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WSR

WSR - Whitestone REIT Stock Price, Fair Value and News

12.41USD-0.05 (-0.40%)Market Closed

Market Summary

WSR
USD12.41-0.05
Market Closed
-0.40%

WSR Alerts

  • Big jump in Earnings (Y/Y)

WSR Stock Price

View Fullscreen

WSR RSI Chart

WSR Valuation

Market Cap

620.0M

Price/Earnings (Trailing)

25.13

Price/Sales (Trailing)

4.18

EV/EBITDA

6.4

Price/Free Cashflow

11.44

WSR Price/Sales (Trailing)

WSR Profitability

EBT Margin

19.17%

Return on Equity

5.77%

Return on Assets

2.2%

Free Cashflow Yield

8.74%

WSR Fundamentals

WSR Revenue

Revenue (TTM)

148.3M

Rev. Growth (Yr)

3.66%

Rev. Growth (Qtr)

-0.96%

WSR Earnings

Earnings (TTM)

24.7M

Earnings Growth (Yr)

142.79%

Earnings Growth (Qtr)

506.1%

Breaking Down WSR Revenue

Last 7 days

-0.4%

Last 30 days

14.8%

Last 90 days

-0.4%

Trailing 12 Months

44.6%

How does WSR drawdown profile look like?

WSR Financial Health

WSR Investor Care

Dividend Yield

3.87%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

1.08%

Diluted EPS (TTM)

0.48

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024148.3M000
2023141.1M142.6M144.4M147.0M
2022130.4M134.8M137.8M139.4M
2021116.4M119.4M121.9M125.4M
2020120.1M118.2M118.2M117.9M
2019119.8M119.9M119.1M119.3M
2018127.5M126.7M123.8M119.9M
2017107.3M112.3M120.5M126.0M
201697.6M100.8M101.7M104.4M
201576.3M81.0M87.0M93.4M
201464.4M67.3M70.0M72.4M
201349.6M53.0M57.2M60.5M
201237.3M40.2M43.0M46.6M
201132.0M32.3M33.2M34.9M
2010032.3M31.9M31.5M
200900032.7M

Tracking the Latest Insider Buys and Sells of Whitestone REIT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 31, 2023
hogan john scott
sold (taxes)
-152,298
12.29
-12,392
chief financial officer
Dec 31, 2023
mastandrea christine j
acquired
-
-
60,000
chief operating officer
Dec 31, 2023
holeman david k
sold (taxes)
-438,986
12.29
-35,719
chief executive officer
Dec 31, 2023
hogan john scott
acquired
-
-
48,000
chief financial officer
Dec 31, 2023
mastandrea christine j
sold (taxes)
-188,209
12.29
-15,314
chief operating officer
Dec 31, 2023
siv soklin
acquired
-
-
20,000
vp of human resources
Dec 31, 2023
siv soklin
sold (taxes)
-68,504
12.29
-5,574
vp of human resources
Dec 31, 2023
tropoli peter
sold (taxes)
-164,268
12.29
-13,366
general counsel & secretary
Dec 31, 2023
holeman david k
acquired
-
-
120,000
chief executive officer
Dec 31, 2023
tropoli peter
acquired
-
-
52,000
general counsel & secretary

1–10 of 50

Which funds bought or sold WSR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-5.24
-19,823
593,264
-%
May 16, 2024
HANCOCK WHITNEY CORP
added
0.85
5,663
195,657
0.01%
May 16, 2024
Garner Asset Management Corp
added
2.4
18,768
861,000
0.42%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-38.83
-75,631
125,839
-%
May 15, 2024
BANK OF AMERICA CORP /DE/
reduced
-38.43
-551,506
934,001
-%
May 15, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
5.37
37,000
538,000
-%
May 15, 2024
Voya Investment Management LLC
reduced
-5.28
-38,858
1,145,640
-%
May 15, 2024
HGI Capital Management, LLC
added
297
1,541,870
2,046,670
2.20%
May 15, 2024
AMUNDI
added
6.3
-211
80,639
-%
May 15, 2024
STEPHENS INC /AR/
added
16.81
68,005
420,789
0.01%

1–10 of 46

Are Funds Buying or Selling WSR?

