WSR - Whitestone REIT
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$18.25
DETAILS
HIGH:
$19.00
LOW:
$16.00
MEDIAN:
$19.00
CONSENSUS:
$18.25
DOWNSIDE:
3.90%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 160.9 | 155.5 | 147.9 | 140.6 | 125.3 | 123.6 | 120.5 | 119.9 | 126.0 | 104.4 | 93.4 | 72.4 | 62.1 | 46.6 | 34.9 | 31.5 | 32.7 | 31.2 | 31.0 | 29.8 | 25.2 | 23.5 | 21.0 | 20.8 | 125.4 |
| Cost of Revenue | 50.1 | 46.0 | 46.0 | 43.3 | 39.3 | 38.6 | 36.9 | 37.4 | 42.1 | 34.1 | 31.3 | 25.2 | 23.5 | 17.6 | 13.3 | 12.3 | 13.0 | 13.2 | 9.2 | 10.9 | 8.3 | 6.3 | 5.4 | 5.7 | 39.3 |
| Gross Profit | 110.7 | 109.5 | 102.0 | 97.3 | 86.0 | 85.0 | 83.6 | 82.4 | 83.8 | 70.3 | 62.1 | 47.2 | 38.6 | 28.9 | 21.6 | 19.2 | 19.7 | 18.0 | 21.8 | 18.9 | 17.0 | 17.2 | 15.6 | 15.0 | 86.0 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D Expenses | 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 |
| SG&A Expenses | 21.2 | 23.2 | 20.7 | 18.1 | 22.6 | 21.3 | 21.7 | 23.3 | 23.9 | 23.9 | 20.3 | 15.3 | 10.9 | 7.6 | 6.6 | 5.0 | 6.1 | 6.7 | 6.7 | 4.5 | 2.6 | 2.9 | 2.8 | 2.4 | 22.6 |
| Other Expenses | 35.9 | 34.9 | 33.0 | 31.7 | 28.9 | 63.7 | 0 | 25.7 | 27.2 | 22.5 | 19.8 | 15.7 | 13.4 | (2.2) | 8.4 | 7.2 | 5.4 | 6.9 | 10.1 | 6.9 | 6.2 | 5.2 | 5.0 | 4.1 | 68.3 |
| Operating Expenses | 57.1 | 58.1 | 53.6 | 49.8 | 51.6 | 85.0 | 21.7 | 49.0 | 51.2 | 46.4 | 40.1 | 31.0 | 24.3 | 17.8 | 15.0 | 12.2 | 11.5 | 13.6 | 16.9 | 11.4 | 8.9 | 8.2 | 7.8 | 6.6 | 90.9 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | 53.6 | 51.4 | 48.3 | 47.5 | 34.4 | 0 | 62.0 | 33.5 | 32.7 | 24.0 | 22.0 | 16.2 | 14.3 | 11.1 | 1.3 | 1.4 | 2.5 | 4.4 | 5.0 | 7.5 | 8.1 | 9.1 | 7.8 | 8.5 | 10.4 |
| Interest Expense | 33.7 | 34.0 | 32.9 | 27.2 | 24.6 | 25.8 | 26.3 | 25.2 | 23.7 | 19.2 | 14.9 | 10.6 | 10.0 | 8.7 | 5.7 | 5.6 | 5.7 | 5.9 | 5.4 | 5.3 | 3.8 | 2.7 | 1.3 | 1.6 | 24.6 |
| Interest Income | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.7 | 1.1 | 0.4 | 0.4 | 0.3 | 0.1 | 0.1 | 0.3 | 0.5 | 0.0 | 0.0 | 0.2 | 0.6 | 0.4 | 0.5 | 0.4 | 0.4 | 0.3 | (0.1) |
| Profitability | |||||||||||||||||||||||||
| EBITDA | 120.6 | 106.8 | 85.8 | 95.1 | 64.3 | 60.6 | 62.0 | 61.2 | 58.3 | 46.4 | 41.8 | 32.0 | 27.1 | 19.4 | 15.7 | 13.7 | 13.6 | 5.8 | 5.9 | 8.7 | 14.2 | 14.3 | 12.6 | 12.5 | 65.4 |
| EBIT | 84.7 | 71.9 | 52.8 | 63.4 | 35.4 | 32.3 | 35.2 | 47.5 | 32.6 | 27.6 | 22.1 | 16.2 | 13.8 | 8.7 | 7.9 | 7.9 | 8.2 | 4.4 | 4.9 | 8.1 | 7.8 | 9.1 | 7.8 | 8.5 | 34.8 |
| Income Before Tax | 51.0 | 37.8 | 19.9 | 36.2 | 10.8 | 6.5 | 24.0 | 22.3 | 9.3 | 8.4 | 7.2 | 5.6 | 4.2 | 0.3 | 1.6 | 2.0 | 2.3 | (1.2) | 0.1 | 1.8 | 2,448.2 | 3,423.6 | 3,474.2 | 0 | 10.2 |
| Income Tax Expense | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 5.8 | (1,885.0) | (2,984.8) | (3,030.4) | 4.8 | (0.4) |
| Net Income | 49.9 | 36.9 | 19.2 | 35.3 | 12.0 | 6.0 | 23.7 | 21.4 | 8.3 | 7.9 | 6.7 | 7.6 | 3.8 | 0.1 | 1.1 | 1.1 | 1.3 | 1.1 | (0.1) | 1.8 | 2.4 | 3.4 | 3.5 | 3.7 | 12.3 |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | 0.98 | 0.73 | 0.39 | 0.72 | 0.26 | 0.14 | 0.59 | 0.55 | 0.22 | 0.26 | 0.25 | 0.33 | 0.21 | 0.00 | 0.12 | 0.20 | 0.24 | 0.20 | -0.01 | 0.55 | 0.75 | 1.05 | 1.07 | 1.14 | 3.73 |
| EPS (Diluted) | 0.95 | 0.72 | 0.38 | 0.71 | 0.26 | 0.14 | 0.57 | 0.53 | 0.22 | 0.26 | 0.24 | 0.32 | 0.20 | 0.00 | 0.12 | 0.27 | 0.24 | 0.20 | -0.01 | 0.54 | 0.74 | 1.04 | 1.05 | 1.12 | 3.71 |
| Shares Outstanding | 50.6 | 50.2 | 49.5 | 49.3 | 45.5 | 42.2 | 40.2 | 39.3 | 35.4 | 27.6 | 24.6 | 22.3 | 18.0 | 13.5 | 9.0 | 5.6 | 5.6 | 5.7 | 5.7 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 | 3.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||
| Cash & Cash Equivalents | 4.9 | 5.2 | 4.6 | 6.2 | 15.7 | 25.8 | 15.5 | 13.7 | 7.8 | 4.2 | 6.3 | 13.0 | 0.6 | 0.6 | 6.1 |
| Short-Term Investments | 0 | 0 | 2.6 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.5 | 8.2 | 4.1 | 0 | 0 | 0 |
| Net Receivables | 37.4 | 80.6 | 32.1 | 26.9 | 22.2 | 22.9 | 22.6 | 27.7 | 21.1 | 20.0 | 4.5 | 4.9 | 7.6 | 6.9 | 5.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.3) | (3.0) | 1.4 | 0.7 | 0 | 0 | 0 | 0 |
| Other Current Assets | 7.6 | 14.2 | 26.3 | 13.0 | 14.3 | 11.4 | 11.7 | 15.6 | 8.1 | 9.4 | 0 | 4.3 | 5.0 | 3.2 | 2.9 |
| Total Current Assets | 50.0 | 100.0 | 65.5 | 46.1 | 52.3 | 60.0 | 49.9 | 57 | 44.9 | 34.1 | 23.6 | 21.9 | 13.2 | 10.6 | 14.7 |
| Non-Current Assets | |||||||||||||||
| Property, Plant & Equipment | 10.3 | 10.5 | 980.8 | 10.5 | 1,006.8 | 943.3 | 963.4 | 938.9 | 1,018.4 | 813.1 | 158.4 | 150.8 | 126.5 | 120.3 | 109.3 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1,089.2 | 0 | 31.7 | 34.8 | 34.6 | 34.0 | 34.1 | 26.2 | 4.1 | 0.5 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 21.8 | 1,024.1 | 35.2 | 1,011.3 | 8.4 | 7.7 | 9.0 | 945.6 | 8.4 | 8.1 | 0 | 5.2 | 2.9 | 3.2 | 3.0 |
