Whitestone Reit

Real Estate
Real Estate Investment Trusts
www.whitestonereit.com

Earnings Score

Market Cap $716.96M
PE 34
Debt $634.57M
Cash $2.53M
EV $1.35B
FCF $NaN

Earnings

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Sales & Net Margins

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Earnings	$21.10M
ROE	5%
Equity	$425.00M
Growth Stability	34%
PE	33.98
PEG	2.24
PB	1.69
P/S	4.75
Price/Cash	0
Debt/Equity	1.49
Net Margins	17%
Earnings CAGR	15%
Sales Growth YoY	4%
Sales Growth QoQ	3%
Sales CAGR	3%
Equity CAGR	7%
Earnings Stability	0.42
Earnings Growth YoY	207%
Earnings Growth QoQ	194%
Earnings CAGR 5Y	15%

Sales CAGR 5Y	6%
Equity CAGR 5Y	6%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
Equity CAGR 3Y	2%
Market Cap	$716.96M
Revenue	$150.97M
Dividend Yield	3%
Payout Ratio	115%
Assets	$1.11B
Total Debt	$634.57M
Cash	$2.53M
Shares Outstanding	50.07M
EV	1.35B
Earnings Score	46%
Shares Growth 3y	2%
Equity Growth QoQ	0%
Equity Growth YoY	-2%

Assets & ROA

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Stockholders Equity & ROE

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Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in major metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are primarily located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue primarily in the form of rental revenues.

SEC Filings

Direct access to Whitestone Reit (WSR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Whitestone Reit compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Whitestone Reit compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 15%

Stability 42%

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Whitestone Reit Discounted Cash Flow

Fully customizable DCF calculator online for Whitestone Reit.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-	8%	7%	18%	20%	5%	10%	25%	13%	17%
ROA	-	-	-	-	-	-	-	3%	6%	5%	-
ROE	-	3%	3%	2%	6%	7%	2%	3%	8%	5%	5%

Good Net Margins (17.24%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	13.77	14.12	13.49	-
Debt over Equity	1.85	2.02	2.04	1.84	1.72	1.83	1.91	1.61	1.47	1.53	1.49
Growth Stability	-	-	-	100%	100%	100%	34%	71%	100%	100%	34%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.49)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (34%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	21%	-5%	-1%	-1%	6%	11%	5%	6%
Earnings YoY growth	-	-11%	18%	5%	157%	11%	-75%	100%	193%	-46%	15%
Equity YoY growth	-	16%	8%	34%	0%	-2%	-4%	18%	6%	-1%	6%
FCF YoY growth	-	-	-	-	-	-	-	9%	-5%	7%	-