Symbols / WSR Stock $18.98 +0.00% Whitestone REIT

Real Estate • REIT - Retail • United States • NYQ
WSR (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Retail
CEO Mr. David K. Holeman CPA
Exch · Country NYQ · United States
Market Cap 987.49M
Enterprise Value 1.63B
Income 50.37M
Sales 164.24M
FCF (ttm) 105.92M
Book/sh 8.97
Cash/sh 0.17
Employees 70
Insider 10d —
IPO Aug 26, 2010
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 52.34%
P/E 19.77
Forward P/E 42.37
PEG —
P/S 6.01
P/B 2.12
P/C —
EV/EBITDA 17.86
EV/Sales 9.92
Quick Ratio 1.44
Current Ratio 1.49
Debt/Eq 139.74
LT Debt/Eq —
EPS (ttm) 0.96
EPS next Y 0.45
EPS Growth 14.30%
Revenue Growth 8.90%
EPS Gr Q/Q 11.90%
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA 2.97%
ROE 11.26%
ROIC —
Gross Margin 68.73%
Oper. Margin 31.21%
Profit Margin 30.67%
Shs Outstand 51.39M
Shs Float 45.43M
Insider Own 12.10%
Instit Own 67.82%
Short Float 1.23%
Short Ratio 0.79
Short Interest 517.50K
52W High 19.01
vs 52W High -0.16%
52W Low 11.43
vs 52W Low 66.05%
Beta 0.80
Impl. Vol. 18.75%
Rel Volume 0.47
Avg Volume 452.85K
Volume 214.62K
Target (mean) $19.00
Tgt Median $19.00
Tgt Low $19.00
Tgt High $19.00
# Analysts 7
Recom None
Prev Close $18.98
Price $18.98
Change 0.00%
About

Whitestone REIT is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy. Whitestone REIT was incorporated in 1998 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.00
Mean price target
2. Current target
$18.98
Latest analyst target
3. DCF / Fair value
$37.10
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.98
Low
$19.00
High
$19.00
Mean
$19.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-10 down Colliers Securities Buy → Neutral —
2026-04-10 down Citizens Market Outperform → Market Perform —
2026-04-09 down Truist Securities Buy → Hold $19
2026-04-09 down Ladenburg Thalmann Buy → Neutral —
2026-03-04 main Truist Securities Buy → Buy $17
2026-03-02 down Maxim Group Buy → Hold —
2026-01-20 main Truist Securities Buy → Buy $16
2025-11-18 main Truist Securities Buy → Buy $15
2025-06-18 reit JMP Securities Market Outperform → Market Outperform $16
2025-05-12 main Truist Securities Buy → Buy $14
2025-03-18 main Truist Securities Buy → Buy $16
2024-12-10 reit JMP Securities Market Outperform → Market Outperform $16
2024-11-29 main Truist Securities Buy → Buy $16
2024-09-19 reit JMP Securities Market Outperform → Market Outperform $15
2024-08-13 main Truist Securities Buy → Buy $15
2024-06-28 reit JMP Securities Market Outperform → Market Outperform $15
2024-04-10 reit JMP Securities Market Outperform → Market Outperform $15
2024-03-18 init Alliance Global Partners — → Buy $15
2024-03-07 reit JMP Securities Market Outperform → Market Outperform $15
2024-01-30 main JMP Securities Market Outperform → Market Outperform $15
News
RSS: Latest WSR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 TROPOLI PETER A General Counsel — 13,435 $0.00 $0
2026-04-01 HOLEMAN DAVID K Chief Executive Officer — 24,032 $0.00 $0
2026-04-01 MASTANDREA CHRISTINE J President — 18,525 $0.00 $0
2026-04-01 HOGAN JOHN SCOTT Chief Financial Officer — 14,019 $0.00 $0
2026-04-01 SIV SOKLIN Officer — 6,996 $0.00 $0
2026-01-02 TROPOLI PETER A General Counsel — 38,314 $0.00 $0
