Whitestone REIT (WSR) Financials

$18.96 -0.02 (-0.08%)

As of 03:41 PM Eastern

Annual Income Statements for Whitestone REIT

This table shows Whitestone REIT's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	6.75	7.93	8.33	21	24	6.03	12	35	19	37	50
Consolidated Net Income / (Loss)	6.87	7.93	8.59	22	24	6.15	12	36	19	37	51
Net Income / (Loss) Continuing Operations	6.85	8.11	8.59	22	24	6.15	10	36	19	37	51
Total Pre-Tax Income	7.41	5.16	9.25	14	8.96	5.61	10	36	23	38	51
Total Operating Income	22	24	8.84	38	35	30	34	46	47	50	54
Total Gross Profit	75	70	84	82	82	97	103	114	101	108	129
Total Revenue	93	104	126	120	119	124	125	141	148	156	162
Operating Revenue	93	104	126	120	121	124	125	141	148	156	162
Total Cost of Revenue	19	34	42	37	37	26	22	27	47	47	33
Operating Cost of Revenue	19	34	42	37	37	21	23	26	46	46	32
Other Cost of Revenue	-	-	0.00	0.00	-	5.65	-0.09	1.16	0.95	1.23	0.88
Total Operating Expenses	53	46	75	44	48	68	68	67	54	59	75
Selling, General & Admin Expense	20	24	24	23	22	21	23	18	21	23	21
Depreciation Expense	20	22	27	26	27	28	29	32	33	35	36
Other Operating Expenses / (Income)	13	0.00	24	0.00	-	18	17	18	-	-	18
Total Other Income / (Expense), net	-15	-16	0.41	-24	-26	-24	-24	-10	-24	-12	-2.54
Interest Expense	15	19	-	25	26	24	25	27	33	34	34
Interest & Investment Income	0.31	0.43	0.41	1.06	0.66	0.28	0.12	0.07	0.05	0.09	0.14
Other Income / (Expense), net	0.00	3.25	-	-	-	-0.36	0.18	17	9.01	22	32
Income Tax Expense	0.37	0.29	0.39	0.35	0.40	0.38	0.39	0.42	0.45	0.45	0.48
Other Gains / (Losses), net	-0.19	-	-0.28	8.43	15	0.92	0.61	0.24	-3.16	-0.03	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.12	0.18	0.25	0.55	0.55	0.12	0.21	0.53	0.27	0.48	0.63
Basic Earnings per Share	$0.25	$0.26	$0.22	$0.54	$0.59	$0.14	$0.26	$0.72	$0.39	$0.73	$0.98
Weighted Average Basic Shares Outstanding	24.63M	27.62M	35.43M	39.27M	40.18M	42.24M	45.49M	49.26M	49.50M	50.21M	50.96M
Diluted Earnings per Share	$0.24	$0.26	$0.22	$0.52	$0.57	$0.14	$0.26	$0.71	$0.38	$0.72	$0.95
Weighted Average Diluted Shares Outstanding	25.68M	28.38M	36.26M	40.61M	41.46M	42.99M	46.34M	49.95M	50.81M	51.35M	52.32M
Weighted Average Basic & Diluted Shares Outstanding	27.00M	29.77M	39.22M	-	42.05M	42.48M	49.15M	49.42M	49.96M	50.89M	51.39M

This table shows Whitestone REIT's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2.49	1.54	9.34	2.59	7.62	17	3.70	5.05	18	23	4.14
Consolidated Net Income / (Loss)	2.52	1.56	9.46	2.63	7.72	18	3.75	5.12	19	23	4.19
Net Income / (Loss) Continuing Operations	2.52	1.56	9.46	2.63	7.72	18	3.75	5.12	19	23	4.19
Total Pre-Tax Income	2.99	3.20	9.61	2.72	7.84	18	3.88	5.21	19	23	4.33
Total Operating Income	11	21	12	12	13	14	12	13	14	14	13
Total Gross Profit	30	35	27	27	26	19	27	27	28	48	29
Total Revenue	37	38	38	38	39	41	38	38	41	44	42
Operating Revenue	37	48	38	38	39	7.67	38	38	41	44	42
Total Cost of Revenue	7.25	3.40	11	11	12	22	12	12	13	-3.76	13
Operating Cost of Revenue	6.86	3.39	11	11	12	21	11	11	13	-3.85	12
Other Cost of Revenue	0.39	0.01	0.60	0.09	0.35	0.20	0.32	0.41	0.06	0.10	0.49
Total Operating Expenses	18	14	15	15	14	5.63	15	13	14	34	16
Selling, General & Admin Expense	5.39	5.00	6.18	6.55	4.88	5.58	5.44	4.92	5.32	5.54	6.01
Depreciation Expense	8.33	8.43	8.80	8.52	8.92	8.65	9.32	8.52	8.33	9.76	9.97
Total Other Income / (Expense), net	-8.40	-9.41	-1.99	-8.86	-4.74	3.85	-8.10	-8.05	4.52	8.99	-8.59
Interest Expense	8.40	-	8.52	8.79	8.51	8.22	8.10	8.29	9.46	8.63	8.38
Interest & Investment Income	0.01	0.00	0.01	0.00	0.00	0.04	0.10	0.04	0.01	-0.00	0.01
Other Income / (Expense), net	-0.01	-1.12	6.53	-0.08	3.76	12	-0.10	0.21	14	18	-0.22
Income Tax Expense	0.10	0.11	0.12	0.09	0.12	0.12	0.13	0.09	0.13	0.13	0.13
Net Income / (Loss) Attributable to Noncontrolling Interest	0.04	0.02	0.12	0.03	0.10	0.22	0.05	0.06	0.23	0.29	0.05
Basic Earnings per Share	$0.05	$0.03	$0.19	$0.05	$0.15	$0.34	$0.07	$0.10	$0.36	$0.45	$0.08
Weighted Average Basic Shares Outstanding	49.53M	49.50M	49.94M	49.96M	50.30M	50.21M	50.89M	50.90M	51.02M	50.96M	51.39M
Diluted Earnings per Share	$0.05	$0.03	$0.18	$0.05	$0.15	$0.34	$0.07	$0.10	$0.35	$0.43	$0.08
Weighted Average Diluted Shares Outstanding	50.64M	50.81M	51.11M	51.12M	51.31M	51.35M	52.01M	51.91M	52.08M	52.32M	52.78M
Weighted Average Basic & Diluted Shares Outstanding	49.59M	49.96M	49.96M	50.06M	50.65M	50.89M	50.90M	51.02M	51.02M	51.39M	51.39M
Cash Dividends to Common per Share	$0.12	-	$0.12	$0.12	$0.12	-	$0.14	$0.14	$0.14	-	$0.14

