$Whitestone REIT (WSR.US)$Revenue in the past 5 years declin...
$Whitestone REIT (WSR.US)$Revenue in the past 5 years declined slowly in the first 3 years and grew in the last two years, with an average annual growth rate of 2% over 5 years. In 2022, there was an 11.2% increase, while operating profit had an average annual growth rate of 7.3% over 5 years, with a significant increase of 34.5% in 2022 due to decreased costs and expenses. Net income was greatly affected by gains from asset sales, experiencing a substantial increase of 1.9 times in 2022.
Revenue in the first half of 2023 increased by 5.1%, operating profit declined by 1.9%, and net income saw a significant growth of 33% primarily due to gains from asset sales.
Currently, the PE ratio is 13.7, TTM PE ratio is 12.4. If calculated based on the 5-year average net income of 0.02 billion, the PE ratio would be 24, with a PB ratio of 1.1 and a dividend yield of 5%, which is not very attractive.
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