Comprehensive Stock Comparison
Compare Whitestone REIT (WSR) vs Regency Centers Corporation (REG) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | REG | 9.7% revenue growth vs WSR's 3.4% |
| Value | REG | Lower P/E (32.1x vs 33.5x) |
| Quality / Margins | WSR | 30.9% net margin vs REG's 26.4% |
| Stability / Safety | WSR | Beta 0.33 vs REG's 0.52 |
| Dividends | REG | 3.4% yield; 4-year raise streak; WSR pays no meaningful dividend |
| Momentum (1Y) | WSR | +14.8% vs REG's +6.7% |
| Efficiency (ROA) | WSR | 4.6% ROA vs REG's 3.2%, ROIC 3.7% vs 6.1% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Whitestone REIT is a real estate investment trust that owns and operates community-focused open-air shopping centers in affluent Sunbelt markets. It generates revenue primarily through collecting rent from a diverse mix of national, regional, and local tenants — with retail leases contributing the vast majority of its income. The company's competitive advantage lies in its strategic focus on high-growth, affluent Sunbelt communities and its ability to create local connections between consumers and carefully curated tenant mixes.
Regency Centers is a real estate investment trust that owns, operates, and develops grocery-anchored shopping centers in affluent suburban neighborhoods. It generates revenue primarily through rental income from its portfolio of retail properties — with anchor tenants like Publix, Whole Foods, and Kroger providing stable cash flow — and also earns development fees from new projects. The company's competitive advantage lies in its high-quality portfolio concentrated in affluent, densely populated trade areas with strong demographics and limited new retail development.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
WSR leads in 2 of 6 categories (Valuation Metrics, Total Returns). REG leads in 2 (Profitability & Efficiency, Analyst Outlook). 2 tied.
Financial Metrics (TTM)
REG is the larger business by revenue, generating $1.6B annually — 9.7x WSR's $162M. Profitability is closely matched — net margins range from 30.9% (WSR) to 26.4% (REG). On growth, WSR holds the edge at +7.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | WSRWhitestone REIT | REGRegency Centers C… |
|---|---|---|
| RevenueTrailing 12 months | $162M | $1.6B |
| EBITDAEarnings before interest/tax | $90M | $1.3B |
| Net IncomeAfter-tax profit | $50M | $411M |
| Free Cash FlowCash after capex | $35M | $815M |
| Gross MarginGross profit ÷ Revenue | +69.0% | +64.6% |
| Operating MarginEBIT ÷ Revenue | +33.2% | +58.0% |
| Net MarginNet income ÷ Revenue | +30.9% | +26.4% |
| FCF MarginFCF ÷ Revenue | +21.7% | +52.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.0% | +3.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.3% | +7.4% |
Valuation Metrics
On an enterprise value basis, REG's 14.4x EV/EBITDA is more attractive than WSR's 15.7x.
| Metric | WSRWhitestone REIT | REGRegency Centers C… |
|---|---|---|
| Market CapShares × price | $770M | $14.4B |
| Enterprise ValueMkt cap + debt − cash | $1.4B | $19.4B |
| Trailing P/EPrice ÷ TTM EPS | -63.29x | 37.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 33.51x | 32.13x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.63x |
| EV / EBITDAEnterprise value multiple | 15.74x | 14.44x |
| Price / SalesMarket cap ÷ Revenue | 4.79x | 9.58x |
| Price / BookPrice ÷ Book value/share | 1.70x | 2.10x |
| Price / FCFMarket cap ÷ FCF | 15.17x | 18.22x |
Profitability & Efficiency
WSR delivers a 10.8% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $6 for REG. REG carries lower financial leverage with a 0.73x debt-to-equity ratio, signaling a more conservative balance sheet compared to WSR's 1.39x. On the Piotroski fundamental quality scale (0–9), REG scores 7/9 vs WSR's 5/9, reflecting strong financial health.
| Metric | WSRWhitestone REIT | REGRegency Centers C… |
|---|---|---|
| ROE (TTM)Return on equity | +10.8% | +5.8% |
| ROA (TTM)Return on assets | +4.6% | +3.2% |
| ROICReturn on invested capital | +3.7% | +6.1% |
| ROCEReturn on capital employed | +4.8% | +8.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.39x | 0.73x |
| Net DebtTotal debt minus cash | $639M | $5.0B |
| Cash & Equiv.Liquid assets | $5M | $56M |
| Total DebtShort + long-term debt | $644M | $5.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.59x | 5.13x |
Total Returns (with DRIP)
A $10,000 investment in WSR five years ago would be worth $18,587 today (with dividends reinvested), compared to $16,665 for REG. Over the past 12 months, WSR leads with a +14.8% total return vs REG's +6.7%. The 3-year compound annual growth rate (CAGR) favors WSR at 20.7% vs REG's 11.5% — a key indicator of consistent wealth creation.
