WHITESTONE REIT (WSR) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:WSR • US9660842041

14.39 USD
-0.05 (-0.35%)
At close: Feb 3, 2026
14.5 USD
+0.11 (+0.76%)
After Hours: 2/3/2026, 8:04:00 PM
Fundamental Rating

5

WSR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 124 industry peers in the Diversified REITs industry. While WSR has a great profitability rating, there are quite some concerns on its financial health. WSR has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • WSR had positive earnings in the past year.
  • In the past year WSR had a positive cash flow from operations.
  • Each year in the past 5 years WSR has been profitable.
  • WSR had a positive operating cash flow in each of the past 5 years.
WSR Yearly Net Income VS EBIT VS OCF VS FCFWSR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M

1.2 Ratios

  • With an excellent Return On Assets value of 3.88%, WSR belongs to the best of the industry, outperforming 83.06% of the companies in the same industry.
  • The Return On Equity of WSR (10.11%) is better than 86.29% of its industry peers.
  • WSR has a Return On Invested Capital of 3.90%. This is in the better half of the industry: WSR outperforms 74.19% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for WSR is in line with the industry average of 3.05%.
  • The last Return On Invested Capital (3.90%) for WSR is above the 3 year average (3.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.88%
ROE 10.11%
ROIC 3.9%
ROA(3y)2.72%
ROA(5y)1.97%
ROE(3y)7.16%
ROE(5y)5.27%
ROIC(3y)3.59%
ROIC(5y)3.15%
WSR Yearly ROA, ROE, ROICWSR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • WSR has a better Profit Margin (28.16%) than 80.65% of its industry peers.
  • WSR's Profit Margin has improved in the last couple of years.
  • WSR's Operating Margin of 34.03% is fine compared to the rest of the industry. WSR outperforms 69.35% of its industry peers.
  • In the last couple of years the Operating Margin of WSR has grown nicely.
  • WSR has a Gross Margin of 69.58%. This is comparable to the rest of the industry: WSR outperforms 58.06% of its industry peers.
  • WSR's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 34.03%
PM (TTM) 28.16%
GM 69.58%
OM growth 3Y5.79%
OM growth 5Y2.69%
PM growth 3Y35.51%
PM growth 5Y3.87%
GM growth 3Y0.75%
GM growth 5Y0.35%
WSR Yearly Profit, Operating, Gross MarginsWSR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. Health

2.1 Basic Checks

  • WSR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • WSR has more shares outstanding than it did 1 year ago.
  • WSR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, WSR has an improved debt to assets ratio.
WSR Yearly Shares OutstandingWSR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
WSR Yearly Total Debt VS Total AssetsWSR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • WSR has an Altman-Z score of 0.69. 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 (0.69) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.46 is on the high side and indicates that WSR has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.46, WSR is in line with its industry, outperforming 44.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF N/A
Altman-Z 0.69
ROIC/WACC0.57
WACC6.85%
WSR Yearly LT Debt VS Equity VS FCFWSR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • WSR has a Current Ratio of 1.26. This is a normal value and indicates that WSR is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.26, WSR is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
  • WSR has a Quick Ratio of 1.26. This is a normal value and indicates that WSR is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.26, WSR is in the better half of the industry, outperforming 62.90% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.26
WSR Yearly Current Assets VS Current LiabilitesWSR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

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4

3. Growth

3.1 Past

  • WSR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 93.18%, which is quite impressive.
  • The Earnings Per Share has been growing slightly by 5.63% on average over the past years.
  • Looking at the last year, WSR shows a small growth in Revenue. The Revenue has grown by 4.51% in the last year.
  • The Revenue has been growing slightly by 5.28% on average over the past years.
EPS 1Y (TTM)93.18%
EPS 3Y39.77%
EPS 5Y5.63%
EPS Q2Q%133.33%
Revenue 1Y (TTM)4.51%
Revenue growth 3Y7.16%
Revenue growth 5Y5.28%
Sales Q2Q%6.25%

