WSR Stock Overview
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt.
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Whitestone REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.52|
|52 Week High||US$10.58|
|52 Week Low||US$7.56|
|1 Month Change||6.48%|
|3 Month Change||11.21%|
|1 Year Change||26.90%|
|3 Year Change||-25.60%|
|5 Year Change||-24.37%|
|Change since IPO||-8.52%|
Recent News & Updates
Whitestone REIT Is A Buy Opportunity
High debt and management compensation have put downward pressure on the value of WSR stock. Management has a lot of skin in the game and it is in their interest to reduce debt and G&A expenses. WSR benefits from "the great tech exodus".
|WSR||US REITs||US Market|
Return vs Industry: WSR exceeded the US REITs industry which returned 23.3% over the past year.
Return vs Market: WSR exceeded the US Market which returned 4.2% over the past year.
|WSR Average Weekly Movement||3.7%|
|REITs Industry Average Movement||4.1%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.4%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: WSR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: WSR's weekly volatility (4%) has been stable over the past year.
About the Company
Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years.
Whitestone REIT Fundamentals Summary
|WSR fundamental statistics|
Is WSR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WSR income statement (TTM)|
|Cost of Revenue||US$38.83m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.21|
|Net Profit Margin||8.74%|
How did WSR perform over the long term?See historical performance and comparison
4.1%Current Dividend Yield
Does WSR pay a reliable dividends?See WSR dividend history and benchmarks
|Whitestone REIT dividend dates|
|Ex Dividend Date||Feb 01 2022|
|Dividend Pay Date||Feb 11 2022|
|Days until Ex dividend||6 days|
|Days until Dividend pay date||16 days|
Does WSR pay a reliable dividends?See WSR dividend history and benchmarks
Is Whitestone REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WSR ($10.52) is trading below our estimate of fair value ($16.77)
Significantly Below Fair Value: WSR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WSR is poor value based on its PE Ratio (49x) compared to the US REITs industry average (44x).
PE vs Market: WSR is poor value based on its PE Ratio (49x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: WSR is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: WSR is good value based on its PB Ratio (1.4x) compared to the US REITs industry average (2x).
How is Whitestone REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSR's forecast earnings growth (23.4% per year) is above the savings rate (2%).
Earnings vs Market: WSR's earnings (23.4% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WSR's revenue (4.2% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: WSR's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if WSR's Return on Equity is forecast to be high in 3 years time
How has Whitestone REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WSR has a large one-off gain of $2.3M impacting its September 30 2021 financial results.
Growing Profit Margin: WSR's current net profit margins (8.7%) are lower than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: WSR's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: WSR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WSR had negative earnings growth (-43%) over the past year, making it difficult to compare to the REITs industry average (30.5%).
Return on Equity
High ROE: WSR's Return on Equity (2.8%) is considered low.
How is Whitestone REIT's financial position?
Financial Position Analysis
Short Term Liabilities: WSR's short term assets ($46.1M) exceed its short term liabilities ($40.3M).
Long Term Liabilities: WSR's short term assets ($46.1M) do not cover its long term liabilities ($636.5M).
Debt to Equity History and Analysis
Debt Level: WSR's net debt to equity ratio (156.7%) is considered high.
Reducing Debt: WSR's debt to equity ratio has reduced from 212.3% to 159.4% over the past 5 years.
Debt Coverage: WSR's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: WSR's interest payments on its debt are not well covered by EBIT (1.4x coverage).
What is Whitestone REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WSR's dividend (4.09%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: WSR's dividend (4.09%) is in the top 25% of dividend payers in the US market (3.57%)
Stability and Growth of Payments
Stable Dividend: WSR's dividend payments have been volatile in the past 10 years.
Growing Dividend: WSR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.8%), WSR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSR's dividends in 3 years are forecast to be well covered by earnings (39.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Holeman (58 yo)
Mr. David K. Holeman, also known as Dave, CPA, has been the Chief Executive Officer at Whitestone REIT since January 18, 2022 and served as its Chief Financial Officer since November 21, 2006 until January...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD1.63M) is about average for companies of similar size in the US market ($USD1.70M).
Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: WSR's management team is considered experienced (4.7 years average tenure).
Experienced Board: WSR's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.7%.
Whitestone REIT's employee growth, exchange listings and data sources
- Name: Whitestone REIT
- Ticker: WSR
- Exchange: NYSE
- Founded: 1998
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$524.668m
- Market Cap: US$516.669m
- Shares outstanding: 49.89m
- Website: https://www.whitestonereit.com
Number of Employees
- Whitestone REIT
- 2600 South Gessner Road
- Suite 500
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/26 01:02|
|End of Day Share Price||2022/01/25 00:00|
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 here.