Whitestone REIT (WSR) Financial Statements (2024 and earlier)

Company Profile

Business Address 2600 SOUTH GESSNER
HOUSTON, TX 77063
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5726,16615,72125,77715,53013,658
Cash and cash equivalents4,5726,16615,72125,77715,53013,658
Deferred costs84101(248)(216)(179)(125)
Total current assets:4,6566,26715,47325,56115,35113,533
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization10,42810,522   
Operating lease, right-of-use asset109 222592 
Long-term investments and receivables 31,67134,82634,58833,97934,09726,236
Long-term investments 31,67134,82634,58833,97934,09726,236
Total noncurrent assets:42,20845,34834,81034,57134,09726,236
Other undisclosed assets1,066,3751,051,1521,051,807984,8701,006,812989,103
TOTAL ASSETS:1,113,2391,102,7671,102,0901,045,0021,056,2601,028,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities693,622678,313703,052706,676703,162669,722
Total liabilities:693,622678,313703,052706,676703,162669,722
Equity
Equity, attributable to parent, including:413,742418,448392,783332,083345,317350,456
Common stock504948424139
Additional paid in capital628,079624,785623,462562,250554,816527,662
Accumulated other comprehensive income (loss)2,5765,980(6,754)(14,400)(5,491)4,116
Accumulated deficit(216,963)(212,366)    
Other undisclosed equity, attributable to parent   (223,973)(215,809)(204,049)(181,361)
Equity, attributable to noncontrolling interest5,8756,0066,2556,2437,7818,694
Total equity:419,617424,454399,038338,326353,098359,150
TOTAL LIABILITIES AND EQUITY:1,113,2391,102,7671,102,0901,045,0021,056,2601,028,872

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues146,969139,421125,365117,915119,251119,863
Operating leases, income statement, lease revenue86,644
Operating lease, lease income145,652138,200123,877115,084 
Other income1,3171,2211,4882,8312,23733,219
Cost of revenue(45,964)(43,295)(90,897)(88,184)(85,305)(37,431)
Cost of goods and services sold(27,948)(25,688)(90,897)(88,184)(85,305)(37,431)
Gross profit:101,00596,12634,46829,73133,94682,432
Operating expenses(53,619)(49,773)(24,272)(24,122)(24,988)(64,651)
Operating income:47,38646,35310,1965,6098,95817,781
Nonoperating expense(24,331)(10,370)    
Interest and debt expense(32,866)(27,193)(24,564)(25,770)(26,285)(25,177)
Other undisclosed income from continuing operations before equity method investments, income taxes32,86627,193    
Income (loss) from continuing operations before equity method investments, income taxes:23,05535,983(14,368)(20,161)(17,327)(7,396)
Income (loss) from equity method investments(3,155)239    
Income (loss) from continuing operations before income taxes:19,90036,222(14,368)(20,161)(17,327)(7,396)
Income tax expense(450)(422)(385)(379)(400)(347)
Other undisclosed income from continuing operations   25,17326,69141,361 
Income (loss) from continuing operations:19,45035,80010,4206,15123,634(7,743)
Income (loss) before gain (loss) on sale of properties:12,2536,15124,228(7,743)
Income from discontinued operations   1,833 594 
Other undisclosed net income      29,724
Net income:19,45035,80012,2536,15124,22821,981
Net loss attributable to noncontrolling interest(270)(530)(205)(117)(545)(550)
Net income available to common stockholders, diluted:19,18035,27012,0486,03423,68321,431

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:19,45035,80012,2536,15124,22821,981
Other undisclosed comprehensive income (loss)(3,452)12,9257,803(9,062)(9,828)1,210
Comprehensive income (loss):15,99848,72520,056(2,911)14,40023,191
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(222)(721)(130)173221(30)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (205)(117)(545)(550)
Comprehensive income (loss), net of tax, attributable to parent:15,77648,00419,721(2,855)14,07622,611

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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