NYSE:WSRRetail REITs
Whitestone REIT (WSR): Earnings Surge Driven by $15.2 Million One-Off Challenges Quality Narrative
Whitestone REIT (WSR) posted a net profit margin of 21.7%, nearly doubling last year’s 10.8%, and notched 111.3% earnings growth over the past year compared to its five-year average of 23.5% per year. Shares recently changed hands at $12.95, below the estimated fair value of $14.70, with the price-to-earnings ratio sitting at 19.6x, lower than both sector and peer group averages. While forward earnings and revenue growth are expected to lag the broader market, the company’s headline numbers...