Are funds buying WSR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WSR
No. of Funds

Unveiling Whitestone REIT's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Apr 02, 2024
mcb pr capital llc
4.98%
2,490,000
SC 13G/A
Feb 13, 2024
vanguard group inc
11.15%
5,527,136
SC 13G/A
Feb 07, 2024
mcb pr capital llc
5.5%
2,500,000
SC 13G
Jan 22, 2024
blackrock inc.
15.7%
7,791,748
SC 13G/A
Dec 08, 2023
vanguard group inc
11.16%
5,531,957
SC 13G/A
Feb 09, 2023
vanguard group inc
6.35%
3,134,594
SC 13G/A
Jan 24, 2023
blackrock inc.
15.9%
7,876,839
SC 13G/A
Jan 28, 2022
blackrock inc.
15.4%
7,555,899
SC 13G/A
Nov 10, 2021
vanguard group inc
5.07%
2,491,038
SC 13G/A
Mar 10, 2021
vanguard group inc
10.16%
4,307,968
SC 13G/A

Recent SEC filings of Whitestone REIT

View All Filings
Date Filed Form Type Document
May 17, 2024
8-K
Current Report
May 14, 2024
8-K
Current Report
May 10, 2024
DEFA14A
DEFA14A
May 09, 2024
DFAN14A
DFAN14A
May 08, 2024
DFAN14A
DFAN14A
May 07, 2024
DEFA14A
DEFA14A
May 06, 2024
DEFA14A
DEFA14A
May 06, 2024
DFAN14A
DFAN14A
May 02, 2024
10-Q
Quarterly Report
May 02, 2024
DEFA14A
DEFA14A

Peers (Alternatives to Whitestone REIT)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
90.9B
11.2B
13.13% 1.87%
46.04
8.11
3.63% 50.79%
44.7B
6.8B
10.57% -9.74%
32.06
6.53
-2.39% -16.60%
28.3B
2.8B
9.91% 13.04%
29.6
10.08
5.72% -6.47%
21.7B
3.0B
6.63% 6.21%
110.61
7.35
10.44% -73.79%
13.5B
-
6.12% 9.11%
31.9
8.3
8.93% 11.87%
11.3B
1.4B
6.30% 4.57%
30.12
8.22
10.48% -2.93%
9.9B
3.3B
9.08% 28.09%
51.64
3
4.82% -75.15%
MID-CAP
8.5B
1.2B
5.40% 14.57%
35.59
7.38
5.48% -38.69%
3.4B
892.3M
6.62% 140.10%
-6.71
3.85
-5.33% -307.54%
3.4B
878.0M
1.11% 67.10%
-9.8
3.82
2.35% -290.60%
SMALL-CAP
1.4B
444.1M
12.17% 21.82%
20.36
3.15
3.54% 8.91%
1.2B
198.2M
6.70% -0.84%
-7.55
6.02
-43.33% -308.08%
1.1B
650.2M
7.51% 2.13%
36.77
1.73
27.93% 140.31%
572.0M
285.4M
-8.06% -36.92%
-4.15
2
11.05% 83.70%
459.4M
277.2M
15.74% -12.95%
-56.03
1.66
25.89% 94.64%

Whitestone REIT News

Latest updates
MarketBeat • 8 hours ago
Yahoo News Australia • 16 May 2024 • 11:57 pm
Yahoo Lifestyle Australia • 12 May 2024 • 02:11 am
Markets Insider • 30 Apr 2024 • 09:20 am
Seeking Alpha • 22 Apr 2024 • 07:00 am