This table details how cash moves in and out of Whitestone REIT's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-1.65	0.28	2.22	8.58	1.86	10	-10	-9.56	-1.72	11	-8.01
Net Cash From Operating Activities	36	41	41	40	48	43	47	44	48	58	51
Net Cash From Continuing Operating Activities	36	41	41	40	48	43	47	44	48	58	51
Net Income / (Loss) Continuing Operations	6.85	8.11	8.59	22	24	6.15	10	36	19	37	51
Consolidated Net Income / (Loss)	6.87	8.11	8.59	22	24	6.15	12	36	19	37	51
Depreciation Expense	20	22	27	26	27	28	29	32	33	35	36
Amortization Expense	1.51	1.95	1.79	1.09	1.10	1.11	1.10	1.10	1.18	1.19	1.44
Non-Cash Adjustments To Reconcile Net Income	8.42	6.96	11	-6.36	-8.39	11	7.06	-13	-0.45	-16	-24
Changes in Operating Assets and Liabilities, net	-0.37	1.18	-7.50	-2.83	-1.81	-3.37	-0.49	-11	-5.55	0.58	-13
Net Cash From Investing Activities	-160	-78	-145	11	-42	-6.44	-89	-6.71	-36	-16	-21
Net Cash From Continuing Investing Activities	-160	-78	-145	11	-42	-6.44	-91	-6.71	-36	-16	-21
Purchase of Property, Plant & Equipment	-148	-61	-125	0.00	-35	0.00	-82	-17	-25	-56	-86
Sale of Property, Plant & Equipment	0.00	6.90	0.03	13	0.00	0.92	0.00	34	20	52	42
Other Investing Activities, net	-	0.00	0.00	9.81	-7.58	-7.36	-9.64	-23	-31	-12	23
Net Cash From Financing Activities	122	38	106	-42	-4.10	-26	32	-47	-13	-31	-37
Net Cash From Continuing Financing Activities	122	38	106	-42	-4.10	-26	32	-47	-13	-31	-37
Repayment of Debt	-4.50	-14	-12	-2.57	-11	-2.16	-3.26	-23	12	-88	-382
Repurchase of Common Equity	-1.36	-3.95	-4.34	-2.09	-0.90	-2.12	-0.75	-0.87	-0.53	-2.72	-2.27
Payment of Dividends	-29	-33	-42	-46	-47	-26	-20	-23	-24	-25	-28
Issuance of Debt	108	59	46	9.00	33	1.73	-	0.00	0.00	76	375
Issuance of Common Equity	50	30	118	0.00	21	2.24	56	0.00	0.00	7.62	0.00
Other Financing Activities, net	-	-	-	-	-	-	0.00	0.00	-0.01	-0.03	-0.04
Cash Interest Paid	13	18	23	25	25	28	24	26	31	34	34
Cash Income Taxes Paid	0.32	0.28	0.34	0.30	0.40	0.35	0.36	0.37	0.44	0.43	0.46

