REIT - Retail
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WSR vs NTST
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Retail
WSR vs NTST — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Retail | REIT - Retail |
| Market Cap | $974M | $1.70B |
| Revenue (TTM) | $165M | $176M |
| Net Income (TTM) | $50M | $185K |
| Gross Margin | 68.8% | 92.4% |
| Operating Margin | 32.9% | 27.7% |
| Forward P/E | 49.2x | 65.8x |
| Total Debt | $644M | $0.00 |
| Cash & Equiv. | $5M | $14M |
WSR vs NTST — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 20 | May 26 | Return |
|---|---|---|---|
| Whitestone REIT (WSR) | 100 | 295.2 | +195.2% |
| NETSTREIT Corp. (NTST) | 100 | 112.7 | +12.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WSR vs NTST
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WSR carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 3 yrs, beta 0.28
- 88.3% 10Y total return vs NTST's 40.7%
- PEG 1.05 vs NTST's 1.12
NTST is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 30.0%, EPS growth 150.0%, 3Y rev CAGR 28.2%
- Lower volatility, beta 0.05
- Beta 0.05, yield 4.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 30.0% FFO/revenue growth vs WSR's 3.4% | |
| Value | Lower P/E (49.2x vs 65.8x), PEG 1.05 vs 1.12 | |
| Quality / Margins | 30.6% margin vs NTST's 0.1% | |
| Stability / Safety | Beta 0.05 vs WSR's 0.28 | |
| Dividends | 4.1% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +54.5% vs NTST's +32.6% | |
| Efficiency (ROA) | 4.4% ROA vs NTST's 0.0%, ROIC 3.7% vs 2.1% |
WSR vs NTST — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NTST leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NTST and WSR operate at a comparable scale, with $176M and $165M in trailing revenue. WSR is the more profitable business, keeping 30.6% of every revenue dollar as net income compared to NTST's 0.1%. On growth, NTST holds the edge at +27.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $165M | $176M |
| EBITDAEarnings before interest/tax | $91M | $133M |
| Net IncomeAfter-tax profit | $50M | $185,000 |
| Free Cash FlowCash after capex | $36M | $106M |
| Gross MarginGross profit ÷ Revenue | +68.8% | +92.4% |
| Operating MarginEBIT ÷ Revenue | +32.9% | +27.7% |
| Net MarginNet income ÷ Revenue | +30.6% | +0.1% |
| FCF MarginFCF ÷ Revenue | +21.6% | +59.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +8.0% | +27.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -100.0% | +110.6% |
Valuation Metrics
WSR leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 20.0x trailing earnings, WSR trades at a 92% valuation discount to NTST's 254.5x P/E. Adjusting for growth (PEG ratio), WSR offers better value at 0.43x vs NTST's 4.35x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||
|---|---|---|
| Market CapShares × price | $974M | $1.7B |
| Enterprise ValueMkt cap + debt − cash | $1.6B | $1.7B |
| Trailing P/EPrice ÷ TTM EPS | 19.96x | 254.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 49.17x | 65.77x |
| PEG RatioP/E ÷ EPS growth rate | 0.43x | 4.35x |
| EV / EBITDAEnterprise value multiple | 18.03x | 12.34x |
| Price / SalesMarket cap ÷ Revenue | 6.06x | 8.72x |
| Price / BookPrice ÷ Book value/share | 2.12x | 1.18x |
| Price / FCFMarket cap ÷ FCF | 19.19x | 15.52x |
Profitability & Efficiency
WSR leads this category, winning 5 of 7 comparable metrics.
Profitability & Efficiency
WSR delivers a 11.1% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $0 for NTST. On the Piotroski fundamental quality scale (0–9), WSR scores 7/9 vs NTST's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +11.1% | +0.0% |
| ROA (TTM)Return on assets | +4.4% | +0.0% |
| ROICReturn on invested capital | +3.7% | +2.1% |
| ROCEReturn on capital employed | +4.8% | +2.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 1.39x | — |
| Net DebtTotal debt minus cash | $639M | -$14M |
| Cash & Equiv.Liquid assets | $5M | $14M |
| Total DebtShort + long-term debt | $644M | $0 |
| Interest CoverageEBIT ÷ Interest expense | 2.52x | — |
Total Returns (Dividends Reinvested)
WSR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WSR five years ago would be worth $22,598 today (with dividends reinvested), compared to $11,488 for NTST. Over the past 12 months, WSR leads with a +54.5% total return vs NTST's +32.6%. The 3-year compound annual growth rate (CAGR) favors WSR at 33.6% vs NTST's 8.3% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +38.3% | +15.8% |
| 1-Year ReturnPast 12 months | +54.5% | +32.6% |
| 3-Year ReturnCumulative with dividends | +138.5% | +27.0% |
| 5-Year ReturnCumulative with dividends | +126.0% | +14.9% |
| 10-Year ReturnCumulative with dividends | +88.3% | +40.7% |
| CAGR (3Y)Annualised 3-year return | +33.6% | +8.3% |
Risk & Volatility
Evenly matched — WSR and NTST each lead in 1 of 2 comparable metrics.
