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Real Estate - REIT - Retail - NYSE - US
$ 14.34
0.632 %
$ 726 M
Market Cap
34.98
P/E
1. INTRINSIC VALUE

Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.[ Read More ]

The intrinsic value of one WSR stock under the base case scenario is HIDDEN Compared to the current market price of 14.3 USD, Whitestone REIT is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart WSR

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FINANCIALS
148 M REVENUE
5.22%
77.3 M OPERATING INCOME
65.69%
19.2 M NET INCOME
-46.42%
47.6 M OPERATING CASH FLOW
7.13%
-36.3 M INVESTING CASH FLOW
-440.88%
-13 M FINANCING CASH FLOW
72.50%
38.6 M REVENUE
2.39%
12.7 M OPERATING INCOME
-3.37%
7.62 M NET INCOME
194.14%
16 M OPERATING CASH FLOW
26.07%
13.8 M INVESTING CASH FLOW
148.68%
-30.9 M FINANCING CASH FLOW
-234.27%
Balance Sheet Decomposition Whitestone REIT
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Current Assets 65.5 M
Cash & Short-Term Investments 28.8 M
Receivables 32.1 M
Other Current Assets 4.66 M
Non-Current Assets 1.05 B
Long-Term Investments 34.3 M
PP&E 981 M
Other Non-Current Assets 32.6 M
Current Liabilities 44.8 M
Accounts Payable 36.4 M
Short-Term Debt 721 K
Other Current Liabilities 7.71 M
Non-Current Liabilities 649 M
Long-Term Debt 576 M
Other Non-Current Liabilities 72.4 M
EFFICIENCY
Earnings Waterfall Whitestone REIT
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Revenue 148 M
Cost Of Revenue 46 M
Gross Profit 102 M
Operating Expenses 20.7 M
Operating Income 77.3 M
Other Expenses 58.1 M
Net Income 19.2 M
RATIOS
68.93% GROSS MARGIN
68.93%
52.26% OPERATING MARGIN
52.26%
12.97% NET MARGIN
12.97%
4.64% ROE
4.64%
1.72% ROA
1.72%
7.63% ROIC
7.63%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Whitestone REIT
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Net Income 19.2 M
Depreciation & Amortization 33.1 M
Capital Expenditures 0
Stock-Based Compensation 3.73 M
Change in Working Capital 0
Others -10.3 M
Free Cash Flow 47.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Whitestone REIT
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Wall Street analysts predict an average 1-year price target for WSR of $14.4 , with forecasts ranging from a low of $10 to a high of $16 .
WSR Lowest Price Target Wall Street Target
10 USD -30.26%
WSR Average Price Target Wall Street Target
14.4 USD 0.42%
WSR Highest Price Target Wall Street Target
16 USD 11.58%
4. DIVIDEND ANALYSIS
0.92% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Whitestone REIT
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
65 K USD 1
0-3 MONTHS
302 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 04, 2024
Bought 65 K USD
Buthman Julia Bruns
Director
+ 5000
12.99 USD
5 months ago
Jun 11, 2024
Bought 223 K USD
Feng Amy Shih-Hua
Director
+ 17000
13.09 USD
5 months ago
Jun 03, 2024
Bought 79.7 K USD
Feng Amy Shih-Hua
Director
+ 6100
13.07 USD
1 year ago
May 05, 2023
Bought 33 K USD
Feng Amy Shih-Hua
Director
+ 3900
8.47 USD
1 year ago
Mar 03, 2023
Bought 35.3 K USD
Feng Amy Shih-Hua
Director
+ 3650
9.67 USD
2 years ago
Sep 30, 2022
Bought 4.28 K USD
Mastandrea Christine J
Chief Operating Officer
+ 500
8.5576 USD
3 years ago
Mar 22, 2021
Bought 59.7 K USD
Jones Jeffrey Alan
Director
+ 6250
9.55 USD
3 years ago
Dec 04, 2020
Bought 8.42 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
8.42 USD
4 years ago
Jun 30, 2020
Bought 0 USD
Mastandrea Christine J
EVP CORPORATE STRATEGY
+ 0
0 USD
4 years ago
Jun 30, 2020
Bought 0 USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 0
0 USD
4 years ago
Jun 24, 2020
Bought 13 K USD
Taylor David F.
Director
+ 2000
6.49 USD
4 years ago
May 18, 2020
Bought 104 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 18000
