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Whitestone REIT

WSRReal EstateNASDAQ

REIT - Retail · Last scanned May 29, 2026

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Financials · Annual
Revenue
$161.7M
+4.0% YoY
Net Income
$49.9M
+35.3% YoY
EBITDA
$120.7M
+13.0% YoY
Free Cash Flow
$105.9M

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About Whitestone REIT

Headquartered within the real estate sector, Whitestone REIT focuses on REIT - Retail services and products. Whitestone REIT 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. The $989.1M market capitalization puts WSR squarely in small-cap range for its industry. 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.

Key stats
Market Cap$989.1M
P/E (TTM)19.80
Fwd P/E42.43
EPS$0.96
Beta0.80
52W Change+54.3%
Dividend Yield3.00%
ROE11.3%
Analysis

Whitestone REIT carries $656.3M in total debt against $8.9M in cash reserves — debt is roughly 73.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $105.9M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of 11.3% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $140.6M to $161.7M.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Whitestone REIT's trajectory.

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