| Total Non-Current Assets | 1,121.3 | 1,034.6 | 1,047.7 | 1,056.6 | 1,049.8 | 985.0 | 1,006.4 | 971.9 | 1,026.8 | 821.1 | 158.4 | 156 | 129.4 | 123.4 | 112.3 |
| Total Assets | 1,171.3 | 1,134.6 | 1,113.2 | 1,102.8 | 1,102.1 | 1,045.0 | 1,056.3 | 1,028.9 | 1,071.7 | 855.2 | 182 | 177.9 | 142.6 | 134.1 | 127.0 |
| Current Liabilities | |||||||||||||||
| Account Payables | 0 | 40.6 | 28.8 | 36.2 | 38.7 | 35.7 | 32.3 | 33.7 | 35.5 | 28.7 | 10.0 | 7.4 | 0.7 | 0.8 | 0.9 |
| Short-Term Debt | 17.5 | 0 | 63.8 | 0 | 265 | 0 | 0 | 0 | 659.1 | 0 | 101.8 | 0 | 57.2 | 47.3 | 34.4 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (618.2) | 0 | (541.4) | 1.6 | 1.7 | 4.6 | 4.6 | 7.8 |
| Other Current Liabilities | 0 | 0 | 7.7 | 0 | 5.4 | 4.5 | 12.2 | 0 | (647.1) | 0 | (1.6) | (10.8) | 3.8 | 2.5 | 2.5 |
| Total Current Liabilities | 17.5 | 49.2 | 108.0 | 44.5 | 310.0 | 40.3 | 44.9 | 45.4 | 47.5 | 37.4 | 115.1 | 110.8 | 66.3 | 55.2 | 45.6 |
| Non-Current Liabilities | |||||||||||||||
| Long-Term Debt | 625.4 | 631.5 | 576.3 | 625.4 | 384.7 | 658.8 | 650.4 | 618.2 | 659.1 | 544.0 | 99.4 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (669.7) | (711.8) | (587.6) | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 61.2 | 9.3 | 8.6 | 8.4 | 8.1 | 6.9 | 6.6 | 6.1 | 6.9 | 6.1 | 2.4 | 0 | 9,072.7 | 0 | 0 |
| Total Non-Current Liabilities | 689.9 | 641.7 | 585.7 | 633.9 | 393.0 | 666.4 | 658.3 | 624.3 | 666.0 | 550.1 | 101.8 | 100.0 | 9,072.7 | 7,839.8 | 0 |
| Total Liabilities | 707.4 | 690.8 | 693.6 | 678.3 | 703.1 | 706.7 | 703.2 | 669.7 | 713.4 | 587.6 | 115.1 | 110.8 | 66.3 | 55.2 | 45.6 |
| Stockholders' Equity | |||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (183.6) | (205.6) | (217.0) | (212.4) | (224.0) | (215.8) | (204.0) | (181.4) | (176.7) | (141.7) | (26.4) | (23.3) | (5.7) | (4.2) | (2.8) |
| Accumulated Other Comprehensive Income | 0.4 | 5.7 | 2.6 | 6.0 | (6.8) | (14.4) | (5.5) | 4.1 | 2.9 | 0.9 | (34.4) | 0 | (15.5) | (11.5) | (7.7) |
| Total Stockholders' Equity | 458.1 | 438.2 | 413.7 | 418.4 | 392.8 | 332.1 | 345.3 | 350.5 | 347.6 | 255.7 | 43.6 | 45.9 | 39.8 | 41.3 | 42.7 |
| Total Liabilities & Equity | 1,165.5 | 1,134.6 | 1,113.2 | 1,102.8 | 1,102.1 | 1,045.0 | 1,056.3 | 1,028.9 | 1,071.7 | 855.2 | 182 | 177.9 | 142.6 | 134.1 | 127.0 |
| Debt Metrics | |||||||||||||||
| Total Debt | 643.9 | 632.4 | 640.9 | 626.2 | 649.9 | 659.5 | 651.7 | 618.2 | 659.1 | 544.0 | 101.8 | 100.0 | 57.2 | 47.3 | 34.4 |
| Net Debt | 639.0 | 627.1 | 636.3 | 620.0 | 634.2 | 633.7 | 636.2 | 604.5 | 651.3 | 539.9 | 95.5 | 87.0 | 56.6 | 46.8 | 28.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Net Income | 50.6 | 37.4 | 19.4 | 35.8 | 10.4 | 6.2 | 23.6 | 22.0 | 8.9 | 8.1 | 2.4 | 3.4 | 3.5 | 3.7 |
| Depreciation & Amortization | 36.0 | 35.0 | 33.1 | 31.7 | 28.9 | 28.3 | 26.7 | 25.7 | 27.2 | 22.5 | 6.1 | 5.2 | 4.8 | 4.0 |
| Stock-Based Compensation | 5.3 | 4.6 | 3.7 | 1.5 | 5.9 | 6.1 | 6.5 | 6.7 | 10.4 | 10.2 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (11.2) | 1.3 | (5.3) | (9.8) | 4.8 | (3.3) | (2.9) | (5.7) | (9.9) | (1.9) | (1.8) | (1.9) | (2.5) | (0.4) |
| Other Non-Cash Items | (29.9) | (20.0) | (3.3) | (14.7) | (2.2) | 1.1 | 1.1 | 1.1 | 1.8 | 1.9 | 2.0 | 2.8 | 3.2 | 3.3 |
| Operating Cash Flow | 50.8 | 58.2 | 47.6 | 44.4 | 48.9 | 42.8 | 47.7 | 39.6 | 41.0 | 39.2 | 8.8 | 9.5 | 9.0 | 10.6 |
| Investing Activities | ||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | (143.0) | (82.7) | (31.8) | (10.3) | (8.2) | (2.0) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (110.5) | 0 | 0 | (30.7) | (91.2) | (7.4) | (48.0) | (11.6) | (145.4) | (82.7) | 0 | (9.0) | 0 | 0 |
| Sales/Maturities of Investments | 89.2 | 0 | 0 | 33.7 | 0 | 0.9 | 5.7 | 0.0 | 0.5 | 7.0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (16.0) | (36.3) | (9.8) | 0 | 0 | 0.6 | 9.8 | 0.0 | 6.9 | 0.0 | 9.3 | (0.3) | 0.1 |
| Investing Cash Flow | (21.3) | (16.0) | (36.3) | (6.7) | (91.2) | (6.4) | (41.8) | 10.8 | (142.5) | (75.8) | (31.8) | (10.0) | (8.5) | (1.9) |
| Financing Activities | ||||||||||||||
| Net Debt Issuance | (7.4) | (10.7) | 11.5 | (19.5) | (3.3) | (0.4) | 25.2 | 6.5 | 34.1 | 44.7 | 15.8 | 9.6 | 6.4 | 4.1 |
| Stock Repurchased | (2.3) | (2.6) | (0.5) | (0.5) | (0.7) | (2.1) | (0.8) | (2.0) | (4.3) | (3.9) | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | (24.6) | (23.7) | (23.0) | (19.3) | (25.2) | (45.6) | (44.9) | (40.5) | (31.9) | (9.4) | (9.0) | (9.0) | (8.4) |
| Other Financing Activities | (27.8) | (1.2) | (0.3) | (4.3) | (0.4) | (0.6) | (4.1) | (1.3) | (1.9) | (0.7) | 5,279.7 | (1.5) | (3.4) | 1.4 |
| Financing Cash Flow | (37.5) | (31.5) | (13) | (47.3) | 32.3 | (26.0) | (4.1) | (41.8) | 105.2 | 38.2 | 23.2 | 0.6 | (6.0) | (2.8) |
| Cash Position | ||||||||||||||
| Net Change in Cash | (8.0) | 10.7 | (1.7) | (9.6) | (10.0) | 10.3 | 1.9 | 8.6 | 3.6 | 1.6 | 0.2 | 0.1 | (5.5) | 5.9 |
| Cash at Beginning | 15.4 | 4.6 | 6.4 | 15.9 | 26.0 | 15.6 | 13.8 | 5.2 | 4.2 | 2.6 | 0.6 | 0.6 | 6.1 | 0.2 |
| Cash at End | 7.4 | 15.4 | 4.6 | 6.4 | 15.9 | 26.0 | 15.6 | 13.8 | 7.8 | 4.2 | 0.8 | 0.6 | 0.6 | 6.1 |
| Free Cash Flow | 50.8 | 58.2 | 47.6 | 44.4 | 48.9 | 42.8 | 47.7 | 40.5 | (102.1) | (43.5) | (23.0) | (0.7) | 0.7 | 8.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 160.9 | 155.5 | 147.9 | 140.6 | 125.3 | 123.6 | 120.5 | 119.9 | 126.0 | 104.4 | 93.4 | 72.4 | 62.1 | 46.6 | 34.9 | 31.5 | 32.7 | 31.2 | 31.0 | 29.8 | 25.2 | 23.5 | 21.0 | 20.8 | 125.4 |
| Gross Profit | 110.7 | 109.5 | 102.0 | 97.3 | 86.0 | 85.0 | 83.6 | 82.4 | 83.8 | 70.3 | 62.1 | 47.2 | 38.6 | 28.9 | 21.6 | 19.2 | 19.7 | 18.0 | 21.8 | 18.9 | 17.0 | 17.2 | 15.6 | 15.0 | 86.0 |
| Operating Income | 53.6 | 51.4 | 48.3 | 47.5 | 34.4 | 0 | 62.0 | 33.5 | 32.7 | 24.0 | 22.0 | 16.2 | 14.3 | 11.1 | 1.3 | 1.4 | 2.5 | 4.4 | 5.0 | 7.5 | 8.1 | 9.1 | 7.8 | 8.5 | 10.4 |
| Net Income | 49.9 | 36.9 | 19.2 | 35.3 | 12.0 | 6.0 | 23.7 | 21.4 | 8.3 | 7.9 | 6.7 | 7.6 | 3.8 | 0.1 | 1.1 | 1.1 | 1.3 | 1.1 | (0.1) | 1.8 | 2.4 | 3.4 | 3.5 | 3.7 | 12.3 |
| EPS (Diluted) | 0.95 | 0.72 | 0.38 | 0.71 | 0.26 | 0.14 | 0.57 | 0.53 | 0.22 | 0.26 | 0.24 | 0.32 | 0.20 | 0.00 | 0.12 | 0.27 | 0.24 | 0.20 | -0.01 | 0.54 | 0.74 | 1.04 | 1.05 | 1.12 | 3.71 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 4.9 | 5.2 | 4.6 | 6.2 | 15.7 | 25.8 | 15.5 | 13.7 | 7.8 | 4.2 | 6.3 | 13.0 | 0.6 | 0.6 | 6.1 | ||||||||||
| Total Assets | 1,171.3 | 1,134.6 | 1,113.2 | 1,102.8 | 1,102.1 | 1,045.0 | 1,056.3 | 1,028.9 | 1,071.7 | 855.2 | 182 | 177.9 | 142.6 | 134.1 | 127.0 | ||||||||||
| Total Debt | 643.9 | 632.4 | 640.9 | 626.2 | 649.9 | 659.5 | 651.7 | 618.2 | 659.1 | 544.0 | 101.8 | 100.0 | 57.2 | 47.3 | 34.4 | ||||||||||
| Stockholders' Equity | 458.1 | 438.2 | 413.7 | 418.4 | 392.8 | 332.1 | 345.3 | 350.5 | 347.6 | 255.7 | 43.6 | 45.9 | 39.8 | 41.3 | 42.7 | ||||||||||
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | 50.8 | 58.2 | 47.6 | 44.4 | 48.9 | 42.8 | 47.7 | 39.6 | 41.0 | 39.2 | 8.8 | 9.5 | 9.0 | 10.6 | |||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | (143.0) | (82.7) | (31.8) | (10.3) | (8.2) | (2.0) | |||||||||||
| Free Cash Flow | 50.8 | 58.2 | 47.6 | 44.4 | 48.9 | 42.8 | 47.7 | 40.5 | (102.1) | (43.5) | (23.0) | (0.7) | 0.7 | 8.6 | |||||||||||