Financials Whitestone REIT

Equities

WSR

US9660842041

Commercial REITs

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
11.37 USD -0.09% Intraday chart for Whitestone REIT +1.34% -7.49%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 553.4 337.6 497.5 476.1 609.4 568 - -
Enterprise Value (EV) 1 553.4 337.6 497.5 476.1 609.4 568 568 568
P/E ratio 23.9 x 56.9 x 39 x 13.6 x 32.3 x 87.5 x 75.8 x 284 x
Yield 8.37% 7.53% 4.23% 4.85% - 4.31% 4.6% 4.93%
Capitalization / Revenue 4.64 x 2.86 x 3.97 x 3.41 x 4.15 x 3.71 x 3.57 x 3.44 x
EV / Revenue 4.64 x 2.86 x 3.97 x 3.41 x 4.15 x 3.71 x 3.57 x 3.44 x
EV / EBITDA 8.23 x 5.22 x 6.83 x 5.9 x 7.52 x 7.33 x 6.31 x -
EV / FCF - - - 15.5 x - -0.38 x 5.99 x 5.81 x
FCF Yield - - - 6.46% - -263% 16.7% 17.2%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 40,634 42,354 49,113 49,386 49,586 49,959 - -
Reference price 2 13.62 7.970 10.13 9.640 12.29 11.37 11.37 11.37
Announcement Date 2/26/20 2/24/21 3/1/22 2/28/23 3/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 119.3 117.9 125.4 139.4 147 153.3 158.9 165.2
EBITDA 1 67.24 64.71 72.85 80.75 81.02 77.48 90.01 -
EBIT 1 - - - 46.35 - 50.13 50.42 -
Operating Margin - - - 33.25% - 32.7% 31.72% -
Earnings before Tax (EBT) 1 9.596 4.688 10.8 35.98 23.06 16.87 20.96 -
Net income 1 23.68 6.034 12.05 35.27 19.18 9.367 11.81 2.2
Net margin 19.86% 5.12% 9.61% 25.3% 13.05% 6.11% 7.43% 1.33%
EPS 2 0.5700 0.1400 0.2600 0.7100 0.3800 0.1300 0.1500 0.0400
Free Cash Flow 1 - - - 30.77 - -1,494 94.89 97.74
FCF margin - - - 22.07% - -974.75% 59.7% 59.18%
FCF Conversion (EBITDA) - - - 38.11% - - 105.42% -
FCF Conversion (Net income) - - - 87.25% - - 803.62% 4,442.55%
Dividend per Share 2 1.140 0.6000 0.4283 0.4675 - 0.4903 0.5233 0.5600
Announcement Date 2/26/20 2/24/21 3/1/22 2/28/23 3/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 32.44 33.26 34.12 35 35.38 34.92 35.85 36.46 37.13 37.52 37.67 38.11 38.56 38.95 39.25
EBITDA 1 18.88 18.76 21.86 19.2 19.4 20.3 20.37 19.2 20.42 21.02 18.91 19.16 19.32 20.09 22.26
EBIT 1 - - 7.025 10.76 10.83 11.69 12.13 - - - 12.23 12.54 12.67 12.69 12.6
Operating Margin - - 20.59% 30.73% 30.61% 33.49% 33.83% - - - 32.48% 32.89% 32.85% 32.58% 32.11%
Earnings before Tax (EBT) 1 3.046 2.759 7.01 4.506 4.087 20.4 4.238 12.62 2.991 3.202 3.406 3.997 4.392 5.071 4.979
Net income 1 2.899 2.608 7.078 4.338 3.915 19.94 3.847 11.31 2.486 1.541 1.503 2.366 2.462 3.011 4.8
Net margin 8.94% 7.84% 20.74% 12.4% 11.06% 57.1% 10.73% 31.01% 6.69% 4.11% 3.99% 6.21% 6.39% 7.73% 12.23%
EPS 2 0.0600 0.0500 0.1400 0.0900 0.0800 0.4000 0.0800 0.2200 0.0500 0.0300 0.0167 0.0333 0.0300 0.0467 -
Dividend per Share 2 0.1075 0.1075 0.1075 0.1200 0.1200 0.1200 0.1200 0.1200 0.1200 - 0.1200 0.1209 0.1222 0.1222 0.1200
Announcement Date 10/26/21 3/1/22 5/3/22 8/2/22 11/1/22 2/28/23 5/2/23 8/1/23 10/31/23 3/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 - - - 30.8 - -1,494 94.9 97.7
ROE (net income / shareholders' equity) - - - - - - - -
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 13.2 7.36 9.64 13.7 - - - -
Capex / Sales 11.11% 6.24% 7.69% 9.8% - - - -
Announcement Date 2/26/20 2/24/21 3/1/22 2/28/23 3/6/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
11.37 USD
Average target price
14.25 USD
Spread / Average Target
+25.33%
Consensus
  1. Stock Market
  2. Equities
  3. WSR Stock
  4. Financials Whitestone REIT