WSR
Whitestone REIT
Price Chart
Latest Quote
$14.44
Current Price| Previous Close | $14.24 |
| Open | $14.29 |
| Day High | $14.52 |
| Day Low | $14.23 |
| Volume | 155,934 |
Stock Information
| Quarterly Dividend / Yield | $0.57 / 3.95% |
| Shares Outstanding | 51.02M |
| Total Debt | $644.12M |
| Cash Equivalents | $6.91M |
| Revenue | $157.79M |
| Net Income | $44.42M |
| Sector | Real Estate |
| Industry | REIT - Retail |
| Market Cap | $746.02M |
| P/E Ratio | 16.79 |
| EPS (TTM) | $0.86 |
| Exchange | NYQ |
📊 Custom Metrics & Score
Score: 14/42| Debt to Equity | 1.44 |
| Debt to Earnings | 5.77 |
| Current Ratio | 2.03 |
| Quick Ratio | 1.75 |
| Avg Revenue Growth | 6.03% |
| Profit Margin | 23.72% |
| Return on Equity | 8.42% |
| Avg FCF Growth | 5.95% |
| FCF Yield | 7.81% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $14.44 | 187,900 |
| 2026-01-30 | $14.24 | 236,800 |
| 2026-01-29 | $14.09 | 198,700 |
| 2026-01-28 | $13.92 | 182,400 |
| 2026-01-27 | $14.25 | 144,600 |
| 2026-01-26 | $14.13 | 211,500 |
| 2026-01-23 | $14.18 | 150,100 |
| 2026-01-22 | $14.17 | 169,700 |
| 2026-01-21 | $14.26 | 220,900 |
| 2026-01-20 | $14.10 | 192,400 |
| 2026-01-16 | $14.13 | 199,800 |
| 2026-01-15 | $14.10 | 180,400 |
| 2026-01-14 | $13.99 | 153,300 |
| 2026-01-13 | $13.81 | 173,200 |
| 2026-01-12 | $13.89 | 223,700 |
| 2026-01-09 | $13.99 | 232,400 |
| 2026-01-08 | $14.25 | 209,000 |
| 2026-01-07 | $14.06 | 185,300 |
| 2026-01-06 | $14.01 | 285,100 |
| 2026-01-05 | $13.65 | 186,200 |
About Whitestone REIT
Whitestone REIT (NYSE: WSR) 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.
📰 Latest News
WSR Rewards Investors With 5.6% Dividend Hike: Is it Sustainable?
Zacks • 2025-12-22T16:51:00Z
Are These 3 REIT Dividend Hikes Built to Last for Income Investors?
Zacks • 2025-12-22T15:33:00Z
Whitestone confirms MCB offer, Green Street says bid ‘worth serious consideration’
Investing.com • 2025-11-06T20:27:47ZSector Update: Financial Stocks Advance Late Afternoon
MT Newswires • 2025-11-04T20:56:06ZSector Update: Financial Stocks Rise Tuesday Afternoon
MT Newswires • 2025-11-04T18:54:52ZWhitestone REIT Receives Takeover Proposal From MCB Real Estate
MT Newswires • 2025-11-04T16:44:43ZWhitestone REIT stock surges after MCB’s $15.20 per share buyout offer
Investing.com • 2025-11-04T13:49:29ZWhitestone REIT (WSR) Q3 2025 Earnings Call Highlights: Strong Leasing Activity and Strategic ...
