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Equiscale is operated by Syntellia LLC, a Delaware limited liability company.
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Whitestone REIT 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-Fort Worth, 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. Whitestone REIT was incorporated in 1998 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $162M | $121M | $50M | $51M | 10.9% | 4.0% | 35.3% |
| 2024 | $156M | $107M | $37M | $58M | 8.4% | 5.1% | 92.4% |
| 2023 | $148M | $86M | $19M | $48M | 4.6% | 5.2% | -45.6% |
| 2022 | $141M | $95M | $35M | $44M | 8.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 161.74 |
| Operating Revenue | 161.74 |
| Cost Of Revenue | 50.14 |
| Gross Profit | 111.60 |
| Operating Expense | 57.15 |
| Selling General And Administration | 21.22 |
| Total Expenses | 107.28 |
| Operating Income | 54.45 |
| EBITDA | 120.73 |
| Normalized EBITDA | 92.69 |
| EBIT | 84.71 |
| Interest Income | 0.14 |
| Interest Expense | 33.67 |
| Net Interest Income | -33.53 |
| Other Non Operating Income Expenses | 2.08 |
| Other Income Expense | 30.12 |
| Interest Income Non Operating | 0.14 |
| Interest Expense Non Operating | 33.67 |
| Net Non Operating Interest Income Expense | -33.53 |
| Pretax Income | 51.04 |
| Tax Provision | 0.48 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.26 |
| Net Income Continuous Operations | 50.56 |
| Net Income From Continuing And Discontinued Operation | 49.93 |
| Net Income From Continuing Operation Net Minority Interest | 49.93 |
| Net Income | 49.93 |
| Net Income Common Stockholders | 49.93 |
| Net Income Including Noncontrolling Interests | 50.56 |
| Normalized Income | 22.15 |
| Diluted NI Availto Com Stockholders | 49.93 |
| Basic Average Shares | 49.59 |
| Diluted Average Shares | 51.06 |
| Reconciled Depreciation | 36.02 |
| Reconciled Cost Of Revenue | 50.04 |
| Total Unusual Items | 28.04 |
| Total Unusual Items Excluding Goodwill | 28.04 |
| Minority Interests | -0.63 |
| Net Income Discontinuous Operations | - |
| Special Income Charges | -1.91 |
| Other Special Charges | 0.80 |
| Write Off | 0.88 |
| Gain On Sale Of Security | 29.96 |
| Depreciation Amortization Depletion Income Statement | 35.93 |
| Depreciation And Amortization In Income Statement | 35.93 |
| General And Administrative Expense | 21.22 |
| Other Gand A | 21.22 |
| Gain On Sale Of Ppe | -0.24 |
| Provision For Doubtful Accounts | - |
| Earnings From Equity Interest | 0 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Whitestone REITthis co. | WSR | $992M | 19.86↑ premium | 2.16 | 10.9% | 13.51 |
| Chimera Investment Corporation | CIM | $1.1B | 7.69 | 0.43 | 5.6% | - |
| Safehold Inc. | SAFE | $1.1B | 9.51 | 0.45 | 4.8% | 16.59 |
| eXp World Holdings, Inc. | EXPI | $1.1B | -47.26 | 4.42 | -9.4% | - |
| Service Properties Trust | SVC | $1.1B | -5.28 |
| - |
| - |
| - |
| - |
| 1.65 |
| -31.3% |
| 12.79 |
| Centerspace | CSR | $1.1B | 60.46 | 1.48 | 2.4% | 11.35 |
| MFA Financial, Inc. | MFA | $945M | 5.35 | 0.52 | 9.7% | - |
| JBG SMITH Properties | JBGS | $901M | -6.48 | 0.78 | -12.0% | 22.01 |
| PennyMac Mortgage Investment Trust | PMT | $889M | 10.34 | 0.47 | 4.6% | - |
| Peer Median | - | 6.52 | 0.65 | 3.5% | 14.69 | |