Whitestone REIT Management
Management criteria checks 3/4
Whitestone REIT's CEO is Dave Holeman, appointed in Jan 2022, has a tenure of 2.92 years. total yearly compensation is $1.36M, comprised of 34.3% salary and 65.7% bonuses, including company stock and options. directly owns 1.03% of the company’s shares, worth $7.50M. The average tenure of the management team and the board of directors is 2.9 years and 2 years respectively.
Key information
Dave Holeman
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 34.3% |
| CEO tenure | 2.9yrs |
| CEO ownership | 1.0% |
| Management average tenure | 2.9yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Whitestone REIT: Weighing Potential Amid Risks
Nov 15Whitestone Buyout Offer Undervalues Its Assets
Oct 11Whitestone: Growth At A Great Price
Sep 09Whitestone REIT: Southwest's Growing Pains Will Be Retail Landlords' Growing Gains
Aug 30Whitestone REIT: Taking Profits Home And Downgrading To Hold
Aug 02Whitestone REIT: Monthly-Paying Growth REIT With A 3.7% Yield
Jul 08Whitestone 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 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$21m |
| Jun 30 2024 | n/a | n/a | US$16m |
| 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 ($USD3.30M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
CEO
Dave Holeman (61 yo)
2.9yrs
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 | 2.9yrs | US$1.36m | 1.03% $ 7.5m | |
| Chief Financial Officer | 2.9yrs | US$687.65k | 0.35% $ 2.6m | |
| Chief Operating Officer | 2.8yrs | US$895.08k | 0.54% $ 4.0m | |
| General Counsel & Corporate Secretary | 5.1yrs | US$697.92k | 0.24% $ 1.8m | |
| Vice President of Human Resources | 10.9yrs | US$488.03k | 0.053% $ 388.3k | |
| Director of Investor Relations | 2.8yrs | no data | no data | |
| Regional Senior Vice President of Arizona | 2.7yrs | no data | no data | |
| Regional Senior Vice President of Dallas & Austin | no data | no data | no data | |
| Controller | 2.8yrs | no data | no data |
2.9yrs
Average Tenure
54yo
Average Age
Experienced Management: WSR's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.6yrs | US$1.36m | 1.03% $ 7.5m | |
| Independent Trustee | 4.8yrs | US$125.01k | 0.054% $ 394.0k | |
| Independent Chair of the Board | 2.4yrs | US$122.01k | 0.080% $ 585.9k | |
| Trustee & Independent Director | less than a year | no data | no data | |
| Independent Director | 1.6yrs | US$67.97k | 0.016% $ 116.9k | |
| Trustee & Independent Director | less than a year | no data | no data |
2.0yrs
Average Tenure
61yo
Average Age
Experienced Board: WSR's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Whitestone REIT is covered by 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| Richard Milligan | Baird |
| Paul Adornato | BMO Capital Markets Equity Research |