2024 Q2 Form 10-Q Financial Statement

#000143774924014401 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q1
Revenue $37.65M $37.16M $35.85M
YoY Change 3.26% 3.66% 5.06%
Cost Of Revenue $10.93M $10.59M $10.79M
YoY Change -6.33% -1.92% -48.72%
Gross Profit $26.72M $26.58M $25.06M
YoY Change 7.77% 6.07% 91.68%
Gross Profit Margin 70.98% 71.51% 69.89%
Selling, General & Admin $6.552M $6.180M $5.084M
YoY Change 26.61% 21.56% 66.74%
% of Gross Profit 24.52% 23.25% 20.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.542M $8.822M $7.846M
YoY Change 1.91% 12.44% -0.82%
% of Gross Profit 31.97% 33.19% 31.31%
Operating Expenses $15.07M $14.98M $12.93M
YoY Change 11.36% 15.85% 113.3%
Operating Profit $11.65M $11.60M $12.13M
YoY Change 3.45% -4.37% 73.0%
Interest Expense -$8.784M -$8.539M $7.903M
YoY Change -206.34% -208.05% 30.39%
% of Operating Profit -75.42% -73.63% 65.17%
Other Income/Expense, Net -$8.931M -$1.986M -$7.889M
YoY Change -754.29% -74.83% 30.14%
Pretax Income $2.716M $9.583M $4.238M
YoY Change -78.49% 126.12% -41.87%
Income Tax $90.00K $119.0K $119.0K
% Of Pretax Income 3.31% 1.24% 2.81%
Net Earnings $2.592M $9.340M $3.847M
YoY Change -77.07% 142.79% -45.65%
Net Earnings / Revenue 6.89% 25.13% 10.73%
Basic Earnings Per Share $0.05 $0.19 $0.08
Diluted Earnings Per Share $0.05 $0.18 $0.08
COMMON SHARES
Basic Shares Outstanding 49.96M 49.96M 49.42M
Diluted Shares Outstanding 51.12M 51.11M 50.16M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.231M $6.215M $3.479M
YoY Change 10.39% 78.64% -68.76%
Cash & Equivalents $3.231M $6.215M $3.479M
Short-Term Investments
Other Short-Term Assets $11.99M $11.19M $7.309M
YoY Change 1.16% 53.15% 118.83%
Inventory
Prepaid Expenses
Receivables $3.714M $2.950M $3.158M
Other Receivables $60.38M $61.27M $25.14M
Total Short-Term Assets $79.31M $81.63M $39.08M
YoY Change 83.42% 108.86% -0.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.029B $1.009B $997.6M
YoY Change 1.19% 1.1% -0.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00 $34.61M
YoY Change -100.0% -100.0% -0.75%
Other Assets $14.57M $14.20M $12.61M
YoY Change 12.25% 12.65% 46.95%
Total Long-Term Assets $1.061B $1.040B $1.055B
YoY Change -2.26% -1.4% -0.07%
TOTAL ASSETS
Total Short-Term Assets $79.31M $81.63M $39.08M
Total Long-Term Assets $1.061B $1.040B $1.055B
Total Assets $1.140B $1.122B $1.094B
YoY Change 1.02% 2.54% -0.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.15M $32.02M $28.20M
YoY Change 8.78% 13.55% -8.44%
Accrued Expenses $75.00K $112.0K $111.0K
YoY Change -23.47% 0.9% -47.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.24M $45.15M
YoY Change
Total Short-Term Liabilities $94.31M $48.72M $44.23M
YoY Change 102.5% 10.17% -4.48%
LONG-TERM LIABILITIES
Long-Term Debt $622.2M $645.7M $631.1M
YoY Change -4.38% 2.31% -1.98%
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $622.2M $645.7M $631.1M
YoY Change -4.38% 2.31% -1.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $94.31M $48.72M $44.23M
Total Long-Term Liabilities $622.2M $645.7M $631.1M
Total Liabilities $716.5M $700.0M $675.4M
YoY Change 2.75% 3.65% -2.15%
SHAREHOLDERS EQUITY
Retained Earnings -$217.4M -$213.8M -$214.5M
YoY Change 3.98% -0.3%
Common Stock $50.00K $50.00K $49.00K
YoY Change 0.0% 2.04% -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $418.3M $421.6M $412.6M
YoY Change
Total Liabilities & Shareholders Equity $1.140B $1.122B $1.094B
YoY Change 1.02% 2.54% -0.1%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income $2.592M $9.340M $3.847M
YoY Change -77.07% 142.79% -45.65%
Depreciation, Depletion And Amortization $8.542M $8.822M $7.846M
YoY Change 1.91% 12.44% -0.82%
Cash From Operating Activities $12.26M $11.52M $4.915M
YoY Change -27.02% 134.47% 0.0%
INVESTING ACTIVITIES
Capital Expenditures $28.44M $30.25M $3.529M
YoY Change -35.58% 757.04% -205.06%
Acquisitions
YoY Change
Other Investing Activities $0.00 $25.66M
YoY Change -100.0%
Cash From Investing Activities -$28.44M -$4.584M -$3.529M
YoY Change -7.36% 29.9% 5.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.20M -5.365M -$4.069M
YoY Change -0.61% 31.85% -34.52%
NET CHANGE
Cash From Operating Activities 12.26M 11.52M $4.915M
Cash From Investing Activities -28.44M -4.584M -$3.529M
Cash From Financing Activities 13.20M -5.365M -$4.069M
Net Change In Cash -2.984M 1.575M -$2.683M
YoY Change 378.97% -158.7% -42.4%
FREE CASH FLOW
Cash From Operating Activities $12.26M $11.52M $4.915M
Capital Expenditures $28.44M $30.25M $3.529M
Free Cash Flow -$16.18M -$18.72M $1.386M
YoY Change -40.83% -1450.72% -83.25%

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600000 usd
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324000 usd
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OperatingLeaseLeaseIncome
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CY2024Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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CY2024Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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1442000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
861000 usd
CY2024Q1 us-gaap Dividends
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5007000 usd
CY2024Q1 us-gaap Profit Loss
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9464000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
427263000 usd
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CY2023Q1 us-gaap Dividends
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 us-gaap Profit Loss
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9464000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
3901000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
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8800000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
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CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
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CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
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CY2024Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
6525000 usd
CY2023Q1 us-gaap Gain Loss On Disposition Of Assets
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CY2024Q1 us-gaap Provision For Doubtful Accounts
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CY2023Q1 us-gaap Provision For Doubtful Accounts
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324000 usd
CY2024Q1 us-gaap Share Based Compensation
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861000 usd
CY2023Q1 us-gaap Share Based Compensation
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CY2024Q1 us-gaap Income Loss From Equity Method Investments
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CY2023Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
22000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
29000 usd
CY2024Q1 us-gaap Increase Decrease In Deposits Outstanding
