General Counsel & Corporate Secretary, Whitestone Reit
Search every verified Peter Tropoli interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Peter Tropoli, General Counsel and Corporate Secretary at Whitestone REIT, was referenced in a September 2024 interview with CEO David Holeman, who discussed the company's recent performance and strategy. Holeman stated that Whitestone REIT had undergone a "rough proxy contest," during which the company engaged extensively with shareholders. He described some claims by the dissident as "inaccurate and misleading," but added that the company is "not tone deaf" and has made progress, with plans for further announcements. Holeman also reported that Whitestone REIT had won "a couple litigation matters" and expected to collect on them in the coming months, which he said would help improve the company's balance sheet and lower its debt level. He noted that the company has attracted new institutional investors and emphasized a focus on financial discipline to provide consistent growth.
“We committed to strengthening our balance sheet, reducing our leverage, and then really exiting and monetizing our joint venture investment that we had. I'm really pleased to report that we've done very well on that over the last couple years and that's evidenced by our over 40% total shareholder return.”
“94% of our 1500 tenants occupy spaces less than 10,000 square feet. Those tenants make up 75% of our revenue and that's very intentional for us. If you compare us to a number of the other public REITs, that percentage would be about 50% for them; it's 75% for us, so very much focused on small spaces.”
“One trend we've seen that came out of the pandemic was today people work virtually much more than ever before, and so for Whitestone as an owner of neighborhood centers, we see people spend more time around their homes and we're benefiting from that trend.”
“Quality of revenue is very important to us. Raising our rental rates over time is strongly tied to the success of thriving businesses that drive traffic and grow. Today's environment for companies like Whitestone is as strong as I've ever seen.”
David Holeman, CEO of Whitestone REIT, joined Judy Shaw on #NYSEFloorTalk at the NYSE Texas Economic Summit to discuss ...
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