Whitestone REIT, Inc.

Symbol: WSR
CIK: 1175535
Exchange: NYSE
Founded: 1998 (22 years)
HQ: Houston, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See WSR on SEC.gov

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Overall Score: 5.1

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Whitestone REIT, Inc. Company Logo

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Hightlights of Trading Day January 17, 2020


Open Price: $13.7
Closing Price: $13.62
Price Change: -0.04 (-0.293%)
Lowest Price: $13.61
Highest Price: $13.71

52-Week Low: $11.50
52-Week High: $14.65
52-Week Change: -2.85%

5 Day Price Change: 3.49%
1 Month Price Change: 3.09%
3 Month Price Change: -0.73%
6 Month Price Change: 7.81%
YTD Price Change: 3.25%
1 Year Price Change: -2.57%
2 Year Price Change: 0.59%
5 Year Price Change: -13.98%

Dividend of Trading Day January 17, 2020


Dividend Yield: 8.37%*
Annualized Dividend: $1.14*
Dividend Yield (TTM): 8.37%
Annualized Dividend (TTM): $1.14
Ex Dividend Date: 2020-01-02
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day January 17, 2020


Total Cash: $13,786,000
Current Debt: $248,199,000
Revenue: $120,489,000
Gross Profit: $58,770,000
Total Revenue: $120,489,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $59,777,000
Revenue Per Share: $3
Revenue Per Employee: $1,229,480
Employee: 98
Debt to Equity Ratio (D/E): 1.76
Profit Margin: 0.14%
Enterprise Value (EV): $1,159,479,440
Enterprise Value to Revenue (EV/R): 9.62
Price to Sales (P/S): 4.61
Price to Book (P/B): 1.58
Peg Ratio: -0.41
P/E Ratio: 32.44
P/E High: 38.55
P/E Low: 30.26
Forward P/E Ratio: 29.61
Market Capitalization: $553,435,080
Beta: 0.53
Latest Volume: 160,895.00
Avg. Total Volume: 215,933
Avg. 10 Volume: 168,926.10
Avg. 30 Volume: 215,932.77
TTM EPS: 0.42
TTM Dividend Rate: 1.14
Shares Outstanding: 40,634,000
Float: 36,158,409.00
50-Day Moving Avg.: 13.60
200-Day Moving Avg.: 13.07

Properties Owned by WSR


Properties Based on REIT's Official Presentation

Properties Types States Countries
57 1 3 1

Please visit REIT’s official webpage for the most up-to-date property list.

WSR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by WSR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 5,645,000 0 4,680,000 13,786,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 26,423,000 26,014,000 26,138,000 26,236,000
Property, Plant & Equipment Net 697,000 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 19,948,000 20,030,000 22,864,000 22,215,000
Net Tangible Assets 324,976,000 330,395,000 339,643,000 350,456,000
Total Assets 1,011,760,000 1,013,188,000 1,018,655,000 1,028,872,000
Accounts Payable 0 0 0 0
Liabilities (Other) 56,565,000 52,380,000 47,684,000 51,517,000
Current Liabilities (Other) 11,820,000 11,710,000 11,617,000 11,600,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 743,000 0 2,044,000 248,199,000
Long-term Debt 621,573,000 622,333,000 620,874,000 370,006,000
Total Liabilities 679,003,000 674,713,000 670,602,000 669,722,000
Minority Interest 42,000 77,000 65,000 224,000
Common Stock 40,517,569 40,000 40,000 39,000
Retained Earnings -207,824,000 -198,056,000 -189,938,000 -181,361,000
Treasury Stock 0 0 0 0
Capital Surplus 540,116,000 533,583,000 528,815,000 527,662,000
Shareholder Equity 324,976,000 330,395,000 339,643,000 350,456,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 30,648,000 29,737,000 30,122,000 18,910,000
Cost of Revenue 16,317,000 15,845,000 14,665,000 8,427,000
Gross Profit 14,331,000 13,892,000 15,457,000 10,483,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 22,409,000 20,919,000 20,939,000 14,079,000
Operating Income 8,239,000 2,292,000 9,183,000 4,831,000
Income Expense Net (Other) -6,288,000 515,000 -6,226,000 4,002,000
EBIT 8,239,000 2,292,000 9,183,000 4,831,000
Interest Income 6,953,000 6,526,000 6,961,000 5,182,000
Pretax Income 1,951,000 2,807,000 2,957,000 8,833,000
Income Tax 102,000 104,000 118,000 19,000
Minority Interest 42,000 77,000 65,000 224,000
Net Income 1,807,000 3,327,000 2,733,000 8,790,000
Net Income Basic 1,807,000 3,327,000 2,733,000 8,790,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 1,807,000 3,327,000 2,733,000 8,790,000
Depreciation 6,789,000 6,612,000 6,464,000 3,579,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 121,000 -743,000 -9,106,000 4,520,000
Cash Flow 11,361,000 10,963,000 6,065,000 7,310,000
Capital Expenditures 0 0 -2,455,000 -338,000
Investments -3,725,000 -6,228,000 0 -843,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -3,725,000 -3,072,000 -2,455,000 8,631,000
Dividends Paid -11,430,000 -11,316,000 -11,301,000 -11,302,000
Net Borrowings -651,000 -756,000 -383,000 406,000
Cash Flow Financing -7,515,000 -8,634,000 -12,716,000 -11,421,000
Financing Cash Flows (Other) -264,000 -265,000 -264,000 -265,000
Exchange Rate Effect 0 0 0 0

About Whitestone REIT, Inc.


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. Whitestone’s optimal mix of national, regional and local tenants provides daily necessities, needed services and entertainment to the respective communities which are not readily available online.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.4
9 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.6
0 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.8
Rating AFFO & Efficiency Section Avg. Rating
7 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 8.7
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.7
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.2
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.1
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
2 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.3
7 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.2
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
5.1 Overall REITRating™ Score 6.5

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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