GuruFocus.com • 2025-10-30T20:32:50Z
Whitestone (WSR) Q3 FFO Meet Estimates
Zacks • 2025-10-29T22:35:01Z
Whitestone: Q3 Earnings Snapshot
Associated Press Finance • 2025-10-29T21:33:57ZIncome Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $45,891,000 | $45,870,000 | $43,295,000 | $39,322,000 |
| Cost Of Revenue | $45,978,000 | $45,964,000 | $43,295,000 | $39,322,000 |
| Total Revenue | $155,510,000 | $147,920,000 | $140,577,000 | $125,275,000 |
| Operating Revenue | $155,510,000 | $147,920,000 | $140,577,000 | $125,275,000 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $34,035,000 | $32,866,000 | $27,193,000 | $24,564,000 |
| Total Expenses | $104,061,000 | $99,583,000 | $93,068,000 | $90,897,000 |
| Other Income Expense | $20,322,000 | $4,378,000 | $15,841,000 | $875,000 |
| Net Non Operating Interest Income Expense | $-33,948,000 | $-32,815,000 | $-27,128,000 | $-24,448,000 |
| Interest Expense Non Operating | $34,035,000 | $32,866,000 | $27,193,000 | $24,564,000 |
| Operating Expense | $58,083,000 | $53,619,000 | $49,773,000 | $51,575,000 |
| General And Administrative Expense | $23,189,000 | $20,653,000 | $18,066,000 | $22,625,000 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $36,893,000 | $19,180,000 | $35,270,000 | $10,215,000 |
| Net Interest Income | $-33,948,000 | $-32,815,000 | $-27,128,000 | $-24,448,000 |
| Interest Income | $87,000 | $51,000 | $65,000 | $116,000 |
| Normalized Income | $16,785,115 | $11,817,344 | $19,849,769 | $9,958,478 |
| Net Income From Continuing And Discontinued Operation | $36,893,000 | $19,180,000 | $35,270,000 | $12,048,000 |
| Net Income Common Stockholders | $36,893,000 | $19,180,000 | $35,270,000 | $12,048,000 |
| Net Income | $36,893,000 | $19,180,000 | $35,270,000 | $12,048,000 |
| Net Income Including Noncontrolling Interests | $37,373,000 | $19,450,000 | $35,800,000 | $12,253,000 |
| Net Income Continuous Operations | $37,373,000 | $19,450,000 | $35,800,000 | $10,420,000 |
| Pretax Income | $37,823,000 | $19,900,000 | $36,222,000 | $10,805,000 |
| Special Income Charges | $-1,775,000 | $-1,473,000 | $-1,348,000 | $0 |
| Earnings From Equity Interest | $-28,000 | $-3,155,000 | $239,000 | $609,000 |
| Interest Income Non Operating | $87,000 | $51,000 | $65,000 | $116,000 |
| Operating Income | $51,449,000 | $48,337,000 | $47,509,000 | $34,378,000 |
| Depreciation Amortization Depletion Income Statement | $34,894,000 | $32,966,000 | $31,707,000 | $28,950,000 |
| Depreciation And Amortization In Income Statement | $34,894,000 | $32,966,000 | $31,707,000 | $28,950,000 |
| Gross Profit | $109,532,000 | $101,956,000 | $97,282,000 | $85,953,000 |
| Net Income Discontinuous Operations | - | $0 | $0 | $1,833,000 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $0.72 | $0.38 | $0.71 | $0.26 |
| Basic EPS | $0.73 | $0.39 | $0.72 | $0.26 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $242,115 | $170,344 | $181,769 | $9,478 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $86,489,000 | $78,293,000 | $79,520,000 | $64,053,000 |
| Total Unusual Items | $20,350,000 | $7,533,000 | $15,602,000 | $266,000 |
| Total Unusual Items Excluding Goodwill | $20,350,000 | $7,533,000 | $15,602,000 | $266,000 |
| Reconciled Depreciation | $34,981,000 | $33,060,000 | $31,707,000 | $28,950,000 |
| EBITDA (Bullshit earnings) | $106,839,000 | $85,826,000 | $95,122,000 | $64,319,000 |
