Whitestone REIT
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $160.9M | $154.3M | $147.0M | $139.4M | $125.4M |
| Cost of revenue | — | — | — | — | $90.9M |
| Operating expenses | — | — | — | — | $24.3M |
| Interest expense | $33.7M | $34.0M | $32.9M | $27.2M | $24.6M |
| Pretax income | $51.0M | $37.9M | $23.1M | $36.0M | $10.2M |
| Income tax expense | $482,000 | $450,000 | $450,000 | $422,000 | $385,000 |
| Net income | $49.9M | $36.9M | $19.2M | $35.3M | $12.0M |
| Balance Sheet | |||||
| Cash and equivalents | $4.9M | $5.2M | $4.6M | $6.2M | $15.7M |
| Total assets | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B |
| Total liabilities | $707.4M | $690.8M | $693.6M | $678.3M | $703.1M |
| Total debt | $649.4M | $632.5M | $640.5M | $626.0M | $643.6M |
| Stockholders' equity | $458.1M | $438.2M | $413.7M | $418.4M | $392.8M |
| Cash Flow Statement | |||||
| Cash from operations | $50.8M | $58.2M | $47.6M | $44.4M | $47.0M |
| Depreciation and amortization | $35.9M | $34.9M | $33.0M | $31.7M | $28.9M |
| Stock-based compensation | $5.3M | $4.6M | $3.7M | $1.5M | $5.9M |
| Capital expenditure | $300,000 | $200,000 | $100,000 | $100,000 | $300,000 |
| Free cash flow | $50.5M | $58.0M | $47.5M | $44.3M | $46.7M |
| Dividends paid | $27.4M | $24.6M | $23.7M | $23.0M | $19.3M |
| Share repurchases | $2.3M | $2.6M | $525,000 | $537,000 | $691,000 |
Shares outstanding 51.4M · Free float 92.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.