This table details how cash moves in and out of Whitestone REIT's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.02	1.57	1.58	-2.98	-0.70	13	0.44	-10	1.52	0.51	-1.34
Net Cash From Operating Activities	14	12	12	12	16	18	3.08	14	18	16	3.56
Net Cash From Continuing Operating Activities	14	12	12	12	16	18	3.08	14	18	16	3.56
Net Income / (Loss) Continuing Operations	2.52	1.56	9.46	2.63	7.72	18	3.75	5.12	19	23	4.19
Consolidated Net Income / (Loss)	2.52	1.56	9.46	2.63	7.72	18	3.75	5.12	19	23	4.19
Depreciation Expense	8.33	8.43	8.80	8.52	8.92	8.65	9.32	8.52	8.33	9.76	9.97
Amortization Expense	0.29	0.29	0.29	0.29	0.31	0.31	0.31	0.31	0.32	0.49	0.51
Non-Cash Adjustments To Reconcile Net Income	2.29	3.59	-4.85	1.24	-1.99	-10	1.25	1.46	-12	-15	2.22
Changes in Operating Assets and Liabilities, net	0.71	-2.12	-2.18	-0.41	1.41	1.76	-12	-1.57	2.56	-2.15	-13
Net Cash From Investing Activities	9.45	-12	-4.58	-28	14	3.17	-3.91	-46	23	5.63	-6.44
Net Cash From Continuing Investing Activities	9.45	-12	-4.58	-28	14	3.17	-3.91	-46	23	5.63	-6.44
Purchase of Property, Plant & Equipment	-0.02	-	-27	-23	-0.00	-5.61	0.00	-34	-14	-38	-0.81
Other Investing Activities, net	9.47	-18	-3.04	-5.51	-6.94	3.22	-3.91	-16	17	26	-5.63
Net Cash From Financing Activities	-24	1.36	-5.37	13	-31	-8.40	1.28	22	-40	-21	1.53
Net Cash From Continuing Financing Activities	-24	1.36	-5.37	13	-31	-8.40	1.28	22	-40	-21	1.53
Repayment of Debt	-17	7.38	-21	-13	-32	-22	-18	56	-407	-14	-17
Repurchase of Common Equity	-0.24	-	-1.44	-1.20	-0.08	-	-1.51	-	-0.76	-	-1.94
Payment of Dividends	-6.01	-6.01	-6.05	-6.24	-6.27	-6.33	-6.93	-6.93	-6.95	-6.95	-7.38
Issuance of Debt	-	-	23	33	-	20	27	-27	375	-	28
Other Financing Activities, net	-0.00	-0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Cash Interest Paid	8.00	7.91	8.16	8.85	8.37	8.28	8.04	8.48	8.73	8.33	8.03

This table presents Whitestone REIT's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	782	855	1,070	1,029	1,056	1,045	1,102	1,103	1,113	1,135	1,171
Total Current Assets	21	27	33	43	42	51	40	40	40	47	46
Cash & Equivalents	2.59	4.17	5.01	14	16	26	16	6.17	4.57	5.22	4.89
Accounts Receivable	15	20	21	22	23	23	22	26	31	34	37
Prepaid Expenses	2.67	2.76	6.20	7.31	3.82	2.05	2.00	7.84	4.77	7.81	3.93
Plant, Property, & Equipment, net	746	813	1,018	939	962	943	1,007	991	992	1,002	1,089
Plant, Property & Equipment, gross	836	920	1,149	1,052	1,100	1,106	1,197	1,199	1,221	1,248	1,354
Accumulated Depreciation	90	107	131	113	138	164	190	208	230	247	265
Total Noncurrent Assets	15	15	19	47	53	52	47	71	80	86	36
Noncurrent Note & Lease Receivables	-	-	0.00	5.66	-	-	0.00	11	10	10	10
Other Noncurrent Operating Assets	15	15	15	15	19	18	12	26	38	76	26
Total Liabilities & Shareholders' Equity	782	855	1,070	1,029	1,056	1,045	1,102	1,103	1,113	1,135	1,171
Total Liabilities	535	588	712	670	703	707	703	678	694	691	707
Total Current Liabilities	32	37	47	45	53	56	51	42	43	48	54
Accounts Payable	24	29	36	34	39	51	46	36	37	41	46
Dividends Payable	7.83	8.73	11	12	12	4.53	5.37	6.01	6.03	6.93	7.37
Other Current Liabilities	-	-	-	0.00	1.33	0.60	0.23	0.13	0.11	-	0.54
Total Noncurrent Liabilities	503	550	665	624	652	651	652	636	651	643	654
Long-Term Debt	498	544	659	618	645	644	643	625	640	632	644
Other Noncurrent Operating Liabilities	5.25	6.13	5.69	6.19	6.92	7.04	9.07	11	11	12	10
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	247	268	358	359	353	338	399	424	420	444	464
Total Preferred & Common Equity	243	256	348	350	345	332	393	418	414	438	458
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	243	256	348	350	345	332	393	418	414	438	458
Common Stock	360	397	521	528	555	562	624	625	628	638	641
Retained Earnings	-	-142	-177	-181	-204	-	-224	-212	-217	-206	-184
Accumulated Other Comprehensive Income / (Loss)	-117	0.86	2.94	4.12	-5.49	-14	-6.75	5.98	2.58	5.71	0.39
Noncontrolling Interest	4.02	12	11	8.69	7.78	6.24	6.26	6.01	5.88	5.68	5.77

