Peter Tropoli on real estate strategy
From Whitestone REIT CEO on its focus on smaller space tenants and goals for next 12-18 months · · New York Stock Exchange
“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.”
On , Peter Tropoli, General Counsel & Corporate Secretary at WHITESTONE REIT, spoke about real estate strategy during Whitestone REIT CEO on its focus on smaller space tenants and goals for next 12-18 months on New York Stock Exchange.
About Peter Tropoli
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.