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Whitestone REIT(WSR)Earnings, Financials & Key Ratios
WSR•NYSE•REIT / Real Estate
$18.94
19.9× P/E·Price updated Jun 25, 2026
AboutWhitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.Show more
- Revenue$161M+3.4%
- FFO$86M+19.5%
- FFO/Share1.66+18.3%
- FFO Payout0%-100.0%
- FFO per Share1.66+18.3%
- NOI Margin68.83%-2.3%
- FFO Margin53.37%+15.5%
- ROE11%+28.7%
- ROA4.33%+31.9%
WSR Price & Volume
Whitestone REIT (WSR) stock price & volume — 10-year historical chart
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Volatile NOI Margins Obscure Retail Asset Performance
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial Position:Strained
Cash Flow:Mixed
Primary Risk:High regional market concentration
"Whitestone REIT exhibits a complex financial profile characterized by inconsistent NOI margins and significant FFO volatility, which complicates long-term valuation. While the company achieved 9.3% revenue growth in 2026Q1, the sharp contraction in NOI margins to 22.5% suggests underlying operational challenges in its Sunbelt retail portfolio. Investors should remain cautious given the persistent debt-to-equity ratio of 1.39 and the potential for aggressive capitalization practices to mask true maintenance requirements."
Verdict Logic
the recent collapse of NOI margins to 22.5% in 2026Q1, combined with thin cash reserves as low as $2.5 million, suggests elevated operational risk that outweighs current growth signals.
WSR Growth Metrics
Whitestone REIT (WSR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.59%
5 Years5.42%
3 Years4.59%
TTM5.81%
Profit CAGR
10 Years22.15%
5 Years52.6%
3 Years12.28%
TTM61.15%
EPS CAGR
10 Years14.75%
5 Years46.66%
3 Years10.19%
TTM58.88%
Return on Capital
10 Years4.39%
5 Years4.67%
3 Years4.8%
Last Year4.79%
WSR Recent Earnings
Whitestone REIT (WSR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.27+200.0%
$0.09
Rev
$42M+0.7%
$42M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.28+136.7%
$0.12
Rev
$43M+5.5%
$41M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.26+0.0%
$0.26
Rev
$41M-0.5%
$41M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.26+4.0%
$0.25
Rev
$38M-3.7%
$39M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.27vs $0.09+200.0% | $42Mvs $42M+0.7% |
| Q1 2026 | Feb 25, 2026 | $0.28vs $0.12+136.7% | $43Mvs $41M+5.5% |
| Q4 2025 | Oct 29, 2025 | $0.26vs $0.26+0.0% | $41Mvs $41M-0.5% |
| Q3 2025 | Jul 30, 2025 | $0.26vs $0.25+4.0% | $38Mvs $39M-3.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Whitestone REIT (WSR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $18.94 | $973.4M | 19.94 | 3.44% | 31.04% | 11% | — | |
| $1.89 | $684.16K | -0.05 | -4.9% | 5.9% | 6.34% | — | |
| $27.31 | $693.08M | -21.67 | -3.24% | -12.67% | -10.13% | — | |
| $42.21 | $5.32B | 47.43 | 10.72% | 15.61% | 4.46% | — | |
| $21.14 | $714.19M | 264.58 | 20.1% | 7.92% | 2.16% | — | |
| $20.76 | $2.06B | 253.17 | 20.91% | 5.66% | 0.78% | — |
Compare WSR vs Peers
Whitestone REIT (WSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WSR SEC Filings & Documents
Whitestone REIT (WSR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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WSR Frequently Asked Questions
Whitestone REIT (WSR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Whitestone REIT's revenue?
Whitestone REIT (WSR) reported $165.1M in revenue for fiscal year 2025. This represents a 696% increase from $20.8M in 2002.
How fast is Whitestone REIT growing?
Whitestone REIT (WSR) grew revenue by 3.4% over the past year. Growth has been modest.
Is WSR profitable?
Yes, Whitestone REIT (WSR) is profitable, generating $50.4M in net income for fiscal year 2025 (31.0% net margin).
Dividend & Returns
What is WSR's return on equity?
Whitestone REIT (WSR) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.
Industry Metrics
What is Whitestone REIT's FFO?
Whitestone REIT (WSR) generated Funds From Operations (FFO) of $87.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.