This table presents Whitestone REIT's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,100	38	1,129	1,118	1,122	1,140	1,113	1,127	1,156	1,146	1,168
Total Current Assets	45	3.48	43	47	80	79	85	92	90	79	50
Cash & Equivalents	9.50	3.48	2.93	2.98	6.22	3.23	2.53	5.59	5.32	6.85	6.02
Accounts Receivable	25	-	28	29	63	64	79	80	79	67	37
Prepaid Expenses	9.98	-	12	15	11	12	2.83	6.03	6.00	4.68	6.89
Plant, Property, & Equipment, net	995	0.00	1,006	1,002	998	1,018	1,000	999	1,037	1,036	1,088
Plant, Property & Equipment, gross	1,207	-	1,224	1,228	1,231	1,259	1,243	1,254	1,294	1,295	1,362
Accumulated Depreciation	212	-	218	226	233	241	244	255	257	260	274
Total Noncurrent Assets	61	35	79	67	42	43	28	36	29	33	30
Noncurrent Note & Lease Receivables	-	-	10	10	10	10	10	10	10	10	10
Other Noncurrent Operating Assets	26	0.11	35	24	32	32	18	25	19	23	19
Total Liabilities & Shareholders' Equity	1,100	1,094	1,129	1,118	1,122	1,140	1,113	1,127	1,156	1,146	1,168
Total Liabilities	689	675	697	685	694	717	688	690	723	701	698
Total Current Liabilities	42	34	37	41	38	39	42	37	40	48	33
Accounts Payable	36	28	31	35	32	33	36	30	33	41	33
Dividends Payable	6.00	6.01	6.02	6.02	6.22	6.23	6.28	6.96	6.97	6.97	0.00
Total Noncurrent Liabilities	647	641	661	644	656	677	645	653	683	655	666
Long-Term Debt	637	630	650	633	645	666	634	641	670	642	655
Other Noncurrent Operating Liabilities	10	11	11	11	11	11	12	12	13	13	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	411	419	432	433	427	424	425	437	433	445	470
Total Preferred & Common Equity	405	413	425	427	422	418	420	431	428	439	464
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	405	413	425	427	422	418	420	431	428	439	463
Common Stock	624	626	626	627	628	628	636	638	638	639	641
Retained Earnings	-226	-214	-209	-213	-214	-217	-216	-209	-211	-199	-179
Accumulated Other Comprehensive Income / (Loss)	7.65	1.46	8.45	12	7.52	8.15	-0.68	2.23	0.30	-0.52	2.79
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	-0.48
Noncontrolling Interest	5.83	5.91	6.07	6.08	5.62	5.58	5.48	5.54	5.49	5.63	5.85

