Whitestone REIT
We are a Maryland REIT engaged in owning and operating commercial properties in culturally diverse markets in major metropolitan areas. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the Code ).
$0.41
-$0.02 (-3.49%)
Price from 2 days ago
33.31% operating margin is above average. ROIC at 4.87%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 4.3%, steady but not accelerating. Free cash flow declined 13% despite revenue growth, conversion is weakening.
Free cash flow declined 13% versus the prior year, cash generation momentum has weakened. Net debt of $646M represents 12.8x FCF, leverage limits flexibility.
0.4x earnings, 0.4x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$164M
▲ +4.3% YoY
Net Income (TTM)
$50M
▲ +35.3% YoY
Op. Margin
33.19%
▲ +0.8pp YoY
ROIC
4.47%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$51M
▼ -13.0% YoY
Op. Cash Flow (TTM)
$51M
▼ -12.8% YoY
Net Debt
$804M
Cash & Equiv.
$6M
5Y CAGR: +6.4%
5Y CAGR: +3.4%
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SourceComputed from the 10-Q filed 4 May 2026, covering the period ending 31 Mar 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Whitestone REIT (WSR) overvalued?
At a P/E of 0.4 and a price-to-free-cash-flow of 0.4, Whitestone REIT (WSR) trades below a two-stage DCF intrinsic value of about $1.59 per share, so at $0.41 the stock looks undervalued (283.3% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Whitestone REIT scores 72/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 130.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Whitestone REIT's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $1.59 per share for WSR, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $1.19. At today's $0.41, that puts the stock about 283.3% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Whitestone REIT a high-quality business?+
Whitestone REIT scores 72 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 33.2% operating margin and a 4.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Whitestone REIT (WSR) pay a dividend, and how much?+
Yes, Whitestone REIT pays a regular dividend of about $0.53 per share per year (typically in quarterly installments), a yield of roughly 130.6% at the current price. That is a payout ratio of about 55.3% of earnings, so the dividend is well covered. Whitestone REIT has grown the dividend at roughly 9.1% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For WSR's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Whitestone REIT a good stock to buy right now?+
That depends on valuation and quality together, not either alone. WSR currently trades below its estimated intrinsic value and scores 72/100 on quality (solid). It also yields about 130.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in WSR's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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