| EBIT | $71,858,000 | $52,766,000 | $63,415,000 | $35,369,000 |
| Diluted Average Shares | $51,347,000 | $50,813,000 | $49,950,000 | $46,336,000 |
| Basic Average Shares | $50,214,000 | $49,501,000 | $49,256,000 | $45,486,000 |
| Diluted NI Availto Com Stockholders | $36,893,000 | $19,180,000 | $35,270,000 | $12,048,000 |
| Minority Interests | $-480,000 | $-270,000 | $-530,000 | $-205,000 |
| Tax Provision | $450,000 | $450,000 | $422,000 | $385,000 |
| Gain On Sale Of Ppe | $-547,000 | $-522,000 | $-192,000 | $-90,000 |
| Write Off | $1,228,000 | $951,000 | $1,156,000 | $-90,000 |
| Gain On Sale Of Security | $22,125,000 | $9,006,000 | $16,950,000 | $266,000 |
| Selling General And Administration | $23,189,000 | $20,653,000 | $18,066,000 | $22,625,000 |
| Other Gand A | $23,189,000 | $20,653,000 | $18,066,000 | $22,625,000 |
| Provision For Doubtful Accounts | - | - | $1,156,000 | $-90,000 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $438,153,000 | $413,742,000 | $418,448,000 | $392,783,000 |
| Total Assets | $1,134,639,000 | $1,113,239,000 | $1,102,767,000 | $1,102,090,000 |
| Total Non Current Assets | $1,034,614,000 | $1,052,346,000 | $1,056,638,000 | $1,051,611,000 |
| Other Non Current Assets | $7,746,000 | $4,656,000 | $7,838,000 | $1,995,000 |
| Non Current Deferred Assets | $14,693,000 | $13,783,000 | $12,697,000 | $8,442,000 |
| Current Assets | $100,025,000 | $60,893,000 | $46,129,000 | $50,479,000 |
| Restricted Cash | $14,152,000 | $24,216,000 | $13,016,000 | $11,516,000 |
| Receivables | $80,649,000 | $32,105,000 | $26,947,000 | $23,242,000 |
| Receivables Adjustments Allowances | $-14,720,000 | $-13,570,000 | $-13,822,000 | $-14,896,000 |
| Other Receivables | $62,898,000 | $27,875,000 | $22,564,000 | $18,881,000 |
| Accounts Receivable | $17,285,000 | $16,287,000 | $16,828,000 | $18,410,000 |
| Gross Accounts Receivable | $17,285,000 | $16,287,000 | $16,828,000 | $18,410,000 |
| Cash Cash Equivalents And Short Term Investments | $5,224,000 | $4,572,000 | $6,166,000 | $15,721,000 |
| Cash And Cash Equivalents | $5,224,000 | $4,572,000 | $6,166,000 | $15,721,000 |
| Allowance For Doubtful Accounts Receivable | - | $-13,570,000 | $-13,822,000 | $-14,896,000 |
| Prepaid Assets | - | - | - | $1,995,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $626,294,000 | $635,600,000 | $619,261,000 | $627,121,000 |
| Total Debt | $632,357,000 | $641,005,000 | $626,162,000 | $642,842,000 |
| Long Term Debt And Capital Lease Obligation | $632,357,000 | $641,005,000 | $625,427,000 | $642,842,000 |
| Long Term Debt | $631,518,000 | $640,172,000 | $625,427,000 | $642,842,000 |
| Current Debt And Capital Lease Obligation | - | $721,000 | $735,000 | - |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $690,805,000 | $693,622,000 | $678,313,000 | $703,052,000 |
| Total Non Current Liabilities Net Minority Interest | $641,652,000 | $649,619,000 | $633,855,000 | $650,912,000 |
| Other Non Current Liabilities | $9,295,000 | $8,614,000 | $8,428,000 | $8,070,000 |
| Current Liabilities | $49,153,000 | $44,003,000 | $44,458,000 | $52,140,000 |
| Payables And Accrued Expenses | $49,153,000 | $44,003,000 | $43,723,000 | $52,140,000 |
| Payables | $49,153,000 | $44,003,000 | $43,723,000 | $52,140,000 |
| Dividends Payable | $6,931,000 | $6,025,000 | $6,008,000 | $5,366,000 |
