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Statement of Income Statement (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Property revenues        
Rental revenues $ 6,657 $ 6,369 $ 13,279 $ 12,721
Other revenues 1,338 1,397 2,711 2,659
Total property revenues 7,995 7,766 15,990 15,380
Property expenses        
Property operation and maintenance 1,966 2,106 3,883 3,862
Real estate taxes 1,096 889 2,108 2,030
Total property expenses 3,062 2,995 5,991 5,892
Other expenses (income)        
General and administrative 1,778 1,272 3,242 2,472
Depreciation and amortization 1,961 1,745 3,936 3,465
Interest expense 1,445 1,402 2,847 2,809
Interest, dividend and other investment income (55) (5) (115) (12)
Total other expense 5,129 4,414 9,910 8,734
Income (loss) from continuing operations before loss on disposal of assets and income taxes (196) 357 89 754
Provision for income taxes (58) (102) (110) (155)
Loss on sale or disposal of assets 0 (8) (18) (41)
Income (loss) from continuing operations (254) 247 (39) 558
Income from discontinued operations 16 8 47 32
Net income (loss) (238) 255 8 590
Less: Net income (loss) attributable to noncontrolling interests (42) 89 1 207
Net income (loss) attributable to Whitestone REIT (196) 166 7 383
Earnings per share - basic        
Income (loss) from continuing operations attributable to Whitestone REIT excluding amount attributable to unvested restricted shares $ (0.03) $ 0.05 $ (0.01) $ 0.11
Income from discontinued operations attributable to Whitestone REIT $ 0.01 $ 0.00 $ 0.01 $ 0.00
amounts attributable to unvested restricted shares $ (0.02) $ 0.05 $ 0.00 $ 0.11
Earnings per share - diluted        
REIT excluding amount attributable to unvested restricted shares $ (0.03) $ 0.05 $ (0.01) $ 0.11
Income from discontinued operations attributable to Whitestone REIT $ 0.01 $ 0.00 $ 0.01 $ 0.00
Net income (loss) attributable to common shareholders excluding amounts attributable to unvested restricted shares $ (0.02) $ 0.05 $ 0.00 $ 0.11
Weighted average number of common shares outstanding:        
Basic 8,520 3,282 7,008 3,261
Diluted 8,520 3,300 7,008 3,300
Dividends declared per common share $ 0.285 $ 0.285 $ 0.57 $ 0.6225
Consolidated Statements of Comprehensive Income (Loss)        
Net income (loss) (238) 255 8 590
Unrealized loss on available-for-sale marketable securities (209) 0 (209) 0
Comprehensive income (loss) (447) 255 (201) 590
Less: Comprehensive income (loss) attributable to noncontrolling interests (78) 89 (41) 207
Comprehensive income (loss) attributable to Whitestone REIT $ (369) $ 166 $ (160) $ 383