Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. More Details
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Undervalued second-rate dividend payer.
Share Price & News
How has Whitestone REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WSR's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: WSR underperformed the US REITs industry which returned -16.5% over the past year.
Return vs Market: WSR underperformed the US Market which returned 12.7% over the past year.
Price Volatility Vs. Market
How volatile is Whitestone REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StDoes Whitestone REIT's (NYSE:WSR) CEO Salary Compare Well With Industry Peers?
1 month ago | Simply Wall StCould The Whitestone REIT (NYSE:WSR) Ownership Structure Tell Us Something Useful?
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 ($5.78) is trading below our estimate of fair value ($15.64)
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 (12.1x) compared to the US REITs industry average (32.5x).
PE vs Market: WSR is good value based on its PE Ratio (12.1x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: WSR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WSR is good value based on its PB Ratio (0.7x) compared to the US REITs industry average (1.4x).
How is Whitestone REIT forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WSR's earnings are forecast to decline over the next 3 years (-6.5% per year).
Earnings vs Market: WSR's earnings are forecast to decline over the next 3 years (-6.5% per year).
High Growth Earnings: WSR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WSR's revenue (2.8% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: WSR's revenue (2.8% 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 $13.6M impacting its June 30 2020 financial results.
Growing Profit Margin: WSR's current net profit margins (16.5%) are lower than last year (17.6%).
Past Earnings Growth Analysis
Earnings Trend: WSR's earnings have grown significantly by 31% 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 (-7.9%) over the past year, making it difficult to compare to the REITs industry average (3.3%).
Return on Equity
High ROE: WSR's Return on Equity (6%) is considered low.
How is Whitestone REIT's financial position?
Financial Position Analysis
Short Term Liabilities: WSR's short term assets ($72.8M) exceed its short term liabilities ($32.7M).
Long Term Liabilities: WSR's short term assets ($72.8M) do not cover its long term liabilities ($700.9M).
Debt to Equity History and Analysis
Debt Level: WSR's debt to equity ratio (205.8%) is considered high.
Reducing Debt: WSR's debt to equity ratio has increased from 160.1% to 205.8% over the past 5 years.
Debt Coverage: WSR's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: WSR's interest payments on its debt are not well covered by EBIT (1.3x coverage).
What is Whitestone REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WSR's dividend (7.27%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: WSR's dividend (7.27%) is in the top 25% of dividend payers in the US market (4.88%)
Stability and Growth of Payments
Stable Dividend: WSR's dividend payments have been volatile in the past 10 years.
Growing Dividend: WSR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109.8%), WSR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WSR's dividends in 3 years are forecast to be covered by earnings (56.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Mastandrea (77 yo)
Mr. James C. Mastandrea, also known as Jim, has been the Chief Executive Officer at Whitestone REIT since October 2006. Mr. Mastandrea has been the President and Chairman of the Board of Pillarstone Capita ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD2.62M) is above average for companies of similar size in the US market ($USD1.34M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
|Chairman & CEO||13.92yrs||US$2.62m||2.65% |
|Chief Financial Officer||13.83yrs||US$1.34m||0.94% |
|COO, Executive VP & Secretary||13.92yrs||US$723.93k||0.38% |
|Executive Vice President of Corporate Strategy||2.58yrs||US$769.69k||0.48% |
|Director of Investor Relations||no data||no data||no data|
|General Counsel||0.83yr||no data||no data|
|Director of Human Resources||no data||no data||no data|
|Corporate Counsel||no data||no data||no data|
|VP & Controller||12.08yrs||no data||no data|
|Director of Leasing - Southwest||9yrs||no data||no data|
|Member of Leasing Team - Southwest||9yrs||no data||no data|
|Director of Leasing - Texas/Illinois Central Division||8.67yrs||no data||no data|
Experienced Management: WSR's management team is seasoned and experienced (9 years average tenure).
|Chairman & CEO||13.92yrs||US$2.62m||2.65% |
|Independent Trustee||7.5yrs||US$64.25k||0.15% |
|Independent Trustee||0.58yr||no data||0.015% |
|Trustee Emeritus||7.67yrs||no data||no data|
|Independent Trustee||20.67yrs||US$63.75k||0.13% |
|Independent Trustee||3yrs||US$64.25k||0.026% |
|Lead Independent Trustee||no data||US$65.25k||0.025% |
Experienced Board: WSR's board of directors are considered experienced (7.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WSR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.
Whitestone REIT's company bio, 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$257.742m
- Market Cap: US$244.752m
- Shares outstanding: 43.17m
- Website: https://www.whitestonereit.com
Number of Employees
- Whitestone REIT
- 2600 South Gessner Road
- Suite 500
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WSR||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Aug 2010|
Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "e-commerce resistant" neighborhood, community and lifestyle retail centers principally loc ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/23 06:15|
|End of Day Share Price||2020/09/22 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.