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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Property revenues      
Rental revenues $ 48,862 $ 36,131 $ 27,814
Other revenues 13,283 10,423 7,101
Total property revenues 62,145 46,554 34,915
Property expenses      
Property operation and maintenance 14,743 11,255 8,659
Real estate taxes 8,767 6,384 4,668
Total property expenses 23,510 17,639 13,327
Other expenses (income)      
General and administrative 10,912 7,616 6,648
Depreciation and amortization 13,429 10,229 7,749
Executive relocation expense 0 2,177 0
Interest expense 10,150 8,732 6,344
Interest, dividend and other investment income (136) (290) (460)
Total other expense 34,355 28,464 20,281
Income before loss on sale or disposal of assets and income taxes 4,280 451 1,307
Provision for income taxes (305) (286) (225)
Loss on sale or disposal of assets (56) (112) (146)
Income before gain on sale of property 3,919 53 936
Gain on sale of property 0 0 397
Net income 3,919 53 1,333
Less: Net income attributable to noncontrolling interests 125 3 210
Net income attributable to Whitestone REIT 3,794 50 1,123
Basic Earnings Per Share:      
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.21 $ 0.00 $ 0.12
Diluted Earnings Per Share:      
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.20 $ 0.00 $ 0.12
Weighted average number of common shares outstanding:      
Basic (in shares) 18,027 13,496 9,028
Diluted (in shares) 18,273 13,613 9,042
Distributions declared per common share / OP unit (in dollars per share) $ 1.1400 $ 1.1400 $ 1.1400
Consolidated Statements of Comprehensive Income      
Net income 3,919 53 1,333
Other comprehensive gain (loss)      
Unrealized gain on cash flow hedging activities 173 1 0
Unrealized gain (loss) on available-for-sale marketable securities 180 920 (1,329)
Comprehensive income 4,272 974 4
Less: Comprehensive income attributable to noncontrolling interests 136 57 1
Comprehensive income attributable to Whitestone REIT $ 4,136 $ 917 $ 3