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Whitestone REIT Financial Strength

: 3 (As of Jun. 2022)
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Whitestone REIT has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Whitestone REIT displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Whitestone REIT's Interest Coverage for the quarter that ended in Jun. 2022 was 1.73. Whitestone REIT's debt to revenue ratio for the quarter that ended in Jun. 2022 was 4.56. As of today, Whitestone REIT's Altman Z-Score is 0.44.


Competitive Comparison

For the REIT - Retail subindustry, Whitestone REIT's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Whitestone REIT Financial Strength Distribution

For the REITs industry and Real Estate sector, Whitestone REIT's Financial Strength distribution charts can be found below:

* The bar in red indicates where Whitestone REIT's Financial Strength falls into.



Whitestone REIT Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Whitestone REIT's Interest Expense for the months ended in Jun. 2022 was $-6.2 Mil. Its Operating Income for the months ended in Jun. 2022 was $10.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $638.0 Mil.

Whitestone REIT's Interest Coverage for the quarter that ended in Jun. 2022 is

Interest Coverage=-1*Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*10.755/-6.234
=1.73

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Whitestone REIT interest coverage is 1.69, which is low.

2. Debt to revenue ratio. The lower, the better.

Whitestone REIT's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 638.011) / 139.988
=4.56

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Whitestone REIT has a Z-score of 0.44, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.44 is in distress zone. This implies bankruptcy possibility in the next two years.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Whitestone REIT  (NYSE:WSR) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Whitestone REIT has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Whitestone REIT Financial Strength Related Terms

Thank you for viewing the detailed overview of Whitestone REIT's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Whitestone REIT Business Description

Whitestone REIT logo
Traded in Other Exchanges
N/A
Address
2600 South Gessner, Suite 500, Houston, TX, USA, 77063
Whitestone REIT is a real estate investment trust (REIT) engaged in owning and operating commercial properties in culturally diverse markets in major metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are primarily located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue primarily in the form of rental revenues.
Executives
Siv Soklin officer: VP of Human Resources 4506 LAKE BARDWELL CT. RICHMOND TX 77406
Hogan John Scott officer: Chief Financial Officer 2311 SUN SHADOW LN SPRING TX 77386
Tropoli Peter officer: General Counsel
Jones Jeffrey Alan director WHITESTONE REIT 2600 SOUTH GESSNER ROAD, SUITE 500 HOUSTON TX 77063
Khan Najeeb A director PO BOX 1602 SOUTH BEND IN 46634
Berry Nandita director 2600 SOUTH GESSNER, SUITE 500 HOUSTON TX 77063
Taylor David F. director WHITESTONE REIT 2600 SOUTH GESSNER ROAD, SUITE 500 HOUSTON TX 77063
Mastandrea Christine J officer: VP Strategy & Mkt Research 2600 SOUTH GESSNER ROAD, SUITE 500 HOUSTON TX 77063
Johnson Bradford D officer: VP, Acquisitions & Asset Mgmt 2600 SOUTH GESSNER ROAD SUITE 500 HOUSTON TX 77063
Miller Kyle A officer: Vice President of Operations 2600 SOUTH GESSNER ROAD SUITE 500 HOUSTON TX 77063
Lambert Paul T director
Rollnick Richard D. officer: SEE REMARKS 2600 SOUTH GESSNER, SUITE 500 HOUSTON TX 77063
Dee John J officer: CHIEF OPERATING OFFICER
Carter Daryl J director CAPRI CAPITAL LP 18301 VON KARMAN AVE STE 750 IRVIN CA 92612
Mahaffey Jack L director C/O HARTMAN MANAGEMENT INC 1450 W SAM HOUSTON PRKWAY N STE.100 HOUSTON TX 77057

Whitestone REIT Headlines

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