Whitestone REIT Investor Presentation
CAPITAL MANAGEMENT
& STRONG PERFORMANCE
LONG-TERM GOALS
Reducing Leverage and G&A as a Percent of Revenue
LOWERING DEBT LEVERAGE
Feb 2018
4Q15
8.95x
4Q17
8.5x
Long Term Plan
Announced
Debt/EBITDAre-
Adjusted Ratio
•
Increasing cash flows from lease up of vacant spaces and rate increases
•
Selectively disposing of "highly levered" properties
•
Financing future acquisitions with a lower debt component
SCALING G&A
G&A/Revenue
Feb 2018
4Q15
20%
4Q17
18.8%
Long Term Plan
Announced
•
Reducing general and administrative expenses
•
•
Increasing revenue through lease up of vacant spaces and rental rate increases
Growing our asset base
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WHITESTONE REIT INVESTOR PRESENTATION FIRST QUARTER 2021
Year End
2020
9.2x (1)
5-Year Goal
2023
6x - 7x
Year End
2020
16.9% (1)
5-Year Goal
2023
8% - 10%
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