Whitestone REIT (WSR)
NYSEReal EstateReit - RetailSnapshot 2026-09-04
$18.990.00%
Close 2026-07-14 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-09-04
Intact: The reason to own it still holds.
Whitestone REIT aims to grow core FFO per share 5-7% yearly. Free cash flow is expected near $60 million in 2026. The company changed dividends to quarterly with a 5.6% increase. It has stable management and a value-added retail property focus.
Whitestone trades at a high price-to-earnings ratio of 50. Free cash flow yield is negative. Revenue growth may slow below analyst expectations. The sector faces headwinds that could hurt retail REITs.
The price is about 38% above our fair value near $14. Analysts expect about 6% revenue growth, which we find reasonable. Our fair value is 28% below the Street median of $19.
Breaks if: Core FFO per share growth falls below 5% annually
Maintain and grow Core Funds From Operations (Core FFO) per diluted share with a long-term target of 5-7% growth annually.
Newly stated in 2025-Q4. Management set a long-term Core FFO per share growth target of 5-7%. Core FFO per diluted share increased from $1.01 in 2024 to $1.05 in 2025, reflecting a 3.96% growth. The trajectory shows progress but slightly below the lower bound of the target range.
“CEO: 'We are firmly on track with our long-term 5-7% Core FFO per share growth target.'”
Breaks if: Dividend payment schedule reverts to monthly or dividend cut occurs
Breaks if: Free cash flow falls below $54 million in FY26
Breaks if: Revenue growth falls below 5% annually
Maintain and grow Core Funds From Operations (Core FFO) per diluted share with a long-term target of 5-7% growth annually.
Newly stated in 2025-Q4. Management set a long-term Core FFO per share growth target of 5-7%. Core FFO per diluted share increased from $1.01 in 2024 to $1.05 in 2025, reflecting a 3.96% growth. The trajectory shows progress but slightly below the lower bound of the target range.
“CEO: 'We are firmly on track with our long-term 5-7% Core FFO per share growth target.'”
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
WSR represents a mix of a durable compounder and a turnaround story. The current thesis state is intact, supported by strong recent financial performance, but it faces sector headwinds and management volatility.
The market seems to price WSR as relatively cheap compared to peers, with an expectations gap indicating that some positive performance is anticipated. However, the valuation is stretched, reflecting a low fragility tier due to weak execution quality.
Management has set a long-term growth target for Core FFO per share, which is on track but slightly below expectations. Recent changes in management priorities show mixed results, and while the near-term risk of missing earnings is low, the company has a history of earnings misses.
The thesis hinges on the company's ability to maintain guidance and the performance of sector bellwethers. Additionally, any changes in Federal Reserve interest rates could significantly impact WSR's performance.
Overall, WSR's prospects depend on management execution and external economic factors. Not investment advice.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.