Whitestone REIT, Inc. | REIT Profile

Symbol: WSR
CIK: 1175535
Exchange: NYSE
Founded: 1998 (24 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: 6.2

See score breakdown | See trend

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 14, 2022


Open Price: $10.25
Closing Price: $10.18
Price Change: -0.12 (-1.165%)
Lowest Price: $10.12
Highest Price: $10.3

52-Week Low: $7.39
52-Week High: $10.50
52-Week Change: 26.86%

5 Day Price Change: -0.68%
1 Month Price Change: 10.91%
3 Month Price Change: 2.33%
6 Month Price Change: 32.20%
YTD Price Change: 2.04%
1 Year Price Change: 32.14%
2 Year Price Change: -14.04%
5 Year Price Change: 8.81%

Dividend of Trading Day January 14, 2022


Dividend Yield: 4.224%*
Annualized Dividend: $0.43*
Dividend Yield (TTM): 4.072%
Annualized Dividend (TTM): $0.4194
Ex-Dividend Date: 2022-01-03
Next Ex-Dividend: 2022-02-01
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


See more news headlines for Whitestone REIT, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 88
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: 42.04
Market Capitalization: $499,970,910
Beta: 0.88
Latest Volume: 237,822
Avg. Total Volume: 452,022
Avg. 10-Day Volume: 398,283
Avg. 30-Day Volume: 452,022
TTM EPS: N/A
Shares Outstanding: 49,113,056
Float: N/A
50-Day Moving Avg.: $9.76
200-Day Moving Avg.: $9.37

Latest REIT Community Comments on #WSR


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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



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $13.79 per share you would have been able to buy 72 shares of WSR on 2021-01-16 costing $992.88 @ $13.79 per share you would have been able to buy 36 shares of WSR on 2021-01-16 costing $496.44 @ $13.79 per share you would have been able to buy 18 shares of WSR on 2021-01-16 costing $248.22 @ $13.79 per share you would have been able to buy 7 shares of WSR on 2021-01-16 costing $96.53 @ $13.79 per share you would have been able to buy 3 shares of WSR on 2021-01-16 costing $41.37
Current worth On 2022-01-14 these 72 shares would be worth $732.96 @ $10.18 On 2022-01-14 these 36 shares would be worth $366.48 @ $10.18 On 2022-01-14 these 18 shares would be worth $183.24 @ $10.18 On 2022-01-14 these 7 shares would be worth $71.26 @ $10.18 On 2022-01-14 these 3 shares would be worth $30.54 @ $10.18
Dividends earned $30.84 in dividends would have been earned since 2021-01-16 with 72 shares. $15 in dividends would have been earned since 2021-01-16 with 36 shares. $7.71 in dividends would have been earned since 2021-01-16 with 18 shares. $3.00 in dividends would have been earned since 2021-01-16 with 7 shares. $1.28 in dividends would have been earned since 2021-01-16 with 36 shares.
Net (gain / loss)* -229.08 USD -114.54 USD -57.27 USD -22.27 USD -9.55 USD
ROI** -23.07% -23.07% -23.07% -23.07% -23.07%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

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
WSR 2022-01-03 0.036 --- 2021-12-16 2022-01-04 2022-01-13
WSR 2021-12-01 0.036 --- 2021-09-13 2021-12-02 2021-12-13
WSR 2021-11-01 0.036 --- 2021-09-13 2021-11-02 2021-11-12
WSR 2021-10-01 0.036 --- 2021-09-13 2021-10-04 2021-10-14
WSR 2021-09-01 0.036 --- 2021-06-11 2021-09-02 2021-09-14
WSR 2021-08-02 0.036 --- 2021-06-11 2021-08-03 2021-08-12
WSR 2021-07-01 0.036 --- 2021-06-11 2021-07-02 2021-07-14
WSR 2021-06-01 0.036 --- 2021-03-26 2021-06-02 2021-06-10
WSR 2021-05-03 0.036 --- 2021-03-26 2021-05-04 2021-05-13
WSR 2021-04-01 0.036 2.37% 2021-03-26 2021-04-05 2021-04-14
WSR 2021-03-01 0.035 --- 2020-12-10 2021-03-02 2021-03-11
WSR 2021-02-01 0.035 --- 2020-12-10 2021-02-02 2021-02-11
WSR 2021-01-04 0.035 --- 2020-12-10 2021-01-05 2021-01-14
WSR 2020-12-01 0.035 --- 2020-09-22 2020-12-02 2020-12-10
WSR 2020-11-02 0.035 --- 2020-09-22 2020-11-03 2020-11-12
WSR 2020-10-05 0.035 --- 2020-09-22 2020-10-06 2020-10-15
WSR 2020-08-31 0.035 --- 2020-06-16 2020-09-01 2020-09-10
WSR 2020-08-03 0.035 --- 2020-06-16 2020-08-04 2020-08-13
WSR 2020-07-01 0.035 --- 2020-06-16 2020-07-02 2020-07-10
WSR 2020-06-01 0.035 --- 2020-03-24 2020-06-02 2020-06-12

