Whitestone REIT

WSR: Is Whitestone REIT Halal?

Whitestone REIT

NYSEReal EstateUS

$18.99

+0.00%

Market Cap: 976.0M

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Whitestone REIT (WSR) halal? Not Halal. Based on AAOIFI screening, Whitestone REIT passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Whitestone REIT (WSR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/WSR

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

66.0% of 30.0% limit

What this means for you

Most scholars advise not holding WSR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Whitestone REIT

Whitestone operates as a real estate investment trust (REIT) focused on enhancing local communities through its retail properties. The company strategically acquires, develops, manages, and repositions high-quality, open-air neighborhood retail hubs. Its portfolio is primarily concentrated in the most dynamic, rapidly expanding, and affluent markets across the Sunbelt region. Whitestone's core mission is to cultivate thriving community environments. It achieves this by fostering strong local connections between residents and a thoughtfully curated blend of national, regional, and independent businesses, which collectively offer essential goods, vital services, leisure activities, and unique experiences. For investors, Whitestone provides a reliable monthly dividend, a practice it has maintained consistently for more than 15 years. Underpinning this strategy is a robust and well-managed capital structure. This foundation not only ensures financial stability and flexibility for ongoing growth but also positions the company for resilience and sustained performance across various economic cycles.

Sector: Real Estate · Industry: REIT - Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Whitestone REIT (WSR) halal to invest in?
Whitestone REIT (WSR) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Whitestone REIT get a F compliance rating?
Whitestone REIT (WSR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 66.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Whitestone REIT's Shariah verdict?
Whitestone REIT's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Whitestone REIT re-screened for Shariah compliance?
Whitestone REIT (WSR) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Sep 3, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.