Whitestone REIT (WSR) shares the following CEO letter with shareholders: “At Whitestone, we are closing the year continuing to prove the value of our differentiated strategy and ability to execute. The value of our assets is steadily climbing as we show what a portfolio of high-return shop space can deliver when properly anchored to the community. Our strong results continue to underscore that our strategy is the right one. Our success is reflected not only in best-in-class Total Shareholder Return over the last 3 years, but also in a steadily increasing assessment of the value of our assets by analysts and investors. We have been deliberate and direct in communicating the key components of our strategy: 75% of ABR coming from high-growth, high-return optimally sized shop space, Shorter leases, with an average lease term of 4 years, allowing for quicker capture of mark-to-market rents, A dedicated leasing team trained to leverage technology and utilize strong underwriting skills to constantly evaluate and refresh tenants… We are proud of all that we have achieved over the last year and energized by the opportunities ahead as we move into 2025 with great momentum. We look forward to providing you with a comprehensive update on 2024 and our 2025 guidance in early March.”
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Read More on WSR:
- Whitestone REIT signs lease with EoS Fitness in San Antonio
- Whitestone REIT increases quarterly dividend 9% to 13.5c per share
- Whitestone REIT price target raised to $16 from $15 at Truist
- MCB withdraws proposal to acquire Whitestone REIT
- Whitestone REIT Strengthens Board with New Appointments
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
