← Whitestone REIT
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $7.9m |
$8.3m
+5.08%
|
$21.4m
+157.15%
|
$23.7m
+10.51%
|
$6.0m
-74.52%
|
$12.0m
+99.67%
|
$35.3m
+192.75%
|
$19.2m
-45.62%
|
$36.9m
+92.35%
|
$49.9m
+35.33%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $8.1m |
$8.9m
+9.08%
|
$22.0m
+147.92%
|
$24.2m
+10.22%
|
$6.2m
-74.61%
|
$12.3m
+99.20%
|
$35.3m
+187.85%
|
$19.2m
-45.62%
|
$36.9m
+92.35%
|
$49.9m
+35.33%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $8.1m | $8.9m | $22.0m | $24.2m | $6.2m | $12.3m | $35.8m | $19.4m | $37.4m | $50.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $197k | — | $550k | $545k | $117k | $205k | $530k | $270k | $480k | $630k | — | |
| Depreciation, Depletion and Amortization | $22.5m | $27.2m | $25.7m | $26.7m | $28.3m | $28.9m | $31.7m | $33.0m | $34.9m | $35.9m | $36.7m | |
| Amortization of Debt Issuance Costs and Discounts | $1.6m | $1.3m | $1.1m | $1.1m | $1.1m | $1.1m | $1.1m | $1.1m | $1.1m | $1.3m | — | |
| Other Depreciation and Amortization | $22.5m | $27.2m | $25.7m | $26.7m | $28.3m | $28.9m | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $31.7m | $33.1m | $35.0m | $36.0m | $36.7m | |
| Share-based Payment Arrangement, Noncash Expense | $10.2m | $10.4m | $6.7m | $6.5m | $6.1m | $5.9m | $1.5m | $3.7m | $4.6m | $5.3m | $5.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $6.1m | $5.9m | $1.5m | $3.7m | $4.6m | $5.3m | $5.5m | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | $0 | ($91k) | ($20k) | $0 | $0 | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $1.2m | $951k | $1.2m | $877k | $1.0m | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | $239k | ($3.2m) | ($28k) | $0 | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | ($10.4m) | ($24.3m) | ($12.4m) | ($2.5m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($239k) | $3.2m | $28k | $0 | $0 | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($9.8m) | ($5.3m) | $1.3m | ($12.4m) | ($13.4m) | |
| Increase (Decrease) in Accounts Receivable | — | — | — | — | $2.3m | $100k | — | — | — | — | ($4.5m) | |
| Change In Receivables | — | — | — | — | — | — | ($4.9m) | ($6.1m) | ($4.5m) | ($4.1m) | ($4.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($4.3m) | ($6.0m) | ($4.4m) | ($4.3m) | ($4.5m) | |
| Gain (Loss) on Disposition of Other Assets | ($96k) | ($183k) | ($82k) | ($215k) | ($364k) | $176k | ($192k) | ($522k) | ($547k) | ($239k) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($3.4m) | ($4.6m) | ($3.5m) | ($3.6m) | ($3.1m) | |
| Net Cash Provided by (Used in) Operating Activities | $39.2m |
$41.0m
+4.54%
|
$39.6m
-3.42%
|
$47.7m
+20.71%
|
$42.8m
-10.41%
|
$47.0m
+9.97%
|
$44.4m
-5.55%
|
$47.6m
+7.13%
|
$58.2m
+22.33%
|
$50.8m
-12.80%
|
$51.3m
+0.95%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $3.3m | ($167k) | $4.5m | $638k | $1.4m | $176k | $16.9m | $9.0m | $22.1m | $30.0m | ($30.9m) | |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | — | $100k | $100k | $200k | $300k | — | |
| Net Other Investing Changes | — | — | — | — | — | — | — | ($13.6m) | $10.1m | — | $10.1m | |
| Net Cash Provided by (Used in) Investing Activities | ($75.8m) | ($142.5m) | $10.8m | ($42.4m) | ($6.4m) | ($91.2m) | ($6.7m) | ($36.3m) | ($16.0m) | ($21.3m) | ($23.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | $0 | — | — | ($798k) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $42.5m | $76.3m | $375.0m | $375.7m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $42.5m | $76.3m | $375.0m | $375.7m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($19.5m) | ($31.0m) | ($87.0m) | ($375.8m) | ($375.4m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($19.5m) | $11.5m | ($10.7m) | ($821k) | $308k | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($19.5m) | $11.5m | ($10.7m) | ($821k) | $308k | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | ($16.0m) | $42.5m | — | — | ($8.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($19.5m) | ($31.0m) | ($87.0m) | ($375.8m) | ($375.4m) | |
| Payments for Repurchase of Common Stock | $3.9m | $4.3m | $2.0m | $776k | $2.1m | $691k | $537k | $525k | $2.6m | $2.3m | — | |
| Payments of Ordinary Dividends, Common Stock | $31.9m | $40.5m | $44.9m | $45.6m | $25.2m | $19.3m | $23.0m | $23.7m | $24.6m | $27.4m | ($27.8m) | |
| Proceeds from Issuance of Common Stock | $30.0m | $118.4m | $0 | $21.2m | $2.2m | $56.0m | $0 | $0 | $7.6m | $0 | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($23.0m) | ($23.7m) | ($24.6m) | ($27.4m) | ($27.8m) | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | $7.6m | $0 | $0 | |
| Common Stock Payments | — | — | — | — | — | — | ($537k) | ($525k) | ($2.6m) | ($2.3m) | ($2.7m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $7.6m | $0 | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($537k) | ($525k) | $5.0m | ($2.3m) | ($2.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($537k) | ($525k) | ($2.6m) | ($2.3m) | ($2.7m) | |
