What is Whitestone REIT's earnings per share (EPS)?

Whitestone REIT (WSR) reported diluted earnings per share of $0.95 for fiscal year 2025. This represents a 31.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Whitestone REIT (WSR) Financials

WSR

FY2025 annual

Revenue $160.9M +4.3% YoY

Net Income $49.9M +35.3% YoY

EPS (Diluted) $0.95 +31.9% YoY

Free Cash Flow $50.5M -13.0% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WSR SEC filings page.

Whitestone REIT (WSR) reported $160.9M in revenue for fiscal year 2025, up 4.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WSR FY2025 2026-10-03

Whitestone’s earnings rebound is increasingly cash-backed, while a debt-heavy balance sheet improves mainly because equity is growing.

From FY2023 to FY2025, net income rose from $19.2M to $49.9M while operating cash flow moved only from $47.6M to $50.8M, so the earnings rebound was not matched one-for-one by cash generation. FY2025’s near-alignment between profit and operating cash contrasts with FY2024, when operating cash flow exceeded net income by $21.3M, making the latest earnings improvement appear more cash-supported.

Debt-to-equity declined from 1.6x in FY2021 to 1.4x in FY2025 as equity expanded, indicating gradual balance-sheet strengthening. Long-term debt remained near $650M, so the improvement came mainly from a larger equity base rather than substantial debt repayment.

Revenue rose from $147.0M in FY2023 to $160.9M in FY2025, showing continued top-line expansion but not necessarily better cash conversion. Accounts receivable rose from $30.6M to $37.4M, meaning more reported sales remained tied up at period-end.

Financial Health Signals

Financial Health Score 56/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Whitestone REIT's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Whitestone REIT scores 76/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Whitestone REIT scores 81/100 on it among other REITs.

Leverage

Not available for Whitestone REIT, and counted as zero in the overall score.

Interest Cov.

Not available for Whitestone REIT, and counted as zero in the overall score.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Whitestone REIT scores 90/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Whitestone REIT scores 89/100 on it among other REITs.

Piotroski F-Score Partial

6/7

Whitestone REIT passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.02x

For every $1 of reported earnings, Whitestone REIT generates $1.02 in operating cash flow ($50.8M OCF vs $49.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$41.4M

YoY+8.9%

QoQ-5.8%

5Y CAGR+7.3%

Whitestone REIT generated $41.4M in revenue in Q1 2026. This represents an increase of 8.9% from the same quarter a year earlier. Against the prior quarter it is down 5.8%.

Net Income

$4.1M

YoY+11.9%

QoQ-81.9%

5Y CAGR+24.0%

10Y CAGR-1.9%

Whitestone REIT reported $4.1M in net income in Q1 2026. This represents an increase of 11.9% from the same quarter a year earlier. Against the prior quarter it is down 81.9%.

EPS (Diluted)

$0.08

YoY+14.3%

QoQ-81.4%

5Y CAGR+21.7%

10Y CAGR-7.8%

Whitestone REIT earned $0.08 per diluted share (EPS) in Q1 2026. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is down 81.4%.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt

$6.0M

YoY+7.7%

QoQ+23.1%

5Y CAGR-23.4%

10Y CAGR+9.4%

Whitestone REIT held $6.0M in cash as of Q1 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.14

YoY+5.6%

Whitestone REIT paid $0.14 per share in dividends in Q1 2026. This represents an increase of 5.6% from the same quarter a year earlier.

Shares Outstanding

51M

YoY+1.0%

QoQ0.0%

5Y CAGR+3.7%

10Y CAGR+6.5%

Whitestone REIT had 51M shares outstanding in Q1 2026. This represents an increase of 1.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Margins & Returns

Net Margin

10.0%

YoY+0.3pp

QoQ-42.0pp

5Y change+5.1pp

Whitestone REIT's net profit margin was 10.0% in Q1 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 42.0 percentage points.

