Whitestone REIT Balance Sheet Health
Financial Health criteria checks 2/6
Whitestone REIT has a total shareholder equity of $427.3M and total debt of $645.0M, which brings its debt-to-equity ratio to 151%. Its total assets and total liabilities are $1.1B and $694.4M respectively. Whitestone REIT's EBIT is $44.0M making its interest coverage ratio 1.3. It has cash and short-term investments of $13.8M.
Key information
151.0%
Debt to equity ratio
US$644.98m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$13.84m |
| Equity | US$427.26m |
| Total liabilities | US$694.42m |
| Total assets | US$1.12b |
Recent financial health updates
No updates
Recent updates
Whitestone 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 17Whitestone REIT: Crisis Resistant Retail Trading 50 Cents On The Dollar
Jun 06Whitestone REIT: Weighing The Pros And Cons
Feb 08Real Estate At 50 Cents On The Dollar: The Case For Whitestone REIT
Jan 05Whitestone REIT acquires Lake Woodlands Crossing
Dec 22Whitestone REIT signs lease agreement with EoS Fitness
Dec 09Whitestone REIT FFO of $0.24 in-line, revenue of $35.38M beats by $0.25M
Nov 01Whitestone REIT amends and extends $515 million credit facility
Sep 19Whitestone REIT: Too Cheap To Ignore
Aug 27Whitestone REIT FFO of $0.25 beats by $0.01, revenue of $35M beats by $0.74M
Aug 02Financial Position Analysis
Short Term Liabilities: WSR's short term assets ($98.9M) exceed its short term liabilities ($85.1M).
Long Term Liabilities: WSR's short term assets ($98.9M) do not cover its long term liabilities ($609.4M).
Debt to Equity History and Analysis
Debt Level: WSR's net debt to equity ratio (147.7%) is considered high.
Reducing Debt: WSR's debt to equity ratio has reduced from 179.5% to 151% over the past 5 years.
Debt Coverage: WSR's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: WSR's interest payments on its debt are not well covered by EBIT (1.3x coverage).