	0.45	0.42	0.39
Earnings From Continuing Operations	51	50.56	37.37	19.45	35.8	10.42
Earnings From Discontinued Operations	-	-	-	-	-	1.83
Net Income to Company	51	50.56	37.37	19.45	35.8	12.25
Minority Interest in Earnings	-0.63	-0.63	-0.48	-0.27	-0.53	-0.21
Net Income	50.37	49.93	36.89	19.18	35.27	12.05
Net Income to Common	50.37	49.93	36.89	19.18	35.27	12.05
Net Income Growth	61.15%	35.33%	92.35%	-45.62%	192.75%	99.67%
Basic Shares Outstanding	51	51	50	50	49	45
Diluted Shares Outstanding	53	52	51	51	50	46
Shares Change	1.81%	1.89%	1.05%	1.73%	7.80%	7.78%
EPS (Basic)	0.99	0.98	0.73	0.39	0.72	0.26
EPS (Diluted)	0.96	0.95	0.72	0.38	0.71	0.26
EPS Growth	57.23%	31.94%	89.47%	-46.48%	173.54%	85.40%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share	0.547	0.540	0.491	0.480	0.467	0.428
Dividend Growth	8.12%	9.89%	2.38%	2.67%	9.14%	-28.61%
Operating Margin	33.20%	33.31%	32.54%	30.76%	33.41%	27.90%
Profit Margin	30.67%	31.04%	23.92%	13.34%	25.24%	9.56%
EBITDA	91.18	89.6	85.17	77.29	78.41	64.12
EBITDA Margin	55.52%	55.70%	55.22%	53.74%	56.10%	50.86%
D&A For Ebitda	36.66	36.02	34.98	33.06	31.71	28.95
EBIT	54.52	53.58	50.19	44.23	46.7	35.17
EBIT Margin	33.20%	33.31%	32.54%	30.76%	33.41%	27.90%
Funds From Operations (FFO)	55.85	54.63	50.72	45.39	52.19	40.71
FFO Per Share	-	1.03	0.98	-	-	-
Adjusted Funds From Operations (AFFO)	-	54.63	50.72	45.39	52.19	40.71
AFFO Per Share	-	1.03	0.98	-	-	-
FFO Payout Ratio	49.86%	50.17%	48.45%	52.18%	43.99%	47.46%
Effective Tax Rate	0.95%	0.94%	1.19%	2.26%	1.17%	3.56%
Revenue as Reported	164.24	160.86	154.28	146.97	139.42	125.37

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Mar 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

Data Sources Report a data error