MASHINIi

Whitestone REIT.

WSR.US | Real estate activities with own or leased property

Whitestone REIT (Real Estate Investment Trust) is a real estate company that acquires, develops, owns, manages, and redevelops Community Centered Properties (CCP). These CCPs are located in high-growth markets in the Sunbelt, such as Arizona, Texas, and other states. Whitestone focuses on properties...Show More

Ethical Profile

Mixed.

Is Whitestone REIT ethical? Reports suggest a mixed profile. A 2019 article allegedly linked Whitestone REIT to overstated profits. While the company has a whistleblower policy and anti-bribery training, its 2023 ESG report is locked, limiting transparency. Employee reviews on Glassdoor average 3.25/5, below industry standard, with some citing stressful culture and high turnover, reportedly 52%. Environmentally, Whitestone Works LLC targets zero Scope 1 and 2 emissions through 2030 with SBTi validated targets, yet the parent REIT reportedly lacks comprehensive environmental data.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-10
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Whitestone REIT is a real estate investment trust focused on owning and managing properties. The provided articles are financial reports and general company information, explicitly stating that no data relevant to the health sector or 'Better Health for All' is present

1
. The company's core business of leasing real estate does not inherently involve direct health impacts, health product development, health services, or related initiatives. Therefore, for all KPIs, the evidence indicates that the company's activities are either not applicable to the KPI's scope or have a neutral impact on health outcomes.

Fair Money & Economic Opportunity

0

Whitestone REIT is a real estate company that acquires, develops, owns, manages, and redevelops community-centered properties.

1
The provided articles, including its 2024
2
and 2022
3
Sustainability Reports, focus on its real estate operations, ESG performance, and business strategy. There is no evidence in any of the articles to suggest that Whitestone REIT offers lending, deposit services, insurance, or any other financial products to consumers. Therefore, all KPIs related to financial services and economic opportunity for underserved populations are not applicable to the company's core business model, aligning with the 0-score definitions in the rubric.

Fair Pay & Worker Respect

-10

Whitestone REIT reported a CEO median pay ratio of 24:1 in 2024, with CEO David K. Holeman's pay at $2,400,145 and median employee pay at $98,051.

1
The company's voluntary employee turnover rate was explicitly stated as 52%.
2
Employee reviews indicate an overall employee rating of 3.25 out of 5 stars, and 55% of employees would recommend working there.
3

Fair Trade & Ethical Sourcing

0

No specific quantitative data or verifiable actions related to fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend were found in the provided articles

1
,
2
,
3
,
4
. While the company has a Human Rights Policy
5
and a Vendor Code of Conduct
6
, these documents do not provide performance metrics or specific data points for the listed KPIs
7
,
8
.

Honest & Fair Business

-10

Whitestone REIT's board comprises 83% independent members (5 out of 6), indicating a strong commitment to conflict-free governance

1
. The company has a formal whistleblower policy, including a 24/7 confidential employee hotline
2
and a non-retaliation policy
3
. All employees receive annual training on the Code of Business Conduct and Ethics, which encompasses the whistleblower policy
4
. Furthermore, all employees are required to complete an annual online module covering anti-bribery and anti-corruption
5
. No specific data was provided regarding regulatory fines, financial restatements, or the extent of independent verification of ethical claims.

Kind to Animals

0

Whitestone REIT is a real estate company, and its core business model does not involve activities such as product manufacturing, animal testing, or animal agriculture. Consequently, most KPIs related to animal welfare, including cruelty-free certification, alternative testing methods, humane certifications for operations, ethical input substitution, cage-free sourcing, animal testing policies and volume, innovation investment in animal-free technologies, and animal agriculture ethics, are not applicable to its operations. There is no specific, measurable evidence provided for wildlife conservation impact, animal-related supplier audits, or public policy engagement on animal welfare, leading to their omission.

1

No War, No Weapons

0

Whitestone REIT's Human Rights Policy, updated in September 2025, is consistent with the UN Guiding Principles on Business and Human Rights.

1
The company publicly reports on its human rights commitments and efforts through its website as part of its Sustainability Statement.
2
As a real estate investment trust, the company's core business does not inherently involve activities related to arms, defense, or conflict. Therefore, specific evidence for other KPIs such as revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, conflict divestment policy, board oversight of defense, export end-user certificates, lobbying against arms control, humanitarian procurement compliance, human rights due diligence in conflict areas, Arms Trade Treaty compliance, AI military safeguards, dual-use screening, surveillance transparency, ethical red lines related to weapons, exposure to controversial weapons, war-risk audits, annual conflict partner reviews, defense divestment, conflict minerals, peace tech investment, and procurement from conflict zones is not explicitly provided in the articles and thus these KPIs are omitted.

Planet-Friendly Business

-20

Whitestone's near-term emissions reduction target has been validated by the Science Based Targets initiative (SBTi) and is aligned with a 1.5°C trajectory.

1
The company commits to maintaining zero Scope 1 and Scope 2 emissions through 2030
2
and will measure and reduce Scope 3 emissions from a 2024 base year.
3
However, Whitestone REIT does not report on key metrics such as total Scope 1, 2, and 3 greenhouse gas emissions, percentage of operational energy sourced from renewables, water use per revenue, percentage of buildings green certified, waste diversion rate, or annual environmental compliance violations.
4

Respect for Cultures & Communities

0

No specific quantitative data was provided across the articles for any of the KPIs related to 'Respect for Cultures & Communities'. The reports and policies mention general social responsibility, diversity, equity, and inclusion initiatives, and community engagement activities like volunteer beautification projects and donation drives. However, the articles explicitly state a lack of granular data on metrics such as formal partnerships with indigenous or local community groups, revenue reinvested in local communities, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, cultural preservation investment, or cultural sensitivity training completion rates.

1

Safe & Smart Tech

0

Whitestone REIT has reported no data breaches or incidents for the fiscal years ending December 31, 2023, and December 31, 2024.

1
During the same period, there were no reported incidents of unauthorized data use.
2
The company's privacy policy, last updated January 1, 2021, outlines GDPR compliance, detailing legal bases for data processing and safeguards for data transfers outside the EEA.
3
It also lists user rights including access, rectification, erasure, restriction, objection, data portability, and withdrawal of consent.
4

Zero Waste & Sustainable Products

0

The provided articles do not contain specific, quantitative data points for Whitestone REIT (WSR.US) regarding waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education. discusses other sustainable brands, not WSR.US. Articles

1
and explicitly state a lack of relevant data for WSR.US concerning these metrics.
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,
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.