Whitestone REIT WSR
Whitestone REIT (NYSE: WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in the country: Phoenix, Austin, Dallas, Houston and San Antonio. Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy.
Snapshot
Reported FFO / Core FFO / leverage are from the Q4 2025 earnings release (filed 2026-02-25) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $160.86M | $49.93M | $35.93M | $120.64M | $50.77M |
| 2024 | $155.51M | $36.89M | $34.98M | $106.84M | $58.23M |
| 2023 | $147.92M | $19.18M | $33.06M | $85.83M | $47.60M |
| 2022 | $140.58M | $35.27M | $31.71M | $95.12M | $44.43M |
| 2021 | $125.28M | $12.05M | $28.95M | $64.32M | $48.87M |
| 2020 | $123.56M | $6.03M | $28.30M | $60.60M | $42.78M |
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-17 | 2026-06-17 | 2026-06-29 | 2026-04-08 | $0.14 | Quarterly |
| 2026-03-16 | 2026-03-16 | 2026-03-30 | 2025-12-18 | $0.14 | Quarterly |
| 2025-12-01 | 2025-12-01 | 2025-12-11 | 2025-08-28 | $0.04 | Irregular |
| 2025-11-03 | 2025-11-03 | 2025-11-13 | 2025-08-28 | $0.04 | Monthly |
| 2025-10-01 | 2025-10-01 | 2025-10-09 | 2025-08-28 | $0.04 | Irregular |
| 2025-09-02 | 2025-09-02 | 2025-09-11 | 2025-06-10 | $0.04 | Monthly |
| 2025-08-01 | 2025-08-01 | 2025-08-12 | 2025-06-10 | $0.04 | Monthly |
| 2025-07-01 | 2025-07-01 | 2025-07-10 | 2025-06-10 | $0.04 | Monthly |
| 2025-06-02 | 2025-06-02 | 2025-06-12 | 2025-03-06 | $0.04 | Monthly |
| 2025-05-01 | 2025-05-01 | 2025-05-13 | 2025-03-06 | $0.04 | Monthly |
| 2025-04-01 | 2025-04-01 | 2025-04-10 | 2025-03-06 | $0.04 | Irregular |
| 2025-03-03 | 2025-03-03 | 2025-03-11 | 2024-12-04 | $0.04 | Monthly |
| 2025-02-03 | 2025-02-03 | 2025-02-11 | 2024-12-04 | $0.04 | Monthly |
| 2025-01-02 | 2025-01-02 | 2025-01-14 | 2024-12-04 | $0.04 | Monthly |
| 2024-12-03 | 2024-12-03 | 2024-12-12 | 2024-09-04 | $0.04 | Monthly |
| 2024-11-04 | 2024-11-04 | 2024-11-14 | 2024-09-04 | $0.04 | Monthly |
| 2024-10-02 | 2024-10-02 | 2024-10-10 | 2024-09-04 | $0.04 | Monthly |
| 2024-09-04 | 2024-09-04 | 2024-09-12 | 2024-06-10 | $0.04 | Monthly |
| 2024-08-02 | 2024-08-02 | 2024-08-14 | 2024-06-10 | $0.04 | Monthly |
| 2024-07-05 | 2024-07-05 | 2024-07-11 | 2024-06-10 | $0.04 | Monthly |
| 2024-06-04 | 2024-06-04 | 2024-06-13 | 2024-03-05 | $0.04 | Monthly |
| 2024-05-01 | 2024-05-02 | 2024-05-14 | 2024-03-05 | $0.04 | Monthly |
| 2024-04-01 | 2024-04-02 | 2024-04-11 | 2024-03-05 | $0.04 | Monthly |
| 2024-03-01 | 2024-03-04 | 2024-03-14 | 2023-12-05 | $0.04 | Monthly |
Coverage (payout of operating cash flow): 55.16%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.