| Accounts Payable | $40,645,000 | $36,401,000 | $36,154,000 | $45,777,000 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $438,153,000 | $413,742,000 | $418,448,000 | $392,783,000 |
| Total Equity Gross Minority Interest | $443,834,000 | $419,617,000 | $424,454,000 | $399,038,000 |
| Stockholders Equity | $438,153,000 | $413,742,000 | $418,448,000 | $392,783,000 |
| Gains Losses Not Affecting Retained Earnings | $5,713,000 | $2,576,000 | $5,980,000 | $-6,754,000 |
| Other Equity Adjustments | $5,713,000 | $2,576,000 | $5,980,000 | $-6,754,000 |
| Retained Earnings | $-205,557,000 | $-216,963,000 | $-212,366,000 | $-223,973,000 |
| Long Term Equity Investment | $0 | $31,671,000 | $34,826,000 | $34,588,000 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Ordinary Shares Number | $50,690,163 | $49,610,831 | $49,422,716 | $49,144,153 |
| Share Issued | $50,690,163 | $49,610,831 | $49,422,716 | $49,144,153 |
| Tangible Book Value | $438,153,000 | $413,742,000 | $418,448,000 | $392,783,000 |
| Invested Capital | $1,069,671,000 | $1,053,914,000 | $1,043,875,000 | $1,035,625,000 |
| Working Capital | $50,872,000 | $16,890,000 | $1,671,000 | $-1,661,000 |
| Capital Lease Obligations | $839,000 | $833,000 | $735,000 | $0 |
| Total Capitalization | $1,069,671,000 | $1,053,914,000 | $1,043,875,000 | $1,035,625,000 |
| Minority Interest | $5,681,000 | $5,875,000 | $6,006,000 | $6,255,000 |
| Additional Paid In Capital | $637,946,000 | $628,079,000 | $624,785,000 | $623,462,000 |
| Capital Stock | $51,000 | $50,000 | $49,000 | $48,000 |
| Common Stock | $51,000 | $50,000 | $49,000 | $48,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $839,000 | $833,000 | - | - |
| Dueto Related Parties Current | $1,577,000 | $1,577,000 | $1,561,000 | $997,000 |
| Investments And Advances | $0 | $31,671,000 | $34,826,000 | $34,588,000 |
| Investmentsin Subsidiariesat Cost | $0 | $31,671,000 | - | - |
| Investment Properties | $1,001,689,000 | $991,699,000 | $990,755,000 | $1,006,586,000 |
| Net PPE | $10,486,000 | $10,537,000 | $10,522,000 | $0 |
| Gross PPE | $10,486,000 | $10,537,000 | $10,522,000 | $0 |
| Other Properties | $10,486,000 | $10,537,000 | $10,522,000 | - |
| Duefrom Related Parties Current | $15,186,000 | $1,513,000 | $1,377,000 | $847,000 |
| Treasury Shares Number | - | $0 | - | - |
| Current Capital Lease Obligation | - | $721,000 | $735,000 | $0 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $58,227,000 | $47,600,000 | $44,431,000 | $47,040,000 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $58,227,000 | $47,600,000 | $44,431,000 | $47,040,000 |
| Cash Flow From Continuing Operating Activities | $58,227,000 | $47,600,000 | $44,431,000 | $47,040,000 |
| Operating Gains Losses | $-21,550,000 | $-5,329,000 | $-16,997,000 | $-785,000 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Investing Cash Flow | $-16,011,000 | $-36,315,000 | $-6,714,000 | $-89,397,000 |
| Cash Flow From Continuing Investing Activities | $-16,011,000 | $-36,315,000 | $-6,714,000 | $-91,230,000 |
| Net Other Investing Changes | $10,146,000 | $-13,633,000 | - | - |
| Cash From Discontinued Investing Activities | - | $0 | $0 | $1,833,000 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repurchase Of Capital Stock | $-2,641,000 | $-525,000 | $-537,000 | $-691,000 |
| Issuance Of Capital Stock | $7,620,000 | $0 | $0 | $55,981,000 |
| Financing Cash Flow | $-31,486,000 | $-13,000,000 | $-47,276,000 | $32,315,000 |
