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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Property revenues        
Rental revenues $ 18,785 $ 14,407 $ 52,426 $ 41,464
Other revenues 5,814 4,132 15,395 11,712
Total property revenues 24,599 18,539 67,821 53,176
Property expenses        
Property operation and maintenance 4,823 4,000 13,245 11,537
Real estate taxes 3,474 2,591 9,303 7,073
Total property expenses 8,297 6,591 22,548 18,610
Other expenses (income)        
General and administrative 5,687 4,212 15,170 10,751
Depreciation and amortization 5,149 3,924 14,388 11,587
Interest expense 3,740 2,762 10,664 7,525
Interest, dividend and other investment income (73) (31) (244) (71)
Total other expense 14,503 10,867 39,978 29,792
Income from continuing operations before loss on sale or disposal of assets and income taxes 1,799 1,081 5,295 4,774
Provision for income taxes (100) (72) (274) (208)
Loss on sale or disposal of assets (148) 0 (248) (111)
Income from continuing operations 1,551 1,009 4,773 4,455
Income from discontinued operations 44 112 3 378
Net income 1,595 1,121 4,776 4,833
Less: Net income attributable to noncontrolling interests 25 18 78 105
Net income attributable to Whitestone REIT $ 1,570 $ 1,103 $ 4,698 $ 4,728
Basic Earnings Per Share:        
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.05 $ 0.04 $ 0.18 $ 0.19
Income from discontinued operations attributable to Whitestone REIT (in dollars per share) 0.00 0.01 0.00 0.02
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) 0.05 0.05 0.18 0.21
Diluted Earnings Per Share:        
Income from continuing operations attributable to Whitestone REIT excluding amounts attributable to unvested restricted shares (in dollars per share) 0.05 0.04 0.17 0.19
Income from discontinued operations attributable to Whitestone REIT (in dollars per share) 0.00 0.01 0.00 0.02
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.05 $ 0.05 $ 0.17 $ 0.21
Weighted average number of common shares outstanding:        
Basic (in shares) 26,476 22,482 23,988 22,182
Diluted (in shares) 27,082 22,690 24,583 22,359
Distributions declared per common share / OP unit (in dollars per share) $ 0.2850 $ 0.2850 $ 0.8550 $ 0.8550
Consolidated Statements of Comprehensive Income        
Net income $ 1,595 $ 1,121 $ 4,776 $ 4,833
Other comprehensive gain (loss)        
Unrealized gain (loss) on cash flow hedging activities (184) 345 (460) 48
Unrealized gain (loss) on available-for-sale marketable securities (8) (56) (106) 49
Comprehensive income 1,403 1,410 4,210 4,930
Less: Comprehensive income attributable to noncontrolling interests 22 26 69 107
Comprehensive income attributable to Whitestone REIT $ 1,381 $ 1,384 $ 4,141 $ 4,823