Whitestone REIT (WSR) 10-Q 1 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 30, 2024
Document Information [Line Items]
Entity Central Index Key	0001175535
Entity Registrant Name	Whitestone REIT
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-34855
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	76-0594970
Entity Address, Address Line One	2600 South Gessner, Suite 500
Entity Address, Postal Zip Code	77063
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
City Area Code	713
Local Phone Number	827-9595
Title of 12(b) Security	Common Shares of Beneficial Interest, par value $0.001 per share
Trading Symbol	WSR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		50,064,943

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Property		$ 1,258,799	$ 1,221,466
Accumulated depreciation		(240,535)	(229,767)
Total real estate assets		1,018,264	991,699
Investment in real estate partnership	[1],[2],[3]	0	31,671
Cash and cash equivalents		3,231	4,572
Restricted cash		0	68
Escrows and deposits		17,679	24,148
Accrued rents and accounts receivable, net of allowance for doubtful accounts		30,919	30,592
Unamortized lease commissions, legal fees and loan costs		14,566	13,783
Prepaid expenses and other assets(1)	[4]	12,065	4,765
Finance lease right-of-use assets		10,471	10,428
Total assets(1)		1,140,370	1,113,239
Liabilities:
Notes payable		665,667	640,172
Accounts payable and accrued expenses(2)	[5]	33,223	36,513
Tenants' security deposits		9,038	8,614
Dividends and distributions payable		6,228	6,025
Finance lease liabilities		797	721
Total liabilities		716,530	693,622
Commitments and contingencies:
Equity:
Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of June 30, 2024 and December 31, 2023		0	0
Common shares, $0.001 par value per share; 400,000,000 shares authorized; 50,064,267 and 49,610,831 issued and outstanding as of June 30, 2024 and December 31, 2023, respectively		50	50
Additional paid-in capital		627,459	628,079
Accumulated deficit		(217,401)	(216,963)
Accumulated other comprehensive income		8,152	2,576
Total Whitestone REIT shareholders' equity		418,260	413,742
Noncontrolling interest in subsidiary		5,580	5,875
Total equity		423,840	419,617
Total liabilities and equity(2)		1,140,370	1,113,239
(1) Operating lease right of use assets (net)		75	109
(2) Operating lease liabilities		75	112
Related Party [Member]
Receivable from partnership redemption		1,532	1,513
Other receivables		1,532	1,513
Related Parties [Member]
Liabilities:
Other liabilities		1,577	1,577
Partnership Redemption [Member ]
Receivable from partnership redemption		31,643	0
Other receivables		$ 31,643	$ 0
[1]On December 26, 2021, the Board of Trustees of Pillarstone REIT adopted a new shareholder rights agreement (the “Pillarstone Rights Agreement”). Because Pillarstone REIT sought to use the Pillarstone Rights Agreement to prevent Whitestone OP from exercising its contractual Redemption Right, on July 12, 2022, Whitestone OP filed suit against Pillarstone REIT in the Court of Chancery of the State of Delaware challenging the Pillarstone Rights Agreement. On September 8, 2022, Whitestone OP’s Motion to Preserve the Status Quo was granted by the Court, limiting Pillarstone OP from engaging in any acts outside the ordinary course of business and otherwise imposing restrictions on Pillarstone OP to ensure that Whitestone’s right of redemption is not impaired while the underlying dispute is being considered by the Court. On January 25, 2024, the Delaware Court of Chancery: held that Pillarstone breached the implied covenant of good faith and fair dealing when it adopted the Pillarstone Rights Agreement that thwarted Whitestone OP from exercising the unfettered contractual redemption right it obtained in connection with its investment in the partnership; and the Court held that the Rights Plan was unenforceable as to the limited partner and allowed Whitestone OP to exercise its redemption right; allowed Pillarstone to determine the current value of the Partnership’s assets; and, as necessary, later enter a monetary judgment against Pillarstone for the difference between the amount Whitestone would have received in or around December 2021 and the current value. On January 25, 2024, the Company exercised its notice of redemption for substantially all of its investment in Pillarstone OP. On March 4, 2024, Pillarstone REIT authorized and filed the Chapter 11 bankruptcy of itself, Pillarstone OP, and the remainder of its special purpose entities in the United States Bankruptcy Court for the Northern District of Texas. As of the date of this filing, Whitestone has not received consideration for its redemption of its equity investment in Pillarstone OP as required by the partnership agreement. We intend to pursue collection of amounts due from Pillarstone OP through all means, including further litigation if necessary and while we do not know the ultimate amount to be collected, we believe the amount will be in excess of the current carrying value of our equity investment in Pillarstone OP.[2]Representing eight property interests and 926,798 square feet of GLA, as of December 31, 2023. Subsequent to January 25, 2024, the Company ceased utilizing the equity method following the exercise of its notice of redemption for the majority of its investment in Pillarstone OP. We reclassified our investment in Pillarstone OP to a receivable on our balance sheet after estimating 25 days of our share of the equity investment income.[3]We rely on reporting provided to us by Pillarstone OP’s general partner for financial information regarding the Company’s investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.[4]Operating lease right of use assets (net) $ 129 $ 124[5]Operating lease liabilities $ 132 $ 129

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized (in shares)	400,000,000	400,000,000
Common stock, issued (in shares)	50,064,267	49,610,831
Common stock, outstanding (in shares)	50,064,267	49,610,831

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Rental(1)	$ 37,480	$ 36,241	$ 74,221	$ 71,738
Management, transaction, and other fees	167	219	590	573
Total revenues	37,647	36,460	74,811	72,311
Depreciation and amortization	8,521	8,360	17,321	16,206
Operating and maintenance	7,015	6,899	13,364	12,985
Real estate taxes	3,912	4,767	8,150	9,475
General and administrative	6,552	5,175	12,732	10,259
Total operating expenses	26,000	25,201	51,567	48,925
Other expenses (income)
Interest Expense, Nonoperating	8,788	8,260	17,307	16,163
Gain on sale of properties	75	(9,621)	(6,450)	(9,621)
Loss on disposal of assets	72	14	72	20
Interest, dividend and other investment income	(4)	(18)	(12)	(38)
Total other expenses (income)	8,931	(1,365)	10,917	6,524
Income before equity investment in real estate partnership and income tax	2,716	12,624	12,327	16,862
Deficit in earnings of real estate partnership	0	(1,034)	(28)	(1,252)
Provision for income tax	(90)	(125)	(209)	(244)
Net income	2,626	11,465	12,090	15,366
Less: Net income attributable to noncontrolling interests	34	159	158	213
Net income attributable to Whitestone REIT	$ 2,592	$ 11,306	$ 11,932	$ 15,153
Basic Earnings Per Share:
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)	$ 0.05	$ 0.23	$ 0.24	$ 0.31
Diluted Earnings Per Share:
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)	$ 0.05	$ 0.22	$ 0.23	$ 0.3
Weighted average number of common shares outstanding:
Basic (in shares)	49,960	49,426	49,951	49,425
Diluted (in shares)	51,120	50,259	51,116	50,262
Consolidated Statements of Comprehensive Income
Net income	$ 2,626	$ 11,465	$ 12,090	$ 15,366
Other comprehensive income
Amount Recognized as Comprehensive income	643	7,095	5,650	2,508
Comprehensive income	3,269	18,560	17,740	17,874
Less: Net income attributable to noncontrolling interests	34	159	158	213
Less: Comprehensive income attributable to noncontrolling interests	8	99	74	35
Comprehensive income attributable to Whitestone REIT	3,227	18,302	17,508	17,626
Rental revenues	27,372	26,519	54,236	52,259
Recoveries	10,194	9,955	20,671	20,036
Bad debt	(86)	(233)	(686)	(557)
Total rental	$ 37,480	$ 36,241	$ 74,221	$ 71,738

