WSR - Whitestone REIT Stock Price, Fair Value and News

11.38USD0.00 (0.00%)Market Closed

Market Summary

USD11.380.00

Market Closed

0.00%

WSR Stock Price

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WSR RSI Chart

WSR Valuation

Market Cap

568.5M

Price/Earnings (Trailing)

29.64

Price/Sales (Trailing)

3.87

EV/EBITDA

6.34

Price/Free Cashflow

11.94

WSR Price/Sales (Trailing)

WSR Profitability

EBT Margin

15.69%

Return on Equity

4.64%

Return on Assets

1.72%

Free Cashflow Yield

8.37%

WSR Fundamentals

WSR Revenue

Revenue (TTM)

147.0M

Rev. Growth (Yr)

7.46%

Rev. Growth (Qtr)

1.05%

WSR Earnings

Earnings (TTM)

19.2M

Earnings Growth (Yr)

-92.27%

Earnings Growth (Qtr)

-38.01%

Breaking Down WSR Revenue

Last 7 days

1.4%

Last 30 days

-7.0%

Last 90 days

-11.0%

Trailing 12 Months

29.0%

How does WSR drawdown profile look like?

WSR Financial Health

WSR Investor Care

Dividend Yield

4.42%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

1.08%

Diluted EPS (TTM)

0.38

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	141.1M	142.6M	144.4M	147.0M
2022	130.4M	134.8M	137.8M	139.4M
2021	116.4M	119.4M	121.9M	125.4M
2020	120.1M	118.2M	118.2M	117.9M
2019	119.8M	119.9M	119.1M	119.3M
2018	127.5M	126.7M	123.8M	119.9M
2017	107.3M	112.3M	120.5M	126.0M
2016	97.6M	100.8M	101.7M	104.4M
2015	76.3M	81.0M	87.0M	93.4M
2014	64.4M	67.3M	70.0M	72.4M
2013	49.6M	53.0M	57.2M	60.5M
2012	37.3M	40.2M	43.0M	46.6M
2011	32.0M	32.3M	33.2M	34.9M
2010	0	32.3M	31.9M	31.5M
2009	0	0	0	32.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Whitestone REIT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 31, 2023	hogan john scott	sold (taxes)	-152,298	12.29	-12,392	chief financial officer
Dec 31, 2023	mastandrea christine j	acquired	-	-	60,000	chief operating officer
Dec 31, 2023	holeman david k	sold (taxes)	-438,986	12.29	-35,719	chief executive officer
Dec 31, 2023	hogan john scott	acquired	-	-	48,000	chief financial officer
Dec 31, 2023	mastandrea christine j	sold (taxes)	-188,209	12.29	-15,314	chief operating officer
Dec 31, 2023	siv soklin	acquired	-	-	20,000	vp of human resources
Dec 31, 2023	siv soklin	sold (taxes)	-68,504	12.29	-5,574	vp of human resources
Dec 31, 2023	tropoli peter	sold (taxes)	-164,268	12.29	-13,366	general counsel & secretary
Dec 31, 2023	holeman david k	acquired	-	-	120,000	chief executive officer
Dec 31, 2023	tropoli peter	acquired	-	-	52,000	general counsel & secretary

Which funds bought or sold WSR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Lindbrook Capital, LLC	unchanged	-	38.00	1,857	-%
Apr 25, 2024	Allworth Financial LP	unchanged	-	68.00	3,276	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	4,888	235,940	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-30,000	-	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-1.79	20,465	7,199,660	-%
Apr 25, 2024	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	reduced	-2.43	-4,000	1,109,000	-%
Apr 24, 2024	Robeco Institutional Asset Management B.V.	sold off	-100	-5,051	-	-%
Apr 24, 2024	Dakota Wealth Management	reduced	-0.32	14,981	853,639	0.02%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	29.00	1,468	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.27	2,371	292,415	0.01%

Are Funds Buying or Selling WSR?