| Dividends Payable | $8.7m | $11.5m | $11.6m | $12.2m | $4.5m | $5.4m | $6.0m | $6.0m | $6.9m | $7.4m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($23.0m) | ($23.7m) | ($24.6m) | ($27.4m) | ($27.8m) | |
| Dividend Received CFO | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.3m) | ($332k) | ($1.2m) | ($7.0m) | ($7.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $38.2m |
$105.2m
+175.69%
|
($41.8m)
-139.70%
|
($4.1m)
+90.18%
|
($26.0m)
-534.86%
|
$32.3m
+224.18%
|
($47.3m)
-246.30%
|
($13.0m)
+72.50%
|
($31.5m)
-142.20%
|
($37.5m)
-19.06%
|
($37.2m)
+0.69%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $280k | $2.2m | $8.6m | $1.9m | $10.3m | ($10.0m) | ($9.6m) | ($1.7m) | $10.7m | ($8.0m) | $6.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $15.9m | $6.4m | $4.6m | $15.4m | $15.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $280k | $2.2m | $13.8m | $15.6m | $26.0m | $15.9m | $6.4m | $4.6m | $15.4m | $7.4m | $6.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $18.3m | $22.5m | $24.6m | $25.4m | $24.7m | $23.7m | $26.5m | $31.1m | $33.7m | $33.6m | — | |
| Income Taxes Paid, Net | $284k | $337k | $304k | $396k | $353k | $364k | $366k | $435k | $432k | $457k | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | — | — | — | — | — | — | — | — | — | $38k | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | — | — | — | — | — | $0 | $0 | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | $749k | $0 | — | |
| Gains (Losses) on Sales of Investment Real Estate | $3.4m | $16k | $4.6m | $853k | — | — | — | — | — | — | — | |
| General and Administrative Expense | $23.9m | $23.9m | $23.3m | $21.7m | $21.3m | $22.6m | $18.1m | $20.7m | $23.2m | $21.2m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $8.1m | $8.9m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $8.1m | $8.9m | — | $23.6m | $6.2m | $10.4m | $35.8m | $19.4m | $37.4m | $50.6m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | $594k | $0 | $1.8m | $0 | $0 | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $289k | $386k | $347k | $400k | $379k | $385k | $422k | $450k | $450k | $482k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $34.0m | $33.7m | — | |
| Operating Costs and Expenses | $34.1m | $42.1m | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | — | — | $64.7m | $25.0m | $24.1m | $24.3m | — | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $117.0m | $115.1m | $123.9m | $138.2m | $145.7m | $151.3m | $159.3m | — | |
| Real Estate Tax Expense | $14.4m | $17.9m | $16.4m | $16.3m | $18.0m | $16.8m | $17.6m | $18.0m | $17.8m | $18.3m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($47.3m) | ($13.0m) | ($31.5m) | ($37.5m) | ($37.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($6.7m) | ($36.3m) | ($16.0m) | ($21.3m) | ($23.8m) | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | $1.8m | $0 | $0 | — | — | — | |
| Change In Account Payable | — | — | — | — | — | — | ($2.8m) | $355k | ($220k) | ($2.8m) | ($5.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($9.6m) | ($1.7m) | $10.7m | ($8.0m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.5m) | $2.3m | $6.5m | ($1.2m) | ($276k) | |
| Change In Payable | — | — | — | — | — | — | ($2.2m) | $371k | ($220k) | ($2.8m) | ($5.6m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $2.1m | $2.7m | $3.0m | ($656k) | $581k | |
| Changes In Cash | — | — | — | — | — | — | ($9.6m) | ($1.7m) | $10.7m | ($8.0m) | ($9.8m) | |
| End Cash Position | — | — | — | — | — | — | $6.4m | $4.6m | $15.4m | $7.4m | $6.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($47.3m) |
($13.0m)
+72.50%
|
($31.5m)
-142.20%
|
($37.5m)
-19.06%
|
($37.2m)
+0.69%
|
|
| Free Cash Flow | — | — | — | — | — | — | $44.4m | $47.6m | $58.2m | $50.8m | $51.3m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($16.9m) | ($9.0m) | ($22.1m) | ($32.0m) | ($15.9m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($6.7m) | ($36.3m) | ($16.0m) | ($21.3m) | ($23.8m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | — | $0 | $0 | $47.0m | $47.0m | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($6.7m) | ($22.7m) | ($26.2m) | ($68.3m) | ($70.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($17.0m) | ($5.3m) | ($21.6m) | ($31.0m) | ($30.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $1.1m | $1.1m | $357k | $1.4m | — | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($40.4m) | ($42.5m) | ($78.2m) | ($110.5m) | ($113.0m) | |
| Sale Of Business | — | — | — | — | — | — | — | $0 | $0 | $47.0m | $47.0m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $33.7m | $19.8m | $52.0m | $42.2m | $30.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $1.5m | $3.7m | $4.6m | $5.3m | $5.5m |