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CY2023Q1 us-gaap Increase Decrease In Deposits Outstanding
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CY2024Q1 us-gaap Increase Decrease In Accounts And Other Receivables
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1063000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2023Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
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CY2024Q1 us-gaap Increase Decrease In Deferred Charges
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817000 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Charges
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521000 usd
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2024Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2024Q1 us-gaap Increase Decrease In Due To Related Parties
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185000 usd
CY2023Q1 us-gaap Increase Decrease In Security Deposits
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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4915000 usd
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27204000 usd
CY2023Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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CY2024Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3041000 usd
CY2023Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
3529000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
25661000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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80000 usd
CY2023Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
83000 usd
CY2024Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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CY2023Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
9500000 usd
CY2024Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2023Q1 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1442000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5000 usd
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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6355000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6215000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3672000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
8160000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
7610000 usd
CY2024Q1 wstr Disposal Of Fully Depreciated Real Estate
DisposalOfFullyDepreciatedRealEstate
29000 usd
CY2023Q1 wstr Disposal Of Fully Depreciated Real Estate
DisposalOfFullyDepreciatedRealEstate
864000 usd
CY2024Q1 wstr Dollar Amount Of Insurance Premiums Financed During Reporting Period
DollarAmountOfInsurancePremiumsFinancedDuringReportingPeriod
2638000 usd
CY2023Q1 wstr Dollar Amount Of Insurance Premiums Financed During Reporting Period
DollarAmountOfInsurancePremiumsFinancedDuringReportingPeriod
3002000 usd
CY2024Q1 us-gaap Stock Issued1
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CY2023Q1 us-gaap Stock Issued1
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CY2024Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
5007000 usd
CY2023Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
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CY2024Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1962000 usd
CY2023Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2024Q1 wstr Receivable From Redemption Of Partnership
ReceivableFromRedemptionOfPartnership
31643000 usd
CY2023Q1 wstr Receivable From Redemption Of Partnership
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0 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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3479000 usd
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0 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
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193000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Use Of Estimates
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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"><i>Use of Estimates.</i>   The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that we use include the estimated fair values of properties acquired, the estimated useful lives for depreciable and amortizable assets and costs, the grant date fair value of common share units included in share-based compensation expense, the estimated allowance for doubtful accounts, the estimated fair value of interest rate swaps, the estimates supporting our impairment analysis for the carrying values of our real estate assets, and the estimates made regarding Pillarstone REIT Operating Partnership LP’s financial condition and results of operations.  Actual results could differ from those estimates. </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"></p>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt;"><i>Reclassifications.</i>  We have reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had <em style="font: inherit;">no</em> effect on net income, total assets, total liabilities or equity.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;"></p>
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RealEstateInventoryCapitalizedInterestCostsIncurred
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CY2024Q1 wstr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
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RealEstateInventoryCapitalizedInterestCostsIncurred
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CY2023Q1 wstr Real Estate Taxes Capitalized
RealEstateTaxesCapitalized
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AllocatedShareBasedCompensationExpense
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CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
829000 usd
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AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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600000 usd
CY2023Q1 us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
300000 usd
CY2024Q1 wstr Accounts Receivable Credit Loss Expense Reversal Number Of Tenants Covid19
AccountsReceivableCreditLossExpenseReversalNumberOfTenantsCovid19
19 pure
CY2024Q1 wstr Straight Line Rent Adjustments Covid19
StraightLineRentAdjustmentsCovid19
20000.00 usd
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AccountsReceivableCreditLossExpenseReversalCovid19
200000 usd
CY2023Q1 wstr Accounts Receivable Credit Loss Expense Reversal Number Of Tenants Covid19
AccountsReceivableCreditLossExpenseReversalNumberOfTenantsCovid19
71 pure
CY2023Q1 wstr Straight Line Rent Adjustments Covid19
StraightLineRentAdjustmentsCovid19
200000 usd
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AccountsReceivableCreditLossExpenseReversalCovid19
200000 usd
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88159000 usd
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60780000 usd
