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WSR

Whitestone REITNYSE:WSR Stock Report

Market Cap

US$472.1m

7D

-0.9%

1Y

18.8%

Updated

26 Nov, 2021

Data

Company Financials +
WSR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health2/6
Dividends4/6

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.

Whitestone REIT Competitors

Agree Realty

NYSE:ADC

US$4.8b

Kite Realty Group Trust

NYSE:KRG

US$4.6b

Retail Opportunity Investments

NasdaqGS:ROIC

US$2.3b

Acadia Realty Trust

NYSE:AKR

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for Whitestone REIT
Historical stock prices
Current Share PriceUS$9.46
52 Week HighUS$10.43
52 Week LowUS$7.48
Beta1.33
1 Month Change0%
3 Month Change-5.78%
1 Year Change18.84%
3 Year Change-32.81%
5 Year Change-28.17%
Change since IPO-17.74%

Recent News & Updates

Sep 15

Whitestone REIT: 5% Yield And Strong Upside Potential

"Location, location, and location" are the three most important criteria of real estate investing, and Whitestone REIT owns some of the very best locations. It's priced at a steep discount to fair value due because retail is hated. We expect 50% upside, and while you wait, you earn a near 5% dividend yield that's set for rapid growth.

Shareholder Returns

WSRUS REITsUS Market
7D-0.9%-1.4%-2.7%
1Y18.8%28.4%21.3%

Return vs Industry: WSR underperformed the US REITs industry which returned 31.4% over the past year.

Return vs Market: WSR underperformed the US Market which returned 24.7% over the past year.

Price Volatility

Is WSR's price volatile compared to industry and market?
WSR volatility
WSR Average Weekly Movement3.0%
REITs Industry Average Movement3.4%
Market Average Movement5.9%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.2%

Stable Share Price: WSR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: WSR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199891Jim Mastandreahttps://www.whitestonereit.com

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

How do Whitestone REIT's earnings and revenue compare to its market cap?
WSR fundamental statistics
Market CapUS$472.14m
Earnings (TTM)US$10.72m
Revenue (TTM)US$122.64m

44.0x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WSR income statement (TTM)
RevenueUS$122.64m
Cost of RevenueUS$38.83m
Gross ProfitUS$83.82m
ExpensesUS$73.10m
EarningsUS$10.72m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin68.34%
Net Profit Margin8.74%
Debt/Equity Ratio159.4%

How did WSR perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

46%

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 DateDec 01 2021
Dividend Pay DateDec 13 2021
Days until Ex dividend4 days
Days until Dividend pay date16 days

Does WSR pay a reliable dividends?

See WSR dividend history and benchmarks

Valuation

Is Whitestone REIT undervalued compared to its fair value and its price relative to the market?

40.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WSR ($9.46) is trading below our estimate of fair value ($15.98)

Significantly Below Fair Value: WSR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WSR is good value based on its PE Ratio (44x) compared to the US REITs industry average (47x).

PE vs Market: WSR is poor value based on its PE Ratio (44x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: WSR is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: WSR is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (2x).


Future Growth

How is Whitestone REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

23.4%

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 (14.4% 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 (10.1% 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


Past Performance

How has Whitestone REIT performed over the past 5 years?

11.6%

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 (29.4%).


Return on Equity

High ROE: WSR's Return on Equity (2.8%) is considered low.


Financial Health

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).


Balance Sheet


Dividend

What is Whitestone REIT current dividend yield, its reliability and sustainability?

4.55%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateDec 01 2021Dividend Pay DateDec 13 202112 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: WSR's dividend (4.55%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: WSR's dividend (4.55%) is in the top 25% of dividend payers in the US market (3.48%)


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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.3yrs

Average management tenure


CEO

Jim Mastandrea (78 yo)

15.08yrs

Tenure

US$3,088,683

Compensation

Mr. James C. Mastandrea, also known as Jim, has been the Chief Executive Officer and Chairman at Whitestone REIT since October 2006. Mr. Mastandrea has been the President and Chairman of the Board of Pilla...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD3.09M) is above average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WSR's management team is seasoned and experienced (13.3 years average tenure).


Board Members

Experienced Board: WSR's board of directors are considered experienced (8.7 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.7%.


Top Shareholders

Company Information

Whitestone REIT's employee growth, exchange listings and data sources


Key Information

  • Name: Whitestone REIT
  • Ticker: WSR
  • Exchange: NYSE
  • Founded: 1998
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$472.136m
  • Market Cap: US$464.610m
  • Shares outstanding: 49.89m
  • Website: https://www.whitestonereit.com

Number of Employees


Location

  • Whitestone REIT
  • 2600 South Gessner Road
  • Suite 500
  • Houston
  • Texas
  • 77063
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:25
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.