Whitestone REIT
NYSE:WSR
Income Statement
Earnings Waterfall
Whitestone REIT
Revenue
|
147m
USD
|
Cost of Revenue
|
-46m
USD
|
Gross Profit
|
101m
USD
|
Operating Expenses
|
-53.6m
USD
|
Operating Income
|
47.4m
USD
|
Other Expenses
|
-28.2m
USD
|
Net Income
|
19.2m
USD
|
Income Statement
Whitestone REIT
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
61
N/A
|
64
+6%
|
67
+4%
|
70
+4%
|
72
+4%
|
76
+5%
|
81
+6%
|
86
+7%
|
93
+8%
|
98
+5%
|
101
+3%
|
102
+1%
|
104
+3%
|
107
+3%
|
112
+5%
|
121
+7%
|
126
+5%
|
127
+1%
|
127
-1%
|
124
-2%
|
120
-3%
|
120
0%
|
120
+0%
|
119
-1%
|
119
+0%
|
120
+1%
|
118
-2%
|
118
+0%
|
118
0%
|
116
-1%
|
119
+3%
|
122
+2%
|
125
+3%
|
130
+4%
|
135
+3%
|
138
+2%
|
139
+1%
|
141
+1%
|
143
+1%
|
144
+1%
|
147
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(23)
|
(24)
|
(25)
|
(25)
|
(25)
|
(26)
|
(27)
|
(29)
|
(31)
|
(33)
|
(33)
|
(33)
|
(34)
|
(35)
|
(37)
|
(40)
|
(42)
|
(42)
|
(41)
|
(39)
|
(37)
|
(37)
|
(37)
|
(37)
|
(37)
|
(39)
|
(38)
|
(38)
|
(39)
|
(37)
|
(38)
|
(39)
|
(39)
|
(41)
|
(42)
|
(44)
|
(43)
|
(44)
|
(44)
|
(44)
|
(46)
|
|
Gross Profit |
38
N/A
|
40
+7%
|
42
+5%
|
45
+6%
|
47
+5%
|
50
+6%
|
53
+7%
|
58
+8%
|
62
+8%
|
65
+5%
|
68
+4%
|
68
+1%
|
70
+3%
|
72
+2%
|
75
+4%
|
80
+7%
|
84
+4%
|
86
+3%
|
86
+0%
|
85
-2%
|
82
-3%
|
83
+0%
|
83
0%
|
82
-1%
|
82
+0%
|
82
-1%
|
80
-2%
|
80
0%
|
79
-1%
|
79
0%
|
81
+3%
|
83
+2%
|
86
+4%
|
90
+4%
|
93
+3%
|
94
+2%
|
96
+2%
|
97
+1%
|
98
+1%
|
100
+2%
|
101
+1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(33)
|
(35)
|
(38)
|
(40)
|
(41)
|
(43)
|
(43)
|
(46)
|
(48)
|
(50)
|
(51)
|
(51)
|
(52)
|
(52)
|
(51)
|
(49)
|
(49)
|
(47)
|
(48)
|
(48)
|
(48)
|
(48)
|
(49)
|
(50)
|
(50)
|
(50)
|
(50)
|
(52)
|
(50)
|
(51)
|
(51)
|
(50)
|
(52)
|
(52)
|
(53)
|
(54)
|
|
Selling, General & Administrative |
(11)
|
(11)
|
(12)
|
(14)
|
(15)
|
(17)
|
(18)
|
(20)
|
(20)
|
(21)
|
(21)
|
(22)
|
(24)
|
(25)
|
(26)
|
(25)
|
(24)
|
(24)
|
(25)
|
(24)
|
(23)
|
(23)
|
(21)
|
(22)
|
(22)
|
(21)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(20)
|
(20)
|
(20)
|
(18)
|
(20)
|
(20)
|
(21)
|
(21)
|
|
Depreciation & Amortization |
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(26)
|
(27)
|
(28)
|
(27)
|
(26)
|
(26)
|
(26)
|
(26)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(28)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(31)
|
(31)
|
(32)
|
(32)
|
(32)
|
(33)
|
(33)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
14
N/A
|
15
+9%
|
15
+1%
|
16
+4%
|
16
+2%
|
17
+3%
|
18
+7%
|
19
+9%
|
22
+13%
|
24
+8%
|
25
+5%
|
25
+1%
|
24
-5%
|
24
-2%
|
25
+7%
|
29
+16%
|
33
+12%
|
34
+5%
|
34
-1%
|
34
0%
|
34
-1%
|
34
+1%
|
35
+4%
|
34
-4%
|
34
+1%
|
34
-1%
|
32
-5%
|
31
-2%
|
30
-5%
|
29
-3%
|
31
+7%
|
33
+6%
|
34
+5%
|
40
+16%
|
42
+4%
|
43
+4%
|
46
+7%
|
45
-2%
|
46
+1%
|
47
+2%
|
47
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(12)
|
(13)
|
(13)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(19)
|
(20)
|
(22)
|
(23)
|
(23)
|
(23)
|
(23)
|
(16)
|
(16)
|
(17)
|
(17)
|
(11)
|
(11)
|
(11)
|
(11)
|
(25)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(24)
|
(25)
|
(27)
|
(29)
|
(32)
|
(34)
|
(36)
|
|
Non-Reccuring Items |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
4
|
5
|
4
|
4
|
0
|
1
|
0
|
(0)
|
(0)
|
1
|
2
|
2
|
2
|
0
|
0
|
(0)
|
(0)
|
17
|
17
|
26
|
26
|
8
|
|
Pre-Tax Income |
4
N/A
|
5
+34%
|
6
+5%
|
6
+9%
|
6
-7%
|
5
-11%
|
5
+7%
|
6
+8%
|
7
+25%
|
8
+9%
|
8
-2%
|
7
-8%
|
5
-27%
|
4
-16%
|
5
+17%
|
7
+45%
|
9
+26%
|
11
+18%
|
11
-2%
|
16
+45%
|
22
+43%
|
22
-2%
|
23
+3%
|
16
-27%
|
24
+46%
|
23
-5%
|
21
-10%
|
20
-5%
|
7
-67%
|
6
-3%
|
9
+47%
|
11
+22%
|
11
-4%
|
17
+53%
|
18
+6%
|
19
+6%
|
36
+94%
|
33
-9%
|
40
+21%
|
39
-4%
|
20
-48%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
4
|
5
|
5
|
6
|
5
|
5
|
5
|
5
|
7
|
7
|
7
|
7
|
5
|
4
|
5
|
7
|
9
|
11
|
10
|
15
|
22
|
22
|
22
|
16
|
24
|
22
|
20
|
19
|
6
|
6
|
9
|
11
|
10
|
16
|
17
|
18
|
36
|
33
|
40
|
38
|
19
|
|
Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
|
Net Income (Common) |
4
N/A
|
5
+38%
|
5
+5%
|
6
+8%
|
7
+27%
|
7
-12%
|
7
+3%
|
7
+6%
|
6
-12%
|
10
+54%
|
9
-1%
|
9
-7%
|
7
-18%
|
4
-48%
|
4
+15%
|
6
+46%
|
8
+22%
|
10
+23%
|
10
N/A
|
15
+50%
|
21
+45%
|
21
-2%
|
22
+7%
|
16
-27%
|
24
+45%
|
23
-5%
|
20
-13%
|
19
-5%
|
6
-68%
|
6
-3%
|
11
+81%
|
13
+19%
|
12
-4%
|
18
+47%
|
17
-4%
|
18
+6%
|
35
+97%
|
32
-9%
|
39
+22%
|
38
-4%
|
19
-49%
|
|
EPS (Diluted) |
0.16
N/A
|
0.23
+44%
|
0.24
+4%
|
0.24
N/A
|
0.32
+33%
|
0.28
-13%
|
0.28
N/A
|
0.26
-7%
|
0.24
-8%
|
0.36
+50%
|
0.35
-3%
|
0.3
-14%
|
0.26
-13%
|
0.13
-50%
|
0.13
N/A
|
0.17
+31%
|
0.22
+29%
|
0.25
+14%
|
0.25
N/A
|
0.37
+48%
|
0.52
+41%
|
0.52
N/A
|
0.53
+2%
|
0.38
-28%
|
0.56
+47%
|
0.51
-9%
|
0.46
-10%
|
0.44
-4%
|
0.14
-68%
|
0.13
-7%
|
0.23
+77%
|
0.26
+13%
|
0.26
N/A
|
0.35
+35%
|
0.34
-3%
|
0.36
+6%
|
0.71
+97%
|
0.64
-10%
|
0.78
+22%
|
0.75
-4%
|
0.38
-49%
|