This table displays calculated financial ratios and metrics derived from Whitestone REIT's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	26,985,799.00	29,252,918.00	38,486,707.00	39,773,002.00	40,633,725.00	42,354,265.00	49,113,056.00	-	-	-	51,020,124.00
DEI Adjusted Shares Outstanding	26,985,799.00	29,252,918.00	38,486,707.00	39,773,002.00	40,633,725.00	42,354,265.00	49,113,056.00	-	-	-	51,020,124.00
DEI Earnings Per Adjusted Shares Outstanding	0.25	0.27	0.22	0.54	0.58	0.14	0.25	-	-	-	0.98
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	21	23	8.47	37	33	28	33	46	46	49	53
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.36%	4.38%	4.56%	4.79%
Earnings before Interest and Taxes (EBIT)	22	27	8.84	38	35	29	35	63	56	72	85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	52	38	65	61	59	65	96	90	108	123
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-119	-44	-195	108	22	61	-28	21	32	0.01	20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	750	816	1,020	949	960	927	988	1,013	1,028	1,077	1,110
Increase / (Decrease) in Invested Capital	140	67	203	-71	11	-33	61	25	15	49	33
Book Value per Share	$9.00	$8.74	$9.03	$8.81	$8.50	$7.84	$8.00	$8.47	$8.34	$8.65	$8.98
Tangible Book Value per Share	$9.00	$8.74	$9.03	$8.81	$8.50	$7.84	$8.00	$8.47	$8.34	$8.65	$8.98
Total Capital	745	812	1,017	977	998	983	1,042	1,050	1,060	1,075	1,108
Total Debt	498	544	659	618	645	644	643	625	640	632	644
Total Long-Term Debt	498	544	659	618	645	644	643	625	640	632	644
Net Debt	495	540	650	578	595	584	592	584	604	626	639
Capital Expenditures (CapEx)	148	54	125	-13	35	-0.92	82	-17	5.63	3.75	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-14	-15	-20	-16	-26	-31	-27	-8.88	-7.29	41	-12
Debt-free Net Working Capital (DFNWC)	-11	-11	-14	-2.60	-11	-5.04	-11	-2.53	-2.65	46	-7.36
Net Working Capital (NWC)	-11	-11	-14	-2.60	-11	-5.04	-11	-2.53	-2.65	46	-7.36
Net Nonoperating Expense (NNE)	14	15	-0.11	15	8.81	22	21	10	27	12	2.52
Net Nonoperating Obligations (NNO)	503	549	661	590	607	589	589	589	608	633	646
Total Depreciation and Amortization (D&A)	21	24	29	27	27	29	30	33	34	36	37
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.26	$0.22	$0.54	$0.59	$0.14	$0.26	$0.72	$0.39	$0.73	$0.98
Adjusted Weighted Average Basic Shares Outstanding	24.63M	27.62M	35.43M	39.27M	40.18M	42.24M	45.49M	49.26M	49.50M	50.21M	50.96M
Adjusted Diluted Earnings per Share	$0.24	$0.26	$0.22	$0.52	$0.57	$0.14	$0.26	$0.71	$0.38	$0.72	$0.95
Adjusted Weighted Average Diluted Shares Outstanding	25.68M	28.38M	36.26M	40.61M	41.46M	42.99M	46.34M	49.95M	50.81M	51.35M	52.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.00M	29.77M	39.22M	0.00	42.05M	42.48M	49.15M	49.42M	49.96M	50.89M	51.39M
Normalized Net Operating Profit after Tax (NOPAT)	21	23	8.63	33	32	28	33	46	46	50	53
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Whitestone REIT's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	50,894,945.00	50,895,585.00	51,017,764.00	51,020,124.00	51,391,734.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	50,894,945.00	50,895,585.00	51,017,764.00	51,020,124.00	51,391,734.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.07	0.10	0.36	0.45	0.08
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.65%	7.15%	4.39%	2.83%	5.19%	8.00%	1.48%	1.49%	5.45%	-	9.27%
EBITDA Growth	5.33%	-23.57%	119.96%	-31.20%	27.86%	23.70%	-20.95%	9.75%	43.88%	-	7.78%
EBIT Growth	5.13%	-31.85%	329.63%	-44.89%	43.62%	33.12%	-34.49%	17.11%	72.21%	-	6.97%
NOPAT Growth	4.71%	70.31%	179.38%	0.39%	13.38%	-30.78%	0.26%	16.36%	13.61%	-	8.13%
Net Income Growth	-36.58%	-92.27%	142.60%	-77.10%	206.35%	1,023.48%	-60.40%	94.90%	140.39%	-	11.87%
EPS Growth	-37.50%	-92.50%	125.00%	-77.27%	200.00%	1,033.33%	-61.11%	100.00%	133.33%	-	14.29%
Operating Cash Flow Growth	-6.62%	7.05%	134.47%	-27.02%	15.77%	53.85%	-73.26%	12.87%	9.87%	-	15.61%
Free Cash Flow Firm Growth	-101.40%	138.42%	-204.43%	25.96%	-17.64%	-786.79%	100.27%	101.71%	33.62%	-	-964.82%
Invested Capital Growth	2.41%	1.45%	2,856.60%	3.97%	2.73%	4.77%	0.80%	1.14%	2.31%	-	3.61%
Revenue Q/Q Growth	0.99%	2.54%	-0.61%	-0.08%	3.30%	5.28%	-6.61%	-0.07%	7.33%	-	-4.86%
EBITDA Q/Q Growth	-32.24%	40.60%	-3.26%	-25.35%	25.92%	36.03%	-38.17%	3.64%	65.08%	-	-44.98%
EBIT Q/Q Growth	-45.46%	70.53%	-6.62%	-36.54%	42.12%	58.06%	-54.04%	13.44%	108.98%	-	-60.17%
NOPAT Q/Q Growth	-1.09%	79.66%	-42.18%	-2.29%	11.71%	9.69%	-16.26%	13.40%	8.12%	-	-11.73%
Net Income Q/Q Growth	-78.01%	-38.00%	505.50%	-72.25%	194.10%	127.37%	-78.66%	36.55%	262.74%	-	-81.87%
EPS Q/Q Growth	-77.27%	-40.00%	500.00%	-72.22%	200.00%	126.67%	-79.41%	42.86%	250.00%	-	-81.40%
Operating Cash Flow Q/Q Growth	-15.80%	-16.95%	-1.89%	6.37%	33.58%	10.36%	-82.95%	349.08%	30.02%	-	-77.55%
Free Cash Flow Firm Q/Q Growth	67.69%	138.59%	-21,428.16%	97.22%	48.66%	-125.27%	108.39%	-82.37%	-2,106.82%	-	-39.24%