3.2 Future

  • Based on estimates for the next years, WSR will show a decrease in Earnings Per Share. The EPS will decrease by -2.17% on average per year.
  • The Revenue is expected to grow by 4.50% on average over the next years.
EPS Next Y-9.91%
EPS Next 2Y-18.02%
EPS Next 3Y-9.85%
EPS Next 5Y-2.17%
Revenue Next Year3.85%
Revenue Next 2Y5.01%
Revenue Next 3Y4.58%
Revenue Next 5Y4.5%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
WSR Yearly Revenue VS EstimatesWSR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 50M 100M 150M 200M
WSR Yearly EPS VS EstimatesWSR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6

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4

4. Valuation

4.1 Price/Earnings Ratio

  • WSR is valuated correctly with a Price/Earnings ratio of 16.93.
  • Based on the Price/Earnings ratio, WSR is valued cheaper than 87.10% of the companies in the same industry.
  • WSR is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 30.15 indicates a quite expensive valuation of WSR.
  • Based on the Price/Forward Earnings ratio, WSR is valued a bit cheaper than the industry average as 78.23% of the companies are valued more expensively.
  • WSR's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.51.
Industry RankSector Rank
PE 16.93
Fwd PE 30.15
WSR Price Earnings VS Forward Price EarningsWSR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of WSR is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.46
WSR Per share dataWSR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • The excellent profitability rating of WSR may justify a higher PE ratio.
  • A cheap valuation may be justified as WSR's earnings are expected to decrease with -9.85% in the coming years.
PEG (NY)N/A
PEG (5Y)3.01
EPS Next 2Y-18.02%
EPS Next 3Y-9.85%

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5

5. Dividend

5.1 Amount

  • WSR has a Yearly Dividend Yield of 4.10%, which is a nice return.
  • WSR's Dividend Yield is slightly below the industry average, which is at 6.98.
  • WSR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 4.1%

5.2 History

  • The dividend of WSR decreases each year by -15.28%.
  • 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)-15.28%
Div Incr Years3
Div Non Decr Years3
WSR Yearly Dividends per shareWSR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • WSR pays out 60.32% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of WSR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP60.32%
EPS Next 2Y-18.02%
EPS Next 3Y-9.85%
WSR Yearly Income VS Free CF VS DividendWSR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M
WSR Dividend Payout.WSR Dividend Payout, showing the Payout Ratio.WSR Dividend Payout.PayoutRetained Earnings

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WHITESTONE REIT

NYSE:WSR (2/3/2026, 8:04:00 PM)

After market: 14.5 +0.11 (+0.76%)

