WHITESTONE REIT (WSR)
US9660842041 - REIT
WSR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. WSR scores excellent on profitability, but there are concerns on its financial health. WSR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year WSR was profitable.
In the past year WSR had a positive cash flow from operations.
WSR had positive earnings in each of the past 5 years.
Each year in the past 5 years WSR had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 1.90%, WSR is doing good in the industry, outperforming 65.63% of the companies in the same industry.
Looking at the Return On Equity, with a value of 5.03%, WSR is in the better half of the industry, outperforming 70.31% of the companies in the same industry.
With a decent Return On Invested Capital value of 3.65%, WSR is doing good in the industry, outperforming 71.09% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WSR is in line with the industry average of 3.08%.
The last Return On Invested Capital (3.65%) for WSR is above the 3 year average (3.21%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 5.03% | ||
| ROIC | 3.65% |
ROA(3y)2%
ROA(5y)1.76%
ROE(3y)5.38%
ROE(5y)4.95%
ROIC(3y)3.21%
ROIC(5y)2.94%
1.3 Margins
The Profit Margin of WSR (13.97%) is better than 65.63% of its industry peers.
WSR's Profit Margin has declined in the last couple of years.
WSR has a Operating Margin of 31.85%. This is in the better half of the industry: WSR outperforms 69.53% of its industry peers.
WSR's Operating Margin has improved in the last couple of years.
The Gross Margin of WSR (69.79%) is comparable to the rest of the industry.
WSR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.85% | ||
| PM (TTM) | 13.97% | ||
| GM | 69.79% |
OM growth 3Y8.57%
OM growth 5Y2.91%
PM growth 3Y36.88%
PM growth 5Y-5.8%
GM growth 3Y0.72%
GM growth 5Y0%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WSR is destroying value.
The number of shares outstanding for WSR has been increased compared to 1 year ago.
Compared to 5 years ago, WSR has more shares outstanding
Compared to 1 year ago, WSR has a worse debt to assets ratio.
2.2 Solvency
WSR has an Altman-Z score of 0.64. This is a bad value and indicates that WSR is not financially healthy and even has some risk of bankruptcy.
WSR has a Altman-Z score (0.64) which is comparable to the rest of the industry.
WSR has a Debt/Equity ratio of 1.47. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.47, WSR is not doing good in the industry: 63.28% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.64 |
ROIC/WACC0.54
WACC6.72%
2.3 Liquidity
WSR has a Current Ratio of 1.19. This is a normal value and indicates that WSR is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of WSR (1.19) is comparable to the rest of the industry.
A Quick Ratio of 1.19 indicates that WSR should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.19, WSR perfoms like the industry average, outperforming 50.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The earnings per share for WSR have decreased strongly by -21.43% in the last year.
The earnings per share for WSR have been decreasing by -15.14% on average. This is quite bad
The Revenue has been growing slightly by 4.58% in the past year.
WSR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.16% yearly.
EPS 1Y (TTM)-21.43%
EPS 3Y30.06%
EPS 5Y-15.14%
EPS Q2Q%200%
Revenue 1Y (TTM)4.58%
Revenue growth 3Y7.62%
Revenue growth 5Y4.16%
Sales Q2Q%4.04%
3.2 Future
WSR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.44% yearly.
The Revenue is expected to grow by 4.66% on average over the next years.
EPS Next Y123.43%
EPS Next 2Y52.51%
EPS Next 3Y36.99%
EPS Next 5Y24.44%
Revenue Next Year3.91%
Revenue Next 2Y4.2%
Revenue Next 3Y4.43%
Revenue Next 5Y4.66%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 32.34, which means the current valuation is very expensive for WSR.
Based on the Price/Earnings ratio, WSR is valued a bit cheaper than 64.84% of the companies in the same industry.
WSR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.54.
The Price/Forward Earnings ratio is 27.81, which means the current valuation is very expensive for WSR.
Based on the Price/Forward Earnings ratio, WSR is valued cheaply inside the industry as 82.03% of the companies are valued more expensively.
WSR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.34 | ||
| Fwd PE | 27.81 |
4.2 Price Multiples
WSR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. WSR is more expensive than 66.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.28 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
WSR has a very decent profitability rating, which may justify a higher PE ratio.
WSR's earnings are expected to grow with 36.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y52.51%
EPS Next 3Y36.99%
5. Dividend
5.1 Amount
WSR has a Yearly Dividend Yield of 3.79%.
WSR's Dividend Yield is slightly below the industry average, which is at 16.05.
Compared to an average S&P500 Dividend Yield of 2.36, WSR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
5.2 History
The dividend of WSR decreases each year by -15.91%.
WSR has been paying a dividend for at least 10 years, so it has a reliable track record.
