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Whitestone REITNYSE:WSR Stock Report

Market Cap US$685.0m
Share Price
US$13.35
My Fair Value
n/a
1Y-7.5%
7D6.5%
Portfolio Value
​
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Whitestone REIT

NYSE:WSR Stock Report

Market Cap: US$685.0m

Whitestone REIT (WSR) Stock Overview

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. More details

WSR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 19% below our estimate of its fair value

Earnings grew by 110.6% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 12.4% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

Unstable dividend track record


WSR Community Fair Values

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Whitestone REIT

High-growth Sunbelt Markets Will Drive Retail Evolution Despite Elevated Risks

Key Takeaways Strong presence in growing Sunbelt markets and focus on service-oriented tenants are driving leasing demand, higher rents, and resilient earnings growth. Redevelopment, strategic acquisitions, and capital recycling in affluent neighborhoods support superior rental rate growth, asset value appreciation, and margin expansion.
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US$14.93
FV
10.6% undervalued intrinsic discount
3.73%
Revenue growth p.a.
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Whitestone REIT Competitors

Price History & Performance

Summary of share price highs, lows and changes for Whitestone REIT
Historical stock prices
Current Share PriceUS$13.35
52 Week HighUS$15.36
52 Week LowUS$11.43
Beta0.83
1 Month Change13.91%
3 Month Change11.53%
1 Year Change-7.55%
3 Year Change42.78%
5 Year Change83.13%
Change since IPO16.09%

Recent News & Updates

Recent updates

Whitestone REIT: A Growth Case For Retail, In States That Keep Growing

Sep 23

Whitestone REIT: Undervalued Gem With Double-Digit Rent Spreads

Apr 16

Whitestone REIT: Sunbelt Powerhouse Poised For Potential Market-Beating Returns

Jan 30

Whitestone REIT: Retail Has Finally Right Sized

Dec 23

Whitestone REIT: Weighing Potential Amid Risks

Nov 15

Whitestone Buyout Offer Undervalues Its Assets

Oct 11
User avatar

Revitalizing Real Estate Through Critical Leasing And Re-merchandising Spurs Earnings Surge

Strong leasing spreads and improvement in same-store NOI highlight robust demand, operational efficiency, and potential for revenue and profit margin growth.

Whitestone: Growth At A Great Price

Sep 09

Whitestone REIT: Southwest's Growing Pains Will Be Retail Landlords' Growing Gains

Aug 30

Whitestone REIT: Taking Profits Home And Downgrading To Hold

Aug 02

Whitestone REIT: Monthly-Paying Growth REIT With A 3.7% Yield

Jul 08

Whitestone REIT: Undersupplied Submarkets Portend Growth

Apr 22

Whitestone REIT: A Concentrated REIT With A 4.4% Yield

Apr 15

Whitestone REIT: 4.1% Dividend Yield, Recent Hike And Sunbelt Focus

Mar 09

Shareholder Returns

WSRUS Retail REITsUS Market
7D6.5%1.6%-2.0%
1Y-7.5%-4.5%12.1%

Return vs Industry: WSR underperformed the US Retail REITs industry which returned -4.5% over the past year.

Return vs Market: WSR underperformed the US Market which returned 12.3% over the past year.

Price Volatility

Is WSR's price volatile compared to industry and market?
WSR volatility
WSR Average Weekly Movement3.6%
Retail REITs Industry Average Movement2.7%
Market Average Movement6.5%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: WSR has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: WSR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199869Dave Holemanwww.whitestonereit.com

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.

Whitestone REIT Fundamentals Summary

How do Whitestone REIT's earnings and revenue compare to its market cap?
WSR fundamental statistics
Market capUS$685.05m
Earnings (TTM)US$44.43m
Revenue (TTM)US$157.79m
15.3x
P/E Ratio
4.3x
P/S Ratio

Is WSR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WSR income statement (TTM)
RevenueUS$157.79m
Cost of RevenueUS$48.00m
Gross ProfitUS$109.79m
Other ExpensesUS$65.36m
EarningsUS$44.43m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.87
Gross Margin69.58%
Net Profit Margin28.15%
Debt/Equity Ratio144.3%

How did WSR perform over the long term?

See historical performance and comparison

Dividends

4.0%
Current Dividend Yield
50%
Payout Ratio

Does WSR pay a reliable dividends?

See WSR dividend history and benchmarks
When do you need to buy WSR by to receive an upcoming dividend?
Whitestone REIT dividend dates
Ex Dividend DateNov 03 2025
Dividend Pay DateNov 13 2025
Days until Ex dividend6 days
Days until Dividend pay date4 days

Does WSR pay a reliable dividends?

See WSR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/07 15:46
End of Day Share Price 2025/11/07 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Whitestone REIT is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gaurav MehtaAlliance Global Partners
Richard MilliganBaird
Paul AdornatoBMO Capital Markets Equity Research