Whitestone REIT — Earnings Quality Grade F
WSR · Real Estate
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 38 days, change -2 days YoY
AR growth -1.5% vs revenue growth 4.0%
Revenue 4.0%, CFFO -12.8%. Cash follows revenue
Expense Quality
No material inventory
Insufficient data
SG&A/Gross Profit = 19.0%, excellent (<30%)
Gross margin 69.0%, change -1.4pp. Stable
Cash Flow Quality
CFFO/NI = 1.02. Profits backed by cash
FCF $0.1B, FCF/NI = 1.02
Accruals ratio = -0.1%. Low accruals
Cash $0.0B covers only 1% of debt $0.6B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 5.3x (>4x). Interest coverage = 1.6x (<2x). Financial stress
Other assets -56.2% vs revenue 4.0%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.44 (< -2.22). Unlikely manipulator
Portfolio monitoring
Monitor WSR continuously
The full checks and model details are free to read. Use Watchlist to track your holdings; Pro adds automatic quarterly rescoring, risk-event email alerts, scans up to 50 tickers, and export workflows.
Beneish M-Score
Altman Z-Score — Not Applicable
Whitestone REIT is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25