Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality ?E-commerce resistant? neighborhood, community and lifestyle retail centers principally located in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone's mix of national, regional and local tenants provides daily necessities, needed services and entertainment not typically readily available online to their respective communities. Whitestone's properties are primarily located in business-friendly Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio, which are among the fastest growing U.S. population centers with highly educated workforces, high household incomes and strong job growth. As of February 28, 2018, Whitestone's total shareholder return ranks #1 of 17, #2 of 17, and #4 of 15, of the U.S. public shopping center REITs for the one-year, three-year, and five-year periods, respectively . Visit www.whitestonereit.com for additional information.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
SymbolNYSE:WSR
CUSIP96608420
Phone713-827-9595
Debt
Debt-to-Equity Ratio1.89
Current Ratio1.13
Quick Ratio1.13
Price-To-Earnings
Trailing P/E Ratio9.99
Forward P/E Ratio12.37
P/E GrowthN/A
Sales & Book Value
Annual Sales$125.96 million
Price / Sales3.95
Cash Flow$0.9842 per share
Price / Cash12.69
Book Value$9.31 per share
Price / Book1.34
Profitability
EPS (Most Recent Fiscal Year)$1.25
Net Income$8.33 million
Net Margins7.56%
Return on Equity2.78%
Return on Assets0.93%
Miscellaneous
Employees103
Outstanding Shares39,790,000
Whitestone REIT (NYSE:WSR) Frequently Asked Questions
What is Whitestone REIT's stock symbol?
Whitestone REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "WSR."
How often does Whitestone REIT pay dividends? What is the dividend yield for Whitestone REIT?
Whitestone REIT declared a monthly dividend on Wednesday, June 13th. Investors of record on Tuesday, July 3rd will be given a dividend of $0.095 per share on Thursday, July 12th. This represents a $1.14 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date is Monday, July 2nd. View Whitestone REIT's Dividend History.
How were Whitestone REIT's earnings last quarter?
Whitestone REIT (NYSE:WSR) released its earnings results on Thursday, March, 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.27 by $0.22. The real estate investment trust earned $33.83 million during the quarter, compared to analyst estimates of $33.59 million. Whitestone REIT had a return on equity of 2.78% and a net margin of 7.56%. View Whitestone REIT's Earnings History.
When is Whitestone REIT's next earnings date?
What price target have analysts set for WSR?
6 brokerages have issued 12-month target prices for Whitestone REIT's stock. Their forecasts range from $10.00 to $16.00. On average, they anticipate Whitestone REIT's share price to reach $13.20 in the next twelve months. View Analyst Ratings for Whitestone REIT.
What are Wall Street analysts saying about Whitestone REIT stock?
Here are some recent quotes from research analysts about Whitestone REIT stock:
- 1. Maxim Group analysts commented, "WSR reported 1Q18 core FFO of $0.31 versus its dividend of $0.285. Management maintained its 2018 core FFO guidance of $1.19-$1.24; we are maintaining our estimate of $1.24, at the high-end of the range. In our view, WSR has a sound business model, excellent management team, and sufficient earnings power to cover the dividend (which is now yielding over 10%), and we expect 2019 to be an even stronger year once WSR’s Pillarstone position is disposed of and other development projects come fully on line. We reiterate our Buy rating and $16 price target; our price target equates to 12.9x our 2018 core FFO estimate, a 15% discount to peers." (5/8/2018)
- 2. According to Zacks Investment Research, "Whitestone REIT is a fully integrated real estate investment trust that acquires, owns, manages, develops and redevelops high quality internet-resistant neighborhood, community and lifestyle retail centers. Whitestone's properties are principally located in Austin, Dallas-Fort Worth, Houston, San Antonio and Phoenix, which are among the fastest-growing markets in the country with highly educated workforces, high household incomes and strong job growth. The Company's strategy is to target shifting consumer behavior and purchasing patterns by creating a complementary mix of grocery, dining, health and wellness, education, services, entertainment and specialty retail in its properties. Whitestone's national, regional and local tenants provide daily necessities, needed services and convenience to the community which are not readily available online. Whitestone is headquartered in Houston, Texas. " (5/5/2018)
Who are some of Whitestone REIT's key competitors?
Some companies that are related to Whitestone REIT include Select Income REIT (SIR), Chesapeake Lodging Trust (CHSP), Mack Cali Realty (CLI), Invesco Mortgage Capital (IVR), American Assets Trust (AAT), Ladder Capital (LADR), LTC Properties (LTC), Agree Realty (ADC), Alexander & Baldwin (ALEX), Washington Prime Group (WPG), Safestore (SFSHF), Summit Hotel Properties (INN), National Storage (NSA), Industrial Logistics Properties Trust (ILPT) and Kite Realty Group Trust (KRG).
Who are Whitestone REIT's key executives?
Whitestone REIT's management team includes the folowing people:
- Mr. James C. Mastandrea IV, Chairman & CEO (Age 75)
- Mr. David K. Holeman CPA, CFO & Principal Accounting Officer (Age 55)
- Mr. John J. Dee, COO, Exec. VP & Sec. (Age 66)
- Ms. Christine C. J. Mastandrea, Exec. VP of Corp. Strategy (Age 52)
- Dr. Bradford D. Johnson, VP of Acquisition & Asset Management (Age 59)
Has Whitestone REIT been receiving favorable news coverage?
Media coverage about WSR stock has trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Whitestone REIT earned a news sentiment score of 0.05 on Accern's scale. They also gave media headlines about the real estate investment trust an impact score of 46.66 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
How do I buy shares of Whitestone REIT?
Shares of WSR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Whitestone REIT's stock price today?
One share of WSR stock can currently be purchased for approximately $12.49.
How big of a company is Whitestone REIT?
Whitestone REIT has a market capitalization of $490.27 million and generates $125.96 million in revenue each year. The real estate investment trust earns $8.33 million in net income (profit) each year or $1.25 on an earnings per share basis. Whitestone REIT employs 103 workers across the globe.
How can I contact Whitestone REIT?
Whitestone REIT's mailing address is 2600 SOUTH GESSNER SUITE 500, HOUSTON TX, 77063. The real estate investment trust can be reached via phone at 713-827-9595 or via email at [email protected]
MarketBeat Community Rating for Whitestone REIT (WSR)
MarketBeat's community ratings are surveys of what our community members think about Whitestone REIT and other stocks. Vote "Outperform" if you believe WSR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WSR will underperform the S&P 500 over the long term. You may vote once every thirty days.
