Whitestone REIT: Weighing Potential Amid Risks

Nov. 15, 2024 2:43 AM ETWhitestone REIT (WSR) Stock
Elias Mouawad profile picture
Elias Mouawad
52 Followers
(12min)

Summary

  • Whitestone REIT has delivered over 35% total returns since November 2023, with a current forward yield of 3.44% and a low P/FFO multiple of 14.62x.
  • Looking at WSR stock, I can see a compelling entry point in terms of the valuations relative to other peers such as KIM, REG and FRT.
  • However, diving deeper a bit more, I will also identify some reasons why the discount could be justified.
  • I recommend holding WSR for diversification, given the sector's recent rally.

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Klaus Vedfelt

It was a great time to buy Whitestone REIT (NYSE:WSR) back in November 2023, when the current yield stood above 4.5% and the growth outlook seemed strong enough to deliver strong total return performance. Since then, WSR has registered more

This article was written by

Elias Mouawad profile picture
52 Followers
Full time trader and investor. Instead of lengthy and boring articles, I prefer writing concise arguments about value stocks. My goal is to identify great entry levels. Prices that you can remember years later and say "it was a great time to buy". My focus is on quality US large caps but may invest in mid caps occasionally. Dividends are good, but capital appreciation matters. Finding a balance between both is an art. I like to apply famous Warren Buffet principles. Investing is simple but not easy. Unlike other authors, I don't fall in love with a company. Just buy when there is blood in the streets. We need the patience of a monk and unfortunately, most people can't afford to wait. Unlike those persons, I have a strong ability to control my emotions. This is clearly a big advantage in stock investing. It's not your education but waiting that gives you an edge in the stock market. Don't buy a stock for ten minutes if you're not willing to own it for ten years. In addition to the oracle of Omaha, I have a great respect for Jim Simons. My purpose on Seeking Alpha is to give readers accurate recommendations to buy quality stocks at the right time. My challenge is to keep a long and successful track record. Most importantly, I am humble enough to admit any mistake and respect differing opinions. I have been following several authors on Seeking Alpha and witnessed the expansion of the website. Enough info let's get ready to rumble!

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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