Whitestone REIT (WSR) Bundle
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 PositionWhitestone 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 |
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 Metric | 2024 Value |
---|---|
Market Capitalization | $612 million |
Dividend Yield | 8.7% |
Total Revenue | $202.3 million |
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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