Is Whitestone REIT (WSR) overvalued or fairly valued?

MarketChacha shows Whitestone REIT's valuation in context — a trailing P/E of about 19.8, a forward P/E of about 42.2, a price-to-book of about 2.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Whitestone REIT's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.48×) from reported figures — education, not a rating.

What is Whitestone REIT's revenue?

Whitestone REIT reported revenue of $160.9M for FY2025, with net profit of $49.9M, per official filings.

What is the share price of Whitestone REIT (WSR)?

Whitestone REIT last traded at $18.99, as of 7/13/2026 — a delayed quote shown for education, not investment advice.

Whitestone REIT

WSR · NYSE · Real Estate · United States

Snapshot

TickerWSR

ExchangeNYSE

SectorReal Estate

IndustryREIT - Retail

CountryUnited States

Employees70

HeadquartersHouston, United States

Websitewww.whitestonereit.com

Filings tracked16

About Whitestone REIT

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 country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio. The firm's centers are convenience focused on 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. Whitestone REIT was incorporated in 1998 in Maryland, USA. As of July 14, 2026, Whitestone REIT operates as a subsidiary of Ares Real Estate Management Holdings, LLC.

Who owns it

Insiders3.9%
Institutions67.9%
Public & other28.2%

314 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.15.63%
Vanguard Portfolio Management LLC5.85%
Vanguard Capital Management LLC4.09%
State Street Corporation3.60%
Irenic Capital Management LP2.46%
Geode Capital Management, LLC2.33%
GW&K Investment Management, LLC2.02%
Nexpoint Asset Management, L.P.1.70%

Largest institutional holders — last updated 3/31/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.48×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend13.1% → 31.0%

Margin has expanded by about 18.0 points — the business is getting more profitable.

Growth qualityrev 5% · PAT 61%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $43.0M · EPS 0.10

Est. earnings growth -3.1%

Next fiscal year

Rev $179.0M · EPS 0.45

Est. earnings growth +14.9%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$160.9M

Net margin

31.0%

ROE

10.9%

Revenue CAGR (2y)

+4.6%

Profit CAGR (2y)

+61.3%

EPS (FY2025)

0.95

Net profit (FY2025)

$49.9M

Ask MarketChacha about WSR

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$160.9M	$49.9M	0.95	31.0%	10.9%
FY2024	$154.3M	$36.9M	0.72	23.9%	8.4%
FY2023	$147.0M	$19.2M	0.38	13.1%	4.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$41.4M	$4.1M	0.08	10.0%
2025Q4	$43.9M	$22.8M	0.43	52.0%
2025Q3	$41.0M	$18.3M	0.35	44.7%
2025Q2	$37.9M	$5.1M	0.10	13.3%
2025Q1	$38.0M	$3.7M	0.07	9.7%
2024Q4	$40.8M	$17.3M	0.33	42.5%
2024Q3	$38.6M	$7.6M	0.15	19.7%
2024Q2	$37.6M	$2.6M	0.05	6.9%
2024Q1	$37.2M	$9.3M	0.18	25.1%
2023Q4	$37.5M	$1.5M	0.03	4.1%
2023Q3	$37.1M	$2.5M	0.05	6.7%
2023Q2	$36.5M	$11.3M	0.22	31.0%
2023Q1	$35.9M	$3.8M	0.08	10.7%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Termination of agreement, Completion of acquisition/disposition, Delisting notice, Security holder rights, Change in control, Executive/director change, Bylaw/charter change, Other events, Exhibits
SEC7/14/2026material
8-K — Shareholder vote results, Reg FD disclosure, Exhibits
SEC7/9/2026material
8-K — Other events
SEC7/1/2026material
10-Q — FORM 10-Q
SEC5/6/2026
10-K/A filing
SEC4/30/2026
8-K — Material agreement, Bylaw/charter change, Reg FD disclosure, Other events, Exhibits
SEC4/9/2026material
10-K — FORM 10-K
SEC3/6/2026
8-K — Results of operations, Exhibits
SEC2/25/2026material

2025

8-K — Reg FD disclosure, Other events, Exhibits
SEC12/19/2025material
8-K — Reg FD disclosure, Exhibits
SEC12/15/2025material
10-Q — FORM 10-Q
SEC10/31/2025
8-K — Results of operations, Exhibits
SEC10/29/2025material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC9/23/2025material
8-K — Other events, Exhibits
SEC9/16/2025material
10-Q — FORM 10-Q
SEC8/1/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.