Is Whitestone REIT overvalued or undervalued?

As of 31 October 2025, Whitestone REIT's valuation grade has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company appears to be undervalued, supported by a P/E ratio of 40, which is lower than the industry average, and an EV to EBITDA ratio of 13.57, suggesting that it is trading at a reasonable multiple relative to its earnings before interest, taxes, depreciation, and amortization. Additionally, the PEG ratio stands at 1.67, reinforcing the notion that the stock is undervalued when considering its growth prospects.
In comparison to its peers, Whitestone REIT's P/E ratio of 39.17 is more favorable than TPG RE Finance Trust, Inc. at 11.75 and Gladstone Commercial Corp. at 20.11, both of which also have attractive valuations. Notably, while Whitestone REIT has underperformed the S&P 500 year-to-date and over the past year, it has shown resilience with a 5-year return of 110.40%, slightly outperforming the index's 109.18%. This performance, combined with its attractive valuation metrics, suggests that Whitestone REIT may present a compelling investment opportunity.