Whitestone REIT (Whitestone REIT) Interest Expense : $-32.9 Mil (TTM As of Dec. 2023)

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What is Whitestone REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Whitestone REIT's interest expense for the three months ended in Dec. 2023 was $ -8.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32.9 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Whitestone REIT's Operating Income for the three months ended in Dec. 2023 was $ 12.2 Mil. Whitestone REIT's Interest Expense for the three months ended in Dec. 2023 was $ -8.3 Mil. Whitestone REIT's Interest Coverage for the quarter that ended in Dec. 2023 was 1.46. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Whitestone REIT Interest Expense Historical Data

The historical data trend for Whitestone REIT's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Whitestone REIT Interest Expense Chart

Whitestone REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-26.29

-25.77

-24.56

-27.19

-32.87

Whitestone REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.08	-7.90	-8.26	-8.40	-8.30

Whitestone REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.9 Mil.

Whitestone REIT (NYSE:WSR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Whitestone REIT's Interest Expense for the three months ended in Dec. 2023 was $-8.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $640.2 Mil.

Whitestone REIT's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.15	/	-8.303
	=	1.46

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Whitestone REIT interest coverage is 1.46, which is low.

Whitestone REIT (Whitestone REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Whitestone REIT (NYSE:WSR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2600 South Gessner, Suite 500, Houston, TX, USA, 77063

Website

https://www.whitestonereit.com

Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.

Executives

Julia Bruns Buthman	director	5414 BELMONT AVE., DALLAS TX 75206
Amy Shih-hua Feng	director	305 2ND AVENUE, APT 534, NEW YORK NY 10003
Christine J Mastandrea	officer: VP Strategy & Mkt Research	2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
Soklin Siv	officer: VP of Human Resources	4506 LAKE BARDWELL CT., RICHMOND TX 77406
John Scott Hogan	officer: Chief Financial Officer	2311 SUN SHADOW LN, SPRING TX 77386
Peter Tropoli	officer: General Counsel
Jeffrey Alan Jones	director	WHITESTONE REIT, 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
James C Mastandrea	director, officer: CHAIRMAN & CEO	1240 HURON ROAD SUITE 301, CLEVELAND OH 44115
David F. Taylor	director	WHITESTONE REIT, 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
Najeeb A Khan	director	PO BOX 1602, SOUTH BEND IN 46634
Nandita Berry	director	2600 SOUTH GESSNER, SUITE 500, HOUSTON TX 77063
Paul T Lambert	director
David K Holeman	officer: CHIEF FINANCIAL OFFICER	20 GREENWAY PLAZA, SUITE 600, HOUSTON TX 77046
John J Dee	officer: CHIEF OPERATING OFFICER
Kyle A Miller	officer: Vice President of Operations	2600 SOUTH GESSNER ROAD SUITE 500, HOUSTON TX 77063