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Whitestone REIT (Whitestone REIT) E10 : $0.42 (As of Dec. 2023)


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What is Whitestone REIT E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Whitestone REIT's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.42 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Whitestone REIT's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was 14.50% per year. During the past 5 years, the average E10 Growth Rate was 8.70% per year. During the past 10 years, the average E10 Growth Rate was 1.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Whitestone REIT was 14.50% per year. The lowest was -21.10% per year. And the median was 3.70% per year.

As of today (2024-04-28), Whitestone REIT's current stock price is $11.37. Whitestone REIT's E10 for the quarter that ended in Dec. 2023 was $0.42. Whitestone REIT's Shiller PE Ratio of today is 27.07.

During the past 13 years, the highest Shiller PE Ratio of Whitestone REIT was 70.30. The lowest was 17.62. And the median was 39.93.


Whitestone REIT E10 Historical Data

The historical data trend for Whitestone REIT's E10 can be seen below:

* 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.

* Premium members only.

Whitestone REIT E10 Chart

Whitestone REIT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.28 0.31 0.40 0.42

Whitestone REIT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.41 0.43 0.43 0.42

Competitive Comparison of Whitestone REIT's E10

For the REIT - Retail subindustry, Whitestone REIT's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Whitestone REIT's Shiller PE Ratio falls into.



Whitestone REIT E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Whitestone REIT's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.03/129.4194*129.4194
=0.030

Current CPI (Dec. 2023) = 129.4194.

Whitestone REIT Quarterly Data

per share eps CPI Adj_EPS
201403 0.110 99.695 0.143
201406 0.050 100.560 0.064
201409 0.050 100.428 0.064
201412 0.120 99.070 0.157
201503 0.060 99.621 0.078
201506 0.060 100.684 0.077
201509 0.050 100.392 0.064
201512 0.070 99.792 0.091
201603 0.180 100.470 0.232
201606 0.050 101.688 0.064
201609 0.030 101.861 0.038
201612 0.010 101.863 0.013
201703 0.040 102.862 0.050
201706 0.050 103.349 0.063
201709 0.070 104.136 0.087
201712 0.050 104.011 0.062
201803 0.080 105.290 0.098
201806 0.050 106.317 0.061
201809 0.190 106.507 0.231
201812 0.210 105.998 0.256
201903 0.070 107.251 0.084
201906 0.080 108.070 0.096
201909 0.040 108.329 0.048
201912 0.370 108.420 0.442
202003 0.040 108.902 0.048
202006 0.010 108.767 0.012
202009 0.020 109.815 0.024
202012 0.070 109.897 0.082
202103 0.030 111.754 0.035
202106 0.120 114.631 0.135
202109 0.060 115.734 0.067
202112 0.050 117.630 0.055
202203 0.140 121.301 0.149
202206 0.090 125.017 0.093
202209 0.080 125.227 0.083
202212 0.400 125.222 0.413
202303 0.080 127.348 0.081
202306 0.220 128.729 0.221
202309 0.050 129.860 0.050
202312 0.030 129.419 0.030

Add all the adjusted EPS together and divide 10 will get our e10.


Whitestone REIT  (NYSE:WSR) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Whitestone REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.37/0.42
=27.07

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Whitestone REIT was 70.30. The lowest was 17.62. And the median was 39.93.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Whitestone REIT E10 Related Terms

Thank you for viewing the detailed overview of Whitestone REIT's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Whitestone REIT (Whitestone REIT) Business Description

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 metropolitan areas. Its property portfolio includes retail and office/flex properties. The company's properties are located in business-friendly locations in and around Austin, Chicago, Dallas-Fort Worth, Houston, Phoenix, and San Antonio. The organization derives revenue in the form of rental revenues.
Executives
Julia Bruns Buthman director 5414 BELMONT AVE., DALLAS TX 75206
Amy Shih-hua Feng director 305 2ND AVENUE, APT 534, NEW YORK NY 10003
Christine J Mastandrea officer: VP Strategy & Mkt Research 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
Soklin Siv officer: VP of Human Resources 4506 LAKE BARDWELL CT., RICHMOND TX 77406
John Scott Hogan officer: Chief Financial Officer 2311 SUN SHADOW LN, SPRING TX 77386
Peter Tropoli officer: General Counsel
Jeffrey Alan Jones director WHITESTONE REIT, 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
James C Mastandrea director, officer: CHAIRMAN & CEO 1240 HURON ROAD SUITE 301, CLEVELAND OH 44115
David F. Taylor director WHITESTONE REIT, 2600 SOUTH GESSNER ROAD, SUITE 500, HOUSTON TX 77063
Najeeb A Khan director PO BOX 1602, SOUTH BEND IN 46634
Nandita Berry director 2600 SOUTH GESSNER, SUITE 500, HOUSTON TX 77063
Paul T Lambert director
David K Holeman officer: CHIEF FINANCIAL OFFICER 20 GREENWAY PLAZA, SUITE 600, HOUSTON TX 77046
John J Dee officer: CHIEF OPERATING OFFICER
Kyle A Miller officer: Vice President of Operations 2600 SOUTH GESSNER ROAD SUITE 500, HOUSTON TX 77063

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