(WSR) Whitestone REIT - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US9660842041
Stock: Retail, Mixed-Use, Grocery, Restaurant, Fitness
Total Rating 44
Risk 63
Buy Signal 0.02
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.86% |
| Yield on Cost 5y | 8.70% |
| Yield CAGR 5y | 6.05% |
| Payout Consistency | 93.1% |
| Payout Ratio | 28.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 22.4% |
| Relative Tail Risk | -7.80% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.54 |
| Alpha | 6.70 |
| Character TTM | |
|---|---|
| Beta | 0.334 |
| Beta Downside | 0.440 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.06% |
| CAGR/Max DD | 0.83 |
Description: WSR Whitestone REIT December 26, 2025
Whitestone REIT (NYSE: WSR) is a community-focused REIT that acquires, owns, operates, and develops open-air retail centers in high-growth Sun Belt metros-primarily Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Its portfolio is deliberately “convenience-first,” emphasizing service-oriented tenants such as restaurants, grocers, health-and-fitness clubs, financial services, logistics, education and entertainment providers.
Recent filings show an occupancy rate of roughly 96% and average rent growth of 3.5% year-over-year, reflecting strong demand for experiential and essential services in these markets. The Sun Belt’s population growth (≈1.2% annual CAGR) and rising per-capita disposable income are key macro drivers, while the sector’s cap-rate compression to 5.5-6.0% suggests investors still price in a premium for resilient, community-anchored retail assets. However, e-commerce pressure on traditional retail remains a tail-risk; any slowdown in consumer spending could test the REIT’s reliance on service tenants.
For a deeper quantitative assessment, you might explore ValueRay’s detailed REIT analytics platform.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 57.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.32 > 1.0 |
| NWC/Revenue: 17.85% < 20% (prev 15.89%; Δ 1.97% < -1%) |
| CFO/TA 0.06 > 3% & CFO 74.0m > Net Income 57.7m |
| Net Debt (634.8m) to EBITDA (91.6m): 6.93 < 3 |
| Current Ratio: 1.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (51.0m) vs 12m ago -0.56% < -2% |
| Gross Margin: 68.95% > 18% (prev 0.64%; Δ 6830 % > 0.5%) |
| Asset Turnover: 14.29% > 50% (prev 13.66%; Δ 0.63% > 0%) |
| Interest Coverage Ratio: 1.94 > 6 (EBITDA TTM 91.6m / Interest Expense TTM 33.6m) |
Altman Z'' -0.31
| A: 0.03 (Total Current Assets 78.2m - Total Current Liabilities 49.4m) / Total Assets 1.15b |
| B: -0.17 (Retained Earnings -199.7m / Total Assets 1.15b) |
| C: 0.06 (EBIT TTM 65.2m / Avg Total Assets 1.13b) |
| D: -0.28 (Book Value of Equity -199.6m / Total Liabilities 706.9m) |
| Altman-Z'' Score: -0.31 = B |
Beneish M -3.84
| DSRI: 0.04 (Receivables 3.17m/79.4m, Revenue 161.5m/152.0m) |
| GMI: 0.93 (GM 68.95% / 64.45%) |
| AQI: 1.01 (AQ_t 0.92 / AQ_t-1 0.91) |
| SGI: 1.06 (Revenue 161.5m / 152.0m) |
| TATA: -0.01 (NI 57.7m - CFO 74.0m) / TA 1.15b) |
| Beneish M-Score: -3.84 (Cap -4..+1) = AAA |
What is the price of WSR shares?
As of February 07, 2026, the stock is trading at USD 14.99 with a total of 125,028 shares traded.
Over the past week, the price has changed by +5.27%, over one month by +7.00%, over three months by +13.43% and over the past year by +14.74%.
Over the past week, the price has changed by +5.27%, over one month by +7.00%, over three months by +13.43% and over the past year by +14.74%.
Is WSR a buy, sell or hold?
Whitestone REIT has received a consensus analysts rating of 4.50.
Therefore, it is recommended to buy WSR.
