Whitestone REIT (WSR) Operating Expenses (2010 - 2026)
Whitestone REIT's (WSR) quarterly Operating Expenses came in at $28.5 million in Q1 2026, up 9.37% YoY from $26.0 million in Q1 2025, and down 4.29% on a QoQ basis from $29.7 million in Q4 2025.
Whitestone REIT (WSR) Operating Expenses (2010 - 2026) Analysis & Trends
Whitestone REIT (WSR) has 17 years of Operating Expenses data on file, last reported at $28.5 million in Q1 2026.
- Quarterly Operating Expenses rose 9.37% year-over-year to $28.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $109.7 million (up 4.97% YoY) and the FY2025 annual result came in at $107.3 million, up 3.1% from the prior year.
- Operating Expenses slipped to $28.5 million in Q1 2026, from $29.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $29.7 million in Q4 2025 to a low of $21.1 million in Q1 2022.
- A 5-year average of $25.4 million and a median of $25.4 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 246.12% — and 2025, when it fell 5.47%.
- Tracing WSR's Operating Expenses over 5 years: stood at $23.2 million in 2022, then advanced by 9.28% to $25.4 million in 2023, then advanced by 4.63% to $26.6 million in 2024, then advanced by 12.03% to $29.7 million in 2025, then declined by 4.29% to $28.5 million in 2026.
- The last three Operating Expenses figures came in at $28.5 million (Q1 2026), $29.7 million (Q4 2025), and $26.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 71.16 Bn | 71.16 Bn | 1.76 Bn | 900.79 Mn |
| 2 | Realty Income | 58.31 Bn | 58.31 Bn | - | 1.19 Bn |
| 3 | Kimco Realty | 16.12 Bn | 16.12 Bn | 455.67 Mn | 356.02 Mn |
| 4 | Regency Centers | 14.21 Bn | 14.21 Bn | - | 259.34 Mn |
| 5 | Federal Realty Investment Trust | 10.05 Bn | 10.05 Bn | 271.22 Mn | 217.66 Mn |
| 6 | Agree Realty | 8.86 Bn | 8.85 Bn | - | 112.31 Mn |
| 7 | Nnn Reit | 8.65 Bn | 8.65 Bn | - | 102.00 Mn |
| 8 | Macerich | 6.68 Bn | 6.68 Bn | 171.77 Mn | 277.43 Mn |
| 9 | Essential Properties Realty Trust | 6.67 Bn | 6.67 Bn | - | 62.12 Mn |
| 10 | Whitestone REIT | 975.97 Mn | 981.82 Mn | - | 28.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.47 Mn |
| Dec 31, 2025 | 29.75 Mn |
| Sep 30, 2025 | 26.93 Mn |
| Jun 30, 2025 | 24.58 Mn |
| Mar 31, 2025 | 26.03 Mn |
| Dec 31, 2024 | 26.55 Mn |
| Sep 30, 2024 | 25.94 Mn |
| Jun 30, 2024 | 26.00 Mn |
| Mar 31, 2024 | 25.57 Mn |
| Dec 31, 2023 | 25.38 Mn |
| Sep 30, 2023 | 25.28 Mn |
| Jun 30, 2023 | 25.20 Mn |
| Mar 31, 2023 | 23.72 Mn |
| Dec 31, 2022 | 23.22 Mn |
| Sep 30, 2022 | 24.55 Mn |
| Jun 30, 2022 | 24.24 Mn |
| Mar 31, 2022 | 21.05 Mn |
| Dec 31, 2021 | 24.54 Mn |
| Sep 30, 2021 | 23.39 Mn |
| Jun 30, 2021 | 21.44 Mn |