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