WHITESTONE REIT (WSR)
US9660842041 - REIT
Taking everything into account, WSR scores 3 out of 10 in our fundamental rating. WSR was compared to 126 industry peers in the Diversified REITs industry. WSR has an excellent profitability rating, but there are concerns on its financial health. WSR does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
WSR had positive earnings in the past year.
In the past year WSR had a positive cash flow from operations.
Each year in the past 5 years WSR has been profitable.
In the past 5 years WSR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of WSR (1.72%) is better than 63.41% of its industry peers.
WSR has a better Return On Equity (4.64%) than 66.67% of its industry peers.
With a decent Return On Invested Capital value of 3.53%, WSR is doing good in the industry, outperforming 71.54% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WSR is in line with the industry average of 2.95%.
The 3 year average ROIC (3.21%) for WSR is below the current ROIC(3.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 4.64% | ||
| ROIC | 3.53% |
ROA(3y)2%
ROA(5y)1.76%
ROE(3y)5.38%
ROE(5y)4.95%
ROIC(3y)3.21%
ROIC(5y)2.94%
1.3 Margins
WSR has a better Profit Margin (13.05%) than 64.23% of its industry peers.
In the last couple of years the Profit Margin of WSR has declined.
The Operating Margin of WSR (32.24%) is better than 69.92% of its industry peers.
In the last couple of years the Operating Margin of WSR has grown nicely.
WSR's Gross Margin of 68.73% is in line compared to the rest of the industry. WSR outperforms 54.47% of its industry peers.
In the last couple of years the Gross Margin of WSR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.24% | ||
| PM (TTM) | 13.05% | ||
| GM | 68.73% |
OM growth 3Y8.57%
OM growth 5Y2.91%
PM growth 3Y36.88%
PM growth 5Y-5.8%
GM growth 3Y0.72%
GM growth 5Y0%
2. Health
2.1 Basic Checks
WSR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, WSR has more shares outstanding
WSR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for WSR is higher compared to a year ago.
2.2 Solvency
WSR has an Altman-Z score of 0.50. This is a bad value and indicates that WSR is not financially healthy and even has some risk of bankruptcy.
WSR has a Altman-Z score (0.50) which is in line with its industry peers.
The Debt to FCF ratio of WSR is 126.38, which is on the high side as it means it would take WSR, 126.38 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of WSR (126.38) is comparable to the rest of the industry.
A Debt/Equity ratio of 1.55 is on the high side and indicates that WSR has dependencies on debt financing.
WSR has a worse Debt to Equity ratio (1.55) than 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 126.38 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.49
WACC7.27%
2.3 Liquidity
A Current Ratio of 0.78 indicates that WSR may have some problems paying its short term obligations.
WSR's Current ratio of 0.78 is on the low side compared to the rest of the industry. WSR is outperformed by 72.36% of its industry peers.
A Quick Ratio of 0.78 indicates that WSR may have some problems paying its short term obligations.
With a Quick ratio value of 0.78, WSR is not doing good in the industry: 69.92% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 |
3. Growth
3.1 Past
WSR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.01%.
WSR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -15.14% yearly.
The Revenue has been growing slightly by 5.41% in the past year.
The Revenue has been growing slightly by 4.16% on average over the past years.
EPS 1Y (TTM)-69.01%
EPS 3Y30.06%
EPS 5Y-15.14%
EPS growth Q2Q-85%
Revenue 1Y (TTM)5.41%
Revenue growth 3Y7.62%
Revenue growth 5Y4.16%
Revenue growth Q2Q7.46%
3.2 Future
The Earnings Per Share is expected to decrease by -29.58% on average over the next years. This is quite bad
Based on estimates for the next years, WSR will show a small growth in Revenue. The Revenue will grow by 4.42% on average per year.
EPS Next Y33.14%
EPS Next 2Y-45.42%
EPS Next 3Y33.65%
EPS Next 5Y-29.58%
Revenue Next Year4.48%
Revenue Next 2Y4.39%
Revenue Next 3Y-1.77%
Revenue Next 5Y4.42%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 52.91 indicates a quite expensive valuation of WSR.
Compared to the rest of the industry, the Price/Earnings ratio of WSR is on the same level as its industry peers.
WSR is valuated expensively when we compare the Price/Earnings ratio to 28.06, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 39.74, WSR can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of WSR indicates a somewhat cheap valuation: WSR is cheaper than 65.85% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of WSR to the average of the S&P500 Index (20.72), we can say WSR is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.91 | ||
| Fwd PE | 39.74 |
4.2 Price Multiples
WSR's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as WSR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 114.68 | ||
| EV/EBITDA | 15.23 |
4.3 Compensation for Growth
WSR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
WSR has a very decent profitability rating, which may justify a higher PE ratio.
WSR's earnings are expected to grow with 33.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.6
PEG (5Y)N/A
EPS Next 2Y-45.42%
EPS Next 3Y33.65%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.27%, WSR is a good candidate for dividend investing.
WSR's Dividend Yield is slightly below the industry average, which is at 6.02.
WSR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
5.2 History
The dividend of WSR decreases each year by -15.91%.
WSR has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of WSR decreased in the last 3 years.
Dividend Growth(5Y)-15.91%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
WSR pays out 123.48% of its income as dividend. This is not a sustainable payout ratio.
WSR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP123.48%
EPS Next 2Y-45.42%
EPS Next 3Y33.65%
WHITESTONE REIT
NYSE:WSR (5/3/2024, 1:40:50 PM)
11.64
-0.14 (-1.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap581.53M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.91 | ||
| Fwd PE | 39.74 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.6
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.72% | ||
| ROE | 4.64% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 32.24% | ||
| PM (TTM) | 13.05% | ||
| GM | 68.73% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.78 | ||
| Quick Ratio | 0.78 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-69.01%
EPS 3Y30.06%
EPS 5Y
EPS growth Q2Q
EPS Next Y33.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.41%
Revenue growth 3Y7.62%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y