| Cash Flow From Continuing Financing Activities | $-31,486,000 | $-13,000,000 | $-47,276,000 | $32,315,000 |
| Net Other Financing Charges | $-1,191,000 | $-332,000 | $-4,313,000 | $-394,000 |
| Cash Dividends Paid | $-24,572,000 | $-23,684,000 | $-22,958,000 | $-19,320,000 |
| Common Stock Dividend Paid | $-24,572,000 | $-23,684,000 | $-22,958,000 | $-19,320,000 |
| Net Common Stock Issuance | $4,979,000 | $-525,000 | $-537,000 | $55,290,000 |
| Common Stock Issuance | $7,620,000 | $0 | $0 | $55,981,000 |
| Dividend Received Cfo | - | - | $0 | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-87,042,000 | $-30,959,000 | $-19,468,000 | $-3,261,000 |
| Issuance Of Debt | $76,340,000 | $42,500,000 | $0 | $0 |
| Interest Paid Supplemental Data | $33,663,000 | $31,136,000 | $26,493,000 | $23,685,000 |
| Income Tax Paid Supplemental Data | $432,000 | $435,000 | $366,000 | $364,000 |
| End Cash Position | $15,370,000 | $4,640,000 | $6,355,000 | $15,914,000 |
| Beginning Cash Position | $4,640,000 | $6,355,000 | $15,914,000 | $25,956,000 |
| Changes In Cash | $10,730,000 | $-1,715,000 | $-9,559,000 | $-10,042,000 |
| Common Stock Payments | $-2,641,000 | $-525,000 | $-537,000 | $-691,000 |
| Net Issuance Payments Of Debt | $-10,702,000 | $11,541,000 | $-19,468,000 | $-3,261,000 |
| Net Long Term Debt Issuance | $-10,702,000 | $11,541,000 | $-19,468,000 | $-3,261,000 |
| Long Term Debt Payments | $-87,042,000 | $-30,959,000 | $-19,468,000 | $-3,261,000 |
| Long Term Debt Issuance | $76,340,000 | $42,500,000 | $0 | $0 |
| Net Investment Properties Purchase And Sale | $-26,157,000 | $-22,682,000 | $-6,714,000 | $-91,230,000 |
| Sale Of Investment Properties | $52,004,000 | $19,847,000 | $33,723,000 | $0 |
| Purchase Of Investment Properties | $-78,161,000 | $-42,529,000 | $-40,437,000 | $-91,230,000 |
| Change In Working Capital | $1,259,000 | $-5,348,000 | $-9,846,000 | $4,795,000 |
| Change In Other Working Capital | $6,509,000 | $2,312,000 | $-1,504,000 | $-2,049,000 |
| Change In Other Current Assets | $-3,536,000 | $-4,592,000 | $-3,386,000 | - |
| Change In Payables And Accrued Expense | $-220,000 | $371,000 | $-2,202,000 | $3,535,000 |
| Change In Payable | $-220,000 | $371,000 | $-2,202,000 | $3,535,000 |
| Change In Account Payable | $-220,000 | $355,000 | $-2,766,000 | $2,663,000 |
| Change In Prepaid Assets | $2,961,000 | $2,670,000 | $2,107,000 | $3,117,000 |
| Change In Receivables | $-4,455,000 | $-6,109,000 | $-4,861,000 | $192,000 |
| Changes In Account Receivables | $-4,415,000 | $-5,973,000 | $-4,331,000 | $704,000 |
| Other Non Cash Items | $357,000 | $1,089,000 | $1,100,000 | $-2,163,000 |
| Stock Based Compensation | $4,579,000 | $3,727,000 | $1,511,000 | $5,913,000 |
| Asset Impairment Charge | $1,228,000 | $951,000 | $1,156,000 | $-90,000 |
| Depreciation Amortization Depletion | $34,981,000 | $33,060,000 | $31,707,000 | $28,950,000 |
| Depreciation And Amortization | $34,981,000 | $33,060,000 | $31,707,000 | $28,950,000 |
| Depreciation | $34,981,000 | $33,060,000 | $31,707,000 | $28,950,000 |
| Earnings Losses From Equity Investments | $28,000 | $3,155,000 | $-239,000 | $-609,000 |
| Gain Loss On Investment Securities | $-22,125,000 | $-9,006,000 | $-16,950,000 | $-266,000 |
| Net Income From Continuing Operations | $37,373,000 | $19,450,000 | $35,800,000 | $10,420,000 |
| Net Short Term Debt Issuance | - | $42,500,000 | $-16,000,000 | $0 |