Are funds buying WSR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WSR

No. of Funds

Unveiling Whitestone REIT's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 02, 2024	mcb pr capital llc	4.98%	2,490,000	SC 13G/A
Feb 13, 2024	vanguard group inc	11.15%	5,527,136	SC 13G/A
Feb 07, 2024	mcb pr capital llc	5.5%	2,500,000	SC 13G
Jan 22, 2024	blackrock inc.	15.7%	7,791,748	SC 13G/A
Dec 08, 2023	vanguard group inc	11.16%	5,531,957	SC 13G/A
Feb 09, 2023	vanguard group inc	6.35%	3,134,594	SC 13G/A
Jan 24, 2023	blackrock inc.	15.9%	7,876,839	SC 13G/A
Jan 28, 2022	blackrock inc.	15.4%	7,555,899	SC 13G/A
Nov 10, 2021	vanguard group inc	5.07%	2,491,038	SC 13G/A
Mar 10, 2021	vanguard group inc	10.16%	4,307,968	SC 13G/A

Recent SEC filings of Whitestone REIT

View All Filings

Date Filed	Form Type	Document
Apr 26, 2024	DFAN14A	DFAN14A
Apr 24, 2024	DEFA14A	DEFA14A
Apr 24, 2024	DEFA14A	DEFA14A
Apr 23, 2024	DFAN14A	DFAN14A
Apr 22, 2024	DFAN14A	DFAN14A
Apr 22, 2024	DFAN14A	DFAN14A
Apr 09, 2024	DFAN14A	DFAN14A
Apr 05, 2024	DEFA14A	DEFA14A
Apr 05, 2024	DEFC14A	DEFC14A
Apr 04, 2024	ARS	ARS

Peers (Alternatives to Whitestone REIT)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.0B	11.1B	-13.07%	-16.56%	58.53	7.18	4.04%	-19.43%
CCI	40.6B	7.0B	-11.42%	-23.94%	27.05	5.82	-0.07%	-10.36%
AVB	27.2B	2.8B	4.23%	7.77%	29.28	9.82	6.73%	-18.30%
ARE	20.0B	3.0B	-8.98%	-5.30%	103.7	6.76	10.44%	-74.28%
AMH	13.2B	1.6B	0.36%	10.41%	30.48	8.2	7.80%	39.39%
REG	10.8B	1.3B	-3.17%	-3.56%	29.5	8.13	8.04%	-24.50%
BXP	9.7B	3.3B	-2.61%	16.43%	50.75	2.95	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.1B	0.64%	5.62%	35.79	7.49	5.38%	-38.52%
MAC	3.4B	884.1M	-8.25%	61.48%	-12.34	3.83	2.90%	-314.82%
SLG	3.3B	899.4M	-5.88%	123.69%	-5.81	3.64	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-1.89%	16.07%	19.98	2.93	4.38%	15.77%
AIV	1.2B	198.2M	-0.86%	4.68%	-7.41	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-4.62%	2.48%	13.66	1.81	25.53%	134.62%
NYMT	642.3M	258.7M	-1.26%	-30.71%	-13.2	2.48	0.11%	83.70%
IVR	414.8M	277.9M	-10.27%	-17.45%	-26.16	1.49	44.33%	96.06%

