WSR - Whitestone REIT: This Small-Cap Value Is Flying Under The Radar

2024-03-11 13:30:00 ET

Summary

• Whitestone REIT offers exposure to high-growth markets and has a strong track record of growing its operating fundamentals.
• The company has seen strong tenant demand and record occupancy in its portfolio, driven by small shop occupancy growth.
• While the company has higher leverage compared to peers, management is focused on deleveraging and improving FFO/share through continued SSNOI growth.

There’s value to be had in underfollowed names, as investing shouldn’t be considered as a popularity contest. Particularly in the REIT industry, these names tend to be smaller cap in nature, and that means more potential to grow as it wouldn’t require as many deals to move the needle. Moreover, less eyeballs on these stocks typically mean, more often than not, that they are not valued properly....

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