0.00%
-5.43%
-2.76%
-2.90%
3.72%
31.24%
2.29%
AI Spotlight on WSR
Company Description
Whitestone 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.
Market Data
| Last Price | 13.4 |
| Change Percentage | 0.00% |
| Open | 13.33 |
| Previous Close | 13.4 |
| Market Cap ( Millions) | 679 |
| Volume | 148197 |
| Year High | 15.36 |
| Year Low | 10.77 |
| M A 50 | 14.14 |
| M A 200 | 13.43 |
Financial Ratios
| FCF Yield | 7.70% |
| Dividend Yield | 3.70% |
| ROE | 5.04% |
| Debt / Equity | 151.21% |
| Net Debt / EBIDTA | 684.47% |
| Price To Book | 1.6 |
| Price Earnings Ratio | 31.73 |
| Price To FCF | 12.98 |
| Price To sales | 4.46 |
| EV / EBITDA | 14.2 |
News
- Jan -30 - Whitestone REIT: Sunbelt Powerhouse Poised For Potential Market-Beating Returns
- Jan -29 - Whitestone REIT Announces Tax Characteristics of 2024 Distributions
- Jan -18 - Hidden Gems: 2 Must-Buy REITs Right Now
- Jan -17 - Whitestone REIT Announces Fourth Quarter 2024 Earnings Webcast and Conference Call
- Jan -06 - Top 3 REITs For 2025
- Dec -21 - REITs, Interest Rates And Why Retail Isn't Dead
- Dec -17 - Whitestone REIT CEO Letter to Shareholders: 2024 Wrap-Up
- Dec -10 - Whitestone REIT Signs Lease with EoS Fitness to Reenergize Windsor Park Center in San Antonio
- Dec -05 - Whitestone Rewards Investors With 9% Dividend Hike: Is it Sustainable?
- Dec -04 - Whitestone REIT Grows Dividend 9%
- Nov -18 - MCB Withdraws Proposal to Acquire Whitestone Due to Whitestone Board's Entrenchment and Refusal to Engage
- Nov -15 - How Whitestone REIT is Transforming Sunbelt Retail Growth
- Nov -15 - Whitestone REIT: Weighing Potential Amid Risks
- Oct -31 - MCB Calls on Whitestone to Maximize Shareholder Value
- Oct -31 - Whitestone (WSR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Oct -30 - Whitestone (WSR) Lags Q3 FFO Estimates
- Oct -30 - Whitestone REIT Responds to MCB Indication of Interest
- Oct -30 - Whitestone REIT Reports Third Quarter 2024 Results
- Oct -11 - Whitestone Buyout Offer Undervalues Its Assets
- Oct -10 - 2 REITs To Buy After The Rally
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Same Store - Rental
Expected Growth : 4.65 %
What the company do ?
Same Store - Rental from Whitestone REIT refers to the rental income generated from a consistent pool of properties owned and operated by Whitestone REIT over a specific period of time.
Why we expect these perspectives ?
Whitestone REIT's 4.65% same-store rental growth is driven by a combination of factors, including strong demand for retail space in its target markets, successful lease renewal and repositioning efforts, and a focus on high-quality, internet-resistant tenants. Additionally, the REIT's strategic acquisitions and dispositions have contributed to the growth, along with a favorable operating environment and effective cost management.
Segment nΒ°2 -> Same Store - Recoveries
Expected Growth : 4.0 %
What the company do ?
Same Store - Recoveries from Whitestone REIT refers to the recovery of rental income from previously vacant or under-rented properties, contributing to increased revenue and profitability.
Why we expect these perspectives ?
Whitestone REIT's 4.0% same-store recoveries growth is driven by strong demand for retail space, increased occupancy rates, and rent growth. Additionally, the REIT's focus on necessity-based tenants, such as grocery stores and restaurants, has provided a stable source of income. Effective cost management and strategic capital allocation have also contributed to the growth.
Segment nΒ°3 -> Non-same Store and Management Fees - Rental
Expected Growth : 4.65 %
What the company do ?
Non-same Store and Management Fees - Rental from Whitestone REIT refers to the revenue generated from rental properties not included in same-store properties, along with fees earned from managing properties for third-party owners.
Why we expect these perspectives ?
Whitestone REIT's 4.65% growth in Non-same Store and Management Fees - Rental is driven by strategic acquisitions, increasing occupancy rates, and rent growth. Additionally, the REIT's focus on community-centered retail properties and strong relationships with tenants have contributed to the growth. Effective cost management and a solid balance sheet have also enabled the company to capitalize on opportunities and drive revenue growth.
Segment nΒ°4 -> Non-same Store and Management Fees - Recoveries
Expected Growth : 4.65 %
What the company do ?
Non-same Store and Management Fees - Recoveries from Whitestone REIT refers to the fees recovered from Whitestone REIT, a real estate investment trust, for managing and operating properties, excluding same-store properties.
Why we expect these perspectives ?
The 4.65% growth in Non-same Store and Management Fees - Recoveries from Whitestone REIT is driven by increasing property values, strategic acquisitions, and effective cost management. Additionally, Whitestone REIT's focus on high-growth markets and diversified tenant base contribute to the growth. The recovery of management fees also indicates improved operational efficiency.
