DOC vs. WSR

Last updated Apr 1, 2026

Compare and contrast key facts about Physicians Realty Trust (DOC) and Whitestone REIT (WSR).

Performance

DOC vs. WSR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Physicians Realty Trust (DOC) and Whitestone REIT (WSR). The values are adjusted to include any dividend payments, if applicable.

DOC vs. WSR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOC Physicians Realty Trust	4.03%	-15.17%	8.79%	-16.40%	-27.53%	23.74%	-7.69%	29.16%	13.69%	-7.70%
WSR Whitestone REIT	17.30%	2.17%	19.75%	33.96%	-0.54%	33.34%	-37.17%	20.34%	-6.80%	9.23%

Fundamentals

EPS DOC : $0.10 WSR : $1.44
PE Ratio DOC : 160.32 WSR : 11.18
PS Ratio DOC : 4.05 WSR : 3.46
Total Revenue (TTM) DOC : $2.82B WSR : $161.58M
Gross Profit (TTM) DOC : $1.69B WSR : $111.45M
EBITDA (TTM) DOC : $1.63B WSR : $120.15M

Returns By Period

In the year-to-date period, DOC achieves a 4.03% return, which is significantly lower than WSR's 17.30% return. Over the past 10 years, DOC has underperformed WSR with an annualized return of -1.53%, while WSR has yielded a comparatively higher 9.11% annualized return.

DOC

• 1D: -0.73%
• 1M: -6.52%
• YTD: 4.03%
• 6M: -11.10%
• 1Y: -12.89%
• 3Y*: -3.25%
• 5Y*: -8.02%
• 10Y*: -1.53%

WSR

• 1D: 0.31%
• 1M: 7.26%
• YTD: 17.30%
• 6M: 34.10%
• 1Y: 15.41%
• 3Y*: 25.78%
• 5Y*: 15.56%
• 10Y*: 9.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

DOC vs. WSR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DOC

DOC Risk / Return Rank: 18
DOC Sharpe Ratio Rank: 19
DOC Sortino Ratio Rank: 18
DOC Omega Ratio Rank: 19
DOC Calmar Ratio Rank: 17
DOC Martin Ratio Rank: 19

WSR

WSR Risk / Return Rank: 60
WSR Sharpe Ratio Rank: 66
WSR Sortino Ratio Rank: 59
WSR Omega Ratio Rank: 57
WSR Calmar Ratio Rank: 60
WSR Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DOC vs. WSR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Physicians Realty Trust (DOC) and Whitestone REIT (WSR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DOC	WSR	Difference
Sharpe ratio Return per unit of total volatility	-0.53	0.67	-1.19
Sortino ratio Return per unit of downside risk	-0.57	1.12	-1.69
Omega ratio Gain probability vs. loss probability	0.93	1.14	-0.21
Calmar ratio Return relative to maximum drawdown	-0.72	0.79	-1.51
Martin ratio Return relative to average drawdown	-1.22	1.47	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOC vs. WSR - Sharpe Ratio Comparison

The current DOC Sharpe Ratio is -0.53, which is lower than the WSR Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of DOC and WSR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DOC	WSR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	0.67	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.59	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.27	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.31	+0.01

Correlation

The correlation between DOC and WSR is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DOC vs. WSR - Dividend Comparison

DOC's dividend yield for the trailing twelve months is around 7.43%, more than WSR's 3.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOC Physicians Realty Trust	7.43%	7.59%	5.92%	6.06%	4.79%	3.33%	4.90%	4.29%	5.30%	5.67%	7.05%	5.91%
WSR Whitestone REIT	3.39%	3.89%	3.47%	3.91%	4.85%	4.22%	7.53%	7.67%	9.30%	7.91%	8.59%	9.49%

Drawdowns

DOC vs. WSR - Drawdown Comparison

The maximum DOC drawdown since its inception was -61.03%, roughly equal to the maximum WSR drawdown of -63.62%. Use the drawdown chart below to compare losses from any high point for DOC and WSR.

Drawdown Indicators

	DOC	WSR	Difference
Max Drawdown Largest peak-to-trough decline	-61.03%	-63.62%	+2.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-19.91%	+2.74%
Max Drawdown (5Y) Largest decline over 5 years	-54.07%	-37.72%	-16.35%
Max Drawdown (10Y) Largest decline over 10 years	-54.07%	-63.62%	+9.55%
Current Drawdown Current decline from peak	-42.86%	-2.48%	-40.38%
Average Drawdown Average peak-to-trough decline	-14.72%	-14.37%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.50%	10.72%	-0.22%

Volatility

DOC vs. WSR - Volatility Comparison

The current volatility for Physicians Realty Trust (DOC) is 7.20%, while Whitestone REIT (WSR) has a volatility of 7.98%. This indicates that DOC experiences smaller price fluctuations and is considered to be less risky than WSR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOC	WSR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	7.98%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	15.91%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	23.19%	+1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	26.40%	-1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.09%	34.24%	-5.15%

Financials

DOC vs. WSR - Profitability Comparison

The chart below illustrates the profitability comparison between Physicians Realty Trust and Whitestone REIT over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DOC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Physicians Realty Trust reported a gross profit of 431.55M and revenue of 719.40M. Therefore, the gross margin over that period was 60.0%.

WSR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Whitestone REIT reported a gross profit of 29.46M and revenue of 43.92M. Therefore, the gross margin over that period was 67.1%.

DOC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Physicians Realty Trust reported an operating income of -183.97M and revenue of 719.40M, resulting in an operating margin of -25.6%.

WSR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Whitestone REIT reported an operating income of 14.17M and revenue of 43.92M, resulting in an operating margin of 32.3%.

DOC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Physicians Realty Trust reported a net income of 113.97M and revenue of 719.40M, resulting in a net margin of 15.8%.

WSR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Whitestone REIT reported a net income of 22.84M and revenue of 43.92M, resulting in a net margin of 52.0%.