Risk & Volatility
NTST is the less volatile stock with a 0.05 beta — it tends to amplify market swings less than WSR's 0.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WSR currently trades 99.7% from its 52-week high vs NTST's 95.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.27x | 0.08x |
| 52-Week HighHighest price in past year | $19.01 | $21.30 |
| 52-Week LowLowest price in past year | $11.43 | $15.24 |
| % of 52W HighCurrent price vs 52-week peak | +99.7% | +95.6% |
| RSI (14)Momentum oscillator 0–100 | 82.1 | 57.7 |
| Avg Volume (50D)Average daily shares traded | 479K | 1.2M |
Analyst Outlook
WSR leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates WSR as "Hold" and NTST as "Buy". Consensus price targets imply 8.2% upside for NTST (target: $22) vs -3.7% for WSR (target: $18). NTST is the only dividend payer here at 4.10% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $18.25 | $22.03 |
| # AnalystsCovering analysts | 16 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | +4.1% |
| Dividend StreakConsecutive years of raises | 3 | 0 |
| Dividend / ShareAnnual DPS | — | $0.83 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +0.0% |
WSR leads in 4 of 6 categories (Valuation Metrics, Profitability & Efficiency). NTST leads in 1 (Income & Cash Flow). 1 tied.
WSR vs NTST: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is WSR or NTST a better buy right now?
For growth investors, NETSTREIT Corp.
(NTST) is the stronger pick with 30. 0% revenue growth year-over-year, versus 3. 4% for Whitestone REIT (WSR). Whitestone REIT (WSR) offers the better valuation at 20. 0x trailing P/E (49. 2x forward), making it the more compelling value choice. Analysts rate NETSTREIT Corp. (NTST) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — WSR or NTST?
On trailing P/E, Whitestone REIT (WSR) is the cheapest at 20.
0x versus NETSTREIT Corp. at 254. 5x. On forward P/E, Whitestone REIT is actually cheaper at 49. 2x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Whitestone REIT wins at 1. 05x versus NETSTREIT Corp. 's 1. 12x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — WSR or NTST?
Over the past 5 years, Whitestone REIT (WSR) delivered a total return of +126.
0%, compared to +14. 9% for NETSTREIT Corp. (NTST). Over 10 years, the gap is even starker: WSR returned +88. 5% versus NTST's +42. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — WSR or NTST?
By beta (market sensitivity over 5 years), NETSTREIT Corp.
(NTST) is the lower-risk stock at 0. 08β versus Whitestone REIT's 0. 27β — meaning WSR is approximately 235% more volatile than NTST relative to the S&P 500.
05Which is growing faster — WSR or NTST?
By revenue growth (latest reported year), NETSTREIT Corp.
(NTST) is pulling ahead at 30. 0% versus 3. 4% for Whitestone REIT (WSR). On earnings-per-share growth, the picture is similar: NETSTREIT Corp. grew EPS 150. 0% year-over-year, compared to 31. 9% for Whitestone REIT. Over a 3-year CAGR, NTST leads at 28. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — WSR or NTST?
Whitestone REIT (WSR) is the more profitable company, earning 31.
0% net margin versus 3. 5% for NETSTREIT Corp. — meaning it keeps 31. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WSR leads at 33. 3% versus 25. 7% for NTST. At the gross margin level — before operating expenses — NTST leads at 99. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is WSR or NTST more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Whitestone REIT (WSR) is the more undervalued stock at a PEG of 1. 05x versus NETSTREIT Corp. 's 1. 12x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Whitestone REIT (WSR) trades at 49. 2x forward P/E versus 65. 8x for NETSTREIT Corp. — 16. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NTST: 8. 2% to $22. 03.
08Which pays a better dividend — WSR or NTST?
In this comparison, NTST (4.
1% yield) pays a dividend. WSR does not pay a meaningful dividend and should not be held primarily for income.
09Is WSR or NTST better for a retirement portfolio?
For long-horizon retirement investors, NETSTREIT Corp.
(NTST) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 08), 4. 1% yield). Both have compounded well over 10 years (NTST: +42. 4%, WSR: +88. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between WSR and NTST?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WSR is a small-cap quality compounder stock; NTST is a small-cap high-growth stock. NTST pays a dividend while WSR does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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