Segment nΒ°5 -> Same Store - Other
Expected Growth : 4.65 %
What the company do ?
Same Store - Other from Whitestone REIT refers to the revenue generated from existing properties, excluding new acquisitions, expansions, and dispositions.
Why we expect these perspectives ?
Whitestone REIT's Same Store - Other segment growth of 4.65% is driven by a combination of factors, including increasing rental rates, high occupancy levels, and strategic lease renewals. Additionally, the company's focus on value-add opportunities, such as property renovations and redevelopments, has contributed to the segment's growth.
Segment nΒ°6 -> Same Store - Bad Debt
Expected Growth : 3.78 %
What the company do ?
Same Store - Bad Debt from Whitestone REIT refers to the uncollectible rent from existing tenants in properties owned for at least a year, affecting net operating income.
Why we expect these perspectives ?
Whitestone REIT's 3.78% growth in Same Store - Bad Debt is driven by effective credit risk management, stringent tenant screening, and a diversified portfolio with a strong mix of essential retail and service-oriented businesses, resulting in lower delinquency rates and improved collections.
Segment nΒ°7 -> Non-same Store and Management Fees - Bad Debt
Expected Growth : 4.5 %
What the company do ?
Non-same Store and Management Fees - Bad Debt refers to the revenue loss due to uncollectible rent and fees from tenants in Whitestone REIT's properties.
Why we expect these perspectives ?
Whitestone REIT's 4.5% growth in Non-same Store and Management Fees is driven by strategic acquisitions, increasing occupancy rates, and rent growth. Effective asset management and cost controls have minimized Bad Debt, while the REIT's diversified tenant base and strong credit profile have contributed to its resilience.
Segment nΒ°8 -> Non-same Store and Management Fees - Other
Expected Growth : 4.83 %
What the company do ?
Non-same Store and Management Fees - Other from Whitestone REIT refers to fees earned from managing properties not owned by Whitestone, enhancing revenue diversification.
Why we expect these perspectives ?
Whitestone REIT's 4.83% growth in Non-same Store and Management Fees - Other is driven by strategic acquisitions, expanding third-party management services, and increasing fees from existing clients. Additionally, the REIT's focus on e-commerce resistant properties and strong relationships with national retailers contribute to this growth.
Whitestone Reit Products
| Product Range | What is it ? |
|---|---|
| Retail Properties | Whitestone REIT owns and operates a diversified portfolio of retail properties, including grocery-anchored shopping centers, power centers, and lifestyle centers. |
| Office Properties | Whitestone REIT owns and operates a portfolio of office properties, including multi-tenant office buildings and single-tenant properties. |
| Mixed-Use Properties | Whitestone REIT develops and operates mixed-use properties, combining retail, office, and residential spaces in a single project. |
| Property Management Services | Whitestone REIT provides property management services, including leasing, marketing, and maintenance, to third-party property owners. |
| Acquisition and Development Services | Whitestone REIT provides acquisition and development services, including site selection, entitlement, and construction management. |
Whitestone REIT's Porter Forces
Threat Of Substitutes
Whitestone REIT's properties are primarily located in Texas, which limits the availability of substitutes. However, the company's focus on e-commerce and last-mile delivery could lead to increased competition from other logistics providers.
Bargaining Power Of Customers
Whitestone REIT's customers are primarily small to medium-sized businesses, which have limited bargaining power. The company's focus on providing high-quality logistics services and building strong relationships with its customers also reduces the bargaining power of customers.
Bargaining Power Of Suppliers
Whitestone REIT has a diversified supplier base, which reduces the bargaining power of individual suppliers. The company's focus on building strong relationships with its suppliers also helps to mitigate the bargaining power of suppliers.
Threat Of New Entrants
The barriers to entry in the logistics industry are relatively high, which reduces the threat of new entrants. Additionally, Whitestone REIT's focus on providing high-quality logistics services and building strong relationships with its customers makes it difficult for new entrants to gain traction.
Intensity Of Rivalry
The logistics industry is highly competitive, with several established players competing for market share. However, Whitestone REIT's focus on providing high-quality logistics services and building strong relationships with its customers helps to differentiate the company from its competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 60.74% |
| Debt Cost | 6.42% |
| Equity Weight | 39.26% |
| Equity Cost | 9.86% |
| WACC | 7.77% |
| Leverage | 154.74% |
Whitestone REIT : Quality Control
Whitestone REIT passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| GTY | Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. β¦ |
| ROIC | Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely β¦ |
| BFS | Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community β¦ |
| AKR | Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Β Core Portfolio and Fund Β operating platforms and its disciplined, β¦ |
| NTST | NETSTREIT is an internally managed Real Estate Investment Trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide. The growing portfolio consists of high-quality β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
Getty Realty
A-Score
1-Year Total Return ->
π₯
Saul Centers
A-Score
1-Year Total Return ->
π₯
NETSTREIT
A-Score
1-Year Total Return ->
4
Whitestone REIT
A-Score
1-Year Total Return ->
5
Retail Opportunity Investments
A-Score
1-Year Total Return ->
6