Financial Statements Overview


The next Earnings Report for WSR is 2022-02-23

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-09-30 2020-06-30 2020-03-31 2019-12-31
Current Cash 39,118,000 40,079,000 36,879,000 15,643,000
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 34,849,000 34,653,000 34,289,000 34,156,000
Property, Plant & Equipment Net 813,000 883,000 1,105,000 1,328,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 17,579,000 17,615,000 18,459,000 19,780,000
Net Tangible Assets 329,996,000 330,722,000 333,672,000 345,317,000
Total Assets 1,064,925,000 1,070,643,000 1,071,326,000 1,056,260,000
Accounts Payable 0 0 0 0
Liabilities (Other) 61,330,000 56,354,000 53,691,000 57,132,000
Current Liabilities (Other) 4,528,000 4,528,000 4,519,000 12,203,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 964,000 10,874,000 11,605,000 10,951,000
Long-term Debt 666,145,000 665,935,000 664,230,000 634,160,000
Total Liabilities 728,665,000 733,612,000 730,208,000 703,162,000
Minority Interest 14,000 9,000 35,000 343,000
Common Stock 42,353,309 42,343,638 42,135,048 41,492,117
Retained Earnings -214,468,000 -210,921,000 -206,886,000 -204,049,000
Treasury Stock 0 0 0 0
Capital Surplus 560,129,000 558,516,000 556,729,000 554,816,000
Shareholder Equity 329,996,000 330,722,000 333,672,000 345,317,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-09-30 2020-06-30 2020-03-31 2019-12-31
Total Revenue 31,179,000 29,925,000 31,277,000 30,603,000
Cost of Revenue 16,870,000 15,750,000 17,104,000 16,545,000
Gross Profit 14,309,000 14,175,000 14,173,000 14,058,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 24,009,000 22,722,000 23,048,000 22,250,000
Operating Income 5,953,000 6,183,000 8,229,000 8,353,000
Income Expense Net (Other) -4,934,000 -5,668,000 -6,495,000 7,966,000
EBIT 5,953,000 6,183,000 8,229,000 8,353,000
Interest Income 5,183,000 5,448,000 6,542,000 6,492,000
Pretax Income 1,019,000 515,000 1,734,000 16,319,000
Income Tax 105,000 96,000 87,000 76,000
Minority Interest 14,000 9,000 35,000 343,000
Net Income 900,000 410,000 1,612,000 15,775,000
Net Income Basic 900,000 410,000 1,612,000 15,775,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-09-30 2020-06-30 2020-03-31 2019-12-31
Net Income 900,000 410,000 1,612,000 15,775,000
Depreciation 7,171,000 6,970,000 6,971,000 6,875,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -961,000 3,200,000 21,236,000 9,998,000
Cash Flow 15,300,000 8,707,000 5,213,000 14,802,000
Capital Expenditures 0 0 0 0
Investments -2,755,000 -1,460,000 -1,593,000 -38,094,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,833,000 -1,460,000 -1,593,000 -32,540,000
Dividends Paid -4,430,000 -4,413,000 -11,928,000 -11,580,000
Net Borrowings -9,911,000 908,000 29,223,000 26,995,000
Cash Flow Financing -14,428,000 -4,047,000 17,616,000 27,736,000
Financing Cash Flows (Other) -81,000 -91,000 -258,000 -262,000
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
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
8 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
3 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.7
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
8 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
3 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
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. 8.4
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 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
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
6 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
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. 8.0
Rating Market Cap Section Avg. Rating
7 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
6.2 Overall REITRating™ Score (See trend) 6.2

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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Last updated: 2022-01-16 - v2.8