WSR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-15.91%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
114.97% of the earnings are spent on dividend by WSR. This is not a sustainable payout ratio.
DP114.97%
EPS Next 2Y52.51%
EPS Next 3Y36.99%
WHITESTONE REIT
NYSE:WSR (12/26/2024, 11:11:39 AM)
14.23
+0.08 (+0.57%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners63.05%
Inst Owner Change-1.18%
Ins Owners3.04%
Ins Owner Change0.56%
Market Cap720.75M
Analysts80
Price Target16.61 (16.73%)
Short Float %0.99%
Short Ratio1.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.79% |
Dividend Growth(5Y)-15.91%
DP114.97%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)13.45%
Min EPS beat(2)-38.12%
Max EPS beat(2)65.02%
EPS beat(4)3
Avg EPS beat(4)144.08%
Min EPS beat(4)-38.12%
Max EPS beat(4)375.25%
EPS beat(8)4
Avg EPS beat(8)117.81%
EPS beat(12)6
Avg EPS beat(12)83.2%
EPS beat(16)7
Avg EPS beat(16)73.35%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-1.02%
Max Revenue beat(2)-0.1%
Revenue beat(4)0
Avg Revenue beat(4)-0.97%
Min Revenue beat(4)-2.03%
Max Revenue beat(4)-0.1%
Revenue beat(8)0
Avg Revenue beat(8)-1.06%
Revenue beat(12)3
Avg Revenue beat(12)-0.26%
Revenue beat(16)5
Avg Revenue beat(16)-0.23%
PT rev (1m)3.4%
PT rev (3m)7.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15%
EPS NY rev (1m)-1.68%
EPS NY rev (3m)15.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0.24%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.34 | ||
| Fwd PE | 27.81 | ||
| P/S | 4.77 | ||
| P/FCF | N/A | ||
| P/OCF | 13.89 | ||
| P/B | 1.72 | ||
| P/tB | 1.72 | ||
| EV/EBITDA | 16.28 |
EPS(TTM)0.44
EY3.09%
EPS(NY)0.51
Fwd EY3.6%
FCF(TTM)-0.36
FCFYN/A
OCF(TTM)1.02
OCFY7.2%
SpS2.98
BVpS8.28
TBVpS8.28
PEG (NY)0.26
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.9% | ||
| ROE | 5.03% | ||
| ROCE | 4.62% | ||
| ROIC | 3.65% | ||
| ROICexc | 3.66% | ||
| ROICexgc | 3.67% | ||
| OM | 31.85% | ||
| PM (TTM) | 13.97% | ||
| GM | 69.79% | ||
| FCFM | N/A |
ROA(3y)2%
ROA(5y)1.76%
ROE(3y)5.38%
ROE(5y)4.95%
ROIC(3y)3.21%
ROIC(5y)2.94%
ROICexc(3y)3.23%
ROICexc(5y)2.98%
ROICexgc(3y)3.29%
ROICexgc(5y)3.02%
ROCE(3y)4.06%
ROCE(5y)3.72%
ROICexcg growth 3Y13.57%
ROICexcg growth 5Y5.64%
ROICexc growth 3Y13.07%
ROICexc growth 5Y5.33%
OM growth 3Y8.57%
OM growth 5Y2.91%
PM growth 3Y36.88%
PM growth 5Y-5.8%
GM growth 3Y0.72%
GM growth 5Y0%
F-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.47 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.44 | ||
| Cap/Depr | 201.19% | ||
| Cap/Sales | 46.32% | ||
| Interest Coverage | 1.44 | ||
| Cash Conversion | 62.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 0.64 |
F-Score7
WACC6.72%
ROIC/WACC0.54
Cap/Depr(3y)190.44%
Cap/Depr(5y)155.4%
Cap/Sales(3y)43.57%
Cap/Sales(5y)35.45%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.43%
EPS 3Y30.06%
EPS 5Y-15.14%
EPS Q2Q%200%
EPS Next Y123.43%
EPS Next 2Y52.51%
EPS Next 3Y36.99%
EPS Next 5Y24.44%
Revenue 1Y (TTM)4.58%
Revenue growth 3Y7.62%
Revenue growth 5Y4.16%
Sales Q2Q%4.04%
Revenue Next Year3.91%
Revenue Next 2Y4.2%
Revenue Next 3Y4.43%
Revenue Next 5Y4.66%
EBIT growth 1Y2.44%
EBIT growth 3Y16.85%
EBIT growth 5Y7.18%
EBIT Next Year807.77%
EBIT Next 3Y115.96%
EBIT Next 5YN/A
FCF growth 1Y-362.4%
FCF growth 3Y-47.69%
FCF growth 5Y-28.91%
OCF growth 1Y6.37%
OCF growth 3Y3.62%
OCF growth 5Y3.77%