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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Rental   $ 29,299
Management, transaction, and other fees $ 661 486
Total revenues 29,694 29,785
Operating expenses    
Depreciation and amortization 6,464 6,274
Operating and maintenance 4,428 4,856
Real estate taxes 4,045 3,976
General and administrative [1] 6,002 6,327
Total operating expenses 20,939 21,433
Other expenses (income)    
Interest expense 6,533 5,973
Gain on sale of properties 0 (249)
Loss on sale or disposal of assets 2 180
Interest, dividend and other investment income (245) (257)
Total other expense 6,290 5,647
Income from operations before equity investments in real estate partnerships and income tax 2,465 2,705
Equity in earnings of real estate partnership 492 674
Provision for income tax (118) (110)
Net income 2,839 3,269
Less: Net income attributable to noncontrolling interests 65 88
Net income attributable to Whitestone REIT $ 2,774 $ 3,181
Basic Earnings Per Share:    
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.07 $ 0.08
Diluted Earnings Per Share:    
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share) $ 0.07 $ 0.08
Weighted average number of common shares outstanding:    
Basic (in shares) 39,649 39,066
Diluted (in shares) 40,626 40,088
Consolidated Statements of Comprehensive Income    
Net income $ 2,839 $ 3,269
Other comprehensive gain    
Unrealized gain (loss) on cash flow hedging activities (3,470) 2,645
Unrealized gain on available-for-sale marketable securities 0 18
Comprehensive income (loss) (631) 5,932
Less: Net income attributable to noncontrolling interests 65 88
Less: Comprehensive gain (loss) attributable to noncontrolling interests (80) 71
Comprehensive income (loss) attributable to Whitestone REIT (616) 5,773
Rental revenues (under Topic 842)    
Rental revenues 21,751  
Recoveries 7,554  
Bad debt (272)  
Total rental $ 29,033  
Rental revenues (under Topic 840)    
Rental revenues   21,672
Recoveries   7,627
Total rental   29,299
Bad debt (prior to adoption of Topic 842)   $ 446
[1] Bad debt (prior to adoption of Topic 842)