Return on Equity

0.9%

YoY0.0pp

QoQ-4.1pp

5Y change+0.5pp

10Y change-1.2pp

Whitestone REIT's ROE was 0.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is down 4.1 percentage points.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Capital Allocation

Share Buybacks

$1.9M

YoY+28.2%

5Y CAGR+43.0%

10Y CAGR+8.3%

Whitestone REIT spent $1.9M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 28.2% from the same quarter a year earlier.

R&D Spending

Not reported for Q1 2026.

Capital Expenditures

Not reported for Q1 2026.

WSR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$164.2M	$160.9M+4.3%	$154.3M+5.0%	$147.0M+5.4%	$139.4M+11.2%	$125.4M+6.3%	$117.9M-1.1%	$119.3M-0.5%	$119.9M-4.8%	$126.0M+20.6%	$104.4M	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$90.9M+3.1%	$88.2M+3.4%	$85.3M-1.3%	$86.4M-7.4%	$93.3M+173.7%	$34.1M	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	$34.5M+15.9%	$29.7M-12.4%	$33.9M+1.4%	$33.5M+2.5%	$32.7M-53.6%	$70.3M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$21.2M-8.5%	$23.2M+12.3%	$20.7M+14.3%	$18.1M-20.2%	$22.6M+6.2%	$21.3M-1.7%	$21.7M-7.0%	$23.3M-2.8%	$23.9M+0.1%	$23.9M+17.8%	$20.3M+33.0%	$15.3M+40.0%	$10.9M+43.3%	$7.6M+14.6%	$6.6M
Interest Expense	N/A	$33.7M-1.1%	$34.0M+3.6%	$32.9M+20.9%	$27.2M+10.7%	$24.6M-4.7%	$25.8M-2.0%	$26.3M+4.4%	$25.2M+6.5%	$23.7M+22.9%	$19.2M+29.0%	$14.9M+40.9%	$10.6M+6.1%	$10.0M+16.6%	$8.6M+34.8%	$6.3M
Income Tax	N/A	$482K+7.1%	$450K0.0%	$450K+6.6%	$422K+9.6%	$385K+1.6%	$379K-5.3%	$400K+15.3%	$347K-10.1%	$386K+33.6%	$289K-22.3%	$372K+31.9%	$282K-3.8%	$293K+6.5%	$275K+22.2%	$225K
Net Income	$50.4M	$49.9M+35.3%	$36.9M+92.4%	$19.2M-45.6%	$35.3M+192.7%	$12.0M+99.7%	$6.0M-74.5%	$23.7M+10.5%	$21.4M+157.2%	$8.3M+5.1%	$7.9M+17.5%	$6.7M-11.0%	$7.6M+99.9%	$3.8M+7488.0%	$50K-95.5%	$1.1M
EPS (Basic)	N/A	$0.98+34.2%	$0.73+87.2%	$0.39-45.8%	$0.72+176.9%	$0.26+85.7%	$0.14-76.3%	$0.59+9.3%	$0.54+145.5%	$0.22-15.4%	$0.26+4.0%	$0.25-24.2%	$0.33+57.1%	$0.21	$0.00-100.0%	$0.12
EPS (Diluted)	$0.96	$0.95+31.9%	$0.72+89.5%	$0.38-46.5%	$0.71+173.1%	$0.26+85.7%	$0.14-75.4%	$0.57+9.6%	$0.52+136.4%	$0.22-15.4%	$0.26+8.3%	$0.24-25.0%	$0.32+60.0%	$0.20	$0.00-100.0%	$0.12
Diluted Shares (Avg)	N/A	52M+1.9%	51M+1.1%	51M+1.7%	50M+7.8%	46M+7.8%	43M+3.7%	41M+2.1%	41M+12.0%	36M+27.7%	28M+10.5%	26M+12.7%	23M+24.7%	18M+34.2%	14M+50.6%	9M