Whitestone REIT News

Latest updates

Whitestone REIT Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.1%	38.00	37.00	36.00	36.00	35.00	35.00	35.00	34.00	33.00	32.00	31.00	29.00	30.00	30.00	28.00	31.00	30.00	30.00	30.00	30.00	30.00
Costs and Expenses	0.4%	25.00	25.00	25.00	24.00	23.00	25.00	24.00	21.00	25.00	23.00	21.00	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	6.00	6.00	6.00	6.00	6.00	4.00	6.00	7.00	7.00	6.00	7.00	6.00	6.00	6.00
S&GA Expenses	-7.2%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	3.00	7.00	6.00	5.00	6.00	6.00	6.00	5.00	5.00	5.00	6.00	5.00	6.00	5.00
EBITDA Margin	-17.2%	0.60*	0.73*	0.73*	0.67*	0.68*	0.54*	0.54*	0.54*	0.51*	0.48*	0.49*	0.51*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.2%	8.00	8.00	8.00	8.00	8.00	7.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	7.00	7.00	7.00	7.00	7.00	6.00
Income Taxes	16.8%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Before Taxes	7.1%	3.00	3.00	13.00	4.00	20.00	4.00	5.00	7.00	3.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-
EBT Margin	-43.7%	0.16*	0.28*	0.29*	0.24*	0.26*	0.13*	0.13*	0.12*	0.08*	0.05*	0.05*	0.05*	-	-	-	-	-	-	-	-	-
Net Income	-38.0%	2.00	2.00	11.00	4.00	20.00	4.00	4.00	7.00	3.00	3.00	5.00	1.00	3.00	1.00	0.00	2.00	16.00	2.00	3.00	3.00	8.00
Net Income Margin	-50.1%	0.13*	0.26*	0.28*	0.23*	0.25*	0.13*	0.13*	0.14*	0.10*	0.10*	0.09*	0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	-16.9%	12.00	14.00	17.00	5.00	11.00	15.00	13.00	5.00	15.00	18.00	10.00	4.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.4%	1,113	1,118	1,129	1,094	1,103	1,100	1,089	1,095	1,102	1,071	1,034	1,037	1,045	1,065	1,071	1,071	1,056	1,012	1,013	1,019	1,029
Cash Equivalents	53.6%	5.00	3.00	3.00	3.00	6.00	10.00	8.00	11.00	16.00	11.00	22.00	23.00	26.00	39.00	40.00	37.00	16.00	6.00	5.00	5.00	14.00
Liabilities	1.3%	694	685	697	675	678	689	683	690	703	677	668	698	707	729	734	730	703	679	675	671	670
Shareholder's Equity	-3.1%	414	427	432	419	418	411	406	405	399	394	366	338	338	336	337	341	353	333	338	348	359
Retained Earnings	-2.1%	-216	-212	-209	-214	-212	-226	-224	-	-223	-	-	-	-	-	-	-	-	-	-	-	-
Additional Paid-In Capital	0.2%	628	627	626	626	625	624	623	622	623	619	590	563	562	560	559	557	555	540	534	529	528
Shares Outstanding	0.1%	50.00	50.00	50.00	49.00	49.00	49.00	49.00	49.00	45.00	44.00	46.00	42.00	-	-	-	-	-	-	-	-	-
Minority Interest	-3.3%	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	7.00	8.00	8.00	8.00	8.00	9.00
Float	-	-	-	480	-	-	-	529	-	-	-	377	-	-	-	308	-	-	-	509	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-16.9%	11,746	14,143	16,796	4,915	10,972	15,146	13,398	4,915	15,337	17,614	9,986	4,103	13,556	15,300	8,707	5,213	17,772	11,361	12,550	6,065	10,797
Share Based Compensation	23.6%	1,242	1,005	725	755	1,272	869	783	-1,413	1,847	1,491	1,177	1,398	2,083	1,592	1,140	1,248	1,935	1,640	1,025	1,883	1,847
Cashflow From Investing	-222.1%	-11,540	9,451	-30,697	-3,529	3,404	-2,922	-3,837	-3,359	-31,808	-55,923	-1,971	-1,528	-1,554	-1,833	-1,460	-1,593	-32,433	-3,725	-3,773	-2,455	5,907
Cashflow From Financing	105.8%	1,361	-23,570	13,278	-4,069	-17,588	-11,305	-12,169	-6,214	21,421	26,788	-10,289	-5,605	-25,164	-14,428	-4,047	17,616	24,766	-7,515	-8,634	-12,716	-12,398
Dividend Payments	0.0%	5,930	5,928	5,913	5,913	5,909	5,901	5,880	5,268	5,257	4,981	4,602	4,480	4,432	4,430	4,413	11,928	11,580	11,430	11,316	11,301	11,302
Buy Backs	-100.0%	-	236	-	-	10.00	249	278	-	13.00	250	104	324	1.00	6.00	440	1,630	-	-	14.00	762	262