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	OP Units [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2022		49,423					695
Balance at Dec. 31, 2022		$ 49	$ 624,785	$ (212,366)	$ 5,980	$ 418,448		$ 6,006	$ 424,454
Issuance of shares under dividend reinvestment plan (in shares)		2					0
Issuance of shares under dividend reinvestment plan		$ 0	17	0	0	17		0	17
Share-based compensation		0	755		0	755		0	755
Distributions - per common share / OP unit		0	0	(5,931)	0	(5,931)			(6,014)
Distributions - per common share / OP unit								(83)
Amount Recognized as Comprehensive income		0	0	0	(4,523)	(4,523)		(64)	(4,587)
Net income		$ 0	0	3,847	0	3,847		54	3,901
Distributions - per common share / OP unit								(83)
Balance (in shares) at Mar. 31, 2023		49,425					695
Balance at Mar. 31, 2023		$ 49	625,557	(214,450)	1,457	412,613		5,913	418,526
Balance (in shares) at Dec. 31, 2022		49,423					695
Balance at Dec. 31, 2022		$ 49	624,785	(212,366)	5,980	418,448		6,006	424,454
Amount Recognized as Comprehensive income									2,508
Net income									15,366
Balance (in shares) at Jun. 30, 2023		49,520					694
Balance at Jun. 30, 2023		$ 50	626,022	(209,087)	8,453	425,438		6,074	431,512
Balance (in shares) at Mar. 31, 2023		49,425					695
Balance at Mar. 31, 2023		$ 49	625,557	(214,450)	1,457	412,613		5,913	418,526
Exchange of noncontrolling interest OP units for common shares (in shares)		1					(1)
Exchange of noncontrolling interest OP units for common shares		$ 1	10	0	0	11			0
Exchange of noncontrolling interest OP units for common shares								(11)
Issuance of shares under dividend reinvestment plan (in shares)		2					0
Issuance of shares under dividend reinvestment plan		$ 0	19	0	0	19		0	19
Repurchase of common shares (1) (in shares)		(30)					0
Repurchase of common shares (1)		$ 0	(289)	0	0	(289)		0	(289)
Share-based compensation (in shares)		122					0
Share-based compensation		$ 0	725	0	0	725		0	725
Distributions - per common share / OP unit		0	0	(5,943)	0	(5,943)			(6,029)
Distributions - per common share / OP unit								(86)
Amount Recognized as Comprehensive income		0	0	0	6,996	6,996		99	7,095
Net income		$ 0	0	11,306	0	11,306		159	11,465
Exchange of noncontrolling interest OP units for common shares								11
Distributions - per common share / OP unit								(86)
Balance (in shares) at Jun. 30, 2023		49,520					694
Balance at Jun. 30, 2023		$ 50	626,022	(209,087)	8,453	425,438		6,074	431,512
Balance (in shares) at Dec. 31, 2023		49,611					694
Balance at Dec. 31, 2023		$ 50	628,079	(216,963)	2,576	413,742		5,875	419,617
Exchange of noncontrolling interest OP units for common shares (in shares)		44					(44)
Exchange of noncontrolling interest OP units for common shares		$ 0	355	0	0	355			0
Exchange of noncontrolling interest OP units for common shares								(355)
Issuance of shares under dividend reinvestment plan (in shares)		2					0
Issuance of shares under dividend reinvestment plan		$ 0	23	0	0	23		0	23
Repurchase of common shares (1) (in shares)	[1]	(118)					0
Repurchase of common shares (1)	[1]	$ 0	(1,442)	0	0	(1,442)		0	(1,442)
Share-based compensation (in shares)		420					0
Share-based compensation		$ 0	861		0	861		0	861
Distributions - per common share / OP unit		0	0	(6,175)	0	(6,175)			(6,267)
Distributions - per common share / OP unit								(92)
Amount Recognized as Comprehensive income		0	0	0	4,941	4,941		66	5,007
Net income		$ 0	0	9,340	0	9,340		124	9,464
Exchange of noncontrolling interest OP units for common shares								355
Distributions - per common share / OP unit								(92)
Balance (in shares) at Mar. 31, 2024		49,959					650
Balance at Mar. 31, 2024		$ 50	627,876	(213,798)	7,517	421,645		5,618	427,263
Balance (in shares) at Dec. 31, 2023		49,611					694
Balance at Dec. 31, 2023		$ 50	628,079	(216,963)	2,576	413,742		5,875	419,617
Amount Recognized as Comprehensive income									5,650
Net income									12,090
Balance (in shares) at Jun. 30, 2024		50,064					650
Balance at Jun. 30, 2024		$ 50	627,459	(217,401)	8,152	418,260		5,580	423,840
Balance (in shares) at Mar. 31, 2024		49,959					650
Balance at Mar. 31, 2024		$ 50	627,876	(213,798)	7,517	421,645		5,618	427,263
Exchange of noncontrolling interest OP units for common shares (in shares)		0					0
Exchange of noncontrolling interest OP units for common shares		$ 0	0	0	0	0			0
Exchange of noncontrolling interest OP units for common shares								0
Issuance of shares under dividend reinvestment plan (in shares)		1					0
Issuance of shares under dividend reinvestment plan		$ 0	19	0	0	19		0	19
Repurchase of common shares (1) (in shares)		(90)					0
Repurchase of common shares (1)		$ 0	(1,199)	0	0	(1,199)		0	(1,199)
Share-based compensation (in shares)		194					0
Share-based compensation		$ 0	763	0	0	763		0	763
Distributions - per common share / OP unit		0	0	(6,195)	0	(6,195)			(6,275)
Distributions - per common share / OP unit								(80)
Amount Recognized as Comprehensive income		0	0	0	635	635		8	643
Net income		$ 0	0	2,592	0	2,592		34	2,626
Exchange of noncontrolling interest OP units for common shares								0
Distributions - per common share / OP unit								(80)
Balance (in shares) at Jun. 30, 2024		50,064					650
Balance at Jun. 30, 2024		$ 50	$ 627,459	$ (217,401)	$ 8,152	$ 418,260		$ 5,580	$ 423,840
[1]The Company acquired common shares held by employees who tendered owned common shares to satisfy the tax withholding on the lapse of certain restrictions on restricted common shares.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Distributions per common share (in dollars per share)	$ 0.1238	$ 0.12	$ 0.12	$ 0.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income		$ 12,090,000	$ 15,366,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		17,321,000	16,206,000
Amortization of deferred loan costs		534,000	550,000
Gain on sale of properties		(6,450,000)	(9,621,000)
Loss on disposal of assets		72,000	20,000
Bad debt		686,000	557,000
Share-based compensation		1,624,000	1,480,000
Deficit in earnings of real estate partnership		28,000	1,252,000
Amortization of right-of-use assets - finance leases		43,000	51,000
Changes in operating assets and liabilities:
Escrows and deposits		6,469,000	3,982,000
Accrued rents and accounts receivable		(1,013,000)	(2,014,000)
Receivable due from related party		(19,000)	(59,000)
Unamortized lease commissions, legal fees and loan costs		(1,768,000)	(1,894,000)
Prepaid expenses and other assets		999,000	1,430,000
Accounts payable and accrued expenses		(7,258,000)	(5,586,000)
Payable due to related party		0	16,000
Tenants' security deposits		424,000	(25,000)
Net cash provided by operating activities		23,782,000	21,711,000
Cash flows from investing activities:
Acquisitions of real estate		(50,136,000)	(25,455,000)
Additions to real estate		(8,548,000)	(8,771,000)
Proceeds from sales of properties		25,661,000	13,447,000
Reverse 1031 exchange		0	(13,447,000)
Net cash used in investing activities		(33,023,000)	(34,226,000)
Cash flows from financing activities:
Distributions paid to common shareholders		(12,131,000)	(11,826,000)
Distributions paid to OP unit holders		(160,000)	(166,000)
Net (payments) proceeds from credit facility		(11,000,000)	48,000,000
Repayments of notes payable		(21,777,000)	(26,504,000)
Proceeds from notes payable		56,340,000	0
Payment of loan origination costs		(789,000)	0
Repurchase of common shares		(2,641,000)	(289,000)
Payment of finance lease liability		(10,000)	(6,000)
Net cash provided by financing activities		7,832,000	9,209,000
Net decrease in cash, cash equivalents and restricted cash		(1,409,000)	(3,306,000)
Cash, cash equivalents and restricted cash at beginning of period		4,640,000	6,355,000
Cash, cash equivalents and restricted cash at end of period (1)	[1]	3,231,000	3,049,000
Supplemental disclosure of cash flow information:
Cash paid for interest		17,013,000	15,219,000
Cash paid for taxes		432,000	435,000
Non cash investing and financing activities:
Disposal of fully depreciated real estate		45,000	864,000
Financed insurance premiums		2,638,000	3,002,000
Value of shares issued under dividend reinvestment plan		42,000	36,000
Change in fair value of cash flow hedge		5,650,000	2,508,000
Accrued capital expenditures		1,629,000	0
Receivable from partnership redemption		31,643,000	0
Recognition of finance lease liability		86,000	0
Cash, cash equivalents and restricted cash
Cash and cash equivalents		3,231,000	2,927,000
Restricted cash		0	122,000
Total cash, cash equivalents and restricted cash		3,231,000	3,049,000
Conversion of OP Units to Common Stock [Member]
Non cash investing and financing activities:
Value of common shares exchanged for OP units		$ 354,000	$ 11,000
[1]For a reconciliation of cash, cash equivalents and restricted cash, see supplemental disclosures below.

Note 1 - Interim Financial Stat

Note 1 - Interim Financial Statements	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. INTERIM FINANCIAL STATEMENTS The consolidated financial statements included in this report are unaudited; however, amounts presented in the consolidated balance sheet as of December 31, 2023 June 30, 2024 10 The consolidated financial statements presented herein reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position of Whitestone and our subsidiaries as of June 30, 2024 December 31, 2023 three six June 30, 2024 2023 three six June 30, 2024 2023 six June 30, 2024 2023 not 10 December 31, 2023 Business August 20, 1998. July 2004, December 31, 1998 June 30, 2024 December 31, 2023 55 As of June 30, 2024 Consolidated Operating Portfolio • 51 wholly owned properties that meet our Community Centered Properties® strategy; and Redevelopment, New Acquisitions Portfolio • six Acquired properties are categorized in the new acquisitions portfolio until the earlier of 90% 18 As of June 30, 2024 no January 25, 2024, not not 2 10

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Consolidation. June 30, 2024 December 31, 2023 Noncontrolling interest in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us. Net income or loss is allocated to noncontrolling interests based on the weighted-average percentage ownership of the Operating Partnership during the period. Issuance of additional common shares of beneficial interest in Whitestone (the “common shares”) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one one Estimates regarding Pillarstone OP’s financial condition and results of operations. third June 30, 2024 December 31, 2023, not Equity Method. 2014 09 606” 610, Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets January 25, 2024, 6 Basis of Accounting. Use of Estimates. Reclassifications. no Restricted Cash. 2015, January 6, 2024 ( 7 January 2024. June 30, 2024, no Derivative Instruments and Hedging Activities. 2 820, Fair Value Measurements and Disclosures. 2 not June 30, 2024 Development Properties. L three June 30, 2024 six June 30, 2024 three June 30, 2023 six June 30, 2023 Share-Based Compensation. may 2018 “2018 three June 30, 2024 2023 six June 30, 2024 2023, Noncontrolling Interests. not Accrued Rents and Accounts Receivable. n not June 30, 2024 December 31, 2023 three June 30, 2024 2023 , we recorded an adjustment to rental revenue for bad debt, exclusive of straight-line rent reserve adjustments, resulting in a and $0.2 million decrease in revenue, respectively, six June 30, 2024 2023, three June 30, 2024 three June 30, 2023 six June 30, 2024 six June 30, 2023 Revenue Recognition. Rental third Other property income primarily includes amounts recorded in connection with lease termination fees. We recognize lease termination fees in the year that the lease is terminated and collection of the fee is probable. Amounts recorded within other property income are accounted for at the point in time when control of the goods or services transfers to the customer and our performance obligation is satisfied. See our Annual Report on Form 10 December 31, 2023

Note 3 - Leases

Note 3 - Leases	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Lessee and Lessor, Operating Leases [Text Block]	3. LEASES As a Lessor. Rental A summary of minimum future rents to be received (exclusive of renewals, tenant reimbursements, contingent rents, and collectability adjustments under Topic 842 June 30, 2024 Years Ended December 31, Minimum Future Rents 2024 (remaining) $ 51,391 2025 94,894 2026 80,733 2027 67,559 2028 53,404 Thereafter 153,099 Total $ 501,080 As a Lessee. one five June 30, 2024 one one The following table summarizes the fixed, future minimum rental payments, excluding variable costs, which are discounted by our weighted average incremental borrowing rates to calculate the lease liabilities for our operating leases in which we are the lessee (in thousands): Years Ended December 31, Operating Leases Finance Lease 2024 (remaining) $ 18 $ 41 2025 30 82 2026 24 83 2027 7 85 2028 1 86 Thereafter — 2,723 Total undiscounted rental payments 80 3,100 Less imputed interest 5 2,303 Total lease liabilities $ 75 $ 797 For the three June 30, 2024 2023 six June 30, 2024 2023, The weighted average remaining lease term for our operating leases and our finance lease was 2.2 and 94 June 30, 2024 not 6.1% June 30, 2024

Note 4 - Accrued Rents and Acco

Note 4 - Accrued Rents and Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Accrued rents and accounts receivable, net consists of amounts accrued, billed and due from tenants, allowance for doubtful accounts and other receivables as follows (in thousands): June 30, 2024 December 31, 2023 Tenant receivables $ 17,758 $ 16,287 Accrued rents and other recoveries 26,343 26,751 Allowance for doubtful accounts (14,044 ) (13,570 ) Other receivables 862 1,124 Total $ 30,919 $ 30,592

Note 5 - Unamortized Lease Comm

Note 5 - Unamortized Lease Commissions, Legal Fees and Loan Costs	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Unamortized Lease Commissions and Loan Costs [Text Block]	5. Costs which have been deferred consist of the following (in thousands): June 30, 2024 December 31, 2023 Leasing commissions $ 21,511 $ 19,462 Deferred legal cost 305 356 Deferred financing cost 4,149 4,149 Total cost 25,965 23,967 Less: leasing commissions accumulated amortization (9,515 ) (8,744 ) Less: deferred legal cost accumulated amortization (266 ) (272 ) Less: deferred financing cost accumulated amortization (1,618 ) (1,168 ) Total cost, net of accumulated amortization $ 14,566 $ 13,783