Whitestone REIT Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-1.0%37.0038.0037.0036.0036.0035.0035.0035.0034.0033.0032.0031.0029.0030.0030.0028.0031.0030.0030.0030.0030.00
Costs and Expenses0.7%26.0025.0025.0025.0024.0023.0025.0024.0021.0025.0023.0021.00---------
Operating Expenses---------6.006.006.006.006.004.006.007.007.006.007.006.006.00
  S&GA Expenses-100.0%-5.005.005.005.005.005.005.003.007.006.005.006.006.006.005.005.005.006.005.006.00
EBITDA Margin6.9%0.65*0.60*0.73*0.73*0.67*0.68*0.54*0.54*0.54*0.51*0.48*0.49*---------
Interest Expenses2.6%9.008.008.008.008.008.007.006.006.006.006.006.006.006.006.006.007.007.007.007.007.00
Income Taxes7.2%0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Earnings Before Taxes200.2%10.003.003.0013.004.0020.004.005.007.003.003.003.00---------
EBT Margin22.2%0.19*0.16*0.28*0.29*0.24*0.26*0.13*0.13*0.12*0.08*0.05*0.05*---------
Net Income506.1%9.002.002.0011.004.0020.004.004.007.003.003.005.001.003.001.000.002.0016.002.003.003.00
Net Income Margin27.5%0.17*0.13*0.26*0.27*0.23*0.25*0.13*0.13*0.14*0.10*0.10*0.09*---------
Free Cashflow-1.9%12.0012.0014.0017.005.0011.0015.0013.005.0015.0018.0010.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.8%1,1221,1131,1181,1291,0941,1031,1001,0891,0951,1021,0711,0341,0371,0451,0651,0711,0711,0561,0121,0131,019
    Cash Equivalents35.9%6.005.003.003.003.006.0010.008.0011.0016.0011.0022.0023.0026.0039.0040.0037.0016.006.005.005.00
Liabilities0.1%694694685697675678689683690703677668698707729734730703679675671
Shareholder's Equity3.3%427414427432419418411406405399394366338338336337341353333338348
  Retained Earnings1.5%-213-216-212-209-214-212-226-224--223-----------
  Additional Paid-In Capital0.0%628628627626626625624623622623619590563562560559557555540534529
Shares Outstanding0.7%50.0050.0050.0050.0049.0049.0049.0049.0049.0045.0044.0046.00---------
Minority Interest-4.4%6.006.006.006.006.006.006.006.006.006.006.006.006.006.006.006.007.008.008.008.008.00
Float----480---529---377---308---509-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-1.9%11,52411,74614,14316,7964,91510,97215,14613,3984,91515,33717,6149,9864,10313,55615,3008,7075,21317,77211,36112,5506,065
  Share Based Compensation-30.7%8611,2421,0057257551,272869783-1,4131,8471,4911,1771,3982,0831,5921,1401,2481,9351,6401,0251,883
Cashflow From Investing60.3%-4,584-11,5409,451-30,697-3,5293,404-2,922-3,837-3,359-31,808-55,923-1,971-1,528-1,554-1,833-1,460-1,593-32,433-3,725-3,773-2,455
Cashflow From Financing-494.2%-5,3651,361-23,57013,278-4,069-17,588-11,305-12,169-6,21421,42126,788-10,289-5,605-25,164-14,428-4,04717,61624,766-7,515-8,634-12,716
  Dividend Payments-100.0%-5,9305,9285,9135,9135,9095,9015,8805,2685,2574,9814,6024,4804,4324,4304,41311,92811,58011,43011,31611,301
  Buy Backs-1,442-236289-10.00249278-13.002501043241.006.004401,630--14.00762
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WSR Income Statement