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Revenue	$41.4M+8.9%	$43.9M+7.5%	$41.0M+6.3%	$37.9M+0.7%	$38.0M+2.3%	$40.8M+8.8%	$38.6M+4.0%	$37.6M+3.3%
SG&A Expenses	$6.0M+10.4%	N/A	$5.3M+9.0%	$4.9M-24.9%	$5.4M-11.9%	N/A	$4.9M-9.5%	$6.6M+26.6%
Interest Expense	$8.4M+3.5%	N/A	$8.7M+1.8%	$8.3M-5.7%	$8.1M-5.0%	N/A	$8.5M+1.3%	$8.8M+6.4%
Income Tax	$132K+3.9%	N/A	$131K+11.0%	$94K+4.4%	$127K+6.7%	N/A	$118K+24.2%	$90K-28.0%
Net Income	$4.1M+11.9%	$22.8M+31.7%	$18.3M+140.5%	$5.1M+95.0%	$3.7M-60.4%	$17.3M+1025.0%	$7.6M+206.7%	$2.6M-77.1%
EPS (Basic)	$0.08+14.3%	$0.45+32.4%	$0.36+140.0%	$0.10+100.0%	$0.07-63.2%	$0.34+1033.3%	$0.15+200.0%	$0.05-78.3%
EPS (Diluted)	$0.08+14.3%	$0.43+30.3%	$0.35+133.3%	$0.10+100.0%	$0.07-61.1%	$0.33+1000.0%	$0.15+200.0%	$0.05-77.3%
Diluted Shares (Avg)	53M+1.5%	N/A	52M+1.5%	52M+1.6%	52M+1.8%	N/A	51M+1.3%	51M+1.7%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

WSR Balance Sheet

WSR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.2B+3.2%	$1.1B+1.9%	$1.1B+0.9%	$1.1B+0.1%	$1.1B+5.5%	$1.0B-1.1%	$1.1B+2.7%	$1.0B-3.9%	$1.1B+25.1%	$855.2M+9.3%	$782.1M+23.3%	$634.3M+24.9%	$508.0M+31.8%	$385.4M+40.9%	$273.5M
Cash & Equivalents	$4.9M-6.4%	$5.2M+14.3%	$4.6M-25.9%	$6.2M-60.8%	$15.7M-39.0%	$25.8M+66.0%	$15.5M+13.7%	$13.7M+172.9%	$5.0M+20.1%	$4.2M+61.1%	$2.6M-38.9%	$4.2M-34.7%	$6.5M-0.8%	$6.5M+14.9%	$5.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$37.4M+10.7%	$33.8M+10.6%	$30.6M+19.6%	$25.6M+14.2%	$22.4M-2.7%	$23.0M+0.7%	$22.9M+5.6%	$21.6M+2.4%	$21.1M+6.0%	$20.0M+29.0%	$15.5M+30.7%	$11.8M+21.2%	$9.8M+22.9%	$7.9M+31.3%	$6.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$707.4M+2.4%	$690.8M-0.4%	$693.6M+2.3%	$678.3M-3.5%	$703.1M-0.5%	$706.7M+0.5%	$703.2M+5.0%	$669.7M-5.9%	$711.8M+21.1%	$587.6M+9.8%	$535.1M+27.1%	$421.0M+46.7%	$287.1M+35.1%	$212.5M+48.8%	$142.8M
Long-Term Debt	$649.4M+2.7%	$632.5M-1.2%	$640.5M+2.3%	$626.0M-2.7%	$643.6M-0.1%	$644.2M-0.1%	$644.7M+4.3%	$618.2M-6.2%	$659.1M+21.1%	$544.0M+9.3%	$498.0M+26.4%	$394.1M+49.1%	$264.3M+38.7%	$190.6M+49.0%	$127.9M
Total Equity	$458.1M+4.6%	$438.2M+5.9%	$413.7M-1.1%	$418.4M+6.5%	$392.8M+18.3%	$332.1M-3.8%	$345.3M-1.5%	$350.5M+0.8%	$347.6M+35.9%	$255.7M+5.2%	$243.0M+15.7%	$210.1M-2.7%	$215.8M+30.0%	$166.0M+43.2%	$116.0M
Retained Earnings	-$183.6M+10.7%	-$205.6M+5.3%	-$217.0M-2.2%	-$212.4M+5.2%	-$224.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Total Assets	$1.2B+3.7%	$1.2B+3.2%	$1.1B+3.0%	$1.2B+1.3%	$1.1B+0.4%	$1.1B+1.9%	$1.1B-0.4%	$1.1B+1.0%
Cash & Equivalents	$6.0M+7.7%	$4.9M-6.4%	$6.8M+170.2%	$5.3M+64.8%	$5.6M-10.1%	$5.2M+14.3%	$2.5M-14.9%	$3.2M+10.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$37.4M+10.5%	$37.4M+10.7%	$34.1M+4.8%	$32.5M+5.1%	$33.9M+9.0%	$33.8M+10.6%	$32.5M+12.3%	$30.9M+14.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$698.3M+1.2%	$707.4M+2.4%	$701.2M+2.0%	$722.5M+0.8%	$690.1M-0.6%	$690.8M-0.4%	$687.6M+0.4%	$716.5M+2.8%
Long-Term Debt	N/A	$649.4M+2.7%	N/A	N/A	N/A	$632.5M-1.2%	N/A	N/A
Total Equity	$463.8M+7.6%	$458.1M+4.6%	$439.5M+4.8%	$427.5M+2.2%	$431.0M+2.2%	$438.2M+5.9%	$419.5M-1.7%	$418.3M-1.7%
Retained Earnings	-$179.5M+14.0%	-$183.6M+10.7%	-$199.1M+7.8%	-$210.6M+3.1%	-$208.8M+2.4%	-$205.6M+5.3%	-$216.0M-1.6%	-$217.4M-4.0%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities.

