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
Whitestone REIT: Weighing Potential Amid Risks
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.
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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