ES
MARKETS / NYSE / WSR
NYSE · REAL ESTATE INVESTMENT TRUSTS · MID CAP

Whitestone Reit WSR

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$160.9M
▲ 4.3% vs FY2024
EPS · FY25
—
Dividend / sh · FY25
—
Payout · FY25
55%
ROE · FY25
11.1%
Net margin · FY25
31.0%
Dividend coverage
0.5×
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Result
USD 160.9M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.050.10.150.20.20.02009201220152018202120242025
0.050.10.150.20.20.02016201920222025

31 cents of every revenue dollar became profit this year.

Per share
—
Diluted EPS, FY2025
EPS Dividend
0.40.81.22009201220152018202120242025
0.40.81.22016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
11.1%
Return on equity, FY2025
ROE
481211.1%2009201220152018202120242025
481211.1%2016201920222025
Operating margin—
Net margin31.0%
Return on assets4.3%

Each USD of equity produced 11 cents of profit this year.

Returned to shareholders
USD 29.7M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 27.4M
Net buybacksUSD 2.3M
Share of profit59.4%
Consecutive raises—

USD 27.4M in dividends and USD 2.3M in buybacks — 59% of the year's profit went back to shareholders.

Growth
+6.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+4.9%
+6.4%
Net income
+12.3%
+52.6%
+22.2%
+28.9%
EPS, diluted
+10.2%
+46.7%
+14.7%
+8.7%
Dividend / share
+0.0%
+0.0%
Returned to shareholders
+8.1%
+3.3%
+0.4%
+12.4%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
—
Shares outstanding, FY2025
Change, 5 years+20.5%
Change, 10 years+89.3%

The share count grew 21% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 1.2B
total assets, end of FY2025
Total assetsUSD 1.2B
EquityUSD 458.1M
CashUSD 4.9M
Gross debtUSD 649.4M
Net debtUSD 644.5M

Net debt stands at 141% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.2
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
·
·
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
·
1.14
1.14
1.14
1.14
1.14
1.14
1.14
1.14
0.85
·
Payout %
55
67
123
65
160
418
193
210
486
402
422
337
535
30648
894
467
346
ROE %
11.1
8.7
4.6
8.7
3.3
1.8
6.8
6.1
2.8
3.2
3.0
3.6
2.0
0.0
1.3
1.8
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
30 of 31
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 1 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed