Whitestone REIT (WSR) — Financial statements
Income statement, balance sheet, and cash flow for Whitestone REIT — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 161↑3.4% | 156↑5.1% | 148↑5.2% | 141↑12.2% | 125 | |
| Cost of Revenue | 50↑9.0% | 46↑0.0% | 46↑6.2% | 43↑10.1% | 39 | |
| Gross Profit | 111↑1.1% | 110↑7.4% | 102↑4.8% | 97↑13.2% | 86 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 21↓8.5% | 23↑12.3% | 21↑14.3% | 18↓20.2% | 23 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 21↓8.5% | 23↑12.3% | 21↑14.3% | 18↓20.2% | 23 | |
| Other Expenses | 36↑3.0% | 35↑5.8% | 33↑4.0% | 32↑9.5% | 29 | |
| Operating Expenses | 57↓1.6% | 58↑8.3% | 54↑7.7% | 50↓3.5% | 52 | |
| Total Costs & Expenses | 107↑3.1% | 104↑4.5% | 100↑7.0% | 93↑2.4% | 91 | |
| Operating Results | ||||||
| Operating Income | 54↑4.1% | 51↑6.4% | 48↑1.7% | 48↑38.2% | 34 | |
| Depreciation & Amortization | 36↑2.7% | 35↑5.8% | 33↑4.3% | 32↑9.5% | 29 | |
| EBITDA | 121↑12.9% | 107↑24.5% | 86↓9.8% | 95↑47.9% | 64 | |
| EBIT | 85↑17.9% | 72↑36.2% | 53↓16.8% | 63↑79.3% | 35 | |
| Interest & Other Income | ||||||
| Net Interest Income | -33↑2.0% | -34↓3.5% | -33↓21.0% | -27↓11.0% | -24 | |
| Interest Income | 0.41↑369.0% | 0.09↑70.6% | 0.05↓21.5% | 0.07↓44.0% | 0.12 | |
| Interest Expense | 34↓1.1% | 34↑3.6% | 33↑20.9% | 27↑10.7% | 25 | |
| Non-Operating Income | -31↓52.5% | -20↓360.8% | -4↑72.2% | -16↓1505.0% | -0.99 | |
| Other Income / Expenses | -3↑81.4% | -14↑52.1% | -28↓151.9% | -11↑52.1% | -24 | |
| Income Before Tax | 51↑34.9% | 38↑90.1% | 20↓45.1% | 36↑235.2% | 11 | |
| Income Tax Expense | 0.48↑7.1% | 0.45↑0.0% | 0.45↑6.6% | 0.42↑9.6% | 0.39 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 51↑35.3% | 37↑92.1% | 19↓45.7% | 36↑243.6% | 10 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 2 | |
| Net Income | 50↑35.3% | 37↑92.4% | 19↓45.6% | 35↑192.7% | 12 | |
| Bottom-Line Net Income | 50↑35.3% | 37↑92.4% | 19↓45.6% | 35↑192.7% | 12 | |
| EPS (Basic) | 0.98↑34.2% | 0.73↑87.2% | 0.39↓45.8% | 0.72↑176.9% | 0.26 | |
| EPS (Diluted) | 0.95↑31.9% | 0.72↑89.5% | 0.38↓46.5% | 0.71↑173.1% | 0.26 | |
| Weighted Average Shares | 51↑0.9% | 50↑1.4% | 50↑0.5% | 49↑8.3% | 45 | |
| Weighted Average Diluted Shares | 52↑1.0% | 51↑1.1% | 51↑1.7% | 50↑7.8% | 46 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.