Invested Capital Q/Q Growth	-1.58%	-0.59%	4.16%	2.03%	-2.76%	1.39%	0.20%	2.39%	-1.64%	-	0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.43%	91.06%	81.60%	70.81%	80.38%	47.37%	69.77%	69.85%	67.57%	-	69.01%
EBITDA Margin	53.98%	74.02%	72.05%	53.83%	65.62%	84.78%	56.13%	58.21%	89.53%	-	55.36%
Operating Margin	30.73%	54.01%	30.71%	30.68%	32.56%	33.65%	30.98%	34.63%	34.50%	-	30.84%
EBIT Margin	30.71%	51.07%	47.99%	30.48%	41.93%	62.95%	30.98%	35.17%	68.48%	-	30.33%
Profit (Net Income) Margin	6.80%	4.11%	25.06%	6.96%	19.81%	42.79%	9.78%	13.36%	45.17%	-	10.01%
Tax Burden Percent	84.29%	48.81%	98.47%	96.69%	98.50%	99.30%	96.72%	98.20%	99.30%	-	96.95%
Interest Burden Percent	26.28%	16.50%	53.04%	23.62%	47.97%	68.45%	32.64%	38.70%	66.43%	-	34.06%
Effective Tax Rate	3.18%	3.47%	1.24%	3.31%	1.50%	0.70%	3.28%	1.80%	0.70%	-	3.05%
Return on Invested Capital (ROIC)	4.23%	7.56%	8.79%	4.17%	4.67%	4.94%	4.35%	4.85%	5.06%	-	4.50%
ROIC Less NNEP Spread (ROIC-NNEP)	2.82%	4.51%	6.65%	2.84%	3.89%	5.56%	3.15%	3.67%	5.76%	-	3.21%
Return on Net Nonoperating Assets (RNNOA)	4.00%	6.39%	1.46%	4.27%	5.62%	7.99%	4.69%	5.74%	8.47%	-	4.57%
Return on Equity (ROE)	8.24%	13.95%	10.25%	8.44%	10.29%	12.93%	9.04%	10.59%	13.53%	-	9.07%
Cash Return on Invested Capital (CROIC)	1.35%	3.12%	-98.59%	1.13%	2.59%	0.00%	3.79%	3.50%	2.62%	-	1.37%
Operating Return on Assets (OROA)	4.03%	6.82%	12.37%	4.04%	5.73%	8.71%	4.30%	4.80%	9.63%	-	4.37%
Return on Assets (ROA)	0.89%	0.55%	6.46%	0.92%	2.71%	5.92%	1.36%	1.82%	6.35%	-	1.44%
Return on Common Equity (ROCE)	8.12%	13.75%	10.11%	8.32%	10.15%	12.76%	8.92%	10.45%	13.36%	-	8.95%
Return on Equity Simple (ROE_SIMPLE)	8.93%	0.00%	5.93%	3.87%	5.10%	0.00%	7.34%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	11	20	11	11	13	14	11	13	14	14	13
NOPAT Margin	29.76%	52.14%	30.33%	29.66%	32.07%	33.42%	29.96%	34.00%	34.25%	-	29.90%
Net Nonoperating Expense Percent (NNEP)	1.42%	3.05%	2.14%	1.33%	0.77%	-0.62%	1.20%	1.18%	-0.70%	-	1.29%
Return On Investment Capital (ROIC_SIMPLE)	-	1.87%	-	-	-	1.28%	1.07%	1.18%	1.30%	1.28%	1.11%
Cost of Revenue to Revenue	19.57%	8.94%	18.40%	29.19%	19.62%	52.63%	30.23%	30.15%	32.43%	-	30.99%
SG&A Expenses to Revenue	14.55%	13.16%	16.36%	17.36%	12.51%	13.60%	14.20%	12.85%	12.94%	-	14.35%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	49.70%	37.05%	50.89%	40.14%	47.81%	13.72%	38.79%	35.23%	33.07%	-	38.17%
Earnings before Interest and Taxes (EBIT)	11	19	18	12	16	26	12	13	28	32	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	28	27	20	26	35	22	22	37	42	23
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.07	1.40	1.46	1.58	1.61	1.62	1.71	1.47	1.42	-	1.79
Price to Tangible Book Value (P/TBV)	1.07	1.40	1.46	1.58	1.61	1.62	1.71	1.47	1.42	-	1.79
Price to Revenue (P/Rev)	3.14	3.93	4.13	4.39	4.43	4.57	4.72	4.03	3.93	-	5.02
Price to Earnings (P/E)	12.15	30.29	25.00	41.41	32.01	19.26	23.57	18.70	14.05	-	16.48
Dividend Yield	5.21%	4.10%	3.89%	3.66%	3.62%	3.50%	3.50%	4.18%	4.32%	-	3.39%
Earnings Yield	8.23%	3.30%	4.00%	2.41%	3.12%	5.19%	4.24%	5.35%	7.12%	-	6.07%
Enterprise Value to Invested Capital (EV/IC)	1.02	1.16	1.18	1.22	1.23	1.25	1.28	1.18	1.16	-	1.33
Enterprise Value to Revenue (EV/Rev)	7.29	8.05	8.44	8.83	8.60	8.63	8.83	8.31	7.97	-	8.98
Enterprise Value to EBITDA (EV/EBITDA)	10.73	13.23	12.03	13.89	12.96	12.44	13.48	12.49	10.96	-	11.94
Enterprise Value to EBIT (EV/EBIT)	16.31	21.31	18.08	22.00	20.07	18.70	21.02	19.27	15.94	-	17.23
Enterprise Value to NOPAT (EV/NOPAT)	27.78	25.63	23.40	24.68	23.71	27.35	27.99	25.54	24.01	-	27.50
Enterprise Value to Operating Cash Flow (EV/OCF)	22.62	25.02	23.27	26.75	25.27	23.06	27.68	25.33	23.87	-	28.97
Enterprise Value to Free Cash Flow (EV/FCFF)	76.97	37.44	0.00	109.98	48.35	128,606.53	33.84	33.84	45.00	-	99.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.46	1.53	1.51	1.57	1.49	1.42	1.47	1.55	1.44	-	1.39
Long-Term Debt to Equity	1.46	1.53	1.51	1.57	1.49	1.42	1.47	1.55	1.44	-	1.39
Financial Leverage	1.42	1.42	0.22	1.51	1.44	1.44	1.49	1.56	1.47	-	1.42
Leverage Ratio	2.63	2.63	1.37	2.65	2.60	2.60	2.60	2.68	2.60	-	2.53
Compound Leverage Factor	0.69	0.43	0.73	0.63	1.25	1.78	0.85	1.04	1.72	-	0.86
Debt to Total Capital	59.38%	60.41%	60.15%	61.10%	59.85%	58.73%	59.50%	60.76%	59.04%	-	58.24%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	59.38%	60.41%	60.15%	61.10%	59.85%	58.73%	59.50%	60.76%	59.04%	-	58.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.57%	0.55%	0.52%	0.51%	0.52%	0.53%	0.51%	0.50%	0.52%	-	0.52%
Common Equity to Total Capital	40.05%	39.04%	39.32%	38.39%	39.63%	40.75%	39.99%	38.75%	40.44%	-	41.19%
Debt to EBITDA	6.41	7.11	6.15	6.96	6.26	5.85	6.28	6.44	5.56	-	5.27
Net Debt to EBITDA	6.05	6.71	6.09	6.93	6.23	5.81	6.22	6.38	5.50	-	5.22
Long-Term Debt to EBITDA	6.41	7.11	6.15	6.96	6.26	5.85	6.28	6.44	5.56	-	5.27
Debt to NOPAT	16.60	13.78	11.97	12.36	11.45	12.87	13.02	13.16	12.18	-	12.13
