Whitestone REIT Management
Management criteria checks 3/4
Whitestone REIT's CEO is Dave Holeman, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is $1.36M, comprised of 34.3% salary and 65.7% bonuses, including company stock and options. directly owns 1.24% of the company’s shares, worth $7.78M. The average tenure of the management team and the board of directors is 2.3 years and 2 years respectively.
Key information
Dave Holeman
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 34.3% |
| CEO tenure | 2.3yrs |
| CEO ownership | 1.2% |
| Management average tenure | 2.3yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Whitestone REIT: Undersupplied Submarkets Portend Growth
Apr 22Whitestone REIT: A Concentrated REIT With A 4.4% Yield
Apr 15Whitestone REIT: 4.1% Dividend Yield, Recent Hike And Sunbelt Focus
Mar 09Whitestone REIT: Positioned To Benefit From Bidenomics
Dec 21Whitestone REIT: A More Clear Buy After Q3 Results
Nov 06Whitestone REIT: An Undervalued REIT With A 4.9% Yield
Sep 06Whitestone REIT: Q2 Results Confirm A Buy Thesis
Aug 03Whitestone REIT: Acceptable Yield And Upside Potential
Jul 17Whitestone REIT: Crisis Resistant Retail Trading 50 Cents On The Dollar
Jun 06Whitestone REIT: Weighing The Pros And Cons
Feb 08Real Estate At 50 Cents On The Dollar: The Case For Whitestone REIT
Jan 05Whitestone REIT acquires Lake Woodlands Crossing
Dec 22Whitestone REIT signs lease agreement with EoS Fitness
Dec 09Whitestone REIT FFO of $0.24 in-line, revenue of $35.38M beats by $0.25M
Nov 01Whitestone REIT amends and extends $515 million credit facility
Sep 19Whitestone REIT: Too Cheap To Ignore
Aug 27Whitestone REIT FFO of $0.25 beats by $0.01, revenue of $35M beats by $0.74M
Aug 02CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$25m |
| Dec 31 2023 | US$1m | US$467k | US$19m |
| Sep 30 2023 | n/a | n/a | US$38m |
| Jun 30 2023 | n/a | n/a | US$39m |
| Mar 31 2023 | n/a | n/a | US$32m |
| Dec 31 2022 | US$2m | US$434k | US$35m |
| Sep 30 2022 | n/a | n/a | US$18m |
| Jun 30 2022 | n/a | n/a | US$17m |
| Mar 31 2022 | n/a | n/a | US$16m |
| Dec 31 2021 | US$2m | US$405k | US$10m |
| Sep 30 2021 | n/a | n/a | US$11m |
| Jun 30 2021 | n/a | n/a | US$9m |
| Mar 31 2021 | n/a | n/a | US$6m |
| Dec 31 2020 | US$2m | US$375k | US$6m |
| Sep 30 2020 | n/a | n/a | US$19m |
| Jun 30 2020 | n/a | n/a | US$20m |
| Mar 31 2020 | n/a | n/a | US$22m |
| Dec 31 2019 | US$1m | US$375k | US$23m |
| Sep 30 2019 | n/a | n/a | US$16m |
| Jun 30 2019 | n/a | n/a | US$21m |
| Mar 31 2019 | n/a | n/a | US$21m |
| Dec 31 2018 | US$1m | US$375k | US$21m |
| Sep 30 2018 | n/a | n/a | US$15m |
| Jun 30 2018 | n/a | n/a | US$10m |
| Mar 31 2018 | n/a | n/a | US$10m |
| Dec 31 2017 | US$738k | US$250k | US$8m |
Compensation vs Market: Dave's total compensation ($USD1.36M) is below average for companies of similar size in the US market ($USD3.40M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
CEO
Dave Holeman (60 yo)
2.3yrs
Tenure
US$1,362,527
Compensation
Mr. David K. Holeman, also known as Dave, CPA, has been the Chief Executive Officer since January 18, 2022 an Director since May 2022 at Whitestone REIT and served as its Chief Financial Officer since Nove...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.3yrs | US$1.36m | 1.24% $ 7.8m | |
| Chief Financial Officer | 2.3yrs | US$687.65k | 0.28% $ 1.7m | |
| Chief Operating Officer | 2.3yrs | US$895.08k | 0.65% $ 4.1m | |
| General Counsel & Corporate Secretary | 4.5yrs | US$697.92k | 0.17% $ 1.1m | |
| Vice President of Human Resources | 10.3yrs | US$488.03k | 0.084% $ 527.9k | |
| Director of Investor Relations | 2.3yrs | no data | no data | |
| Regional Senior Vice President of Arizona | 2.1yrs | no data | no data | |
| Regional Senior Vice President of Dallas & Austin | no data | no data | no data | |
| Controller | 2.3yrs | no data | no data |
2.3yrs
Average Tenure
53yo
Average Age
Experienced Management: WSR's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2yrs | US$1.36m | 1.24% $ 7.8m | |
| Independent Trustee | 4.3yrs | US$125.01k | 0.055% $ 342.9k | |
| Independent Director | 1.8yrs | US$122.01k | 0.035% $ 219.6k | |
| Independent Director | less than a year | US$67.97k | 0.0062% $ 38.9k | |
| Director | no data | no data | no data | |
| Independent Trustee | 6.7yrs | US$122.01k | 0.072% $ 454.2k | |
| Independent Chairman of the Board & Lead Independent Trustee | 7.2yrs | US$136.51k | 0.069% $ 434.2k |
2.0yrs
Average Tenure
60yo
Average Age
Experienced Board: WSR's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.