Whitestone REIT (WSR)
NYSEReal EstateReit - RetailSnapshot 2026-11-04
$18.990.00%
Close 2026-07-14 · 1-day change
NYSEReal EstateReit - RetailSnapshot 2026-11-04
QuarterlyIQ Insights · WSR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 21.8% |
| Our one-year growth estimate | diamond | 6.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 15.7 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 17 industry peers · Company calendar date is not available
WSR — M&A activity — Changes in Control of Registrant
Dated 2026-07-14
Changes in Control of Registrant. As a result of the consummation of the Company Merger, a change of control of the Company occurred, and the Company merged with and into Merger Sub, the separate existence of the Company ceased, and Merger Sub survived as a wholly owned subsidiary of Parent. The information set forth in the Introductory Note, Item 2.01, Item 3.01, Item 5.02, and
Why it matters: Changes in dividends can affect how investors feel and manage cash. An increase shows confidence.
Supportive ifThe Board declares an increase in the quarterly dividend from $0.1425.
Worry ifThe Board cuts or suspends the quarterly dividend.
Why it matters: Monitoring debt levels will show if the company is strengthening its balance sheet.
Worry ifTotal debt decreases below $600 million by Q3 2026.
Less concerning ifTotal debt remains above $650 million by Q3 2026.
Why it matters: Legal problems could slow down or stop the acquisition. This affects shareholder value.
Worry ifNo major legal problems come up that block the acquisition process.
Less concerning ifLawsuits or regulatory problems come up that threaten the deal.
Why it matters: If revenue growth speeds up, it may show a recovery for Whitestone REIT.
Supportive ifSector revenue growth speeds back up to over 10%.
Worry ifSector revenue growth stays below 7% for several quarters.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$11 on $10,000 · ±0.1% | How much price usually moves either way. |
| Bad day | $143 loss on $10,000 · 1.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $633 loss on $10,000 · 6.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Earnings results will show how Whitestone REIT is doing and what management thinks.
Watch forEarnings beat expectations with FFO growth above 5% year over year.
Also watch forEarnings miss expectations with FFO growth below 0% year over year.
Why it matters: A stronger balance sheet can support future growth and stability for the new entity.
Supportive ifTotal debt reported below $600 million in the next financial update.
Worry ifTotal debt reported above $650 million in the next financial update.
Why it matters: The acquisition ended Whitestone's public listing. Any later notice about its listing or share status would show the deal's final steps.
Watch forAn exchange or company notice confirms WSR no longer trades on the NYSE and its shares are no longer listed.
Also watch forA company or exchange filing says WSR shares are still listed or trading after the July 14 closing.
Why it matters: How Ares talks to former Whitestone shareholders can show new plans.
Watch forA press release or message about new plans for Whitestone's assets.
Also watch forNo news from Ares about plans or talks for Whitestone.
Why it matters: Occupancy rates show how well the leasing market is doing. They also show tenant demand.
Supportive ifOccupancy rate exceeds 95% in Q2 2026.
Worry ifOccupancy rate falls below 94% in Q2 2026.
Why it matters: The shareholder vote is crucial for confirming the acquisition. Positive results indicate strong support for the deal.
Supportive ifThe final vote shows most people support the acquisition.
Worry ifThe vote shows many people oppose the acquisition.
Why it matters: Ares completed the cash acquisition on July 14, 2026. The final payment marks the end of WSR as a public stock.
Watch forA filing or payment notice confirms shareholders got $19.00 per share or unit.
Also watch forA filing reports unpaid merger funds, a payment delay, or a dispute over the $19.00 amount.
Why it matters: Occupancy rates impact revenue and reflect tenant demand. A drop could signal issues in the retail market.
Worry ifOccupancy rates fall below 94.0% in the next quarter.
Less concerning ifOccupancy rates are stable. They are at 94.6% or higher.
Why it matters: The final vote results will confirm the completion of the acquisition process. This is crucial for Whitestone's future as a private entity.
Supportive ifWhitestone filed an 8-K with the SEC. It confirms that shareholders approved the acquisition.
Worry ifShareholders do not approve the acquisition. This may cause delays or cancellation.
Why it matters: Completing this acquisition changes how Whitestone works. It will also change its future plans.
Supportive ifA press release says the acquisition is complete. Whitestone is no longer a public company.
Worry ifThe acquisition does not close on the expected date due to unmet conditions.
Why it matters: Updates on Core FFO growth show how well the new management is doing.
Supportive ifCore FFO per share growth reported above 5% in the next earnings update.
Worry ifCore FFO per share growth reported below 3% in the next earnings update.
Why it matters: If revenue growth picks up, it could signal a positive shift in the maturing real estate sector.
Supportive ifQ2 revenue growth exceeds 5% year over year.
Worry ifQ2 revenue growth stays below 0% year over year.
Why it matters: Core FFO growth is a priority for management. Meeting or exceeding guidance shows operational strength.
Supportive ifCore FFO per diluted share guidance is confirmed at $1.10 to $1.14.
Worry ifCore FFO guidance is revised down below $1.10 per diluted share.