WSR Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Rental(1)

^[1]

$ 145,652

$ 138,200

$ 123,877

Management, transaction, and other fees

1,317

1,221

1,488

Total revenues

146,969

139,421

125,365

Depreciation and amortization

32,966

31,707

28,950

Operating and maintenance

27,948

25,688

22,560

Real estate taxes

18,016

17,607

16,762

General and administrative

20,653

18,066

22,625

Total operating expenses

99,583

93,068

90,897

Other expenses (income)

Interest expense

32,866

27,193

24,564

Gain on sale of properties

(9,006)

(16,950)

(266)

Loss on disposal of assets

522

192

Interest, dividend and other investment income

(51)

(65)

(116)

Total other expenses

24,331

10,370

24,272

Income before equity investment in real estate partnership and income tax

23,055

35,983

10,196

Equity (deficit) in earnings of real estate partnership

(3,155)

239

609

Provision for income tax

(450)

(422)

(385)

Income from continuing operations

19,450

35,800

10,420

Gain on sale of property from discontinued operations

1,833

Income from discontinued operations

1,833

Net income

19,450

35,800

12,253

Less: Net income attributable to noncontrolling interests

270

530

205

Net income attributable to Whitestone REIT

$ 19,180

$ 35,270

$ 12,048

Basic Earnings Per Share:

Income from continuing operations attributable to Whitestone REIT, excluding amounts attributable to unvested restricted shares (in dollars per share)

$ 0.39

$ 0.72

$ 0.23

Income from discontinued operations attributable to Whitestone REIT (in dollars per share)

0.03

Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)

0.39

0.72

0.26

Diluted Earnings Per Share:

Income from continuing operations attributable to Whitestone REIT, excluding amounts attributable to unvested restricted shares (in dollars per share)

0.38

0.71

0.22

Income from discontinued operations attributable to Whitestone REIT (in dollars per share)

0.04

Net income attributable to common shareholders, excluding amounts attributable to unvested restricted shares (in dollars per share)

$ 0.38

$ 0.71

$ 0.26

Weighted average number of common shares outstanding:

Basic (in shares)

49,501

49,256

45,486

Diluted (in shares)

50,813

49,950

46,336

Consolidated Statements of Comprehensive Income (Loss)

Net income

$ 19,450

$ 35,800

$ 12,253

Other comprehensive income (loss)

Unrealized gain (loss) on cash flow hedging activities

(3,452)

12,925

7,803

Comprehensive income

15,998

48,725

20,056

Less: Net income attributable to noncontrolling interests

270

530

205

Less: Comprehensive income (loss) attributable to noncontrolling interests

(48)

191

130

Comprehensive income attributable to Whitestone REIT

15,776

48,004

19,721

Rental revenues

105,494

101,113

90,859

Recoveries

41,109

38,243

32,928

Bad debt

(951)

(1,156)

Total rental

^[1]

$ 145,652

$ 138,200

$ 123,877

[1]	(1) Rental Rental revenues $ 105,494 $ 101,113 $ 90,859 Recoveries 41,109 38,243 32,928 Bad debt (951 ) (1,156 ) 90 Total rental $ 145,652 $ 138,200 $ 123,877

WSR Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Property

$ 1,221,466

$ 1,199,041

Accumulated depreciation

(229,767)

(208,286)

Total real estate assets

991,699

990,755

Investment in real estate partnership

^{[1],[2],[3],[4]}

31,671

34,826

Cash and cash equivalents

4,572

6,166

Restricted cash

189

Escrows and deposits

24,148

12,827

Accrued rents and accounts receivable, net of allowance for doubtful accounts

30,592

25,570

Unamortized lease commissions, legal fees and loan costs

13,783

12,697

Prepaid expenses and other assets(1)