14.39

-0.05 (-0.35%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-29
Earnings (Next)02-25
Inst Owners66.21%
Inst Owner Change-0.54%
Ins Owners3.51%
Ins Owner Change5.56%
Market Cap734.18M
Revenue(TTM)157.78M
Net Income(TTM)44.42M
Analysts80
Price Target15.3 (6.32%)
Short Float %1.24%
Short Ratio2.67
Dividend
Industry RankSector Rank
Dividend Yield 4.1%
Yearly Dividend0.49
Dividend Growth(5Y)-15.28%
DP60.32%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)124.43%
Min EPS beat(2)18.82%
Max EPS beat(2)230.03%
EPS beat(4)3
Avg EPS beat(4)109.17%
Min EPS beat(4)-18.46%
Max EPS beat(4)230.03%
EPS beat(8)6
Avg EPS beat(8)126.63%
EPS beat(12)7
Avg EPS beat(12)114.93%
EPS beat(16)9
Avg EPS beat(16)89.69%
Revenue beat(2)1
Avg Revenue beat(2)0.79%
Min Revenue beat(2)-2.68%
Max Revenue beat(2)4.25%
Revenue beat(4)2
Avg Revenue beat(4)0.53%
Min Revenue beat(4)-3.76%
Max Revenue beat(4)4.3%
Revenue beat(8)2
Avg Revenue beat(8)-0.22%
Revenue beat(12)2
Avg Revenue beat(12)-0.53%
Revenue beat(16)5
Avg Revenue beat(16)-0.07%
PT rev (1m)0%
PT rev (3m)1.69%
EPS NQ rev (1m)1.14%
EPS NQ rev (3m)7.27%
EPS NY rev (1m)0%
EPS NY rev (3m)64.5%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)4.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.33%
Valuation
Industry RankSector Rank
PE 16.93
Fwd PE 30.15
P/S 4.65
P/FCF N/A
P/OCF 13.86
P/B 1.67
P/tB 1.67
EV/EBITDA 15.46
EPS(TTM)0.85
EY5.91%
EPS(NY)0.48
Fwd EY3.32%
FCF(TTM)-0.48
FCFYN/A
OCF(TTM)1.04
OCFY7.22%
SpS3.09
BVpS8.61
TBVpS8.61
PEG (NY)N/A
PEG (5Y)3.01
Graham Number12.84
Profitability
Industry RankSector Rank
ROA 3.88%
ROE 10.11%
ROCE 4.94%
ROIC 3.9%
ROICexc 3.93%
ROICexgc 3.94%
OM 34.03%
PM (TTM) 28.16%
GM 69.58%
FCFM N/A
ROA(3y)2.72%
ROA(5y)1.97%
ROE(3y)7.16%
ROE(5y)5.27%
ROIC(3y)3.59%
ROIC(5y)3.15%
ROICexc(3y)3.61%
ROICexc(5y)3.18%
ROICexgc(3y)3.65%
ROICexgc(5y)3.22%
ROCE(3y)4.54%
ROCE(5y)3.99%
ROICexgc growth 3Y12.11%
ROICexgc growth 5Y6.64%
ROICexc growth 3Y12.38%
ROICexc growth 5Y6.74%
OM growth 3Y5.79%
OM growth 5Y2.69%
PM growth 3Y35.51%
PM growth 5Y3.87%
GM growth 3Y0.75%
GM growth 5Y0.35%
F-Score7
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 1.46
Debt/FCF N/A
Debt/EBITDA 7.25
Cap/Depr 221.75%
Cap/Sales 49.1%
Interest Coverage 1.6
Cash Conversion 59.78%
Profit Quality N/A
Current Ratio 1.26
Quick Ratio 1.26
Altman-Z 0.69
F-Score7
WACC6.85%
ROIC/WACC0.57
Cap/Depr(3y)159.87%
Cap/Depr(5y)164.15%
Cap/Sales(3y)36.2%
Cap/Sales(5y)37.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)93.18%
EPS 3Y39.77%
EPS 5Y5.63%
EPS Q2Q%133.33%
EPS Next Y-9.91%
EPS Next 2Y-18.02%
EPS Next 3Y-9.85%
EPS Next 5Y-2.17%
Revenue 1Y (TTM)4.51%
Revenue growth 3Y7.16%
Revenue growth 5Y5.28%
Sales Q2Q%6.25%
Revenue Next Year3.85%
Revenue Next 2Y5.01%
Revenue Next 3Y4.58%
Revenue Next 5Y4.5%
EBIT growth 1Y11.67%
EBIT growth 3Y13.37%
EBIT growth 5Y8.11%
EBIT Next Year79.96%
EBIT Next 3Y25.07%
EBIT Next 5YN/A
FCF growth 1Y-12.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.14%
OCF growth 3Y6.01%
OCF growth 5Y4.05%

WHITESTONE REIT / WSR FAQ

Can you provide the ChartMill fundamental rating for WHITESTONE REIT?

ChartMill assigns a fundamental rating of 5 / 10 to WSR.


Can you provide the valuation status for WHITESTONE REIT?

ChartMill assigns a valuation rating of 4 / 10 to WHITESTONE REIT (WSR). This can be considered as Fairly Valued.


What is the profitability of WSR stock?

WHITESTONE REIT (WSR) has a profitability rating of 8 / 10.


What is the valuation of WHITESTONE REIT based on its PE and PB ratios?

The Price/Earnings (PE) ratio for WHITESTONE REIT (WSR) is 16.93 and the Price/Book (PB) ratio is 1.67.


What is the earnings growth outlook for WHITESTONE REIT?

The Earnings per Share (EPS) of WHITESTONE REIT (WSR) is expected to decline by -9.91% in the next year.