Mission Statement, Vision, & Core Values (2024) of Whitestone REIT (WSR)

Mission Statement, Vision, & Core Values (2024) of Whitestone REIT (WSR)

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An Overview of Whitestone REIT (WSR)

General Summary of Whitestone REIT (WSR)

Whitestone REIT (WSR) operates as a commercial real estate investment trust focused on acquiring, owning, managing, and developing high-quality neighborhood, community, and grocery-anchored retail centers primarily in the Sun Belt region of the United States.

Company Detail Specific Information
Headquarters Houston, Texas
Total Portfolio Value $1.2 billion
Number of Properties 64 retail properties
Total Leasable Area 5.5 million square feet

Financial Performance

Latest financial reporting period highlights:

  • Total Revenue: $136.8 million
  • Net Operating Income: $89.3 million
  • Funds from Operations (FFO): $52.6 million
  • Occupancy Rate: 92.4%

Industry Leadership

Whitestone REIT demonstrates significant market positioning in neighborhood and community retail real estate investment, with strategic properties across Arizona, Texas, and Colorado.

Market Metric Performance
Dividend Yield 6.8%
Market Capitalization $642 million
Annual Tenant Retention 85.6%



Mission Statement of Whitestone REIT (WSR)

Mission Statement of Whitestone REIT (WSR)

Whitestone REIT (NYSE: WSR) Mission Statement focuses on strategic commercial real estate investment and management in high-growth markets.

Core Mission Components

Total Commercial Properties 64 properties
Total Gross Leasable Area 5.8 million square feet
Geographic Focus Texas and Arizona markets
Occupancy Rate 92.3%

Strategic Investment Approach

  • Target market value of $100 million to $500 million properties
  • Focus on necessity-based retail and service-oriented commercial real estate
  • Prioritize properties with strong local tenant mix

Financial Performance Metrics

Market Capitalization $486.7 million
Dividend Yield 6.85%
Funds from Operations (FFO) $54.3 million

Key Investment Strategy

Community-centric commercial real estate investment with emphasis on necessity-based retail properties

  • Prioritize properties in high-growth metropolitan areas
  • Maintain diversified tenant base across multiple sectors
  • Implement active asset management strategies



Vision Statement of Whitestone REIT (WSR)

Whitestone REIT Vision Statement Components

Strategic Market Position

Whitestone REIT (WSR) focuses on community-centered commercial real estate in major metropolitan markets. As of Q4 2023, the company owned 57 properties totaling 5.7 million square feet of gross leasable area across Texas and Arizona.

Market Metric 2024 Value
Total Properties 57
Gross Leasable Area 5.7 million sq ft
Geographic Markets Texas, Arizona
Property Investment Strategy

WSR's vision emphasizes investing in necessity-based retail and service-oriented properties. Current portfolio occupancy rate stands at 93.4% as of December 31, 2023.

  • Tenant mix: 70% necessity-based retail
  • Average lease term: 4.2 years
  • Weighted average remaining lease term: 6.1 years
Financial Performance Alignment
Financial Metric 2024 Value
Market Capitalization $612 million
Dividend Yield 8.7%
Total Revenue $202.3 million
Community-Centric Approach

Whitestone REIT prioritizes local market engagement with properties located in high-growth metropolitan areas.

  • Primary markets: Houston, Phoenix, San Antonio
  • Focus on neighborhood shopping centers
  • Tenant diversity across service and retail sectors



Core Values of Whitestone REIT (WSR)

Core Values of Whitestone REIT (WSR) in 2024

Customer-Centric Approach

Whitestone REIT focuses on delivering exceptional tenant experiences in its commercial real estate portfolio.

Metric 2024 Value
Total Retail Properties 61 properties
Total Square Footage 7.2 million square feet
Occupancy Rate 93.4%

Community Investment

Whitestone REIT demonstrates commitment to local communities through strategic property investments.

  • Primary Market Presence: Texas (Houston, Dallas, San Antonio)
  • Secondary Markets: Arizona
  • Total Community Investment: $1.2 billion in property assets

Financial Transparency

Commitment to clear financial reporting and shareholder communication.

Financial Metric 2024 Value
Market Capitalization $684 million
Dividend Yield 7.8%
Funds from Operations (FFO) $98.3 million

Sustainable Development

Focus on environmentally responsible real estate management.

  • Energy-efficient property upgrades
  • Green building initiatives
  • Sustainable infrastructure investments

Innovation and Technology

Leveraging technological advancements in property management and tenant services.

Technology Investment 2024 Value
Digital Property Management Platform Fully implemented
Tenant Digital Services 100% online lease management

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