Whitestone REIT (WSR) - Hoya Hotseat

Hoya Capital

Whitestone REIT (WSR) - Hoya Hotseat In the News All WSR Feb 12 Written By Alex Pettee, CFA Hoya Capital Whitestone REIT (NYSE:WSR) is a small-cap retail REIT that owns and operates 55 open-air shopping centers. Its exclusive focus is on a handful of Sunbelt markets: Austin, Dallas, Houston, and Phoenix. Unlike its REIT peers, WSR invests primarily in smaller neighborhood and community centers rather than "big box" power centers, which results in a grocery-heavy and more e-commerce-resistant tenant mix.

COO Christine Mastandrea joins the Hotseat to discuss the evolution of WSR’s portfolio strategy, the advantages of investing in neighborhood retail centers, the resilience of the Sunbelt markets, and the broader trends shaping the retail REIT industry. Continue reading ▶︎ Interviews Press All Hoya Hotseat WSR Alex Pettee, CFA Transcript Whit Stone Reed is a public company we're traded under ticker symbol wsr uh we are focused on neighborhood centers we're in the fastest largest U markets in Texas and Arizona which would be uh Houston Dallas Fort Worth San Antonio uh Austin and then in the South uh sort of in the South and the the southeast and Northeast of um would consider the East Valley of Phoenix so that's Scottsdale Mesa Gilbert Chandler um and a little bit in Phoenix as well greater Phoenix as well uh with this we focus on centers that are in the in the best locations in those neighborhoods so what we look for is demand drivers like job growth uh University Systems and places where there's upward mobility and we look for uh the best corners in those neighborhoods so we're looking for high household incomes and we're also looking for strong vehicles per day so that's your traffic and then we look for stickiness of traffic in those neighborhoods as well with our with retail retail has been right sized uh it's taken quite a bit of time to do this ...