Note 6 - Investment in Real Est

Note 6 - Investment in Real Estate Partnership	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	6. On December 8, 2016, four not 1 2 June 30, 2024 no January 25, 2024, not not 2 10 In connection with the Contribution, Whitestone TRS, Inc., a subsidiary of the Company (“Whitestone TRS”), entered into a management agreement with the entities that own the contributed Pillarstone Properties (collectively, the “Management Agreements”). Pursuant to the Management Agreements, Whitestone TRS agreed to provide certain property management, leasing and day-to-day advisory and administrative services. The Management Agreements were terminated on August 18, 2022. The table below presents the real estate partnership investment in which the Company holds an ownership interest (in thousands): Company’s Investment as of June 30, 2024 December 31, 2023 Real estate partnership Ownership Interest Pillarstone OP 81.4% $ — $ 31,671 Total real estate partnership(1)(2)(3) $ — $ 31,671 ( 1 Representing eight December 31, 2023. January 25, 2024, 25 ( 2 On December 26, 2021, July 12, 2022, September 8, 2022, not January 25, 2024, December 2021 January 25, 2024, March 4, 2024, 11 not not ( 3 We rely on reporting provided to us by Pillarstone OP’s general partner for financial information regarding the Company’s investment in Pillarstone OP. Because Pillarstone OP financial statements as of December 31, 2023 not The table below presents the Company’s share of net loss from its investment in the real estate partnership which is included in deficit in earnings of real estate partnership, net on the Company’s consolidated statements of operations and comprehensive income (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Pillarstone OP $ — $ (1,034 ) $ (28 ) $ (1,252 ) Summarized financial information for the Company’s investment in real estate partnership is as follows (in thousands): June 30, 2024 December 31, 2023 Assets: Real estate, net $ — $ 47,115 Other assets — 6,680 Total assets (1) — 53,795 Liabilities and equity: Notes payable — 14,292 Other liabilities — 4,040 Equity — 35,463 Total liabilities and equity (2) — 53,795 Company’s share of equity — 28,885 Cost of investment in excess of the Company’s share of underlying net book value — 2,786 Carrying value of investment in real estate partnership (3) $ — $ 31,671 ( 1 We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of December 31, 2023 not ( 2 We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of December 31, 2023 not ( 3 We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of December 31, 2023 not Three Months Ended June 30, Six Months Ended June 30, 2024 2023 01/01/2024-01/25/2024 (2) 2023 Revenues $ — $ 2,152 $ 591 $ 4,155 Operating expenses — (3,180 ) (559 ) (5,212 ) Other expenses — (208 ) (56 ) (414 ) Net loss $ — $ (1,236 ) $ (24 ) $ (1,471 ) ( 1 We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company’s investment in Pillarstone OP. Because Pillarstone OP financial statements for the three six June 30, 2024 June 30, 2023 not ( 2 The estimated net loss and its components are calculated through January 25, 2024, The amortization of the basis difference between the cost of investment and the Company’s share of underlying net book value for the three June 30, 2024 2023 six June 30, 2024 2023 The Company has evaluated its guarantee to Pillarstone OP pursuant to ASC 460, Guarantees, 460 two 3 820 seven three June 30, 2024 2023 six June 30, 2024 2023, Estimates regarding Pillarstone OP's guarantee October 4, 2023, On December 1, 2023, December 4, 2023, The DPO Amount included a compromise settlement of approximately $1,688,000 for the disputed default interest and other fees. On December 1, 2023, 11 On January 25, 2024, On February 9, 2024, On March 4, 2024, 11 not On April 24, 2024, June 10, 2024, not April 10, 2024 The Company does not not Accounting treatment of the redemption of our OP units in Pillarstone OP January 25, 2024, The carrying value of our investment in Pillarstone OP was approximately $31.6 million as of January 25, 2024. Subsequently, we reclassified our investment in Pillarstone OP to a receivable on our balance sheet after estimating 25 Any gains will be recognized once the proceeds received exceed our receivable. This is within the scope of ASC 326, Financial Instruments - Credit Losses. zero zero 326.

Note 7 - Debt

Note 7 - Debt	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	7. Certain subsidiaries of Whitestone are the borrowers under various financing arrangements. These subsidiaries are separate legal entities, and their respective assets and credit are not Debt consisted of the following as of the dates indicated (in thousands): Description June 30, 2024 December 31, 2023 Fixed rate notes $ 265.0 3.18 1.45 2.10 January 31, 2028 (1) $ 265,000 $ 265,000 $ 80.0 3.72 June 1, 2027 80,000 80,000 $ 19.0 4.15 December 1, 2024 17,475 17,658 $ 14.0 4.34 September 11, 2024 12,282 12,427 $ 14.3 4.34 September 11, 2024 13,121 13,257 $ 15.1 4.99 January 6, 2024 — 13,350 $ 50.0 5.09 March 22, 2029 35,714 42,857 $ 50.0 5.17 March 22, 2029 50,000 50,000 $ 2.5 7.79 February 28, 2025 1,817 — $ 50.0 3.71 1.50 2.10 September 16, 2026 50,000 50,000 $ 56.3 6.23 July 31, 2031 56,340 — Floating rate notes Unsecured line of credit, SOFR 1.50 2.10 September 16, 2026 85,000 96,000 Total notes payable principal 666,749 640,549 Less deferred financing costs, net of accumulated amortization (1,082 ) (377 ) Total notes payable $ 665,667 $ 640,172 ( 1 Promissory note includes an interest rate swap that fixes the SOFR portion of the term loan at an interest rate of 2.16% through October 28, 2022, October 29, 2022 January 31, 2024, February 1, 2024 January 31, 2028. ( 2 A portion of the unsecured line of credit includes an interest rate swap to fix the SOFR portion of the loan at 3.71%. On June 21, 2024, The Loan provides for a fixed interest rate of 6.23% per annum. Payments commence on August 1, 2024, first July 1, 2031, first 36 30 August 1, 2027. may not not fifteen 15 No six The Loan is a non-recourse loan secured by three The loan documents contain customary terms and conditions, including without limitation affirmative and negative covenants such as information reporting and insurance requirements. The loan documents also contain customary events of default, including defaults in the payment of principal or interest, defaults in compliance with the covenants, and bankruptcy or other insolvency events. Upon the occurrence of an event of default, the Lender is entitled to accelerate all obligations of the Borrower. The Lender will also be entitled to receive the entire unpaid principal balance at a default rate. The Loan proceeds will be used to pay down the Borrower’s existing floating rate indebtedness. On March 22, 2019, March 22, 2029 ( March 22, 2029 ( March 22, 2019 ( On December 16, 2022, March 22, 2019 ( No. 1 December 16, 2022 ( Neither the term of the Existing Note Agreement, the interest rate, nor the principal amounts, were amended. The purpose of the amendment is to conform certain covenants and defined terms contained in the Amended Note Agreement with the Company’s recently amended unsecured credit facility with the lenders party thereto, Bank of Montreal, as administrative agent, Truist Bank, as syndication agent, and BMO Capital Markets Corp., Truist Bank, Capital One, National Association, and U.S. Bank National Association, as co-lead arrangers and joint book runners. The principal of the Series A Notes began to amortize on March 22, 2023 March 22, 2025 22nd March, June, September December The Operating Partnership may not The Note Agreement contains representations, warranties, covenants, terms and conditions customary for transactions of this type and substantially similar to the Operating Partnership’s existing senior revolving credit facility, including limitations on liens, incurrence of investments, acquisitions, loans and advances and restrictions on dividends and certain other restricted payments. In addition, the Note Agreement contains certain financial covenants substantially similar to the Operating Partnership’s existing senior revolving credit facility, including the following: • maximum total indebtedness to total asset value ratio of 0.60 to 1.00; • maximum secured debt to total asset value ratio of 0.40 to 1.00; • minimum EBITDA (earnings before interest, taxes, depreciation, amortization or extraordinary items) to fixed charges ratio of 1.50 to 1.00; • maximum secured recourse debt to total asset value ratio of 0.15 to 1.00; • maintenance of a minimum tangible net worth (adjusted for accumulated depreciation and amortization) of 75% of the Company's total net worth as of December 31, 2021 • minimum adjusted property NOI to implied unencumbered debt service ratio of 1.50 to 1.00. In addition, the Note Agreement contains a financial covenant requiring that maximum unsecured indebtedness not 1.00. The Note Agreement also contains default provisions, including defaults for non-payment, breach of representations and warranties, insolvency, non-performance of covenants, cross-defaults with other indebtedness and guarantor defaults. The occurrence of an event of default under the Note Agreement could result in the Purchasers accelerating the payment of all obligations under the Notes. The financial and restrictive covenants and default provisions in the Note Agreement are substantially similar to those contained in the Operating Partnership’s existing credit facility. Net proceeds from the Private Placement were used to refinance existing indebtedness. The Notes have not not 1933, may not 4 2 On September 16, 2022, “2022 2022 January 31, 2019 ( “2019 The 2022 two • $250.0 million unsecured revolving credit facility with a maturity date of September 16, 2026 “2022 • $265.0 million unsecured term loan with a maturity date of January 31, 2028 ( Borrowings under the 2022 June 30, 2024 2022 • 2.16% plus 1.55% through October 28, 2022 • 2.80% plus 1.55% from October 29, 2022 January 31, 2024 • 3.42% plus 1.55% from February 1, 2024 January 31, 2028 The 2022 one two 2 The 2022 June 30, 2024 , subject to any potential future paydowns or increases in the borrowing base, we hav illion remaining availability under the 2022 June 30, 2024 , $400.0 million was drawn on the 2022 llion, assuming that we use the proceeds of the 2022 The Company, each direct and indirect material subsidiary of the Operating Partnership and any other subsidiary of the Operating Partnership that is a guarantor under any unsecured ratable debt will serve as a guarantor for funds borrowed by the Operating Partnership under the 2022 2022 2022 • maximum total indebtedness to total asset value ratio of 0.60 to 1.00; • maximum secured debt to total asset value ratio of 0.40 to 1.00; • minimum EBITDA (earnings before interest, taxes, depreciation, amortization or extraordinary items) to fixed charges ratio of 1.50 to 1.00; • maximum other recourse debt to total asset value ratio of 0.15 to 1.00; • maintenance of a minimum tangible net worth (adjusted for accumulated depreciation and amortization) of $449 million plus 75% of the net proceeds from additional equity offerings (as defined therein). As of June 30, 2024 seven June 30, 2024 Scheduled maturities of our outstanding debt as of June 30, 2024 Year Amount Due 2024 (remaining) $ 44,241 2025 17,596 2026 152,143 2027 97,414 2028 282,823 Thereafter 72,532 Total $ 666,749

Note 8 - Derivatives and Hedgin

Note 8 - Derivatives and Hedging Activities	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. DERIVATIVES AND HEDGING ACTIVITIES The fair value of our interest rate swaps is as follows (in thousands): June 30, 2024 Balance Sheet Location Estimated Fair Value Prepaid expenses and other assets $ 8,264 December 31, 2023 Balance Sheet Location Estimated Fair Value Prepaid expenses and other assets $ 2,613 On March 31, 2023, SOFR March 31, 2023 September 16, 2026. not 12 On September 16, 2022, 2022 October 29, 2022, February 1, 2024, January 31, 2028. 7 2022 not 12 On January 31, 2019, 2019 September 7, 2022, 7 2019 February 8, 2021 January 31, 2024. September 16, 2022, A summary of our interest rate swap activity is as follows (in thousands): Amount Recognized as Comprehensive Income (Loss) Location of Income Recognized in Earnings Amount of Income Recognized in Earnings (1) Three Months Ended June 30, 2024 $ 643 Interest expense $ 1,549 Three Months Ended June 30, 2023 $ 7,095 Interest expense $ 1,701 Six Months Ended June 30, 2024 $ 5,650 Interest expense $ 3,248 Six Months Ended June 30, 2023 $ 2,508 Interest expense $ 2,904 ( 1 There was no ineffective portion of our interest rate swaps to recognize in earnings for the three six June 30, 2024 2023

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	9. EARNINGS PER SHARE Basic earnings per share for our common shareholders is calculated by dividing net income excluding the net income attributable to unvested restricted common shares and the net income attributable to noncontrolling interests, by our weighted average common shares outstanding during the period. Diluted earnings per share is computed by dividing the net income attributable to common shareholders, excluding the net income attributable to unvested restricted common shares and the net income attributable to noncontrolling interests, by the weighted average number of common shares including any dilutive unvested restricted common shares. Certain of our performance-based restricted common shares are considered participating securities that require the use of the two three June 30, 2024 2023, six June 30, 2024 2023, Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2024 2023 2024 2023 Numerator: Net income $ 2,626 $ 11,465 $ 12,090 $ 15,366 Less: Net income attributable to noncontrolling interests (34 ) (159 ) (158 ) (213 ) Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 2,592 $ 11,306 $ 11,932 $ 15,153 Denominator: Weighted average number of common shares - basic 49,960 49,426 49,951 49,425 Effect of dilutive securities: Unvested restricted shares 1,160 833 1,165 837 Weighted average number of common shares - dilutive 51,120 50,259 51,116 50,262 Earnings Per Share: Basic: Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 0.05 $ 0.23 $ 0.24 $ 0.31 Diluted: Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 0.05 $ 0.22 $ 0.23 $ 0.30

Note 10 - Income Taxes

Note 10 - Income Taxes	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	10. With the exception of our taxable REIT subsidiaries, federal income taxes are generally not 1986, 90% We are subject to the Texas Margin Tax, which is computed by applying the applicable tax rate (0.75% for us) to the profit margin, which generally will be determined for us as total revenue less a 30% not 740, Income Taxes three June 30, 2024 2023 six June 30, 2024 2023,

Note 11 - Equity

Note 11 - Equity	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Equity [Text Block]	11. EQUITY Common Shares Under our declaration of trust, as amended, we have authority to issue up to 400,000,000 common shares of beneficial interest, $0.001 par value per share, and up to 50,000,000 preferred shares of beneficial interest, $0.001 par value per share. Equity Offerings On May 20, 2022, 3 On September 9, 2022, eleven “2022 3 No. 333 264881 415 no 2022 2022 We have in the past, and expect to in the future, enter into at-the-market equity distribution programs providing for the issuance and sale of common shares. Actual sales will depend on a variety of factors determined by us from time to time, including (among others) market conditions, the trading price of our common shares, capital needs and our determinations of the appropriate sources of funding for us, and were made in transactions that will be deemed to be “at-the-market” offerings as defined in Rule 415 1933, three six June 30, 2024 2023, not Operating Partnership Units Substantially all of our business is conducted through our Operating Partnership. We are the sole general partner of the Operating Partnership. As of June 30, 2024 Limited partners in the Operating Partnership holding OP units have the right to redeem their OP units for cash or, at our option, common shares at a ratio of one one June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 third three June 30, 2024 2023 six June 30, 2024 2023 three June 30, 2024 2023 d 864 OP units, respectively, were redeemed for an equal number of common shares, six June 30, 2024 2023, Distributions The following table summarizes the cash distributions paid or payable to holders of common shares and to holders of noncontrolling OP units during each quarter of 2023 six June 30, 2024 Common Shares Noncontrolling OP Unit Holders Total Quarter Paid Distributions Per Common Share Amount Paid Distributions Per OP Unit Amount Paid Amount Paid 2024 Second Quarter $ 0.1238 $ 6,162 $ 0.1238 $ 80 $ 6,242 First Quarter 0.1200 5,969 0.1200 80 6,049 Total $ 0.2438 $ 12,131 $ 0.2438 $ 160 $ 12,291 2023 Fourth Quarter $ 0.1200 $ 5,930 $ 0.1200 $ 83 $ 6,013 Third Quarter 0.1200 5,928 0.1200 83 6,011 Second Quarter 0.1200 5,913 0.1200 83 5,996 First Quarter 0.1200 5,913 0.1200 83 5,996 Total $ 0.4800 $ 23,684 $ 0.4800 $ 332 $ 24,016

Note 12 - Incentive Share Plan

Note 12 - Incentive Share Plan	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	12. INCENTIVE SHARE PLAN The Company’s 2008 “2008 July 2018. May 11, 2017, 2018 “2018 2018 2018 2018 July 30, 2018, 2008 The Compensation Committee administered the 2008 2018 2008 2018 September 6, 2017, 2008 2008 September 30, 2024 ( not September 30, 2024, September 30, 2024 no June 30, 2024 On June 30, 2021, 2018 three June 30, 2021 December 31, 2023. three three June 30, 2021 not 2018 January 1, 2024, June 30, 2021 On September 30, 2021, 2018 three On March 28, 2022, 2018 three June 30, 2022 December 31, 2024. three three O n March 7, 2023, 2018 three June 30, 2023 December 31, 2025. three three O n March 4, 2024, 2018 three June 30, 2024 December 31, 2026. three three A summary of the share-based incentive plan activity as of and for the six June 30, 2024 Weighted Average Grant Date Shares Fair Value Non-vested at January 1, 2023 1,452,433 $ 10.12 Granted 372,583 13.84 Vested (404,171 ) 6.30 Forfeited (15,311 ) 10.18 Non-vested at June 30, 2024 1,405,534 12.20 Available for grant at June 30, 2024 764,479 A summary of our non-vested and vested shares activity for the six June 30, 2024 December 31, 2023 2022 Shares Granted Shares Vested Non-Vested Shares Issued Weighted Average Grant-Date Fair Value Vested Shares Total Vest-Date Fair Value (in thousands) Six Months Ended June 30, 2024 372,583 $ 13.84 (404,171 ) $ 2,546 Year Ended December 31, 2023 480,184 $ 9.30 (231,600 ) $ 1,841 Year Ended December 31, 2022 360,334 $ 11.61 (519,003 ) $ 3,442 Total compensation recognized in earnings for share-based payments was and $800,000 for the three June 30, 2024 2023 , respectively, and $ six June 30, 2024 2023 Based on our current financial projections, we expect approximately 100% of the unvested awards, exclusive of 455,000 CIC Units, to vest over the next 36 June 30, 2024 30 36 July 1, 2024. We expect to record approxima tely $4.5 million in non-cash share-based compensation expense in 2024 2024. 27 June 30, 2024 ent of 200%, 200%, and 200% for the shares issued in 2022, 2023, 2024, September 30, 2024

Note 13 - Grants to Trustees

Note 13 - Grants to Trustees	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Trustee Incentive Shares [Text Block]	13. On December 20, 2023, five one December 31, 2023

Note 14 - Segment Information

Note 14 - Segment Information	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	14. Historically, our management has not not

Note 15 - Real Estate

Note 15 - Real Estate	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Real Estate Disclosure [Text Block]	15. Property Acquisitions. On April 5, 2024, On April 1, 2024, On February 20, 2024, On June 12, 2023, Property dispositions. On March 27, 2024, not not On December 20, 2023, not not On June 30, 2023, not not On June 30, 2023, not not

Note 16 - Related Party Transac

Note 16 - Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	16. RELATED PARTY TRANSACTIONS Former Executives, Trustee, and Their Ownership Interests in Pillarstone REIT January 18, 2022, 13d 3 1 1934, April 18, 2022. February 9, 2022, 13d 3 1 May 12, 2023, Pillarstone OP August 18, 2022. The Company previously accounted for its investment in Pillarstone OP using the equity method. However, subsequent to January 25, 2024, The following table presents the revenue and expenses with Pillarstone OP included in our consolidated statements of operations and comprehensive income for the three six June 30, 2024 2023 Three Months Ended June 30, Six Months Ended June 30, Location of Revenue (Expense) 2024 2023 2024 2023 Rent Operating and maintenance $ — $ — $ — $ (15 ) Property management fee income Management, transaction, and other fees $ — $ — $ — $ —

Note 17 - Commitments and Conti

Note 17 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	17. COMMITMENTS AND CONTINGENCIES Guarantor for Pillarstone OP ’ s Loan The Company had a limited guarantee on Pillarstone OP’s loan for its Uptown Tower property located in Dallas, Texas, with an aggregate principal amount of $14.4 million as of September 30, 2023. October 4, 2023, October 24, 2023, December 5, 2023. On December 1, 2023, December 4, 2023, 4th 2023 December 4, 2023, On December 1, 2023, 11 January 25, 2024, February 9, 2024, March 4, 2024, 11 On April 24, 2024, June 10, 2024, not April 10, 2024 $13,632,764.25 Litigation between the Company and Pillarstone REIT On September 16, 2022, November 25, 2022, not not Former COO Litigation On May 9, 2023, not not Former CEO Litigation On February 23, 2022, September 12, 2022, On December 6, 2023, 215th Pillarstone Rights Plan On December 26, 2021, July 12, 2022, On September 8, 2022, not On January 25, 2024, December 2021 On January 25, 2024, On March 4, 2024, 11 As of the date of this filing, Whitestone has not not We are subject to various legal proceedings and claims that arise in the ordinary course of business. These matters are generally covered by insurance. While the resolution of these matters cannot be predicted with certainty, management believes the final outcome of such matters will not

Note 18 - Subsequent Events

Note 18 - Subsequent Events	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	18. SUBSEQUENT EVENTS None.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		5. During the three June 30, 2024, no 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Consolidation. June 30, 2024 December 31, 2023 Noncontrolling interest in the accompanying consolidated financial statements represents the share of equity and earnings of the Operating Partnership allocable to holders of partnership interests other than us. Net income or loss is allocated to noncontrolling interests based on the weighted-average percentage ownership of the Operating Partnership during the period. Issuance of additional common shares of beneficial interest in Whitestone (the “common shares”) and units of limited partnership interest in the Operating Partnership that are convertible into cash or, at our option, common shares on a one one
Equity Method Investments [Policy Text Block]	Estimates regarding Pillarstone OP’s financial condition and results of operations. third June 30, 2024 December 31, 2023, not Equity Method. 2014 09 606” 610, Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets January 25, 2024, 6
Basis of Accounting, Policy [Policy Text Block]	Basis of Accounting.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications. no
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash. 2015, January 6, 2024 ( 7 January 2024. June 30, 2024, no
Derivatives, Policy [Policy Text Block]	Derivative Instruments and Hedging Activities. 2 820, Fair Value Measurements and Disclosures. 2 not June 30, 2024
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Development Properties. L three June 30, 2024 six June 30, 2024 three June 30, 2023 six June 30, 2023
Share-Based Payment Arrangement [Policy Text Block]	Share-Based Compensation. may 2018 “2018 three June 30, 2024 2023 six June 30, 2024 2023,
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Noncontrolling Interests. not
Receivable [Policy Text Block]	Accrued Rents and Accounts Receivable. n not June 30, 2024 December 31, 2023 three June 30, 2024 2023 , we recorded an adjustment to rental revenue for bad debt, exclusive of straight-line rent reserve adjustments, resulting in a and $0.2 million decrease in revenue, respectively, six June 30, 2024 2023, three June 30, 2024 three June 30, 2023 six June 30, 2024 six June 30, 2023
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition. Rental third Other property income primarily includes amounts recorded in connection with lease termination fees. We recognize lease termination fees in the year that the lease is terminated and collection of the fee is probable. Amounts recorded within other property income are accounted for at the point in time when control of the goods or services transfers to the customer and our performance obligation is satisfied. See our Annual Report on Form 10 December 31, 2023

Note 3 - Leases (Tables)

Note 3 - Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	Years Ended December 31, Minimum Future Rents 2024 (remaining) $ 51,391 2025 94,894 2026 80,733 2027 67,559 2028 53,404 Thereafter 153,099 Total $ 501,080
Lessee, Lease, Liability, Maturity [Table Text Block]	Years Ended December 31, Operating Leases Finance Lease 2024 (remaining) $ 18 $ 41 2025 30 82 2026 24 83 2027 7 85 2028 1 86 Thereafter — 2,723 Total undiscounted rental payments 80 3,100 Less imputed interest 5 2,303 Total lease liabilities $ 75 $ 797

Note 4 - Accrued Rents and Ac_2

Note 4 - Accrued Rents and Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, 2024 December 31, 2023 Tenant receivables $ 17,758 $ 16,287 Accrued rents and other recoveries 26,343 26,751 Allowance for doubtful accounts (14,044 ) (13,570 ) Other receivables 862 1,124 Total $ 30,919 $ 30,592

Note 5 - Unamortized Lease Co_2

Note 5 - Unamortized Lease Commissions, Legal Fees and Loan Costs (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	June 30, 2024 December 31, 2023 Leasing commissions $ 21,511 $ 19,462 Deferred legal cost 305 356 Deferred financing cost 4,149 4,149 Total cost 25,965 23,967 Less: leasing commissions accumulated amortization (9,515 ) (8,744 ) Less: deferred legal cost accumulated amortization (266 ) (272 ) Less: deferred financing cost accumulated amortization (1,618 ) (1,168 ) Total cost, net of accumulated amortization $ 14,566 $ 13,783

Note 6 - Investment in Real E_2

Note 6 - Investment in Real Estate Partnership (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Equity Method Investments [Table Text Block]	Company’s Investment as of June 30, 2024 December 31, 2023 Real estate partnership Ownership Interest Pillarstone OP 81.4% $ — $ 31,671 Total real estate partnership(1)(2)(3) $ — $ 31,671
Real Estate Investment Financial Statements, Disclosure [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Pillarstone OP $ — $ (1,034 ) $ (28 ) $ (1,252 ) June 30, 2024 December 31, 2023 Assets: Real estate, net $ — $ 47,115 Other assets — 6,680 Total assets (1) — 53,795 Liabilities and equity: Notes payable — 14,292 Other liabilities — 4,040 Equity — 35,463 Total liabilities and equity (2) — 53,795 Company’s share of equity — 28,885 Cost of investment in excess of the Company’s share of underlying net book value — 2,786 Carrying value of investment in real estate partnership (3) $ — $ 31,671 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 01/01/2024-01/25/2024 (2) 2023 Revenues $ — $ 2,152 $ 591 $ 4,155 Operating expenses — (3,180 ) (559 ) (5,212 ) Other expenses — (208 ) (56 ) (414 ) Net loss $ — $ (1,236 ) $ (24 ) $ (1,471 )

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	Description June 30, 2024 December 31, 2023 Fixed rate notes $ 265.0 3.18 1.45 2.10 January 31, 2028 (1) $ 265,000 $ 265,000 $ 80.0 3.72 June 1, 2027 80,000 80,000 $ 19.0 4.15 December 1, 2024 17,475 17,658 $ 14.0 4.34 September 11, 2024 12,282 12,427 $ 14.3 4.34 September 11, 2024 13,121 13,257 $ 15.1 4.99 January 6, 2024 — 13,350 $ 50.0 5.09 March 22, 2029 35,714 42,857 $ 50.0 5.17 March 22, 2029 50,000 50,000 $ 2.5 7.79 February 28, 2025 1,817 — $ 50.0 3.71 1.50 2.10 September 16, 2026 50,000 50,000 $ 56.3 6.23 July 31, 2031 56,340 — Floating rate notes Unsecured line of credit, SOFR 1.50 2.10 September 16, 2026 85,000 96,000 Total notes payable principal 666,749 640,549 Less deferred financing costs, net of accumulated amortization (1,082 ) (377 ) Total notes payable $ 665,667 $ 640,172
Schedule of Maturities of Long-Term Debt [Table Text Block]	Year Amount Due 2024 (remaining) $ 44,241 2025 17,596 2026 152,143 2027 97,414 2028 282,823 Thereafter 72,532 Total $ 666,749

Note 8 - Derivatives and Hedg_2

Note 8 - Derivatives and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Interest Rate Derivatives [Table Text Block]	June 30, 2024 Balance Sheet Location Estimated Fair Value Prepaid expenses and other assets $ 8,264 December 31, 2023 Balance Sheet Location Estimated Fair Value Prepaid expenses and other assets $ 2,613
Derivative Instruments, Gain (Loss) [Table Text Block]	Amount Recognized as Comprehensive Income (Loss) Location of Income Recognized in Earnings Amount of Income Recognized in Earnings (1) Three Months Ended June 30, 2024 $ 643 Interest expense $ 1,549 Three Months Ended June 30, 2023 $ 7,095 Interest expense $ 1,701 Six Months Ended June 30, 2024 $ 5,650 Interest expense $ 3,248 Six Months Ended June 30, 2023 $ 2,508 Interest expense $ 2,904

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2024 2023 2024 2023 Numerator: Net income $ 2,626 $ 11,465 $ 12,090 $ 15,366 Less: Net income attributable to noncontrolling interests (34 ) (159 ) (158 ) (213 ) Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 2,592 $ 11,306 $ 11,932 $ 15,153 Denominator: Weighted average number of common shares - basic 49,960 49,426 49,951 49,425 Effect of dilutive securities: Unvested restricted shares 1,160 833 1,165 837 Weighted average number of common shares - dilutive 51,120 50,259 51,116 50,262 Earnings Per Share: Basic: Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 0.05 $ 0.23 $ 0.24 $ 0.31 Diluted: Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares $ 0.05 $ 0.22 $ 0.23 $ 0.30

Note 11 - Equity (Tables)

Note 11 - Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Distributions Made to Limited Partner, by Distribution [Table Text Block]	Common Shares Noncontrolling OP Unit Holders Total Quarter Paid Distributions Per Common Share Amount Paid Distributions Per OP Unit Amount Paid Amount Paid 2024 Second Quarter $ 0.1238 $ 6,162 $ 0.1238 $ 80 $ 6,242 First Quarter 0.1200 5,969 0.1200 80 6,049 Total $ 0.2438 $ 12,131 $ 0.2438 $ 160 $ 12,291 2023 Fourth Quarter $ 0.1200 $ 5,930 $ 0.1200 $ 83 $ 6,013 Third Quarter 0.1200 5,928 0.1200 83 6,011 Second Quarter 0.1200 5,913 0.1200 83 5,996 First Quarter 0.1200 5,913 0.1200 83 5,996 Total $ 0.4800 $ 23,684 $ 0.4800 $ 332 $ 24,016

Note 12 - Incentive Share Plan

Note 12 - Incentive Share Plan (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Nonvested Share Activity [Table Text Block]	Weighted Average Grant Date Shares Fair Value Non-vested at January 1, 2023 1,452,433 $ 10.12 Granted 372,583 13.84 Vested (404,171 ) 6.30 Forfeited (15,311 ) 10.18 Non-vested at June 30, 2024 1,405,534 12.20 Available for grant at June 30, 2024 764,479
Share-Based Payment Arrangement, Outstanding Award, Activity, Excluding Option [Table Text Block]	Shares Granted Shares Vested Non-Vested Shares Issued Weighted Average Grant-Date Fair Value Vested Shares Total Vest-Date Fair Value (in thousands) Six Months Ended June 30, 2024 372,583 $ 13.84 (404,171 ) $ 2,546 Year Ended December 31, 2023 480,184 $ 9.30 (231,600 ) $ 1,841 Year Ended December 31, 2022 360,334 $ 11.61 (519,003 ) $ 3,442

Note 16 - Related Party Trans_2

Note 16 - Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Location of Revenue (Expense) 2024 2023 2024 2023 Rent Operating and maintenance $ — $ — $ — $ (15 ) Property management fee income Management, transaction, and other fees $ — $ — $ — $ —

Note 1 - Interim Financial St_2

Note 1 - Interim Financial Statements (Details Textual)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jul. 31, 2004
Reorganization and Conversion, Number of Common Shares			1.42857
Wholly Owned Properties [Member]
Number of Real Estate Properties	57	55
Wholly Owned Properties [Member] | Community Centered Properties [Member]
Number of Real Estate Properties	51
Wholly Owned Properties [Member] | Parcels Held for Future Development [Member]
Asset Acquisition, Number of Properties Acquired During Period	6

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Mar. 31, 2024 $ / shares	Dec. 31, 2023 USD ($)	Dec. 31, 2015 USD ($)
Conversion Ratio for Class Common Stock to OP Unit (in dollars per share) | $ / shares	$ 1		$ 1		$ 1
Real Estate Inventory, Capitalized Interest Costs Incurred	$ 150,000	$ 137,000	$ 284,000	$ 271,000
Real Estate Taxes, Capitalized	61,000	72,000	122,000	145,000
Share-Based Payment Arrangement, Expense	888,000	800,000	1,824,000	1,629,000
Accounts Receivable, Allowance for Credit Loss	14,044,000		14,044,000			$ 13,570,000
Net Investment in Lease, Credit Loss Expense (Reversal)	$ 86,000	$ 233,000	$ 686,000	$ 557,000
Accounts Receivable, Credit Loss Expense (Reversal), Number of Tenants, COVID-19	18	18	18	18
Straight Line Rent Adjustments, COVID-19	$ 8,000	$ 100,000	$ 20,000	$ 200,000
Accounts Receivable, Credit Loss Expense (Reversal), COVID-19	$ 200,000	$ 100,000	$ 400,000	$ 300,000
Anthem Marketplace Note [Member]
Debt Instrument, Face Amount							$ 15,100,000
Debt Instrument, Interest Rate, Stated Percentage							4.99%

Note 3 - Leases (Details Textua

Note 3 - Leases (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Operating Lease, Cost	$ 10,000	$ 8,000	$ 29,000	$ 41,000
Finance Lease, Right-of-Use Asset, Amortization	$ 21,000	$ 22,000	$ 43,000	$ 51,000
Operating Lease, Weighted Average Remaining Lease Term (Year)	2 years 2 months 12 days		2 years 2 months 12 days
Finance Lease, Weighted Average Remaining Lease Term (Year)	94 years		94 years
Operating Lease, Weighted Average Discount Rate, Percent	4.50%		4.50%
Finance Lease, Weighted Average Discount Rate, Percent	6.10%		6.10%
Ground Lease [Member]
Number of Ground Leases	1		1
Office Machine Lease [Member]
Number of Office Machine Leases	1		1
Minimum [Member] | Office Space, Automobile, and Office Machine [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year		1 year
Maximum [Member] | Office Space, Automobile, and Office Machine [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	5 years		5 years

Note 3 - Leases - Summary of Mi

Note 3 - Leases - Summary of Minimum Future Rents to be Received (Details) $ in Thousands	Jun. 30, 2024 USD ($)
2024 (remaining)	$ 51,391
2025	94,894
2026	80,733
2027	67,559
2028	53,404
Thereafter	153,099
Total	$ 501,080

Note 3 - Leases - Summary of Fu

Note 3 - Leases - Summary of Future Minimum Rental Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
2024 (remaining), operating leases	$ 18
2024 (remaining), finance lease	41
2025, operating leases	30
2025, finance lease	82
2026, operating leases	24
2026, finance lease	83
2027, operating leases	7
2027, finance lease	85
2028, operating leases	1
2028, finance lease	86
Thereafter, operating leases	0
Thereafter, finance lease	2,723
Total undiscounted rental payments, operating leases	80
Total undiscounted rental payments, finance lease	3,100
Less imputed interest, operating leases	5
Less imputed interest, finance lease	2,303
Total lease liabilities, operating leases	75	$ 112
Total lease liabilities, finance lease	$ 797	$ 721

Note 4 - Accrued Rents and Ac_3

Note 4 - Accrued Rents and Accounts Receivable, Net - Schedule of Accrued Rents and Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Tenant receivables	$ 17,758	$ 16,287
Accrued rents and other recoveries	26,343	26,751
Allowance for doubtful accounts	(14,044)	(13,570)
Total	30,919	30,592
Trade Accounts Receivable [Member]
Other receivables	$ 862	$ 1,124

Note 5 - Unamortized Lease Co_3

Note 5 - Unamortized Lease Commissions, Legal Fees and Loan Costs - Deferred Costs (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leasing commissions	$ 21,511	$ 19,462
Deferred legal cost	305	356
Deferred financing cost	4,149	4,149
Total cost	25,965	23,967
Less: leasing commissions accumulated amortization	(9,515)	(8,744)
Less: deferred legal cost accumulated amortization	(266)	(272)
Less: deferred financing cost accumulated amortization	(1,618)	(1,168)
Total cost, net of accumulated amortization	$ 14,566	$ 13,783

Note 6 - Investment in Real E_3

Note 6 - Investment in Real Estate Partnership (Details Textual)

3 Months Ended

6 Months Ended

8 Months Ended

24 Months Ended

Apr. 24, 2024 USD ($)

Jan. 25, 2024 USD ($)

Dec. 01, 2023 USD ($)

Jun. 30, 2024 USD ($)

Mar. 31, 2024 USD ($)

Jun. 30, 2023 USD ($)

Jun. 30, 2024 USD ($)

Jun. 30, 2023 USD ($)

Aug. 18, 2022 USD ($)

Dec. 08, 2018 USD ($)

Dec. 31, 2023 USD ($) ft²

Dec. 08, 2016

Equity Method Investment, Difference Between Carrying Amount And Underlying Equity, Amortization

$ 0

$ 27,000

$ 7,000

$ 54,000

Equity Method Investments

[1],[2],[3]

0

0

$ 31,671,000

Bankruptcy of Whitestone Uptown Tower LLC [Member] | Settled Litigation [Member]

Litigation Settlement, Amount Awarded to Other Party

$ 13,632,764

Litigation Settlement Interest

1,688,000

Bankruptcy of Whitestone Uptown Tower LLC [Member] | Settled Litigation [Member] | Pillarstone OP [Member]

Litigation Settlement, Amount Awarded to Other Party

$ 1,123,950.24

Bankruptcy of Whitestone Uptown Tower LLC [Member] | Settled Litigation [Member] | Pillarstone OP [Member] | Maximum [Member]

Legal Fees

$ 20,000

Irrevocable Redemption of Investment in Pillarstone OP [Member] | Pending Litigation [Member]

Litigation Settlement, Amount Awarded to Other Party

$ 13,632,764.25

Litigation Settlement Interest

$ 13,000,000

Equity Method Investments

31,600,000

Gain Contingency, Unrecorded Amount

$ 70,000,000

Performance Guarantee [Member]

