Whitestone REIT Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 20, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	786	718	609	476	498	338
Market Cap Growth	15.86%	17.76%	28.00%	-4.31%	47.38%	-39.01%
Enterprise Value	1,424	1,356	1,233	1,110	1,122	988
Last Close Price	15.22	13.59	11.35	8.47	8.52	6.39
Price/FFO Ratio	11.80	13.87	12.90	-	-	-
Price/AFFO Ratio	-	13.94	12.88	-	-	-
PE Ratio	17.75	19.45	31.77	13.50	41.29	55.94
PS Ratio	4.98	4.65	4.23	3.41	3.95	2.84
PB Ratio	1.77	1.62	1.45	1.12	1.25	1.00
P/OCF Ratio	14.84	12.33	12.80	10.72	10.58	7.89
EV/Sales Ratio	9.02	8.79	8.57	7.94	8.90	8.31
EV/EBITDA Ratio	16.06	15.92	15.94	14.15	17.50	16.74
EV/EBIT Ratio	26.51	27.01	27.82	23.76	31.90	32.14
Debt / Equity Ratio	1.45	1.43	1.53	1.48	1.63	1.95
Debt / EBITDA Ratio	7.25	7.42	8.27	7.93	9.98	10.97
Net Debt / Equity Ratio	1.43	1.40	1.51	1.45	1.59	1.87
Net Debt / EBITDA Ratio	7.19	7.29	8.19	7.83	9.89	10.73
Asset Turnover	0.14	0.14	0.13	0.13	0.12	0.11
Quick Ratio	1.53	1.85	0.39	0.62	0.13	1.22
Current Ratio	1.69	2.13	0.63	0.85	0.17	1.49
Return on Equity (ROE)	10.34%	8.66%	4.61%	8.70%	2.83%	1.78%
Return on Assets (ROA)	2.97%	2.79%	2.50%	2.65%	2.05%	1.83%
Return on Invested Capital (ROIC)	4.84%	4.64%	4.11%	4.40%	3.31%	2.89%
Earnings Yield	5.65%	5.14%	3.15%	7.41%	2.42%	1.79%
Dividend Yield	3.75%	3.61%	4.23%	5.52%	5.03%	9.39%
Payout Ratio	62.98%	66.60%	123.48%	65.09%	160.36%	417.68%
Buyback Yield / Dilution	-1.16%	-1.05%	-1.73%	-7.80%	-7.78%	-3.69%
Total Shareholder Return	2.65%	2.56%	2.50%	-2.28%	-2.76%	5.70%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q