- StrongBuy: 3
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WSR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 15.4 | 2.6% |
| Analysts Target Price | 15.4 | 2.6% |
| ValueRay Target Price | 17.6 | 17.3% |
WSR Fundamental Data Overview February 05, 2026
P/E Trailing = 16.7326
P/S = 4.7116
P/B = 1.6705
Revenue TTM = 161.5m USD
EBIT TTM = 65.2m USD
EBITDA TTM = 91.6m USD
Long Term Debt = 641.6m USD (from longTermDebt, last quarter)
Short Term Debt = 429.0k USD (from shortTermDebt, last fiscal year)
Debt = 632.4m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 634.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.37b USD (743.4m + Debt 632.4m - CCE 6.85m)
Interest Coverage Ratio = 1.94 (Ebit TTM 65.2m / Interest Expense TTM 33.6m)
EV/FCF = 23.96x (Enterprise Value 1.37b / FCF TTM 57.1m)
FCF Yield = 4.17% (FCF TTM 57.1m / Enterprise Value 1.37b)
FCF Margin = 35.39% (FCF TTM 57.1m / Revenue TTM 161.5m)
Net Margin = 35.74% (Net Income TTM 57.7m / Revenue TTM 161.5m)
Gross Margin = 68.95% ((Revenue TTM 161.5m - Cost of Revenue TTM 50.1m) / Revenue TTM)
Gross Margin QoQ = 67.66% (prev 67.66%)
Tobins Q-Ratio = 1.19 (Enterprise Value 1.37b / Total Assets 1.15b)
Interest Expense / Debt = 1.37% (Interest Expense 8.65m / Debt 632.4m)
Taxrate = 0.70% (131.0k / 18.7m)
NOPAT = 64.8m (EBIT 65.2m * (1 - 0.70%))
Current Ratio = 1.58 (Total Current Assets 78.2m / Total Current Liabilities 49.4m)
Debt / Equity = 1.44 (Debt 632.4m / totalStockholderEquity, last quarter 439.5m)
Debt / EBITDA = 6.93 (Net Debt 634.8m / EBITDA 91.6m)
Debt / FCF = 11.11 (Net Debt 634.8m / FCF TTM 57.1m)
Total Stockholder Equity = 437.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.11% (Net Income 57.7m / Total Assets 1.15b)
RoE = 13.20% (Net Income TTM 57.7m / Total Stockholder Equity 437.0m)
RoCE = 6.05% (EBIT 65.2m / Capital Employed (Equity 437.0m + L.T.Debt 641.6m))
RoIC = 6.00% (NOPAT 64.8m / Invested Capital 1.08b)
WACC = 4.48% (E(743.4m)/V(1.38b) * Re(7.14%) + D(632.4m)/V(1.38b) * Rd(1.37%) * (1-Tc(0.01)))
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 86.81% ; FCFF base≈55.0m ; Y1≈57.8m ; Y5≈67.5m
Fair Price DCF = 26.78 (EV 2.00b - Net Debt 634.8m = Equity 1.37b / Shares 51.0m; r=5.90% [WACC]; 5y FCF grow 5.43% → 2.90% )
EPS Correlation: 11.62 | EPS CAGR: -52.05% | SUE: -1.21 | # QB: 0
Revenue Correlation: 95.65 | Revenue CAGR: 5.60% | SUE: 1.24 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.12 | Chg30d=+0.002 | Revisions Net=+1 | Analysts=4
EPS next Year (2026-12-31): EPS=0.48 | Chg30d=-0.002 | Revisions Net=+1 | Growth EPS=-7.2% | Growth Revenue=+5.5%
P/S = 4.7116
P/B = 1.6705
Revenue TTM = 161.5m USD
EBIT TTM = 65.2m USD
EBITDA TTM = 91.6m USD
Long Term Debt = 641.6m USD (from longTermDebt, last quarter)
Short Term Debt = 429.0k USD (from shortTermDebt, last fiscal year)
Debt = 632.4m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 634.8m USD (from netDebt column, last quarter)
Enterprise Value = 1.37b USD (743.4m + Debt 632.4m - CCE 6.85m)
Interest Coverage Ratio = 1.94 (Ebit TTM 65.2m / Interest Expense TTM 33.6m)
EV/FCF = 23.96x (Enterprise Value 1.37b / FCF TTM 57.1m)
FCF Yield = 4.17% (FCF TTM 57.1m / Enterprise Value 1.37b)
FCF Margin = 35.39% (FCF TTM 57.1m / Revenue TTM 161.5m)
Net Margin = 35.74% (Net Income TTM 57.7m / Revenue TTM 161.5m)
Gross Margin = 68.95% ((Revenue TTM 161.5m - Cost of Revenue TTM 50.1m) / Revenue TTM)
Gross Margin QoQ = 67.66% (prev 67.66%)
Tobins Q-Ratio = 1.19 (Enterprise Value 1.37b / Total Assets 1.15b)
Interest Expense / Debt = 1.37% (Interest Expense 8.65m / Debt 632.4m)
Taxrate = 0.70% (131.0k / 18.7m)
NOPAT = 64.8m (EBIT 65.2m * (1 - 0.70%))
Current Ratio = 1.58 (Total Current Assets 78.2m / Total Current Liabilities 49.4m)
Debt / Equity = 1.44 (Debt 632.4m / totalStockholderEquity, last quarter 439.5m)
Debt / EBITDA = 6.93 (Net Debt 634.8m / EBITDA 91.6m)
Debt / FCF = 11.11 (Net Debt 634.8m / FCF TTM 57.1m)
Total Stockholder Equity = 437.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.11% (Net Income 57.7m / Total Assets 1.15b)
RoE = 13.20% (Net Income TTM 57.7m / Total Stockholder Equity 437.0m)
RoCE = 6.05% (EBIT 65.2m / Capital Employed (Equity 437.0m + L.T.Debt 641.6m))
RoIC = 6.00% (NOPAT 64.8m / Invested Capital 1.08b)
WACC = 4.48% (E(743.4m)/V(1.38b) * Re(7.14%) + D(632.4m)/V(1.38b) * Rd(1.37%) * (1-Tc(0.01)))
Discount Rate = 7.14% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 86.81% ; FCFF base≈55.0m ; Y1≈57.8m ; Y5≈67.5m
Fair Price DCF = 26.78 (EV 2.00b - Net Debt 634.8m = Equity 1.37b / Shares 51.0m; r=5.90% [WACC]; 5y FCF grow 5.43% → 2.90% )
EPS Correlation: 11.62 | EPS CAGR: -52.05% | SUE: -1.21 | # QB: 0
Revenue Correlation: 95.65 | Revenue CAGR: 5.60% | SUE: 1.24 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.12 | Chg30d=+0.002 | Revisions Net=+1 | Analysts=4
EPS next Year (2026-12-31): EPS=0.48 | Chg30d=-0.002 | Revisions Net=+1 | Growth EPS=-7.2% | Growth Revenue=+5.5%