Whitestone REIT publishes investor presentation on its company strategy

Whitestone REIT announced that it filed an investor presentation with the Securities and Exchange Commission in connection with its 2024 Annual Meeting of Shareholders on May 14, 2024. Highlights of the presentation include: “1) Whitestone’s track record of superior performance since David Holeman’s CEO appointment in January 2022… Whitestone has achieved some of the highest SS NOI growth among our peers2 since 2022 driven by our high-quality portfolio and a management team that is laser focused on delivering consistent results… 2) Our strong, thoughtfully refreshed Board’s demonstrated track record of driving sustainable shareholder value creation… Significant Board refreshment with 3 of 6 Trustees added in the past 2 years, achieving a balance of deep institutional knowledge, diversity and fresh perspectives that complement our long-term growth strategy…. 3) Erez’s campaign is not in the best interest of all shareholders. Erez’s principal, Bruce Schanzer, is attempting to recycle a playbook from his time as CEO at Cedar Realty Trust, a company plagued by governance issues, reputational concerns and long-term operational and share price underperformance. Erez has demanded a change in Whitestone’s Board with the sole purpose of embarking on an immediate sale or liquidation of the Company under adverse market conditions; Erez has offered no substantive operational or strategic ideas… Erez’s nominees are wholly unqualified to join our Board.”