XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Property revenues        
Rental revenues $ 11,812 $ 8,523 $ 22,813 $ 16,651
Other revenues 2,983 2,464 5,851 4,762
Total property revenues 14,795 10,987 28,664 21,413
Property expenses        
Property operation and maintenance 3,348 2,759 6,413 5,111
Real estate taxes 2,012 1,503 3,810 2,813
Total property expenses 5,360 4,262 10,223 7,924
Other expenses (income)        
General and administrative 2,516 1,863 4,960 3,504
Depreciation and amortization 3,260 2,290 6,333 4,573
Interest expense 2,613 2,107 5,062 4,080
Interest, dividend and other investment income (69) (83) (88) (153)
Total other expense 8,320 6,177 16,267 12,004
Income before loss on sale or disposal of assets and income taxes 1,115 548 2,174 1,485
Provision for income taxes (72) (70) (137) (135)
Loss on sale or disposal of assets (40) (16) (48) (28)
Net income 1,003 462 1,989 1,322
Less: Net income attributable to noncontrolling interests 33 31 70 98
Net income attributable to Whitestone REIT 970 431 1,919 1,224
Basic and Diluted Earnings Per Share:        
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 0.06 $ 0.04 $ 0.11 $ 0.10
Weighted average number of common shares outstanding:        
Basic (in shares) 16,891 11,746 16,855 11,685
Diluted (in shares) 17,111 11,754 17,073 11,696
Dividends declared per common share / OP unit (in dollars per share) $ 0.2850 $ 0.2850 $ 0.5700 $ 0.5700
Consolidated Statements of Comprehensive Income        
Net income 1,003 462 1,989 1,322
Other comprehensive gain (loss)        
Unrealized gain on cash flow hedging activities 761 0 493 0
Unrealized gain (loss) on available-for-sale marketable securities (88) 33 215 799
Comprehensive income 1,676 495 2,697 2,121
Less: Comprehensive income attributable to noncontrolling interests 57 30 95 157
Comprehensive income attributable to Whitestone REIT $ 1,619 $ 465 $ 2,602 $ 1,964