Whitestone REIT

Whitestone REIT (NYSE:WSR) is a fully integrated real estate investment trust ("REIT") that owns, redevelops, repositions, leases, manages and operates Community Centered PropertiesTM. Whitestone focuses on value creation in its community centers, concentrating on local service-oriented tenants. Whitestone's diversified tenant base provides service offerings including specialty retail, grocery, restaurants, medical, educational and financial services. Founded in 1998, the Company is internally managed with a portfolio of 70 commercial properties in Texas, Arizona and Illinois. 

Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1998
Size (employees)
106 (est)
Whitestone REIT was founded in 1998 and is headquartered in Houston, US

Whitestone REIT Office Locations

Whitestone REIT has offices in Houston, Scottsdale, Dallas and Austin
Houston, US (HQ)
500 2600 S Gessner Rd
Austin, US
200 3801 N Capital of Texas Hwy
Dallas, US
610 4144 N Central Expy
Scottsdale, US
210 20789 N Pima Rd

Whitestone REIT Data and Metrics

Whitestone REIT Financial Metrics

Whitestone REIT's revenue was reported to be $104.4 m in FY, 2016
USD

Net income (Q1, 2017)

1.6 m

Market capitalization (18-Aug-2017)

461.6 m

Cash (31-Mar-2017)

6.5 m
Whitestone REIT's current market capitalization is $461.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

62.1 m72.4 m93.4 m104.4 m

Revenue growth, %

16%29%12%

General and administrative expense

23.9 m

Operating expense total

23.5 m25.2 m31.3 m23.9 m

EBIT

4.2 m5.6 m7.2 m

EBIT margin, %

7%8%8%

Interest expense

19.2 m

Income tax expense

(289 k)

Net Income

3.9 m7.7 m6.9 m8.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

General and administrative expense

3.6 m4.2 m4.5 m5 m5.7 m4.8 m5.4 m6.2 m6.2 m

Operating expense total

3.6 m4.2 m4.5 m5 m5.7 m4.8 m5.4 m6.2 m6.2 m

Interest expense

2.4 m2.8 m3.4 m3.5 m3.7 m4.8 m4.7 m4.7 m5.2 m

Income tax expense

(57 k)(74 k)(83 k)(91 k)(100 k)(156 k)(11 k)(80 k)(81 k)

Net Income

3.7 m4.8 m1.6 m3.2 m4.8 m5.1 m6.6 m7.6 m1.6 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

6.3 m17.6 m5.7 m6.5 m6.5 m4.2 m2.6 m4.2 m

Total Assets

508 m634.3 m783.9 m855.2 m

Accounts Payable

12.8 m15.9 m24.1 m28.7 m

Total Debt

528.6 m788.2 m999.5 m1.1 b

Total Liabilities

587.6 m

Additional Paid-in Capital

291.6 m304.1 m360 m396.5 m

Retained Earnings

(54 k)(91 k)(129 k)859 k

Total Equity

220.9 m213.3 m247 m267.6 m

Debt to Equity Ratio

2.4 x3.7 x4 x4.1 x

Debt to Assets Ratio

1 x1.2 x1.3 x1.3 x

Financial Leverage

2.3 x3 x3.2 x3.2 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

5 m6.3 m4.3 m6.3 m5.7 m2.4 m5.9 m8.8 m6.5 m

Total Assets

505.1 m545.5 m639.4 m685.6 m783.6 m783 m786 m858.5 m856.8 m

Accounts Payable

12.4 m15.1 m15.1 m15.9 m21.8 m25 m30.2 m31.9 m18 m

Additional Paid-in Capital

299.3 m302.5 m305.9 m356.5 m358.1 m361.3 m372.7 m391 m403.8 m

Retained Earnings

(84.9 m)(90.3 m)(99 m)(105.1 m)(111.3 m)(119.8 m)(126.3 m)(133.8 m)(148.8 m)

Total Equity

218.2 m215.6 m209.6 m253.9 m250.5 m239.2 m241.5 m262.2 m268.2 m

Financial Leverage

2.3 x2.5 x3.1 x2.7 x3.1 x3.3 x3.3 x3.3 x3.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

3.9 m7.7 m6.9 m8.1 m

Depreciation and Amortization

13.4 m15.7 m19.8 m22.5 m

Accounts Payable

(1.2 m)2.3 m7.4 m4.8 m

Cash From Operating Activities

23.9 m25.2 m36.2 m39.2 m

Cash From Investing Activities

(124.6 m)(138.8 m)(160.2 m)(75.8 m)

Cash From Financing Activities

100.7 m106.5 m122.3 m38.2 m

Interest Paid

9.2 m9.6 m13.5 m18.3 m

Income Taxes Paid

237 k238 k315 k284 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.7 m4.8 m1.6 m3.2 m4.8 m5.1 m6.6 m7.6 m1.6 m

Depreciation and Amortization

7.8 m11.8 m4.6 m9.2 m14.4 m5.4 m10.9 m16.4 m6 m

Accounts Payable

(797 k)2.1 m(1.1 m)(235 k)4.2 m(5.2 m)(2.5 m)261 k(10 m)

Cash From Operating Activities

12.2 m19.9 m7.5 m14.6 m26 m5.7 m16.1 m28 m883 k

Cash From Investing Activities

(5 m)(45.5 m)(9.2 m)(56.3 m)(155.4 m)(3.3 m)(7.1 m)(72 m)(4.6 m)

Cash From Financing Activities

(8.7 m)25.4 m1.7 m43.8 m130.8 m(2.5 m)(5.7 m)50.2 m6 m

Interest Paid

4.4 m6.9 m3.1 m6.4 m9.8 m4.6 m9.2 m13.7 m4.9 m

Income Taxes Paid

238 k238 k315 k315 k284 k
Y, 2017

Financial Leverage

3.2 x

Whitestone REIT Market Value History

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