Net Debt to NOPAT	15.65	13.00	11.85	12.30	11.40	12.76	12.91	13.05	12.05	-	12.02
Long-Term Debt to NOPAT	16.60	13.78	11.97	12.36	11.45	12.87	13.02	13.16	12.18	-	12.13
Altman Z-Score	0.30	0.42	0.50	0.49	0.55	0.62	0.61	0.49	0.54	-	0.69
Noncontrolling Interest Sharing Ratio	1.41%	1.41%	1.36%	1.36%	1.35%	1.34%	1.29%	1.29%	1.28%	-	1.31%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	0.94	2.09	2.01	2.00	1.97	2.47	2.23	1.64	-	1.55
Quick Ratio	0.78	0.82	1.79	1.71	1.93	1.80	2.30	2.09	1.54	-	1.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-13	5.15	-1,098	-31	-16	-35	2.97	0.52	-10	-19	-26
Operating Cash Flow to CapEx	74,436.84%	0.00%	746.86%	53.45%	0.00%	33,464.81%	0.00%	46.14%	0.00%	-	437.59%
Free Cash Flow to Firm to Interest Expense	-1.59	0.00	-128.90	-3.48	-1.85	-4.30	0.37	0.06	-1.11	-	-3.16
Operating Cash Flow to Interest Expense	1.68	0.00	1.35	1.39	1.93	2.20	0.38	1.67	1.90	-	0.42
Operating Cash Flow Less CapEx to Interest Expense	1.68	0.00	1.17	-1.21	4.37	2.19	0.38	-1.95	2.60	-	0.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.13	0.26	0.13	0.14	0.14	0.14	0.14	0.14	-	0.14
Accounts Receivable Turnover	5.37	5.27	0.00	3.26	2.81	2.80	2.18	2.19	2.17	-	2.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	0.15	0.15	0.00	0.15	0.15	0.16	0.16	0.15	0.16	-	0.16
Accounts Payable Turnover	0.92	0.80	0.82	0.90	0.81	1.22	1.52	1.44	1.27	-	1.08
Days Sales Outstanding (DSO)	67.99	69.29	0.00	111.82	129.69	130.55	167.41	166.85	168.33	-	130.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	398.67	458.90	446.06	406.92	448.78	298.52	239.65	252.97	287.12	-	336.65
Cash Conversion Cycle (CCC)	-330.67	-389.61	-446.06	-295.10	-319.09	-167.97	-72.24	-86.11	-118.79	-	-206.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,034	1,028	1,071	1,093	1,062	1,077	1,079	1,105	1,087	1,110	1,118
Invested Capital Turnover	0.14	0.14	0.29	0.14	0.15	0.15	0.15	0.14	0.15	-	0.15
Increase / (Decrease) in Invested Capital	24	15	1,110	42	28	49	8.52	12	25	33	39
Enterprise Value (EV)	1,059	1,191	1,261	1,329	1,312	1,343	1,378	1,301	1,265	-	1,485
Market Capitalization	456	581	617	661	675	711	737	631	624	-	830
Book Value per Share	$8.62	$8.34	$8.44	$8.37	$8.38	$8.65	$8.47	$8.40	$8.61	$8.98	$9.02
Tangible Book Value per Share	$8.62	$8.34	$8.44	$8.37	$8.38	$8.65	$8.47	$8.40	$8.61	$8.98	$9.02
Total Capital	1,066	1,060	1,072	1,090	1,059	1,075	1,078	1,103	1,087	1,108	1,125
Total Debt	633	640	645	666	634	632	641	670	642	644	655
Total Long-Term Debt	633	640	645	666	634	632	641	670	642	644	655
Net Debt	597	604	639	662	631	626	636	665	635	639	649
Capital Expenditures (CapEx)	0.02	-6.40	1.54	23	-21	0.05	0.00	30	-6.61	21	0.81
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.97	-7.29	36	37	40	41	49	45	24	-12	12
Debt-free Net Working Capital (DFNWC)	5.95	-2.65	42	40	42	46	55	50	31	-7.36	18
Net Working Capital (NWC)	5.95	-2.65	42	40	42	46	55	50	31	-7.36	18
Net Nonoperating Expense (NNE)	8.51	18	1.99	8.57	4.78	-3.85	7.73	7.90	-4.49	-8.94	8.33
Net Nonoperating Obligations (NNO)	601	608	643	669	637	633	643	672	642	646	649
Total Depreciation and Amortization (D&A)	8.62	8.72	9.09	8.81	9.23	8.96	9.64	8.82	8.65	10	10
Debt-free, Cash-free Net Working Capital to Revenue	2.04%	-4.93%	23.77%	24.38%	26.06%	26.25%	31.50%	28.50%	15.05%	-	7.14%
Debt-free Net Working Capital to Revenue	4.09%	-1.79%	27.93%	26.53%	27.72%	29.61%	35.08%	31.90%	19.36%	-	10.78%
Net Working Capital to Revenue	4.09%	-1.79%	27.93%	26.53%	27.72%	29.61%	35.08%	31.90%	19.36%	-	10.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.03	$0.19	$0.05	$0.15	$0.34	$0.07	$0.10	$0.36	$0.45	$0.08
Adjusted Weighted Average Basic Shares Outstanding	49.53M	49.50M	49.94M	49.96M	50.30M	50.21M	50.89M	50.90M	51.02M	50.96M	51.39M
Adjusted Diluted Earnings per Share	$0.05	$0.03	$0.18	$0.05	$0.15	$0.34	$0.07	$0.10	$0.35	$0.43	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	50.64M	50.81M	51.11M	51.12M	51.31M	51.35M	52.01M	51.91M	52.08M	52.32M	52.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.59M	49.96M	49.96M	50.06M	50.65M	50.89M	50.90M	51.02M	51.02M	51.39M	51.39M
Normalized Net Operating Profit after Tax (NOPAT)	11	20	11	11	13	14	12	13	14	14	13
Normalized NOPAT Margin	29.76%	52.14%	30.33%	29.84%	32.07%	33.42%	30.22%	34.14%	34.12%	-	29.90%
Pre Tax Income Margin	8.07%	8.43%	25.45%	7.20%	20.12%	43.09%	10.11%	13.61%	45.49%	-	10.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.35	0.00	2.13	1.31	1.92	3.14	1.47	1.62	2.98	-	1.51
NOPAT to Interest Expense	1.31	0.00	1.34	1.27	1.47	1.67	1.42	1.57	1.49	-	1.49
EBIT Less CapEx to Interest Expense	1.35	0.00	1.95	-1.30	4.36	3.14	1.47	-1.99	3.68	-	1.42
NOPAT Less CapEx to Interest Expense	1.31	0.00	1.16	-1.34	3.91	1.66	1.42	-2.05	2.19	-	1.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	62.95%	123.48%	96.23%	150.33%	114.98%	66.61%	81.42%	77.50%	60.32%	-	55.29%
Augmented Payout Ratio	65.23%	126.17%	104.09%	168.12%	127.71%	73.89%	90.24%	82.16%	65.36%	-	60.58%

Financials Breakdown Chart

Key Financial Trends

Whitestone REIT (WSR) — a concise look at the last four years of quarterly data shows evolving profitability, cash flow dynamics, and balance-sheet leverage. Below are the top 10 points, with positives listed first, then neutral observations, and finally negatives.

Net income from continuing operations rose to $23,125,000 in Q4 2025, marking improved profitability versus earlier quarters.
Q4 2025 Diluted EPS of $0.43 and Basic EPS of $0.45 reflect stronger earnings power in the latest quarter.
Operating revenue for Q4 2025 was $44.014M, up from $41.103M in Q3 2025, indicating continued revenue growth momentum.
Net cash from continuing operating activities for Q4 2025 was $15.866M, continuing a pattern of solid cash generation from core business operations.
Net cash from continuing investing activities turned positive in late 2025 (Q3: +$23.37M; Q4: +$5.63M), suggesting improved portfolio management and asset activity.
Cash dividends per share remained broadly stable in the 2025 quarters (Q1: $0.1238; Q2 & Q3: $0.135), supporting a predictable income policy for investors.

Balance-sheet leverage remains notable: Long-Term Debt around $641.6M–$670.3M and Total Liabilities near $701M (Q3 2025), with Total Equity around $439M—warranting monitoring of debt maturities and coverage metrics.
Non-cash adjustments to reconcile net income have been sizeable in some quarters (for example, Q4 2025 shows a large negative non-cash adjustment), which can affect reported cash flow reconciliation without reflecting immediate cash on hand.
Cash flow patterns across quarters show variability tied to working capital, asset sales/purchases, and debt activity, contributing to fluctuations in net cash from financing and investing activities.

Net cash from financing activities was negative in multiple quarters (e.g., Q3 2025: -$39.84M; Q4 2025: -$20.98M), indicating ongoing cash outflows for debt repayments and dividends and raising visibility of leverage risk.

05/22/26 01:33 PM ETAI Generated. May Contain Errors.

Whitestone REIT Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Whitestone REIT's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Whitestone REIT's net income appears to be on an upward trend, with a most recent value of $50.56 million in 2025, rising from $6.87 million in 2015. The previous period was $37.37 million in 2024. See Whitestone REIT's forecast for analyst expectations on what's next for the company.

Whitestone REIT's total operating income in 2025 was $53.58 million, based on the following breakdown:

Total Gross Profit: $129.03 million
Total Operating Expenses: $75.46 million

Over the last 10 years, Whitestone REIT's total revenue changed from $93.42 million in 2015 to $161.74 million in 2025, a change of 73.1%.

Whitestone REIT's total liabilities were at $707.40 million at the end of 2025, a 2.4% increase from 2024, and a 32.2% increase since 2015.

In the past 10 years, Whitestone REIT's cash and equivalents has ranged from $2.59 million in 2015 to $25.78 million in 2020, and is currently $4.89 million as of their latest financial filing in 2025.

Over the last 10 years, Whitestone REIT's book value per share changed from 9.00 in 2015 to 8.98 in 2025, a change of -0.3%.

Related Companies

Financial statements for NYSE:WSR last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Whitestone REIT (WSR) Financials

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Whitestone REIT (WSR) Financials

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Quarterly Metrics And Ratios for Whitestone REIT

Financials Breakdown Chart

Key Financial Trends

Whitestone REIT Financials - Frequently Asked Questions

When does Whitestone REIT's fiscal year end?

How has Whitestone REIT's net income changed over the last 10 years?

What is Whitestone REIT's operating income?

How has Whitestone REIT's revenue changed over the last 10 years?

How much debt does Whitestone REIT have?

How much cash does Whitestone REIT have?

How has Whitestone REIT's book value per share changed over the last 10 years?

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