2026-01-02 HOLEMAN DAVID K Chief Executive Officer — 87,576 $0.00 $0
2026-01-02 MASTANDREA CHRISTINE J President — 51,998 $0.00 $0
2026-01-02 HOGAN JOHN SCOTT Chief Financial Officer — 38,314 $0.00 $0
2026-01-02 SIV SOKLIN Officer — 24,084 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
161.74
+4.00%
155.51
+5.13%
147.92
+5.22%
140.58
Operating Revenue
161.74
+4.00%
155.51
+5.13%
147.92
+5.22%
140.58
Cost Of Revenue
50.13
+9.04%
45.98
+0.03%
45.96
+6.16%
43.30
Reconciled Cost Of Revenue
50.04
+9.05%
45.89
+0.05%
45.87
+5.95%
43.30
Gross Profit
111.60
+1.89%
109.53
+7.43%
101.96
+4.80%
97.28
Operating Expense
57.15
-1.61%
58.08
+8.33%
53.62
+7.73%
49.77
Selling General And Administration
21.22
-8.50%
23.19
+12.28%
20.65
+14.32%
18.07
General And Administrative Expense
21.22
-8.50%
23.19
+12.28%
20.65
+14.32%
18.07
Other Gand A
21.22
-8.50%
23.19
+12.28%
20.65
+14.32%
18.07
Total Expenses
107.28
+3.10%
104.06
+4.50%
99.58
+7.00%
93.07
Operating Income
54.45
+5.84%
51.45
+6.44%
48.34
+1.74%
47.51
EBITDA
120.73
+13.00%
106.84
+24.48%
85.83
-9.77%
95.12
Normalized EBITDA
92.69
+7.17%
86.49
+10.47%
78.29
-1.54%
79.52
Reconciled Depreciation
36.02
+2.98%
34.98
+5.81%
33.06
+4.27%
31.71
EBIT
84.71
+17.89%
71.86
+36.18%
52.77
-16.79%
63.41
Total Unusual Items
28.04
+37.80%
20.35
+170.14%
7.53
-51.72%
15.60
Total Unusual Items Excluding Goodwill
28.04
+37.80%
20.35
+170.14%
7.53
-51.72%
15.60
Special Income Charges
-1.91
-7.83%
-1.77
-20.50%
-1.47
-9.27%
-1.35
Other Special Charges
0.80
—
—
—
Write Off
0.88
-28.58%
1.23
+29.13%
0.95
-17.73%
1.16
Net Income
49.93
+35.33%
36.89
+92.35%
19.18
-45.62%
35.27
Pretax Income
51.04
+34.94%
37.82
+90.07%
19.90
-45.06%
36.22
Net Non Operating Interest Income Expense
-33.53
+1.22%
-33.95
-3.45%
-32.81
-20.96%
-27.13
Interest Expense Non Operating
33.67
-1.07%
34.03
+3.56%
32.87
+20.86%
27.19
Net Interest Income
-33.53
+1.22%
-33.95
-3.45%
-32.81
-20.96%
-27.13
Interest Expense
33.67
-1.07%
34.03
+3.56%
32.87
+20.86%
27.19
Interest Income Non Operating
0.14
+58.62%
0.09
+70.59%
0.05
-21.54%
0.07
Interest Income
0.14
+58.62%
0.09
+70.59%
0.05
-21.54%
0.07
Other Income Expense
30.12
+48.20%
20.32
+364.18%
4.38
-72.36%
15.84
Other Non Operating Income Expenses
2.08
—
—
—
Gain On Sale Of Security
29.96
+35.40%
22.12
+145.67%
9.01
-46.87%
16.95
Tax Provision
0.48
+7.11%
0.45
+0.00%
0.45
+6.64%
0.42
Tax Rate For Calcs
0.00
-20.63%
0.00
-47.38%
0.00
+94.10%
0.00
Tax Effect Of Unusual Items
0.26
+9.38%
0.24
+42.13%
0.17
-6.29%
0.18
Net Income Including Noncontrolling Interests
50.56
+35.27%
37.37
+92.15%
19.45
-45.67%
35.80
Net Income From Continuing Operation Net Minority Interest
49.93
+35.33%
36.89
+92.35%
19.18
-45.62%
35.27
Net Income From Continuing And Discontinued Operation
49.93
+35.33%
36.89
+92.35%
19.18
-45.62%
35.27
Net Income Continuous Operations
50.56
+35.27%
37.37
+92.15%
19.45
-45.67%
35.80
Net Income Discontinuous Operations
—
—
0.00
0.00
Minority Interests
-0.63
-31.25%
-0.48
-77.78%
-0.27
+49.06%
-0.53
Normalized Income
22.15
+31.95%
16.79
+42.04%
11.82
-40.47%
19.85
Net Income Common Stockholders
49.93
+35.33%
36.89
+92.35%
19.18
-45.62%
35.27
Diluted EPS
—
0.72
+89.47%
0.38