Guarantees, Fair Value Disclosure

$ 462,000

Guarantee Liability, Amortization Period (Year)

7 years

Amortization of Guarantee Liability

$ 0

$ 9,000

$ 0

$ 18,000

Uptown Tower [Member]

Property Management Fee Revenue

$ 144,000

Pillarstone Capital REIT and Pillarstone Capital REIT Operating Partnership, L.P. vs Company and Certain Subsidiaries and Certain Executives [Member] | Unconsolidated Properties [Member]

Number of Real Estate Properties

8

Area of Real Estate Property (Square Foot) | ft²

926,798

Variable Interest Entity, Primary Beneficiary [Member]

Number of Non-core Properties Contributed to Variable Interest Entity

14

Variable Interest Entity, Consideration, Amount

$ 84,000,000

Variable Interest Entity, Consideration, Limited Partnership Interest

18,100,000

Variable Interest Entity, Consideration, Liabilities Assumed

$ 65,900,000

[1]On December 26, 2021, the Board of Trustees of Pillarstone REIT adopted a new shareholder rights agreement (the “Pillarstone Rights Agreement”). Because Pillarstone REIT sought to use the Pillarstone Rights Agreement to prevent Whitestone OP from exercising its contractual Redemption Right, on July 12, 2022, Whitestone OP filed suit against Pillarstone REIT in the Court of Chancery of the State of Delaware challenging the Pillarstone Rights Agreement. On September 8, 2022, Whitestone OP’s Motion to Preserve the Status Quo was granted by the Court, limiting Pillarstone OP from engaging in any acts outside the ordinary course of business and otherwise imposing restrictions on Pillarstone OP to ensure that Whitestone’s right of redemption is not impaired while the underlying dispute is being considered by the Court. On January 25, 2024, the Delaware Court of Chancery: held that Pillarstone breached the implied covenant of good faith and fair dealing when it adopted the Pillarstone Rights Agreement that thwarted Whitestone OP from exercising the unfettered contractual redemption right it obtained in connection with its investment in the partnership; and the Court held that the Rights Plan was unenforceable as to the limited partner and allowed Whitestone OP to exercise its redemption right; allowed Pillarstone to determine the current value of the Partnership’s assets; and, as necessary, later enter a monetary judgment against Pillarstone for the difference between the amount Whitestone would have received in or around December 2021 and the current value. On January 25, 2024, the Company exercised its notice of redemption for substantially all of its investment in Pillarstone OP. On March 4, 2024, Pillarstone REIT authorized and filed the Chapter 11 bankruptcy of itself, Pillarstone OP, and the remainder of its special purpose entities in the United States Bankruptcy Court for the Northern District of Texas. As of the date of this filing, Whitestone has not received consideration for its redemption of its equity investment in Pillarstone OP as required by the partnership agreement. We intend to pursue collection of amounts due from Pillarstone OP through all means, including further litigation if necessary and while we do not know the ultimate amount to be collected, we believe the amount will be in excess of the current carrying value of our equity investment in Pillarstone OP.[2]Representing eight property interests and 926,798 square feet of GLA, as of December 31, 2023. Subsequent to January 25, 2024, the Company ceased utilizing the equity method following the exercise of its notice of redemption for the majority of its investment in Pillarstone OP. We reclassified our investment in Pillarstone OP to a receivable on our balance sheet after estimating 25 days of our share of the equity investment income.[3]We rely on reporting provided to us by Pillarstone OP’s general partner for financial information regarding the Company’s investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.

Note 6 - Investment in Real E_4

Note 6 - Investment in Real Estate Partnership - Real Estate Partnership Investment (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Equity Method Investments	[1],[2],[3]	$ 0	$ 31,671
Pillarstone OP [Member]
Ownership interest		81.40%
Equity Method Investments	[4]	$ 0	$ 31,671
[1]On December 26, 2021, the Board of Trustees of Pillarstone REIT adopted a new shareholder rights agreement (the “Pillarstone Rights Agreement”). Because Pillarstone REIT sought to use the Pillarstone Rights Agreement to prevent Whitestone OP from exercising its contractual Redemption Right, on July 12, 2022, Whitestone OP filed suit against Pillarstone REIT in the Court of Chancery of the State of Delaware challenging the Pillarstone Rights Agreement. On September 8, 2022, Whitestone OP’s Motion to Preserve the Status Quo was granted by the Court, limiting Pillarstone OP from engaging in any acts outside the ordinary course of business and otherwise imposing restrictions on Pillarstone OP to ensure that Whitestone’s right of redemption is not impaired while the underlying dispute is being considered by the Court. On January 25, 2024, the Delaware Court of Chancery: held that Pillarstone breached the implied covenant of good faith and fair dealing when it adopted the Pillarstone Rights Agreement that thwarted Whitestone OP from exercising the unfettered contractual redemption right it obtained in connection with its investment in the partnership; and the Court held that the Rights Plan was unenforceable as to the limited partner and allowed Whitestone OP to exercise its redemption right; allowed Pillarstone to determine the current value of the Partnership’s assets; and, as necessary, later enter a monetary judgment against Pillarstone for the difference between the amount Whitestone would have received in or around December 2021 and the current value. On January 25, 2024, the Company exercised its notice of redemption for substantially all of its investment in Pillarstone OP. On March 4, 2024, Pillarstone REIT authorized and filed the Chapter 11 bankruptcy of itself, Pillarstone OP, and the remainder of its special purpose entities in the United States Bankruptcy Court for the Northern District of Texas. As of the date of this filing, Whitestone has not received consideration for its redemption of its equity investment in Pillarstone OP as required by the partnership agreement. We intend to pursue collection of amounts due from Pillarstone OP through all means, including further litigation if necessary and while we do not know the ultimate amount to be collected, we believe the amount will be in excess of the current carrying value of our equity investment in Pillarstone OP.[2]Representing eight property interests and 926,798 square feet of GLA, as of December 31, 2023. Subsequent to January 25, 2024, the Company ceased utilizing the equity method following the exercise of its notice of redemption for the majority of its investment in Pillarstone OP. We reclassified our investment in Pillarstone OP to a receivable on our balance sheet after estimating 25 days of our share of the equity investment income.[3]We rely on reporting provided to us by Pillarstone OP’s general partner for financial information regarding the Company’s investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.[4]We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.

Note 6 - Investment in Real E_5

Note 6 - Investment in Real Estate Partnership - Net Income from Investment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Real estate, net		$ 1,018,264		$ 1,018,264		$ 991,699
Total assets(1)		1,140,370		1,140,370		1,113,239
Notes payable		665,667		665,667		640,172
Equity		418,260		418,260		413,742
Total liabilities and equity(2)		1,140,370		1,140,370		1,113,239
Carrying value of investment in real estate partnership(3)	[1],[2],[3]	0		0		31,671
Revenues		37,647	$ 36,460	74,811	$ 72,311
Operating expenses		26,000	25,201	51,567	48,925
Other expenses		(8,931)	1,365	(10,917)	(6,524)
Net loss		2,592	11,306	11,932	15,153
Pillarstone OP [Member]
Pillarstone OP		0	(1,034)	(28)	(1,252)
Company’s share of equity		0		0		28,885
Cost of investment in excess of the Company’s share of underlying net book value		0		0		2,786
Carrying value of investment in real estate partnership(3)	[4]	0		0		31,671
Pillarstone OP [Member]
Real estate, net		0		0		47,115
Other assets		0		0		6,680
Total assets(1)	[5]	0		0		53,795
Notes payable		0		0		14,292
Other liabilities		0		0		4,040
Equity		0		0		35,463
Total liabilities and equity(2)	[6]	0		0		$ 53,795
Revenues		0	2,152	591	4,155
Operating expenses		0	(3,180)	(559)	(5,212)
Other expenses		0	(208)	(56)	(414)
Net loss		$ 0	$ (1,236)	$ (24)	$ (1,471)
[1]On December 26, 2021, the Board of Trustees of Pillarstone REIT adopted a new shareholder rights agreement (the “Pillarstone Rights Agreement”). Because Pillarstone REIT sought to use the Pillarstone Rights Agreement to prevent Whitestone OP from exercising its contractual Redemption Right, on July 12, 2022, Whitestone OP filed suit against Pillarstone REIT in the Court of Chancery of the State of Delaware challenging the Pillarstone Rights Agreement. On September 8, 2022, Whitestone OP’s Motion to Preserve the Status Quo was granted by the Court, limiting Pillarstone OP from engaging in any acts outside the ordinary course of business and otherwise imposing restrictions on Pillarstone OP to ensure that Whitestone’s right of redemption is not impaired while the underlying dispute is being considered by the Court. On January 25, 2024, the Delaware Court of Chancery: held that Pillarstone breached the implied covenant of good faith and fair dealing when it adopted the Pillarstone Rights Agreement that thwarted Whitestone OP from exercising the unfettered contractual redemption right it obtained in connection with its investment in the partnership; and the Court held that the Rights Plan was unenforceable as to the limited partner and allowed Whitestone OP to exercise its redemption right; allowed Pillarstone to determine the current value of the Partnership’s assets; and, as necessary, later enter a monetary judgment against Pillarstone for the difference between the amount Whitestone would have received in or around December 2021 and the current value. On January 25, 2024, the Company exercised its notice of redemption for substantially all of its investment in Pillarstone OP. On March 4, 2024, Pillarstone REIT authorized and filed the Chapter 11 bankruptcy of itself, Pillarstone OP, and the remainder of its special purpose entities in the United States Bankruptcy Court for the Northern District of Texas. As of the date of this filing, Whitestone has not received consideration for its redemption of its equity investment in Pillarstone OP as required by the partnership agreement. We intend to pursue collection of amounts due from Pillarstone OP through all means, including further litigation if necessary and while we do not know the ultimate amount to be collected, we believe the amount will be in excess of the current carrying value of our equity investment in Pillarstone OP.[2]Representing eight property interests and 926,798 square feet of GLA, as of December 31, 2023. Subsequent to January 25, 2024, the Company ceased utilizing the equity method following the exercise of its notice of redemption for the majority of its investment in Pillarstone OP. We reclassified our investment in Pillarstone OP to a receivable on our balance sheet after estimating 25 days of our share of the equity investment income.[3]We rely on reporting provided to us by Pillarstone OP’s general partner for financial information regarding the Company’s investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.[4]We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.[5]We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated total assets and its components based on the information available to us at the time of this report.[6]We rely on reporting provided to us by Pillarstone OP's general partner for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of March 31, 2023 have not been made available to us, we have estimated total liabilities and equity and its components based on the information available to us at the time of this report.

