Whitestone REIT (WSR) Bundle
A Brief History of Whitestone REIT (WSR)
Company Overview
Whitestone REIT (NYSE: WSR) is a real estate investment trust headquartered in Houston, Texas. As of 2024, the company focuses on acquiring, owning, and operating commercial properties.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Total Assets | $1.2 billion |
| Market Capitalization | $385 million |
| Annual Revenue | $156.4 million |
| Dividend Yield | 6.8% |
Property Portfolio
- Total Properties: 62
- Total Rentable Square Feet: 5.1 million
- Geographic Focus: Arizona, Texas, and Illinois
Occupancy Rates
| Property Type | Occupancy Percentage |
|---|---|
| Retail | 92.3% |
| Office | 87.5% |
Stock Performance
NYSE Trading Symbol: WSR
2023 Stock Price Range: $4.50 - $7.20
Leadership
- CEO: Peter Haas
- CFO: Mark Winmill
A Who Owns Whitestone REIT (WSR)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 4,672,828 | 15.23% |
| BlackRock Inc. | 3,241,579 | 10.57% |
| Dimensional Fund Advisors LP | 2,687,405 | 8.76% |
Top Insider Owners
- Peter Bodine - President and COO
- Dave Holeman - CEO and Director
- Jim Mastandrea - Chairman
Ownership Distribution
Public Float: 28,934,172 shares
Institutional Ownership Percentage: 62.4%
Ownership Breakdown
| Category | Percentage |
|---|---|
| Institutional Investors | 62.4% |
| Insider Ownership | 3.2% |
| Retail Investors | 34.4% |
Whitestone REIT (WSR) Mission Statement
Company Overview
Whitestone REIT (NYSE: WSR) is a commercial real estate company focused on owning and operating high-quality, community-centered retail properties.
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $365.4 million |
| Total Assets | $1.1 billion |
| Annual Revenue | $202.3 million |
Strategic Focus Areas
- Community-centric retail properties
- Predominantly Texas and Arizona markets
- Necessity-based retail centers
Property Portfolio Composition
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Retail Centers | 57 | 4.1 million |
| Grocery-Anchored Centers | 32 | 2.3 million |
Corporate Objectives
Primary objectives include:
- Maintain high occupancy rates
- Generate consistent cash flow
- Provide shareholder value
Financial Performance
| Metric | 2023 Performance |
|---|---|
| Funds from Operations (FFO) | $74.6 million |
| Dividend Yield | 8.2% |
| Occupancy Rate | 92.3% |
How Whitestone REIT (WSR) Works
Company Overview
Whitestone REIT (WSR) is a publicly traded real estate investment trust focused on acquiring, owning, and operating commercial properties. As of Q4 2023, the company manages a portfolio of 57 properties totaling 6.1 million square feet primarily located in Arizona and Texas.
Property Portfolio Breakdown
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Retail Centers | 47 | 5.2 million sq ft |
| Office Properties | 10 | 900,000 sq ft |
Financial Performance
As of December 31, 2023, Whitestone REIT reported:
- Total Revenue: $119.4 million
- Net Operating Income: $72.6 million
- Funds from Operations (FFO): $45.3 million
- Dividend Yield: 6.8%
Geographic Distribution
| State | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Texas | 35 | 61.4% |
| Arizona | 22 | 38.6% |
Tenant Composition
Tenant mix as of 2024:
- Grocery-Anchored Centers: 42%
- Service-Based Businesses: 28%
- Restaurants: 18%
- Specialty Retail: 12%
Occupancy Rates
Current occupancy rates: 92.3% across the entire portfolio
Market Capitalization
As of January 2024: $564.2 million
How Whitestone REIT (WSR) Makes Money
Revenue Streams
Whitestone REIT generates income through commercial real estate leasing and property management. As of Q4 2023, the company owned 63 commercial properties totaling 6.7 million square feet primarily located in Arizona and Texas.
| Income Category | Annual Revenue |
|---|---|
| Rental Income | $157.3 million |
| Property Management Fees | $4.2 million |
| Total Revenue | $161.5 million |
Property Portfolio Composition
Whitestone REIT focuses on necessity-based retail and service-oriented properties.
- Grocery-anchored centers: 45%
- Service-based properties: 35%
- Specialty retail: 20%
Occupancy and Lease Details
As of December 31, 2023, the company maintained a 92.4% occupancy rate across its portfolio.
| Lease Metric | Value |
|---|---|
| Average Lease Term | 4.7 years |
| Weighted Average Rental Rate | $22.35 per square foot |
Geographic Revenue Distribution
- Arizona: 52% of total revenue
- Texas: 48% of total revenue
Financial Performance
For fiscal year 2023, Whitestone REIT reported:
| Financial Metric | Amount |
|---|---|
| Funds from Operations (FFO) | $64.2 million |
| Net Operating Income | $133.6 million |
| Dividend Yield | 7.2% |
Whitestone REIT (WSR) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.