-46.48%
0.71
Basic EPS
—
0.73
+87.18%
0.39
-45.83%
0.72
Basic Average Shares
—
50.21
+1.44%
49.50
+0.50%
49.26
Diluted NI Availto Com Stockholders
49.93
+35.33%
36.89
+92.35%
19.18
-45.62%
35.27
Depreciation Amortization Depletion Income Statement
35.93
+2.97%
34.89
+5.85%
32.97
+3.97%
31.71
Depreciation And Amortization In Income Statement
35.93
+2.97%
34.89
+5.85%
32.97
+3.97%
31.71
Earnings From Equity Interest
0.00
+100.00%
-0.03
+99.11%
-3.15
-1420.08%
0.24
Gain On Sale Of PPE
-0.24
+56.31%
-0.55
-4.79%
-0.52
-171.88%
-0.19
Provision For Doubtful Accounts
—
—
—
1.16
Line Item Trend 2023-12-31
Total Assets
1,113.24
Current Assets
60.89
Cash Cash Equivalents And Short Term Investments
4.57
Cash And Cash Equivalents
4.57
Receivables
32.10
Accounts Receivable
16.29
Gross Accounts Receivable
16.29
Allowance For Doubtful Accounts Receivable
-13.57
Receivables Adjustments Allowances
-13.57
Other Receivables
27.88
Prepaid Assets
—
Restricted Cash
24.22
Total Non Current Assets
1,052.35
Net PPE
10.54
Gross PPE
10.54
Other Properties
10.54
Investments And Advances
31.67
Long Term Equity Investment
31.67
Non Current Deferred Assets
13.78
Other Non Current Assets
4.66
Total Liabilities Net Minority Interest
693.62
Current Liabilities
44.00
Payables And Accrued Expenses
44.00
Payables
44.00
Accounts Payable
36.40
Dividends Payable
6.03
Current Debt And Capital Lease Obligation
0.72
Current Capital Lease Obligation
0.72
Total Non Current Liabilities Net Minority Interest
649.62
Long Term Debt And Capital Lease Obligation
641.00
Long Term Debt
640.17
Long Term Capital Lease Obligation
0.83
Other Non Current Liabilities
8.61
Stockholders Equity
413.74
Common Stock Equity
413.74
Capital Stock
0.05
Common Stock
0.05
Preferred Stock
0.00
Share Issued
49.61
Ordinary Shares Number
49.61
Treasury Shares Number
0.00
Additional Paid In Capital
628.08
Retained Earnings
-216.96
Gains Losses Not Affecting Retained Earnings
2.58
Minority Interest
5.88
Other Equity Adjustments
2.58
Total Equity Gross Minority Interest
419.62
Total Capitalization
1,053.91
Working Capital
16.89
Invested Capital
1,053.91
Total Debt
641.00
Net Debt
635.60
Capital Lease Obligations
0.83
Net Tangible Assets
413.74
Tangible Book Value
413.74
Duefrom Related Parties Current
1.51
Dueto Related Parties Current
1.58
Investment Properties
991.70
Investmentsin Subsidiariesat Cost
31.67
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
50.77
-12.80%
58.23
+22.33%
47.60
+7.13%
44.43
Cash Flow From Continuing Operating Activities
50.77
-12.80%
58.23
+22.33%
47.60
+7.13%
44.43
Net Income From Continuing Operations
50.56
+35.27%
37.37
+92.15%
19.45
-45.67%
35.80
Depreciation Amortization Depletion
36.02
+2.98%
34.98
+5.81%
33.06
+4.27%
31.71
Depreciation
36.02
+2.98%
34.98
+5.81%
33.06
+4.27%
31.71
Depreciation And Amortization
36.02
+2.98%
34.98
+5.81%
33.06
+4.27%
31.71
Other Non Cash Items
1.38
+287.39%
0.36
-67.22%
1.09
-1.00%
1.10
Stock Based Compensation
5.32
+16.16%
4.58
+22.86%
3.73
+146.66%
1.51
Asset Impairment Charge
0.88
-28.58%
1.23
+29.13%
0.95
-17.73%
1.16
Operating Gains Losses
-31.00
-43.83%
-21.55
-304.39%
-5.33
+68.65%
-17.00
Gain Loss On Investment Securities
-32.03
-44.78%
-22.12
