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Whitestone REIT (WSR) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Whitestone REIT (WSR) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Whitestone REIT is a self-managed, fully integrated real estate investment trust that owns, manages and redevelops portfolio of neighborhood, community and lifestyle retail centers. Its property portfolio includes retail and office/flex properties. Whitestone REIT has a market cap of $473.360 million; its shares were traded at around $11.90 with a P/E ratio of 22.86 and P/S ratio of 3.56. The dividend yield of Whitestone REIT stocks is 9.59%. Whitestone REIT had annual average EBITDA growth of 4.90% over the past five years.


For the last quarter Whitestone REIT reported a revenue of $18.6 million, compared with the revenue of $33.83 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $119.9 million, a decrease of 4.8% from the previous year. For the last five years Whitestone REIT had an average revenue growth rate of 16% a year.

The reported diluted earnings per share was 52 cents for the year, an increase of 136.4% from previous year. Over the last five years Whitestone REIT had an EPS growth rate of 11.3% a year. The Whitestone REIT enjoyed an operating margin of 27.93%, compared with the operating margin of 25.93% a year before. The 10-year historical median operating margin of Whitestone REIT is 22.89%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Whitestone REIT has the cash and cash equivalents of $13.7 million, compared with $7.82 million in the previous year. The long term debt was $618.2 million. The interest coverage to the debt is 1.3, which is not a favorable level. Whitestone REIT has a financial strength rank of 4 (out of 10).

At the current stock price of $11.90, Whitestone REIT is traded at close to its historical median P/S valuation band of $12.74. The P/S ratio of the stock is 3.56, while the historical median P/S ratio is 3.79. The stock gained 23.02% during the past 12 months.

For the complete 20-year historical financial data of WSR, click here.

This article first appeared on GuruFocus.