Whitestone REIT Balance Sheet Health
Financial Health criteria checks 2/6
Whitestone REIT has a total shareholder equity of $436.6M and total debt of $641.3M, which brings its debt-to-equity ratio to 146.9%. Its total assets and total liabilities are $1.1B and $690.1M respectively. Whitestone REIT's EBIT is $50.6M making its interest coverage ratio 1.5. It has cash and short-term investments of $5.6M.
Key information
146.9%
Debt to equity ratio
US$641.30m
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$5.59m |
| Equity | US$436.57m |
| Total liabilities | US$690.12m |
| Total assets | US$1.13b |
Recent financial health updates
No updates
Recent updates
Whitestone REIT: Undervalued Gem With Double-Digit Rent Spreads
Apr 16Whitestone REIT: Sunbelt Powerhouse Poised For Potential Market-Beating Returns
Jan 30Whitestone REIT: Retail Has Finally Right Sized
Dec 23Whitestone REIT: Weighing Potential Amid Risks
Nov 15Whitestone Buyout Offer Undervalues Its Assets
Oct 11
Revitalizing Real Estate Through Critical Leasing And Re-merchandising Spurs Earnings Surge
Sep 24 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 09Whitestone REIT: Southwest's Growing Pains Will Be Retail Landlords' Growing Gains
Aug 30Whitestone REIT: Taking Profits Home And Downgrading To Hold
Aug 02Whitestone REIT: Monthly-Paying Growth REIT With A 3.7% Yield
Jul 08Whitestone REIT: Undersupplied Submarkets Portend Growth
Apr 22Whitestone REIT: A Concentrated REIT With A 4.4% Yield
Apr 15Whitestone REIT: 4.1% Dividend Yield, Recent Hike And Sunbelt Focus
Mar 09Whitestone REIT: Positioned To Benefit From Bidenomics
Dec 21Whitestone REIT: A More Clear Buy After Q3 Results
Nov 06Whitestone REIT: An Undervalued REIT With A 4.9% Yield
Sep 06Whitestone REIT: Q2 Results Confirm A Buy Thesis
Aug 03Whitestone REIT: Acceptable Yield And Upside Potential
Jul 17Financial Position Analysis
Short Term Liabilities: WSR's short term assets ($97.2M) exceed its short term liabilities ($38.8M).
Long Term Liabilities: WSR's short term assets ($97.2M) do not cover its long term liabilities ($651.3M).
Debt to Equity History and Analysis
Debt Level: WSR's net debt to equity ratio (145.6%) is considered high.
Reducing Debt: WSR's debt to equity ratio has reduced from 202.9% to 146.9% over the past 5 years.
Debt Coverage: WSR's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: WSR's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/05 10:56 |
| End of Day Share Price | 2025/05/02 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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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 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| Richard Milligan | Baird |
| Paul Adornato | BMO Capital Markets Equity Research |