Zacks Investment Research·21h ago
Why Whitestone (WSR) is a Great Dividend Stock Right NowDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Whitestone (WSR) have what it takes?
Whitestone REIT(WSR)Earnings, Financials & Key Ratios
WSR•NYSE•REIT / Real Estate
$18.97
20.0× P/E·Price updated Jul 7, 2026
AboutWhitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.Show more
- Revenue$161M+3.4%
- FFO$86M+19.5%
- FFO/Share1.66+18.3%
- FFO Payout0%-100.0%
- FFO per Share1.66+18.3%
- NOI Margin68.83%-2.3%
- FFO Margin53.37%+15.5%
- ROE11%+28.7%
- ROA4.33%+31.9%
WSR Price & Volume
Whitestone REIT (WSR) stock price & volume — 10-year historical chart
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Volatile NOI Margins Obscure Retail Asset Performance
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:High regional market concentration
Key Thesis Takeaways
- Whitestone REIT exhibits a complex financial profile characterized by inconsistent NOI margins and significant FFO volatility, which complicates long-term valuation.
- While the company achieved 9.3% revenue growth in 2026Q1, the sharp contraction in NOI margins to 22.5% suggests underlying operational challenges in its Sunbelt retail portfolio.
- Investors should remain cautious given the persistent debt-to-equity ratio of 1.39 and the potential for aggressive capitalization practices to mask true maintenance requirements.
Verdict Logic
the recent collapse of NOI margins to 22.5% in 2026Q1, combined with thin cash reserves as low as $2.5 million, suggests elevated operational risk that outweighs current growth signals.
WSR Growth Metrics
Whitestone REIT (WSR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.59%
5 Years5.42%
3 Years4.59%
TTM5.81%
Profit CAGR
10 Years22.15%
5 Years52.6%
3 Years12.28%
TTM61.15%
EPS CAGR
10 Years14.75%
5 Years46.66%
3 Years10.19%
TTM58.88%
Return on Capital
10 Years4.39%
5 Years4.67%
3 Years4.8%
Last Year4.79%
WSR Recent Earnings
Whitestone REIT (WSR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.27+200.0%
$0.09
Rev
$42M+0.7%
$42M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.28+136.7%
$0.12
Rev
$43M+5.5%
$41M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.26+0.0%
$0.26
Rev
$41M-0.5%
$41M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.26+4.0%
$0.25
Rev
$38M-3.7%
$39M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.27vs $0.09+200.0% | $42Mvs $42M+0.7% |
| Q1 2026 | Feb 25, 2026 | $0.28vs $0.12+136.7% | $43Mvs $41M+5.5% |
| Q4 2025 | Oct 29, 2025 | $0.26vs $0.26+0.0% | $41Mvs $41M-0.5% |
| Q3 2025 | Jul 30, 2025 | $0.26vs $0.25+4.0% | $38Mvs $39M-3.7% |
Based on last 12 quarters of dataView full earnings history →
Latest WSR News
Recent stock market news and headlines for Whitestone REIT (WSR)
PRNewsWire·5 days ago
Midera Food Processing and Centrus Energy Set to Join S&P SmallCap 600NEW YORK, July 2, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600: Midera Food Processing Inc. (NASD: MFP) will replace Redwood Trust Inc. (NYSE: RWT) effective prior to the opening of trading on Wednesday, July 8. S&P MidCap 400 constituent The Middleby Corp. (NASD: MIDD) is spinning off Midera Food Processing in a transaction that is expected to close July 7.
TheNewswire·Jun 24, 2026
Western Star Resources Provides Corporate Update and Announces Official Stocktwits AccountCompany highlights recent progress across its U.S.-focused tungsten platform and introduces Stocktwits as a supplemental channel for public company updates 24th June, 2026 – TheNewswire - Vancouver, British Columbia – Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) (the "Company" or "Western Star") is pleased to provide shareholders with a corporate update following a period of significant activity across the Company's critical minerals platform.
TheNewswire·Jun 22, 2026
Western Star Resources Mobilises to the Past Producing White Star Tungsten Project and Commences Drone GeophysicsVancouver, British Columbia – TheNewswire - June 22, 2026 - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the “Company” or “Western Star”) is pleased to announce that field crews have mobilised to the Company's 100% owned White Star Tungsten Project in Elko County, Nevada, USA, to commence the planned 2026 exploration program. The White Star Project is located in the Charleston Mining District, adjacent to the Company's Rowland Tungsten Property, and was recently acquired by Western Star.
TheNewswire·Jun 22, 2026
Western Star Resources Mobilises to the Past Producing White Star Tungsten Project and Commences Drone GeophysicsVancouver, British Columbia – TheNewswire - June 22, 2026 - Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (the “Company” or “Western Star”) is pleased to announce that field crews have mobilised to the Company's 100% owned White Star Tungsten Project in Elko County, Nevada, USA, to commence the planned 2026 exploration program. The White Star Project is located in the Charleston Mining District, adjacent to the Company's Rowland Tungsten Property, and was recently acquired by Western Star.
Peers Comparison
Key metrics vs top competitors for Whitestone REIT (WSR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $18.97 | $974.94M | 19.97 | 3.44% | 31.04% | 11% | — | |
| $0.56 | $200.9K | -0.02 | -4.9% | 5.9% | 6.34% | — | |
| $28.94 | $734.45M | -22.97 | -3.24% | -12.67% | -10.13% | — | |
| $42.29 | $5.33B | 47.52 | 10.72% | 15.61% | 4.46% | — | |
| $21.55 | $728.04M | 269.71 | 20.1% | 7.92% | 2.16% | — | |
| $21.96 | $2.18B | 267.80 | 20.91% | 5.66% | 0.78% | — |
Compare WSR vs Peers
Whitestone REIT (WSR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WSR SEC Filings & Documents
Whitestone REIT (WSR) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 9, 2026·SEC
Material company update
Feb 25, 2026·SEC
Material company update
Dec 19, 2025·SEC
10-K Annual Reports
410-Q Quarterly Reports
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WSR Frequently Asked Questions
Whitestone REIT (WSR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Whitestone REIT's revenue?
Whitestone REIT (WSR) reported $165.1M in revenue for fiscal year 2025. This represents a 696% increase from $20.8M in 2002.
How fast is Whitestone REIT growing?
Whitestone REIT (WSR) grew revenue by 3.4% over the past year. Growth has been modest.
Is WSR profitable?
Yes, Whitestone REIT (WSR) is profitable, generating $50.4M in net income for fiscal year 2025 (31.0% net margin).
Dividend & Returns
What is WSR's return on equity?
Whitestone REIT (WSR) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.
Industry Metrics
What is Whitestone REIT's FFO?
Whitestone REIT (WSR) generated Funds From Operations (FFO) of $87.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.