Whitestone REIT (WSR)
Real Estate · REIT - Retail · NYSE
Whitestone REIT revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.44M | $125.96M | $119.86M | $119.25M | $117.92M | $125.36M | $139.42M | $146.97M | $154.28M | $160.86M |
| Gross profit | $70.34M | $32.66M | $33.47M | $33.95M | $29.73M | $34.47M | — | — | — | — |
| Net income | $7.93M | $8.33M | $21.43M | $23.68M | $6.03M | $12.05M | $35.27M | $19.18M | $36.89M | $49.93M |
| Net margin | 7.6% | 6.6% | 17.9% | 19.9% | 5.1% | 9.6% | 25.3% | 13.1% | 23.9% | 31.0% |
Source: Whitestone REIT SEC filings (10-K). 17 years of history available in the interactive view.
What growth is priced into WSR stock?
At today's market cap of $991.65M, Whitestone REIT is priced for free-cash-flow growth of about 7.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $50.47M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.4%/yr over the last five fiscal years and revenue 6.4%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Whitestone REIT financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Whitestone REIT financial history by metric
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. Our centers are convenience focused: 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.
Whitestone REIT — frequently asked questions
What is Whitestone REIT's revenue?
Whitestone REIT (WSR) reported revenue of $160.86M for fiscal year 2025, up 4.3% from the prior year, according to its SEC filings.
Is Whitestone REIT profitable?
Yes. WSR earned net income of $49.93M in fiscal 2025, a net margin of 31.0%.
What is WSR's P/E ratio?
Whitestone REIT trades at a price-to-earnings ratio of about 19.9 based on the latest data in our nightly-refreshed cache.
How fast is Whitestone REIT growing?
WSR's revenue grew at roughly 6.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Whitestone REIT have?
As of fiscal year 2025, WSR carried roughly $649.40M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Whitestone REIT's market cap?
Whitestone REIT (WSR) has a market capitalization of about $991.65M, based on the latest data in our nightly-refreshed cache.
When does Whitestone REIT's fiscal year end?
WSR's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into WSR stock?
At today's market cap of $991.65M, Whitestone REIT is priced for free-cash-flow growth of about 7.5% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $50.47M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 3.4%/yr over the last five fiscal years and revenue 6.4%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Whitestone REIT's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.