| Metric | WSRWhitestone REIT | REGRegency Centers C… |
|---|---|---|
| YTD ReturnYear-to-date | +10.0% | +16.2% |
| 1-Year ReturnPast 12 months | +14.8% | +6.7% |
| 3-Year ReturnCumulative with dividends | +75.9% | +38.6% |
| 5-Year ReturnCumulative with dividends | +85.9% | +66.6% |
| 10-Year ReturnCumulative with dividends | +101.1% | +45.5% |
| CAGR (3Y)Annualised 3-year return | +20.7% | +11.5% |
Risk & Volatility
WSR is the less volatile stock with a 0.33 beta — it tends to amplify market swings less than REG's 0.52 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | WSRWhitestone REIT | REGRegency Centers C… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.33x | 0.52x |
| 52-Week HighHighest price in past year | $15.50 | $79.08 |
| 52-Week LowLowest price in past year | $11.43 | $63.44 |
| % of 52W HighCurrent price vs 52-week peak | +98.0% | +99.9% |
| RSI (14)Momentum oscillator 0–100 | 65.9 | 70.9 |
| Avg Volume (50D)Average daily shares traded | 159K | 1.1M |
Analyst Outlook
Wall Street rates WSR as "Buy" and REG as "Buy". Consensus price targets imply 5.3% upside for WSR (target: $16) vs 1.5% for REG (target: $80). REG is the only dividend payer here at 3.39% yield — a key consideration for income-focused portfolios.
| Metric | WSRWhitestone REIT | REGRegency Centers C… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $16.00 | $80.22 |
| # AnalystsCovering analysts | 14 | 32 |
| Dividend YieldAnnual dividend ÷ price | — | +3.4% |
| Dividend StreakConsecutive years of raises | 3 | 4 |
| Dividend / ShareAnnual DPS | — | $2.68 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +1.5% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Whitestone REIT (WSR) | 100 | 115.98 | +16.0% |
| Regency Centers Cor… (REG) | 100 | 119.39 | +19.4% |
Whitestone REIT (WSR) returned +86% over 5 years vs Regency Centers Cor… (REG)'s +67%. A $10,000 investment in WSR 5 years ago would be worth $18,587 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Whitestone REIT (WSR) | $104M | $161M | +54.0% |
| Regency Centers Cor… (REG) | $646M | $1.5B | +132.7% |
Whitestone REIT's revenue grew from $104M (2016) to $161M (2025) — a 4.9% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Whitestone REIT (WSR) | 7.6% | 31.0% | +308.7% |
| Regency Centers Cor… (REG) | 25.5% | 26.6% | +4.3% |
Whitestone REIT's net margin went from 8% (2016) to 31% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Whitestone REIT (WSR) | 65.5 | 19.7 | -69.9% |
| Regency Centers Cor… (REG) | 69.2 | 35 | -49.4% |
Whitestone REIT has traded in a 14x–66x P/E range over 8 years; current trailing P/E is ~-63x. Regency Centers Corporation has traded in a 22x–175x P/E range over 8 years; current trailing P/E is ~37x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Whitestone REIT (WSR) | 0.26 | -0.24 | -192.3% |
| Regency Centers Cor… (REG) | 1.42 | 2.11 | +48.6% |
Whitestone REIT's EPS grew from $0.26 (2016) to $-0.24 (2025) — a NaN% CAGR.
Chart 6Free Cash Flow — 5 Years
Whitestone REIT generated $51M FCF in 2025 (+4% vs 2021). Regency Centers Corporation generated $790M FCF in 2024 (+99% vs 2021).
WSR vs REG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is WSR or REG a better buy right now?
Regency Centers Corporation (REG) offers the better valuation at 37.4x trailing P/E (32.1x forward), making it the more compelling value choice. Analysts rate Whitestone REIT (WSR) a "Buy" — based on 14 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 REG?
On forward P/E, Regency Centers Corporation is actually cheaper at 32.1x.
03Which is the better long-term investment — WSR or REG?
Over the past 5 years, Whitestone REIT (WSR) delivered a total return of +85.9%, compared to +66.6% for Regency Centers Corporation (REG). A $10,000 investment in WSR five years ago would be worth approximately $19K today (assuming dividends reinvested). Over 10 years, the gap is even starker: WSR returned +101.1% versus REG's +45.5%. 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 REG?
By beta (market sensitivity over 5 years), Whitestone REIT (WSR) is the lower-risk stock at 0.33β versus Regency Centers Corporation's 0.52β — meaning REG is approximately 57% more volatile than WSR relative to the S&P 500. On balance sheet safety, Regency Centers Corporation (REG) carries a lower debt/equity ratio of 73% versus 139% for Whitestone REIT — giving it more financial flexibility in a downturn.
05Which has better profit margins — WSR or REG?
Whitestone REIT (WSR) is the more profitable company, earning 31.0% net margin versus 26.6% for Regency Centers Corporation — meaning it keeps 31.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: REG leads at 64.4% versus 33.3% for WSR. At the gross margin level — before operating expenses — REG leads at 71.2%, 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.
06Is WSR or REG more undervalued right now?
On forward earnings alone, Regency Centers Corporation (REG) trades at 32.1x forward P/E versus 33.5x for Whitestone REIT — 1.4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WSR: 5.3% to $16.00.
07Which pays a better dividend — WSR or REG?
In this comparison, REG (3.4% yield) pays a dividend. WSR does not pay a meaningful dividend and should not be held primarily for income.
08Is WSR or REG better for a retirement portfolio?
For long-horizon retirement investors, Regency Centers Corporation (REG) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.52), 3.4% yield). Both have compounded well over 10 years (REG: +45.5%, WSR: +101.1%), 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.
09What are the main differences between WSR and REG?
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; REG is a mid-cap income-oriented stock. REG 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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