WSR Cash Flow Statement

WSR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$51.3M	$50.8M-12.8%	$58.2M+22.3%	$47.6M+7.1%	$44.4M-5.5%	$47.0M+10.0%	$42.8M-10.4%	$47.7M+20.7%	$39.6M-4.4%	$41.4M+1.8%	$40.6M+12.4%	$36.2M+43.6%	$25.2M+5.5%	$23.9M+112.9%	$11.2M+32.7%	$8.5M
Depreciation & Amortization	N/A	$35.9M+3.0%	$34.9M+5.8%	$33.0M+4.0%	$31.7M+9.5%	$28.9M+2.3%	$28.3M+5.8%	$26.7M+4.1%	$25.7M-5.7%	$27.2M+21.3%	$22.5M+13.6%	$19.8M+25.7%	$15.7M+20.0%	$13.1M+32.5%	$9.9M+27.6%	$7.7M
Stock-Based Compensation	N/A	$5.3M+16.2%	$4.6M+22.9%	$3.7M+146.7%	$1.5M-74.4%	$5.9M-2.5%	$6.1M-6.5%	$6.5M-3.8%	$6.7M-35.2%	$10.4M+1.7%	$10.2M+39.4%	$7.3M+58.4%	$4.6M+102.8%	$2.3M+215.0%	$725K+133.9%	$310K
Capital Expenditures	N/A	$300K+50.0%	$200K+100.0%	$100K0.0%	$100K-66.7%	$300K	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	$50.5M-13.0%	$58.0M+22.2%	$47.5M+7.1%	$44.3M-5.2%	$46.7M+9.3%	$42.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$23.8M	-$21.3M-33.0%	-$16.0M+55.9%	-$36.3M-440.9%	-$6.7M+92.6%	-$91.2M-1316.6%	-$6.4M+84.8%	-$42.4M-493.3%	$10.8M+107.4%	-$144.9M-84.7%	-$78.5M	N/A	N/A	-$124.6M-19.4%	-$104.4M-33.5%	-$78.2M
Financing Cash Flow	-$37.2M	-$37.5M-19.1%	-$31.5M-142.2%	-$13.0M+72.5%	-$47.3M-246.3%	$32.3M+224.2%	-$26.0M-534.9%	-$4.1M+90.2%	-$41.8M-139.5%	$105.7M+177.6%	$38.1M	N/A	N/A	$100.7M+7.1%	$94.0M+62.6%	$57.8M
Dividends Paid	$28.1M	$27.4M+11.5%	$24.6M+3.7%	$23.7M+3.2%	$23.0M+18.8%	$19.3M-23.3%	$25.2M-44.8%	$45.6M+1.5%	$44.9M+11.0%	$40.5M+26.8%	$31.9M+12.1%	$28.5M+11.4%	$25.5M+25.8%	$20.3M+32.4%	$15.3M+52.6%	$10.0M
Share Buybacks	$2.7M	$2.3M-14.1%	$2.6M+403.0%	$525K-2.2%	$537K-22.3%	$691K-66.7%	$2.1M+167.7%	$776K-60.4%	$2.0M-54.8%	$4.3M+9.9%	$3.9M+190.9%	$1.4M+5554.2%	$24K	$0	$0	$0