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LessorOperatingLeasePaymentsToBeReceivedFourYears
46937000 usd
CY2024Q1 wstr Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
136262000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
479988000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
46000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
42000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
63000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
64000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
65000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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2000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
66000 usd
CY2024Q1 wstr Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q1 wstr Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
2709000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
118000 usd
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3013000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6000 usd
CY2024Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2297000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
112000 usd
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
716000 usd
CY2024Q1 us-gaap Operating Lease Cost
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19000 usd
CY2023Q1 us-gaap Operating Lease Cost
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33000 usd
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FinanceLeaseRightOfUseAssetAmortization
22000 usd
CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
29000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M18D
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P98Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047 pure
CY2024Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.06 pure
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1168000 usd
CY2024Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
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CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
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CY2024Q1 wstr Tenant Receivables
TenantReceivables
16869000 usd
CY2023Q4 wstr Tenant Receivables
TenantReceivables
16287000 usd
CY2024Q1 wstr Accrued Rents And Other Recoveries
AccruedRentsAndOtherRecoveries
27126000 usd
CY2023Q4 wstr Accrued Rents And Other Recoveries
AccruedRentsAndOtherRecoveries
26751000 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13919000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13570000 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
31055000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
30592000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
20335000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
19462000 usd
CY2024Q1 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
335000 usd
CY2023Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
356000 usd
CY2024Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4205000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
4149000 usd
CY2024Q1 wstr Deferred Costs Gross
DeferredCostsGross
24875000 usd
CY2023Q4 wstr Deferred Costs Gross
DeferredCostsGross
23967000 usd
CY2024Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
9020000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
8744000 usd
CY2024Q1 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
262000 usd
CY2023Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
272000 usd
CY2024Q1 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1393000 usd
CY2024Q1 us-gaap Equity Method Investments
EquityMethodInvestments
0 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
31671000 usd
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9340000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3847000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49940000
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49424000
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1172000
CY2024Q1 wstr Equity Method Investment Difference Between Carrying Amount And Underlying Equity Amortization
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityAmortization
7000 usd
CY2023Q1 wstr Equity Method Investment Difference Between Carrying Amount And Underlying Equity Amortization
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquityAmortization
27000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
645317000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
640549000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
336000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
377000 usd
CY2024Q1 us-gaap Secured Debt
SecuredDebt
123110000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
45150000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
17596000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
186143000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
97143000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
282143000 usd
CY2024Q1 wstr Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
17142000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
645317000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
9464000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3901000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
124000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
54000 usd
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
736000
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51112000
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50160000
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2024Q1 wstr Applicable Tax Rate Used To Determine State Margin Tax
ApplicableTaxRateUsedToDetermineStateMarginTax
0.0075 pure
CY2024Q1 wstr Margin Tax Provision Recognized
MarginTaxProvisionRecognized
120000 usd
CY2023Q1 wstr Margin Tax Provision Recognized
MarginTaxProvisionRecognized
119000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 wstr Issuance And Sale Of Securities Maximum
IssuanceAndSaleOfSecuritiesMaximum
500000000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
210400
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
877000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
480184
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.3
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
231600
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1841000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
360334
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.61
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
519003
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
3442000 usd
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
936000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
829000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
24134
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
24134
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.44

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