2024-03-31
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Rental(1)[1]$ 36,741$ 35,497
Management, transaction, and other fees423354
Total revenues37,16435,851
Depreciation and amortization8,8007,846
Operating and maintenance6,3496,086
Real estate taxes4,2384,708
General and administrative6,1805,084
Total operating expenses25,56723,724
Other expenses (income)  
Interest Expense, Operating and Nonoperating8,5197,903
Gain on sale of properties(6,525)0
Loss on disposal of assets06
Interest, dividend and other investment income(8)(20)
Total other expenses1,9867,889
Income before equity investment in real estate partnership and income tax9,6114,238
Deficit in earnings of real estate partnership(28)(218)
Provision for income tax(119)(119)
Net income9,4643,901
Less: Net income attributable to noncontrolling interests12454
Net income attributable to Whitestone REIT$ 9,340$ 3,847
Basic Earnings Per Share:  
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)$ 0.19$ 0.08
Diluted Earnings Per Share:  
Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)$ 0.18$ 0.08
Weighted average number of common shares outstanding:  
Basic (in shares)49,94049,424
Diluted (in shares)51,11250,160
Consolidated Statements of Comprehensive Income (Loss)  
Net income$ 9,464$ 3,901
Other comprehensive income (Loss)  
Amount Recognized as Comprehensive income5,007(4,587)
Comprehensive income14,471(686)
Less: Net income attributable to noncontrolling interests12454
Less: Comprehensive income (loss) attributable to noncontrolling interests66(64)
Comprehensive income (loss) attributable to Whitestone REIT14,281(676)
Rental revenues26,86425,740
Recoveries10,47710,081
Bad debt(600)(324)
Total rental[1]$ 36,741$ 35,497
[1]Rental Rental revenues $ 26,521 $ 25,244 $ 78,780 $ 75,023 Recoveries 10,535 10,152 30,571 29,092 Bad debt (389 ) (367 ) (946 ) (615 ) Total rental $ 36,667 $ 35,029 $ 108,405 $ 103,500

WSR Balance Sheet

2024-03-31
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Property$ 1,230,936$ 1,221,466
Accumulated depreciation(232,867)(229,767)
Total real estate assets998,069991,699
Investment in real estate partnership[1],[2],[3]031,671
Cash and cash equivalents6,2154,572
Restricted cash068
Escrows and deposits17,27224,148
Accrued rents and accounts receivable, net of allowance for doubtful accounts31,05530,592
Receivable from partnership redemption31,6430
Other receivables31,6430
Unamortized lease commissions, legal fees and loan costs14,20013,783
Prepaid expenses and other assets(1)[4]11,3024,765
Finance lease right-of-use assets10,40610,428
Total assets(1)1,121,6841,113,239
Liabilities:  
Notes payable644,981640,172
Accounts payable and accrued expenses(2)[5]32,13336,513
Tenants' security deposits8,7998,614
Dividends and distributions payable6,2156,025
Finance lease liabilities716721
Total liabilities694,421693,622
Commitments and contingencies:
Equity:  
Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of March 31, 2024 and December 31, 202300
Common shares, $0.001 par value per share; 400,000,000 shares authorized; 49,958,896 and 49,610,831 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively5050
Additional paid-in capital627,876628,079
Accumulated deficit(213,798)(216,963)
Accumulated other comprehensive income7,5172,576
Total Whitestone REIT shareholders' equity421,645413,742
Noncontrolling interest in subsidiary5,6185,875
Total equity427,263419,617
Total liabilities and equity(2)1,121,6841,113,239
(1) Operating lease right of use assets (net)108109
(2) Operating lease liabilities112112
Related Parties [Member]  
Receivable from partnership redemption1,5221,513
Other receivables1,5221,513
Liabilities:  
Other liabilities$ 1,577$ 1,577
[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
WSR
Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy.
 CEO
 WEBSITEwhitestonereit.com
 INDUSTRYREIT Mortgage
 EMPLOYEES77

Whitestone REIT Frequently Asked Questions


What is the ticker symbol for Whitestone REIT? What does WSR stand for in stocks?

WSR is the stock ticker symbol of Whitestone REIT. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Whitestone REIT (WSR)?

As of Fri May 17 2024, market cap of Whitestone REIT is 620 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WSR stock?

You can check WSR's fair value in chart for subscribers.

What is the fair value of WSR stock?

You can check WSR's fair value in chart for subscribers. The fair value of Whitestone REIT is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Whitestone REIT is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WSR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Whitestone REIT a good stock to buy?

The fair value guage provides a quick view whether WSR is over valued or under valued. Whether Whitestone REIT is cheap or expensive depends on the assumptions which impact Whitestone REIT's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WSR.

What is Whitestone REIT's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, WSR's PE ratio (Price to Earnings) is 25.13 and Price to Sales (PS) ratio is 4.18. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WSR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Whitestone REIT's stock?

In the past 10 years, Whitestone REIT has provided 0.054 (multiply by 100 for percentage) rate of return.