^[5]

4,765

7,838

Finance lease right-of-use assets

10,428

10,522

Total assets(1)

1,113,239

1,102,767

Liabilities:

Notes payable

640,172

625,427

Accounts payable and accrued expenses(2)

^[6]

36,513

36,154

Tenants' security deposits

8,614

8,428

Dividends and distributions payable

6,025

6,008

Finance lease liabilities

721

735

Total liabilities

693,622

678,313

Commitments and contingencies:

Equity:

Preferred shares, $0.001 par value per share; 50,000,000 shares authorized; none issued and outstanding as of December 31, 2023 and December 31, 2022

Common shares, $0.001 par value per share; 400,000,000 shares authorized; 49,610,831 and 49,422,716 issued and outstanding as of December 31, 2023 and December 31, 2022, respectively

Additional paid-in capital

628,079

624,785

Accumulated deficit

(216,963)

(212,366)

Accumulated other comprehensive income

2,576

5,980

Total Whitestone REIT shareholders' equity

413,742

418,448

Noncontrolling interest in subsidiary

5,875

6,006

Total equity

419,617

424,454

Total liabilities and equity(2)

1,113,239

1,102,767

(1) Operating lease right of use assets (net)

109

124

(2) Operating lease liabilities

112

129

Related Parties [Member]

Receivable due from related party

1,513

1,377

Liabilities:

Other liabilities

$ 1,577

$ 1,561

[1]	On December 26, 2021, the Board of Trustees of Pillarstone REIT adopted a new rights agreement (the “Pillarstone Rights Agreement”), pursuant to which each holder of Pillarstone REIT common stock received one preferred share purchase right (a “Right”) per common share held as of the applicable record date. Each Right entitles the registered holder to purchase from Pillarstone REIT one one-thousandth (a “Unit”) of a series D preferred share of Pillarstone at a purchase price (“Purchase Price”) of $7.00 per Unit, subject to adjustment. The Rights are exercisable upon the occurrence of certain events as described in the Pillarstone Rights Agreement, including the acquisition by certain holders of 5% or more of the common shares of Pillarstone REIT (an “Acquiring Person”). Upon the acquisition of Pillarstone REIT common shares by an Acquiring Person, each holder of a Right (other than an Acquiring Person), will have the right to receive upon exercise a number of Pillarstone REIT common shares having a market value of two times the Purchase Price. As set forth in the Amended and Restated Limited Partnership Agreement of Pillarstone OP, dated as of December 8, 2016 (the “Pillarstone Partnership Agreement”), we have the contractual right to have our limited partnership interests in Pillarstone redeemed at our discretion. However, upon receipt of a redemption notice, Pillarstone OP has the option of the applicable redemption price in cash, based on the market value of Pillarstone REIT common shares, or in Pillarstone REIT common shares. To the extent we seek to have our partnership units in Pillarstone OP redeemed and Pillarstone OP elects to pay the applicable redemption price in Pillarstone REIT common shares (and such shares represent 5% or more of the outstanding common shares of Pillarstone REIT), the Rights could become exercisable. To the extent the Rights are exercised as a result of our Pillarstone OP units being redeemed for Pillarstone REIT common shares, our ownership interest in Pillarstone REIT would be significantly diluted, which could adversely impact the value of our investment in Pillarstone OP. Because the Pillarstone Rights Agreement seeks to prevent Whitestone OP from exercising its contractual Redemption Right, on July 12, 2022, Whitestone OP filed suit against Pillarstone REIT in the Court of Chancery of the State of Delaware challenging the Pillarstone Rights Agreement due to Pillarstone REIT’s breach of the Pillarstone OP partnership agreement, breach of its fiduciary duty as general partner of Pillarstone OP to Whitestone OP, and breach of the implied covenant of good faith and fair dealing under the Pillarstone OP partnership agreement. The lawsuit seeks rescission and voiding of the Pillarstone Rights Agreement; a declaration that the Pillarstone Rights Agreement is unenforceable, invalid, and of no force and effect; an order permanently enjoining enforcement of the Pillarstone Rights Agreement; an award of monetary damages; and broad restrictions on Pillarstone REIT’s ability to conduct its business, including buying properties, enforcing the Rights Agreement, incurring expenses, or engaging in transactions. On September 8, 2022, the Company’s Motion to Preserve the Status Quo was granted by the Court, limiting Pillarstone from engaging in any acts outside the ordinary course of business and otherwise imposing restrictions on Pillarstone to ensure that Whitestone’s right of redemption right is not impaired while the underlying dispute is being considered by the Court. Trial was held on July 17-18, 2023, and the post-trial briefing was held on October 18, 2023. Whitestone OP asked the Court to declare the Pillarstone Rights Agreement unenforceable and to permit Whitestone OP to tender a Notice of Redemption. In addition (or alternatively), Whitestone OP sought an award of monetary damages of at least $51,200,600 based on the amount that Pillarstone's misconduct precluded Whitestone OP from receiving in or around December 2021, as well as an award of pre- and post-judgment interest at the statutory rate. On January 25, 2024, the Delaware Court of Chancery held that Pillarstone breached the implied covenant of good faith and fair dealing when it adopted shareholder rights plan (the “Rights Plan”) that effectively thwarted Whitestone OP from exercising the unfettered contractual redemption right it obtained in connection with its investment in the partnership and the Court held that the Rights Plan was unenforceable as to the limited partner and allowed Whitestone OP to exercise its redemption right. On January 25, 2024, the Company exercised its notice of redemption for substantially all of its investment in the partnership. While we do not believe the overall impact of the Pillarstone Rights Agreement on the carrying value of our investment in Pillarstone OP is material, we cannot reasonably estimate a range of possible loss at this time.
[2]	Representing eight property interests and 0.9 million square feet of GLA, as of December 31, 2023 and 2022.
[3]	The Company managed these real estate partnership investments and, where applicable, earned acquisition fees, leasing commissions, property management fees, and asset management fees. The management agreement was terminated on August 18, 2022.
[4]	We rely on reporting provided to us by our third-party partners for financial information regarding the Company's investment in Pillarstone OP. Because Pillarstone OP financial statements as of December 31, 2023 and 2022 have not been made available to us, we have estimated the value of the investment based on the information available to us at the time of this report.
[5]	Operating lease right of use assets (net) $ 109 $ 124
[6]	Operating lease liabilities $ 112 $ 129

About Whitestone REIT

Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy.

CEO	Mr. David K. Holeman CPA
WEBSITE	whitestonereit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	77

Whitestone REIT Frequently Asked Questions

What is the ticker symbol for Whitestone REIT? What does WSR stand for in stocks?

WSR is the stock ticker symbol of Whitestone REIT. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Whitestone REIT (WSR)?

As of Fri Apr 26 2024, market cap of Whitestone REIT is 568.53 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WSR stock?

You can check WSR's fair value in chart for subscribers.

What is the fair value of WSR stock?

You can check WSR's fair value in chart for subscribers. The fair value of Whitestone REIT is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Whitestone REIT is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WSR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Whitestone REIT a good stock to buy?

The fair value guage provides a quick view whether WSR is over valued or under valued. Whether Whitestone REIT is cheap or expensive depends on the assumptions which impact Whitestone REIT's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WSR.

What is Whitestone REIT's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, WSR's PE ratio (Price to Earnings) is 29.64 and Price to Sales (PS) ratio is 3.87. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WSR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Whitestone REIT's stock?

In the past 10 years, Whitestone REIT has provided 0.045 (multiply by 100 for percentage) rate of return.