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual)			3 Months Ended	6 Months Ended	10 Months Ended	12 Months Ended	15 Months Ended	48 Months Ended
	Sep. 16, 2022 USD ($)	Mar. 22, 2019 USD ($)	Mar. 31, 2024	Jun. 30, 2024 USD ($)	Oct. 28, 2022	Dec. 31, 2023 USD ($)	Jan. 31, 2024	Jan. 31, 2028	Jun. 21, 2024 USD ($)
Secured Debt				$ 179,220,000
Asset Pledged as Collateral [Member] | Secured Debt [Member]
Number of Real Estate Properties				7
Real Estate Investments, Net				$ 270,500,000
The 265 Million Note Due January 31, 2028 [Member]
Debt Instrument, Interest Rate, Stated Percentage				3.18%	2.16%	3.18%	2.76%
Debt Instrument, Face Amount				$ 265,000,000		$ 265,000,000
The 265 Million Note Due January 31, 2028 [Member] | Forecast [Member]
Debt Instrument, Interest Rate, Stated Percentage								3.32%
The $50 Million Debt Facility Maturing September 16, 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage			3.71%
Loan Agreement [Member]
Debt Instrument, Interest Rate, Stated Percentage									6.23%
Debt Instrument, Face Amount									$ 56,340,000
Number of Real Estate Properties									3
The Series A and Series B Notes [Member]
Debt Instrument, Face Amount		$ 100,000,000
Debt Instrument, Minimum Partial Prepayment		$ 1,000,000
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Covenant, Maximum Total Indebtedness to Total Asset Value Ratio		0.6
Debt Instrument, Covenant, Maximum Secured Debt to Total Asset Value Ratio		0.4
Debt Instrument, Covenant, Minimum EBITDA to Fixed Charges Ratio		1.5
Debt Instrument, Covenant, Maximum Secured Recourse Debt to Total Asset Value		0.15
Debt Instrument, Covenant, Tangible Net Worth Threshold Before Percentage of Aggregate Net Proceeds, Percent		75%
Debt Instrument, Covenant, Tangible Net Worth, Percentage of Aggregate Net Proceeds, Minimum		75%
Debt Instrument, Covenant, Minimum Adjusted Property NOI To Implied Unencumbered Debt Service Ratio		150%
Debt Instrument, Covenant, Maximum Unsecured Debt to Unencumbered Assets		0.6
The Series A Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.09%
Debt Instrument, Face Amount		$ 50,000,000
Debt Instrument, Annual Principal Payment		$ 7,100,000
The Series B Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.17%
Debt Instrument, Face Amount		$ 50,000,000
Debt Instrument, Annual Principal Payment		$ 10,000,000
The 2022 Facility [Member]
Debt Instrument, Covenant, Maximum Total Indebtedness to Total Asset Value Ratio	0.6
Debt Instrument, Covenant, Maximum Secured Debt to Total Asset Value Ratio	0.4
Debt Instrument, Covenant, Minimum EBITDA to Fixed Charges Ratio	1.5
Debt Instrument, Covenant, Tangible Net Worth, Percentage of Aggregate Net Proceeds, Minimum	75%
Debt Instrument, Basis Spread on Variable Rate				1.50%		1.50%
Debt Instrument, Basis Point Credit Spread Adjustment				2.10%		2.10%
Debt Instrument, Applicable Margin Adjustment per Annum	0.02%
Debt Instrument, Covenant, Maximum Other Recourse Debt to Total Asset Value Ratio	0.15
Debt Instrument, Covenant, Tangible Net Worth Threshold Before Percentage of Aggregate Net Proceeds, Amount	$ 449,000,000
The 2022 Facility [Member] | Fed Funds Effective Rate Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.50%
The 2022 Facility [Member] | Adjusted Term SOFR for One Month Tenor in Effect [Member]
Debt Instrument, Basis Spread on Variable Rate	1.10%
The 2022 Facility [Member] | Adjusted Term SOFR for 2 Business Days Prior [Member]
Debt Instrument, Basis Spread on Variable Rate	0.10%
The 2022 Facility [Member] | Term Loans [Member]
Debt Instrument, Interest Rate, Stated Percentage				6.88%	2.16%		2.80%
Debt Instrument, Face Amount	$ 265,000,000
The 2022 Facility [Member] | Term Loans [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					1.55%		1.55%
The 2022 Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	250,000,000
Debt Instrument, Basis Point Credit Spread Adjustment			0.10%
Line of Credit Facility, Accordion Feature, Increase Limit	$ 200,000,000
Line of Credit Facility, Remaining Borrowing Capacity				$ 115,000,000
Long-Term Line of Credit				400,000,000
Debt Instrument, Unused Borrowing Capacity, Amount				$ 115,000,000
The 2022 Facility [Member] | Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member]
Debt Instrument, Basis Spread on Variable Rate			1.60%
The 2022 Facility [Member] | Forecast [Member] | Term Loans [Member]
Debt Instrument, Interest Rate, Stated Percentage								3.42%
The 2022 Facility [Member] | Forecast [Member] | Term Loans [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate								1.55%

Note 7 - Debt - Schedule of Deb

Note 7 - Debt - Schedule of Debt (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Notes payable principal		$ 666,749	$ 640,549
Less deferred financing costs, net of accumulated amortization		(1,082)	(377)
Notes Payable [Member]
Total notes payable		665,667	640,172
The 265 Million Note Due January 31, 2028 [Member]
Notes payable principal	[1]	265,000	265,000
The 80 Million Note Due June 1, 2027 [Member]
Notes payable principal		80,000	80,000
The 19 Million Note Due December 1, 2024 [Member]
Notes payable principal		17,475	17,658
The 14 Million Note Due September 11, 2024 [Member]
Notes payable principal		12,282	12,427
The 14.3 Million Note Due September 11, 2024 [Member]
Notes payable principal		13,121	13,257
The 15.1 Million Note Due January 6, 2024 [Member]
Notes payable principal		0	13,350
The 50.0 Million Series A Note Due March 22, 2029 [Member]
Notes payable principal		35,714	42,857
The 50.0 Million Series B Note Due March 22, 2029 [Member]
Notes payable principal		50,000	50,000
The 2.5 Million Note Due February 28, 2025 [Member]
Notes payable principal		1,817	0
The $50 Million Note Due September 16, 2026 [Member]
Notes payable principal	[2]	50,000	50,000
The $56.3 Million Note Due July 31, 2031 [Member]
Notes payable principal		56,340	0
The 2022 Facility [Member]
Notes payable principal		$ 85,000	$ 96,000
[1]Promissory note includes an interest rate swap that fixes the SOFR portion of the term loan at an interest rate of 2.16% through October 28, 2022, 2.76% from October 29, 2022 through January 31, 2024, and 3.32% beginning February 1, 2024 through January 31, 2028.[2]A portion of the unsecured line of credit includes an interest rate swap to fix the SOFR portion of the loan at 3.71%.

Note 7 - Debt - Schedule of D_2

Note 7 - Debt - Schedule of Debt (Details) (Parentheticals) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jan. 31, 2024	Oct. 28, 2022
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]	Secured Overnight Financing Rate (SOFR) [Member]
The 265 Million Note Due January 31, 2028 [Member]
Face amount	$ 265	$ 265
Interest rate, stated	3.18%	3.18%	2.76%	2.16%
Maturity date	Jan. 31, 2028	Jan. 31, 2028
The 265 Million Note Due January 31, 2028 [Member] | Minimum [Member]
Interest rate, variable	1.45%	1.45%
The 265 Million Note Due January 31, 2028 [Member] | Maximum [Member]
Interest rate, variable	2.10%	2.10%
The 80 Million Note Due June 1, 2027 [Member]
Face amount	$ 80	$ 80
Interest rate, stated	3.72%	3.72%
Maturity date	Jun. 01, 2027	Jun. 01, 2027
The 19 Million Note Due December 1, 2024 [Member]
Face amount	$ 19	$ 19
Interest rate, stated	4.15%	4.15%
Maturity date	Dec. 01, 2024	Dec. 01, 2024
The 14 Million Note Due September 11, 2024 [Member]
Face amount	$ 14	$ 14
Interest rate, stated	4.34%	4.34%
Maturity date	Sep. 11, 2024	Sep. 11, 2024
The 14.3 Million Note Due September 11, 2024 [Member]
Face amount	$ 14.3	$ 14.3
Interest rate, stated	4.34%	4.34%
Maturity date	Sep. 11, 2024	Sep. 11, 2024
The 15.1 Million Note Due January 6, 2024 [Member]
Face amount	$ 15.1	$ 15.1
Interest rate, stated	4.99%	4.99%
Maturity date	Jan. 06, 2024	Jan. 06, 2024
The 50.0 Million Series A Note Due March 22, 2029 [Member]
Face amount	$ 50	$ 50
Interest rate, stated	5.09%	5.09%
Maturity date	Mar. 22, 2029	Mar. 22, 2029
The 50.0 Million Series B Note Due March 22, 2029 [Member]
Face amount	$ 50	$ 50
Interest rate, stated	5.17%	5.17%
Maturity date	Mar. 22, 2029	Mar. 22, 2029
The 2.5 Million Note Due February 28, 2025 [Member]
Face amount	$ 2.5
Interest rate, stated	7.79%
Maturity date	Feb. 28, 2025
The $50 Million Note Due September 16, 2026 [Member]
Face amount	$ 50	$ 50
Interest rate, stated	3.71%	3.71%
Maturity date	Sep. 16, 2026	Sep. 16, 2026
The $50 Million Note Due September 16, 2026 [Member] | Minimum [Member]
Interest rate, variable	1.50%	1.50%
The $50 Million Note Due September 16, 2026 [Member] | Maximum [Member]
Interest rate, variable	2.10%	2.10%
The $56.3 Million Note Due July 31, 2031 [Member]
Face amount	$ 56.3
Interest rate, stated	6.23%
Maturity date	Jul. 31, 2031
The 2022 Facility [Member]
Interest rate, variable	1.50%	1.50%
Maturity date	Sep. 16, 2026	Sep. 16, 2026
Basis Point Credit Spread Adjustment	2.10%	2.10%

Note 7 - Debt - Scheduled Matur

Note 7 - Debt - Scheduled Maturities of Outstanding Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
2024 (remaining)	$ 44,241
2025	17,596
2026	152,143
2027	97,414
2028	282,823
Thereafter	72,532
Total	$ 666,749	$ 640,549

Note 8 - Derivatives and Hedg_3

Note 8 - Derivatives and Hedging Activities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 31, 2028	Mar. 31, 2023	Sep. 16, 2022	Sep. 07, 2022	Jan. 31, 2019
Investment, Variable Interest Rate, Type [Extensible Enumeration]						Secured Overnight Financing Rate (SOFR) [Member]
Interest Rate Swap [Member]
Derivative, Notional Amount						$ 50,000
Derivative, Variable Interest Rate						3.71%
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net, Total	$ 0	$ 0	$ 0	$ 0
Interest Rate Swap [Member] | U.S. Bank, Capital One [Member]
Derivative, Notional Amount						$ 10,000
Interest Rate Swap [Member] | Capital One, National Association [Member]
Derivative, Notional Amount						10,000
Interest Rate Swap [Member] | SunTrust Bank [Member]
Derivative, Notional Amount						12,500
Interest Rate Swap [Member] | Associated Bank [Member]
Derivative, Notional Amount						$ 2,500
Interest Rate Swap Three [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount							$ 100,000
Derivative, Fixed Interest Rate							3.32%
Interest Rate Swap Three [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Forecast [Member]
Derivative, Notional Amount					$ 265,000
Interest Rate Swap Three [Member] | Capital One, National Association [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount							$ 20,700
Interest Rate Swap Three [Member] | Capital One, National Association [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Forecast [Member]
Derivative, Notional Amount					54,800
Interest Rate Swap Three [Member] | Associated Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount							5,900
Interest Rate Swap Three [Member] | Associated Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Forecast [Member]
Derivative, Notional Amount					15,700
Interest Rate Swap Three [Member] | U.S. Bank, National Association [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount							20,700
Interest Rate Swap Three [Member] | U.S. Bank, National Association [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Forecast [Member]
Derivative, Notional Amount					54,800
Interest Rate Swap Three [Member] | Truist Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount							$ 25,400
Interest Rate Swap Three [Member] | Truist Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Forecast [Member]
Derivative, Notional Amount					$ 67,200
Interest Rate Swap Two [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount									$ 165,000
Derivative, Fixed Interest Rate									2.43%
Interest Rate Swap Two [Member] | SunTrust Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount									$ 40,000
Interest Rate Swap Two [Member] | Associated Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount									15,000
Interest Rate Swap Two [Member] | U.S. Bank, National Association [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount									32,600
Interest Rate Swap Two [Member] | Regions Bank [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount									$ 29,400
Interest Rate Swap Two [Member] | Bank of Montreal [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative, Notional Amount								$ 29,400

Note 8 - Derivatives and Hedg_4

Note 8 - Derivatives and Hedging Activities - Fair Value of Interest Rate Swaps (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Interest Rate Swap [Member] | Prepaid Expenses and Other Current Assets [Member]
Interest rate swaps, assets	$ 8,264	$ 2,613

Note 8 - Derivatives and Hedg_5

Note 8 - Derivatives and Hedging Activities - Summary of Interest Rate Swap Activity (Details) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended
	Jun. 30, 2024		Mar. 31, 2024	Jun. 30, 2023		Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 2,626			$ 11,465			$ 12,090	$ 15,366
Interest Expense, Nonoperating	8,788			8,260			17,307	16,163
Amount Recognized as Comprehensive income	$ 643		$ 5,007	$ 7,095		$ (4,587)	$ 5,650	$ 2,508
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense, Nonoperating			Interest Expense, Nonoperating			Interest Expense, Nonoperating	Interest Expense, Nonoperating
Interest Rate Swap [Member]
Amount Recognized as Comprehensive income	$ 643			$ 7,095			$ 5,650	$ 2,508
Amount of Income (Loss) Recognized in Earnings	$ 1,549	[1]		$ 1,701	[1]		$ 3,248	$ 2,904
[1]There was no ineffective portion of our interest rate swaps to recognize in earnings for the three months ended March 31, 2024 and 2023.