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Operating Cash Flow	$3.6M+15.6%	$15.9M-12.2%	$18.0M+9.9%	$13.8M+12.9%	$3.1M-73.3%	$18.1M+53.8%	$16.4M+15.8%	$12.3M-27.0%
Depreciation & Amortization	$10.0M+7.0%	$9.8M+12.8%	$8.3M-6.6%	$8.5M0.0%	$9.3M+6.0%	$8.7M+2.7%	$8.9M+7.1%	$8.5M+1.9%
Stock-Based Compensation	$1.1M+14.5%	N/A	$1.4M+12.3%	$1.0M+17.6%	$981K+13.9%	N/A	$1.3M+18.3%	$888K+11.0%
Investing Cash Flow	-$6.4M-64.5%	$5.6M+77.7%	$23.4M+68.8%	-$46.4M-63.1%	-$3.9M+14.6%	$3.2M+127.4%	$13.8M+46.5%	-$28.4M+7.4%
Financing Cash Flow	$1.5M+20.1%	-$21.0M-149.7%	-$39.8M-28.9%	$22.1M+67.1%	$1.3M+123.8%	-$8.4M-717.3%	-$30.9M-31.2%	$13.2M-0.6%
Dividends Paid	$7.3M+6.5%	$6.9M+9.8%	$7.0M+9.9%	$7.0M+11.1%	$6.8M+14.7%	$6.2M+5.3%	$6.3M+5.2%	$6.3M+4.1%
Share Buybacks	$1.9M+28.2%	$0	$758K	$0-100.0%	$1.5M+4.7%	$0	$0-100.0%	$1.2M+314.9%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

