Whitestone REIT WSR
Whitestone REIT is a Maryland real estate investment trust that owns and operates community-centered retail properties in culturally diverse neighborhoods in major metropolitan areas. As of December 31, 2025, the company wholly-owned a portfolio of 56 properties containing approximately 4.9 million square feet of gross leasable area located in Texas and Arizona, with properties in Houston (10), Dallas (11), San Antonio (3), Austin (7), and the Scottsdale and Phoenix metropolitan areas (25). The company's consolidated property portfolio had a gross book value of approximately $1.4 billion as of December 31, 2025, and the company generated total revenues of approximately $161 million for the year ended December 31, 2025. The company is internally managed, directly manages the operations and leasing of its properties, and substantially derives revenues from base rents under varying term leases.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-03-06 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Core FFO / leverage are from the Q4 2025 earnings release (filed 2026-02-25) — 8-K, EX-99.1 ✓ Verified to filing.
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.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model WSR yourself — any amount, shares, per-payment & a multi-year DRIP projection →
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
Recent regular dividends per share (special distributions excluded), oldest → newest.
| 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).
Recent news — WSR
Whitestone REIT Shareholders Approve AREG Merger, Reject Executive Pay Plan
Whitestone REIT Shareholders Approve Acquisition by Ares
Why Whitestone (WSR) is a Great Dividend Stock Right Now
Midera Food Processing and Centrus Energy Set to Join S&P SmallCap 600
Western Star Resources Provides Corporate Update and Announces Official Stocktwits Account
Western Star Resources Mobilises to the Past Producing White Star Tungsten Project and Commences Drone Geophysics
Western Star Resources Mobilises to the Past Producing White Star Tungsten Project and Commences Drone Geophysics
Why Whitestone (WSR) is a Top Dividend Stock for Your Portfolio
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Retail REITs
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.