-145.67%
-9.01
+46.87%
-16.95
Change In Working Capital
-12.39
-1084.03%
1.26
+123.54%
-5.35
+45.68%
-9.85
Change In Receivables
-4.12
+7.47%
-4.46
+27.07%
-6.11
-25.67%
-4.86
Changes In Account Receivables
-4.35
+1.56%
-4.42
+26.08%
-5.97
-37.91%
-4.33
Change In Prepaid Assets
-0.66
-122.15%
2.96
+10.90%
2.67
+26.72%
2.11
Change In Payables And Accrued Expense
-2.81
-1178.64%
-0.22
-159.30%
0.37
+116.85%
-2.20
Change In Payable
-2.81
-1178.64%
-0.22
-159.30%
0.37
+116.85%
-2.20
Change In Account Payable
-2.77
-1159.55%
-0.22
-161.97%
0.35
+112.83%
-2.77
Change In Other Working Capital
-1.16
-117.88%
6.51
+181.53%
2.31
+253.72%
-1.50
Change In Other Current Assets
-3.63
-2.77%
-3.54
+23.00%
-4.59
-35.62%
-3.39
Investing Cash Flow
-21.30
-33.01%
-16.01
+55.91%
-36.31
-440.88%
-6.71
Cash Flow From Continuing Investing Activities
-21.30
-33.01%
-16.01
+55.91%
-36.31
-440.88%
-6.71
Cash From Discontinued Investing Activities
—
—
0.00
0.00
Net Business Purchase And Sale
46.99
0.00
0.00
—
Net Other Investing Changes
—
10.15
+174.42%
-13.63
—
Financing Cash Flow
-37.49
-19.06%
-31.49
-142.20%
-13.00
+72.50%
-47.28
Cash Flow From Continuing Financing Activities
-37.49
-19.06%
-31.49
-142.20%
-13.00
+72.50%
-47.28
Net Issuance Payments Of Debt
-0.82
+92.33%
-10.70
-192.73%
11.54
+159.28%
-19.47
Issuance Of Debt
375.00
+391.22%
76.34
+79.62%
42.50
0.00
Repayment Of Debt
-375.82
-331.77%
-87.04
-181.15%
-30.96
-59.03%
-19.47
Long Term Debt Issuance
375.00
+391.22%
76.34
+79.62%
42.50
0.00
Long Term Debt Payments
-375.82
-331.77%
-87.04
-181.15%
-30.96
-59.03%
-19.47
Net Long Term Debt Issuance
-0.82
+92.33%
-10.70
-192.73%
11.54
+159.28%
-19.47
Net Short Term Debt Issuance
—
—
42.50
+365.63%
-16.00
Net Common Stock Issuance
-2.27
-145.55%
4.98
+1048.38%
-0.53
+2.23%
-0.54
Common Stock Payments
-2.27
+14.12%
-2.64
-403.05%
-0.53
+2.23%
-0.54
Common Stock Dividend Paid
-27.41
-11.53%
-24.57
-3.75%
-23.68
-3.16%
-22.96
Cash Dividends Paid
-27.41
-11.53%
-24.57
-3.75%
-23.68
-3.16%
-22.96
Repurchase Of Capital Stock
-2.27
+14.12%
-2.64
-403.05%
-0.53
+2.23%
-0.54
Net Other Financing Charges
-6.99
-486.99%
-1.19
-258.73%
-0.33
+92.30%
-4.31
Changes In Cash
-8.01
-174.65%
10.73
+725.66%
-1.72
+82.06%
-9.56
Beginning Cash Position
15.37
+231.25%
4.64
-26.99%
6.36
-60.07%
15.91
End Cash Position
7.36
-52.11%
15.37
+231.25%
4.64
-26.99%
6.36
Free Cash Flow
50.77
-12.80%
58.23
+22.33%
47.60
+7.13%
44.43
Interest Paid Supplemental Data
33.58
-0.24%
33.66
+8.12%
31.14
+17.53%
26.49
Income Tax Paid Supplemental Data
0.46
+5.79%
0.43
-0.69%
0.43
+18.85%
0.37
Common Stock Issuance
0.00
-100.00%
7.62
0.00
0.00
Dividend Received CFO
—
—
—
0.00
Earnings Losses From Equity Investments
0.00
-100.00%
0.03
-99.11%
3.15
+1420.08%
-0.24
Issuance Of Capital Stock
0.00
-100.00%
7.62
0.00
0.00
Net Investment Properties Purchase And Sale
-68.28
-161.05%
-26.16
-15.32%
-22.68
-237.83%
-6.71
Purchase Of Investment Properties
-110.52
-41.40%
-78.16
-83.78%
-42.53
-5.17%
-40.44
Sale Of Business
46.99
0.00
0.00
—
Sale Of Investment Properties
42.23
-18.79%
52.00
+162.02%
19.85
-41.15%
33.72
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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