WSR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	27.5%+2.3pp	25.2%-3.3pp	28.5%+0.5pp	27.9%+2.0pp	25.9%-41.4pp	67.4%	N/A	N/A	N/A	N/A	N/A
Net Margin	31.0%+7.1pp	23.9%+10.9pp	13.1%-12.3pp	25.3%+15.7pp	9.6%+4.5pp	5.1%-14.7pp	19.9%+2.0pp	17.9%+11.3pp	6.6%-1.0pp	7.6%	N/A	N/A	N/A	N/A	N/A
Return on Equity	10.9%+2.5pp	8.4%+3.8pp	4.6%-3.8pp	8.4%+5.4pp	3.1%+1.3pp	1.8%-5.0pp	6.9%+0.7pp	6.1%+3.7pp	2.4%-0.7pp	3.1%+0.3pp	2.8%-0.8pp	3.6%+1.8pp	1.8%+1.7pp	0.0%-0.9pp	1.0%
Return on Assets	4.3%+1.0pp	3.3%+1.5pp	1.7%-1.5pp	3.2%+2.1pp	1.1%+0.5pp	0.6%-1.7pp	2.2%+0.2pp	2.1%+1.3pp	0.8%-0.1pp	0.9%+0.1pp	0.9%-0.3pp	1.2%+0.5pp	0.8%+0.7pp	0.0%-0.4pp	0.4%
Debt-to-Equity	1.420.0x	1.44-0.1x	1.55+0.1x	1.50-0.1x	1.64-0.3x	1.94+0.1x	1.87+0.1x	1.76-0.1x	1.90-0.2x	2.13+0.1x	2.05+0.2x	1.88+0.7x	1.22+0.1x	1.150.0x	1.10
Asset Turnover	0.140.0x	0.140.0x	0.130.0x	0.130.0x	0.110.0x	0.110.0x	0.110.0x	0.120.0x	0.120.0x	0.12	N/A	N/A	N/A	N/A	N/A
FCF Margin	31.4%-6.2pp	37.6%+5.3pp	32.3%+0.5pp	31.8%-5.5pp	37.3%+1.0pp	36.3%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-K	Q1'2510-Q	Q4'2410-K	Q3'2410-K	Q2'2410-K
Net Margin	10.0%+0.3pp	52.0%+9.6pp	44.7%+24.9pp	13.3%+6.4pp	9.7%-15.4pp	42.4%+38.3pp	19.7%+13.0pp	6.9%-24.1pp
Return on Equity	0.9%0.0pp	5.0%+1.0pp	4.2%+2.4pp	1.2%+0.6pp	0.9%-1.4pp	4.0%+3.6pp	1.8%+1.2pp	0.6%-2.0pp
Return on Assets	0.4%0.0pp	1.9%+0.4pp	1.6%+0.9pp	0.4%+0.2pp	0.3%-0.5pp	1.5%+1.4pp	0.7%+0.5pp	0.2%-0.8pp
Debt-to-Equity	1.51-0.1x	1.420.0x	1.600.0x	1.690.0x	1.600.0x	1.44-0.1x	1.640.0x	1.71+0.1x
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.030.0x	0.030.0x	0.040.0x	0.030.0x	0.030.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Whitestone REIT WSR	FY2025	$160.9M	$49.9M	31.0%	$988.0M	56/100
SITE Centers Corp. SITC	FY2025	$123.6M	$177.9M	N/A	$179.5M	5/100
CBL & Associates Properties, Inc. CBL	FY2025	$578.4M	$136.0M	23.5%	$1.7B	54/100
Saul Centers, Inc. BFS	FY2025	$289.8M	$37.5M	12.9%	$745.5M	63/100
Alexander's Inc. ALX	FY2025	$213.2M	$28.2M	13.2%	$1.2B	26/100
Alexander & Baldwin, Inc. ALEX	FY2025	$206.7M	$64.7M	31.3%	$1.5B	65/100

Where Whitestone REIT Ranks

Frequently Asked Questions

What is Whitestone REIT's annual revenue?

Whitestone REIT (WSR) reported $160.9M in total revenue for fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Whitestone REIT's revenue growing?

Whitestone REIT (WSR) revenue grew by 4.3% year-over-year, from $154.3M to $160.9M in fiscal year 2025.

Is Whitestone REIT profitable?

Yes, Whitestone REIT (WSR) reported a net income of $49.9M in fiscal year 2025, with a net profit margin of 31.0%.

How much debt does Whitestone REIT have?

As of fiscal year 2025, Whitestone REIT (WSR) had $4.9M in cash and equivalents against $649.4M in long-term debt.

What is Whitestone REIT's net profit margin?

Whitestone REIT (WSR) had a net profit margin of 31.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Whitestone REIT's return on equity (ROE)?

Whitestone REIT (WSR) has a return on equity of 10.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Whitestone REIT's free cash flow?

Whitestone REIT (WSR) generated $50.5M in free cash flow during fiscal year 2025. This represents a -13.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Whitestone REIT's operating cash flow?

Whitestone REIT (WSR) generated $50.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Whitestone REIT's total assets?

Whitestone REIT (WSR) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Whitestone REIT's capital expenditures?

Whitestone REIT (WSR) invested $300K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Whitestone REIT buy back shares?

Yes, Whitestone REIT (WSR) spent $2.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Whitestone REIT have outstanding?

Whitestone REIT (WSR) had 51M shares outstanding as of fiscal year 2025.

What is Whitestone REIT's debt-to-equity ratio?

Whitestone REIT (WSR) had a debt-to-equity ratio of 1.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Whitestone REIT's return on assets (ROA)?

Whitestone REIT (WSR) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Whitestone REIT's Piotroski F-Score?

Whitestone REIT (WSR) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Whitestone REIT's earnings high quality?

Whitestone REIT (WSR) has an earnings quality ratio of 1.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Whitestone REIT?

Whitestone REIT (WSR) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.