Note 9 - Earnings Per Share (De

Note 9 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
OP Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	649,200	694,297	656,411	694,298

Note 9 - Earnings Per Share - C

Note 9 - Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net income	$ 2,626	$ 11,465	$ 12,090	$ 15,366
Less: Net income attributable to noncontrolling interests	(34)	(159)	(158)	(213)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$ 2,592	$ 11,306	$ 11,932	$ 15,153
Basic (in shares)	49,960	49,426	49,951	49,425
Unvested restricted shares (in shares)	1,160	833	1,165	837
Weighted average number of common shares - dilutive (in shares)	51,120	50,259	51,116	50,262
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares (in dollars per share)	$ 0.05	$ 0.23	$ 0.24	$ 0.31
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)	$ 0.05	$ 0.22	$ 0.23	$ 0.3

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Applicable Tax Rate Used to Determine State Margin Tax	0.75%		0.75%
Margin Tax Provision Recognized	$ 111,000	$ 125,000	$ 231,000	$ 244,000

Note 11 - Equity (Details Textu

Note 11 - Equity (Details Textual) - USD ($) $ / shares in Units, $ in Billions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	May 20, 2022	May 31, 2019
Common Stock, Shares Authorized (in shares)	400,000,000		400,000,000			400,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001		$ 0.001			$ 0.001
Preferred Stock, Shares Authorized (in shares)	50,000,000		50,000,000			50,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001		$ 0.001			$ 0.001
Issuance and Sale of Securities, Maximum							$ 0.5
Conversion Ratio for Class Common Stock to OP Unit (in dollars per share)	$ 1		$ 1		$ 1
Conversion of OP Units to Common Stock [Member]
Conversion of Stock, Shares Converted (in shares)	0	864	43,747	875
OP Units [Member]
Units of Partnership Interest, Amount (in shares)	50,592,627		50,592,627			50,182,938
General Partners' Capital Account, Units Outstanding (in shares)	49,943,427		49,943,427			49,489,991
Operating Partnership [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest			98.70%
Weighted-Average Share Ownership	98.70%	98.60%	98.70%	98.60%
The 2019 Equity Distribution Agreements [Member]
Equity Distribution Agreements, Authorized Amount								$ 0.1

Note 11 - Equity - Cash Distrib

Note 11 - Equity - Cash Distributions Paid or Payable (Details) - Cash Distribution [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						6 Months Ended	12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Dec. 31, 2023
Amount Paid	$ 6,242	$ 6,049	$ 6,013	$ 6,011	$ 5,996	$ 5,996	$ 12,291	$ 24,016
Common Stock [Member]
Distributions Per Common Share (in dollars per share)	$ 0.1238	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.2438	$ 0.48
Amount Paid	$ 6,162	$ 5,969	$ 5,930	$ 5,928	$ 5,913	$ 5,913	$ 12,131	$ 23,684
OP Units [Member]
Distributions Per Common Share (in dollars per share)	$ 0.1238	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.2438	$ 0.48
Amount Paid	$ 80	$ 80	$ 83	$ 83	$ 83	$ 83	$ 160	$ 332

Note 12 - Incentive Share Pla_2

Note 12 - Incentive Share Plan (Details Textual) - USD ($)										3 Months Ended			6 Months Ended		12 Months Ended
	Mar. 07, 2024	Mar. 04, 2024	Jan. 01, 2024	Mar. 07, 2023	Dec. 19, 2022	Mar. 28, 2022	Sep. 30, 2021	Jun. 30, 2021	Sep. 06, 2017	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	May 11, 2017
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					24,134								372,583				480,184	360,334
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)					$ 12.44								$ 13.84				$ 9.3	$ 11.61
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)													404,171				231,600	519,003
Share-Based Payment Arrangement, Expense										$ 888,000		$ 800,000	$ 1,824,000	$ 1,629,000
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares)										1,160,000		833,000	1,165,000	837,000
Forecast [Member]
Share-Based Payment Arrangement, Expense															$ 6,300,000	$ 4,500,000
Market Based Vesting TSR Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)													36 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount										$ 4,800,000			$ 4,800,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)													30 years
Market Based Vesting TSR Units [Member] | Issued 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Awarded Based on Ranking										200%			200%
Market Based Vesting TSR Units [Member] | Issued 2023 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Awarded Based on Ranking										200%			200%
Market Based Vesting TSR Units [Member] | Issued 2024 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Awarded Based on Ranking										200%			200%
Time-based Restricted Common Share Units [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount										$ 3,900,000			$ 3,900,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)													36 years
The 2018 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)																			3,433,831
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)										1,405,534			1,405,534				1,452,433
The 2018 Plan [Member] | Market Based Vesting TSR Units [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		203,518		228,025		162,556		433,200
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 15.12		$ 9.55		$ 13.74		$ 4.17
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)						3 years		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Awarded Based on Ranking			200%
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Options to be Converted to Cash (in shares)								111,465
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)			210,400
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)			420,800
The 2018 Plan [Member] | Market Based Vesting TSR Units [Member] | Share-Based Payment Arrangement, Employee [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Awarded Based on Ranking		0%		0%		0%		0%
The 2018 Plan [Member] | Market Based Vesting TSR Units [Member] | Share-Based Payment Arrangement, Employee [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage Awarded Based on Ranking		200%		200%		200%		200%
The 2018 Plan [Member] | Time-based Restricted Common Share Units [Member] | Share-Based Payment Arrangement, Employee [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		169,065		228,025		162,556	5,500	433,200
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 8.72	$ 12.29				$ 9.94	$ 9.06	$ 7.51
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				3 years			3 years	3 years
The 2008 Plan [Member] | Performance-based Restricted Common Share Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage											100%
The 2008 Plan [Member] | Performance-based Restricted Common Share Units [Member] | Immediate Vesting Upon Change in Control [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)									965,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)									$ 13.05
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)											455,000
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares)													0

Note 12 - Incentive Share Pla_3

Note 12 - Incentive Share Plan - Summary of Share-based Incentive Plan Activity (Details) - The 2018 Plan [Member]	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Non-vested at January 1, 2023 (in shares)	1,452,433
Non-vested at January 1, 2023 (in dollars per share) | $ / shares	$ 10.12
Granted, shares (in shares)	372,583
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 13.84
Vested, shares (in shares)	(404,171)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 6.3
Forfeited, shares (in shares)	(15,311)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 10.18
Non-vested, shares (in shares)	1,405,534
Non-vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 12.2
Available for grant, shares (in shares)	764,479

Note 12 - Incentive Share Pla_4

Note 12 - Incentive Share Plan - Summary of Non-vested and Vested Shares Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended	12 Months Ended
	Dec. 19, 2022	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-Vested Shares Issued (in shares)	24,134	372,583	480,184	360,334
Weighted Average Grant- Date Fair Value (in dollars per share)	$ 12.44	$ 13.84	$ 9.3	$ 11.61
Vested Shares (in shares)		(404,171)	(231,600)	(519,003)
Total Vest-Date Fair Value		$ 2,546	$ 1,841	$ 3,442

Note 13 - Grants to Trustees (D

Note 13 - Grants to Trustees (Details Textual)		6 Months Ended	12 Months Ended
	Dec. 19, 2022 $ / shares shares	Jun. 30, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares
Number of Independent Trustees	5
Number of Trustee Emeritus	1
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | shares	24,134	372,583	480,184	360,334
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 12.44	$ 13.84	$ 9.3	$ 11.61

Note 15 - Real Estate (Details

Note 15 - Real Estate (Details Textual) $ in Thousands								3 Months Ended		6 Months Ended
	Apr. 05, 2024 USD ($) ft²	Apr. 01, 2024 USD ($)	Mar. 27, 2024 USD ($)	Feb. 20, 2024 USD ($) ft²	Dec. 20, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 12, 2023 USD ($) ft²	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property								$ (75)	$ 9,621	$ 6,450	$ 9,621
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Mercado at Scottsdale Ranch [Member]
Proceeds from Sale of Productive Assets			$ 26,500
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property			$ 6,600
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Spoerlein Commons [Member]
Proceeds from Sale of Productive Assets					$ 7,400
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property					$ 700
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Westchase [Member]
Proceeds from Sale of Productive Assets						$ 7,800
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property						4,600
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Sunridge [Member]
Proceeds from Sale of Productive Assets						6,700
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property						$ 5,000
Scottsdale Commons [Member]
Payments to Acquire Productive Assets	$ 22,200
Area of Real Estate Property (Square Foot) | ft²	69,482
Asset Acquisition Percent of Property Leased	96.60%
Anderson Arbor Pad [Member]
Payments to Acquire Productive Assets		$ 900
Garden Oaks Shopping Center [Member]
Payments to Acquire Productive Assets				$ 27,200
Area of Real Estate Property (Square Foot) | ft²				106,858
Asset Acquisition Percent of Property Leased				95.80%
Arcadia Towne Center [Member]
Payments to Acquire Productive Assets							$ 25,500
Area of Real Estate Property (Square Foot) | ft²							69,503
Asset Acquisition Percent of Property Leased							100%

Note 16 - Related Party Trans_3

Note 16 - Related Party Transactions (Details Textual) - Beneficial Owner [Member] - Pillarstone REIT [Member]	6 Months Ended
	Jun. 30, 2024
Chief Executive Officer [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	66.70%
Chief Operating Officer [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	20%

Note 16 - Related Party Trans_4

Note 16 - Related Party Transactions - Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Rent	$ (7,015)	$ (6,899)	$ (13,364)	$ (12,985)
Pillarstone OP [Member] | Rent [Member]
Rent	0	0	0	(15)
Pillarstone OP [Member] | Property Management Fee Income [Member] | Management, Transaction, and Other Fees [Member]
Property Management Fee Revenue	$ 0	$ 0	$ 0	$ 0

Note 17 - Commitments and Con_2

Note 17 - Commitments and Contingencies (Details Textual) - USD ($)	Apr. 24, 2024	Dec. 01, 2023	May 09, 2023	Sep. 16, 2022	Feb. 23, 2022	Oct. 24, 2023	Sep. 01, 2023
Bankruptcy of Whitestone Uptown Tower LLC [Member] | Settled Litigation [Member]
Litigation Settlement, Amount Awarded to Other Party		$ 13,632,764
Litigation Settlement Interest		$ 1,688,000
Bankruptcy of Whitestone Uptown Tower LLC [Member] | Settled Litigation [Member] | Pillarstone OP [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 1,123,950.24
Bankruptcy of Whitestone Uptown Tower LLC [Member] | Settled Litigation [Member] | Pillarstone OP [Member] | Maximum [Member]
Legal Fees	$ 20,000
Litigation Between Company and Former COO [Member] | Pending Litigation [Member]
Loss Contingency, Damages Sought, Value			$ 1,000,000
Litigation between the Company and Pillarstone REIT [Member] | Pending Litigation [Member]
Loss Contingency, Damages Sought, Value				$ 1,000,000
Mastandrea V Whitestone R E I T And Certain Company Trustees [Member] | Pending Litigation [Member]
Loss Contingency, Damages Sought, Value					$ 25,000,000
Property Located at 4144 North Central Expressway in Dallas [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted							$ 14,400,000
Uptown Tower [Member] | Performance Guarantee [Member] | Guarantee Obligations [Member]
Guarantee Obligation, Additional Amount Due						$ 4,600,000
Interest Payable						6,300,000
Escrow Deposit						$ 1,700,000