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WSR (Whitestone REIT) Stock Financials & Earnings | Market Cap Arena
WSR
Whitestone REIT
Mkt Cap
$829M
Real Estate
·
REIT - Retail
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$162M
Net Income (TTM)
$50M
EPS (TTM)
$0.95
Free Cash Flow (TTM)
$35M
Gross Margin
69.0%
Op. Margin
33.2%
Net Margin
30.9%
FCF Margin
21.7%
P/S Ratio (TTM)
5.1x
P/E Ratio (TTM)
16.6x
YoY Rev Growth
+3.9%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$36M
$25M
$20M
Q2 23
$35M
$24M
$19M
Q3 23
$38M
$26M
$0
Q4 23
$38M
$17M
$14M
Q1 24
$38M
$27M
$12M
Q2 24
$38M
$27M
$12M
Q3 24
$39M
$27M
$13M
Q4 24
$41M
$29M
$14M
Q1 25
$38M
$27M
$12M
Q2 25
$38M
$27M
$14M
Q3 25
$41M
$28M
$14M
Q4 25
$44M
$29M
$13M
marketcaparena.com
Revenue Breakdown
WSR
Whitestone REIT
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
5.9x
25.9x
Q2 23
5.9x
21.2x
Q3 23
5.8x
22.0x
Q4 23
5.7x
43.2x
Q1 24
5.6x
33.6x
Q2 24
5.5x
51.9x
Q3 24
5.5x
39.3x
Q4 24
5.3x
22.5x
Q1 25
5.3x
26.5x
Q2 25
5.3x
24.6x
Q3 25
5.2x
18.7x
Q4 25
5.1x
16.6x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$5M
$5M
Q2 23
$17M
$17M
Q3 23
$14M
$14M
Q4 23
$12M
$12M
Q1 24
$12M
$12M
Q2 24
$12M
$12M
Q3 24
$16M
$16M
Q4 24
$18M
$18M
Q1 25
$3M
$3M
Q2 25
$14M
$14M
Q3 25
$18M
$18M
Q4 25
$16M
$233K
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$0
Q2 23
$0
Q3 23
$0
Q4 23
$0
Q1 24
$0
Q2 24
$0
Q3 24
$0
Q4 24
$0
Q1 25
$0
Q2 25
$0
Q3 25
$0
Q4 25
$16M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+3.6%
+20.8%
Q2 23
+1.7%
-30.2%
Q3 23
+5.8%
+125.2%
Q4 23
+7.6%
+54.1%
Q1 24
+5.9%
+61.0%
Q2 24
+6.4%
+54.4%
Q3 24
+3.9%
-30.9%
Q4 24
+9.3%
+13.5%
Q1 25
+1.5%
+1.8%
Q2 25
+1.5%
-5.5%
Q3 25
+5.3%
+3.8%
Q4 25
+7.0%
+14.8%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$755K
2.1%
Q2 23
$725K
2.0%
Q3 23
$1M
2.7%
Q4 23
$1M
3.3%
Q1 24
$936K
2.5%
Q2 24
$763K
2.0%
Q3 24
$1M
3.0%
Q4 24
$2M
4.3%
Q1 25
$981K
2.6%
Q2 25
$980K
2.6%
Q3 25
$1M
3.2%
Q4 25
$2M
4.6%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$5M
Q2 23
$5M
Q3 23
$5M
Q4 23
$5M
Q1 24
$6M
Q2 24
$7M
Q3 24
$5M
Q4 24
$6M
Q1 25
$5M
Q2 25
$5M
Q3 25
$5M
Q4 25
$6M
marketcaparena.com
Revenue Segments
Operating Segments
Quarter
Operating Segments
Q2 25
$38M
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$14M
$0
$14M
Q2 23
$25M
$0
$25M
Q3 23
$14M
$0
$14M
Q4 23
$5M
$3M
$7M
Q1 24
$6M
$0
$6M
Q2 24
$3M
$0
$3M
Q3 24
$3M
$0
$3M
Q4 24
$5M
$0
$5M
Q1 25
$6M
$0
$6M
Q2 25
$5M
$0
$5M
Q3 25
$7M
$0
$7M
Q4 25
$5M
$0
$5M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
50M
+0.1%
Q2 23
50M
+0.2%
Q3 23
51M
+0.8%
Q4 23
51M
+0.8%
Q1 24
51M
+0.1%
Q2 24
51M
+0.0%
Q3 24
51M
+0.4%
Q4 24
52M
+1.1%
Q1 25
52M
+0.0%
Q2 25
52M
+0.0%
Q3 25
52M
+0.0%
Q4 25
52M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$894K
81
FY 15
$983K
95
FY 16
$985K
106
FY 17
$1M
103
FY 18
$1M
98
FY 19
$1M
108
FY 20
$1M
88
FY 21
$1M
86
FY 22
$2M
75
FY 23
$2M
79
FY 24
$2M
72
FY 25
$2M
72
marketcaparena.com