Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104M | $126M | $120M | $119M | $118M | $125M | $139M | $147M | $154M | $161M |
| Revenue growth | — | 20.6% | -4.8% | -0.5% | -1.1% | 6.3% | 11.2% | 5.4% | 5.0% | 4.3% |
| Net income | $7.93M | $8.33M | $21.4M | $23.7M | $6.03M | $12.0M | $35.3M | $19.2M | $36.9M | $49.9M |
| Net margin | 7.6% | 6.6% | 17.9% | 19.9% | 5.1% | 9.6% | 25.3% | 13.1% | 23.9% | 31.0% |
| EPS (diluted) | $0.26 | $0.22 | $0.52 | $0.57 | $0.14 | $0.26 | $0.71 | $0.38 | $0.72 | $0.95 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40.6M | $41.4M | $39.6M | $47.7M | $42.8M | $47.0M | $44.4M | $47.6M | $58.2M | $50.8M |
| Capital expenditures | — | — | — | — | $0.00 | $300K | $100K | $100K | $200K | $300K |
| Free cash flow | — | — | — | — | $42.8M | $46.7M | $44.3M | $47.5M | $58.0M | $50.5M |
| Share buybacks | $3.95M | $4.34M | $1.96M | $776K | $2.08M | $691K | $537K | $525K | $2.64M | $2.27M |
| Dividends paid | $31.9M | $40.5M | $44.9M | $45.6M | $25.2M | $19.3M | $23.0M | $23.7M | $24.6M | $27.4M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.17M | $5.00M | $13.7M | $15.5M | $25.8M | $15.7M | $6.17M | $4.57M | $5.22M | $4.89M |
| Total assets | $855M | $1.07B | $1.03B | $1.06B | $1.05B | $1.10B | $1.10B | $1.11B | $1.13B | $1.17B |
| Total liabilities | $588M | $712M | $670M | $703M | $707M | $703M | $678M | $694M | $691M | $707M |
| Long-term debt | $544M | $659M | $618M | $645M | $644M | $644M | $626M | $641M | $633M | $649M |
| Shareholders' equity | $256M | $348M | $350M | $345M | $332M | $393M | $418M | $414M | $438M | $458M |
| Retained earnings | — | — | — | — | — | -$224M | -$212M | -$217M | -$206M | -$184M |
| Shares (wtd avg diluted) | 28.4M | 36.3M | 40.6M | 41.5M | 43.0M | 46.3M | 50.0M | 50.8M | 51.3M | 52.3M |
Every figure is extracted from Whitestone REIT’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.