5.75 USD
4 years ago
Mar 11, 2020
Bought 55 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 5000
11 USD
4 years ago
Mar 11, 2020
Bought 0 USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 0
0 USD
4 years ago
Feb 28, 2020
Bought 75 K USD
Jones Jeffrey Alan
Director
+ 6250
12 USD
4 years ago
Feb 28, 2020
Bought 124 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 10000
12.39 USD
4 years ago
Feb 28, 2020
Bought 0 USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 0
0 USD
5 years ago
Sep 06, 2019
Bought 126 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 10000
12.64 USD
6 years ago
Mar 05, 2018
Bought 26.6 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 2500
10.65 USD
6 years ago
Mar 05, 2018
Bought 26.6 K USD
Mastandrea Christine J
VP CORPORATE STRATEGY
+ 2500
10.65 USD
7 years ago
Aug 29, 2017
Bought 14.7 K USD
LAMBERT PAUL T
Director
+ 1200
12.27 USD
7 years ago
Aug 29, 2017
Bought 22.2 K USD
LAMBERT PAUL T
Director
+ 1800
12.31 USD
7 years ago
Mar 07, 2017
Bought 13.8 K USD
LAMBERT PAUL T
Director
+ 1000
13.83 USD
7 years ago
Mar 07, 2017
Bought 152 USD
LAMBERT PAUL T
Director
+ 11
13.85 USD
7 years ago
Mar 07, 2017
Bought 6.93 K USD
LAMBERT PAUL T
Director
+ 500
13.86 USD
7 years ago
Mar 07, 2017
Bought 12.1 K USD
LAMBERT PAUL T
Director
+ 872
13.93 USD
7 years ago
Mar 07, 2017
Bought 1.63 K USD
LAMBERT PAUL T
Director
+ 117
13.94 USD
8 years ago
Aug 19, 2016
Bought 29.1 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 2000
14.56 USD
8 years ago
Aug 19, 2016
Bought 29.1 K USD
Mastandrea Christine J
VP CORPORATE STRATEGY
+ 2000
14.56 USD
8 years ago
Aug 19, 2016
Bought 4.36 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 300
14.55 USD
8 years ago
Aug 19, 2016
Bought 5.24 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 360
14.56 USD
9 years ago
Nov 13, 2015
Bought 8.17 K USD
LAMBERT PAUL T
Director
+ 700
11.67 USD
9 years ago
Nov 12, 2015
Bought 11.8 K USD
LAMBERT PAUL T
Director
+ 1000
11.78 USD
9 years ago
Nov 12, 2015
Bought 15.3 K USD
LAMBERT PAUL T
Director
+ 1300
11.77 USD
9 years ago
Aug 25, 2015
Bought 10.8 K USD
DEE JOHN J
COO & SECRETARY
+ 1000
10.839 USD
9 years ago
Aug 07, 2015
Bought 13 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
12.9948 USD
9 years ago
Aug 07, 2015
Bought 12.9 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
12.912 USD
9 years ago
Aug 07, 2015
Bought 13 K USD
Mastandrea Christine J
VP CORPORATE STRATEGY
+ 1000
12.9948 USD
9 years ago
Aug 07, 2015
Bought 12.9 K USD
Mastandrea Christine J
VP CORPORATE STRATEGY
+ 1000
12.912 USD
9 years ago
May 28, 2015
Bought 31 K USD
LAMBERT PAUL T
Director
+ 2200
14.08 USD
9 years ago
May 12, 2015
Bought 14.3 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
14.32 USD
9 years ago
May 12, 2015
Bought 14.3 K USD
Mastandrea Christine J
VP Corporate Strategy
+ 1000
14.32 USD
9 years ago
May 12, 2015
Bought 7.05 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 500
14.1 USD
9 years ago
May 12, 2015
Bought 14.2 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
14.2 USD
9 years ago
May 12, 2015
Bought 401 USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 28
14.33 USD
9 years ago
May 12, 2015
Bought 1.78 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 124
14.32 USD
9 years ago
May 12, 2015
Bought 2.29 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 160
14.3 USD
9 years ago
May 12, 2015
Bought 7.05 K USD
Mastandrea Christine J
VP STRATEGY & MARKET RESEARCH
+ 500
14.1 USD
9 years ago
May 12, 2015
Bought 14.2 K USD
Mastandrea Christine J
VP STRATEGY & MARKET RESEARCH
+ 1000
14.2 USD
9 years ago
May 07, 2015
Bought 28.1 K USD
LAMBERT PAUL T
Director
+ 2000
14.03 USD
9 years ago
Dec 09, 2014
Bought 9.62 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 655
14.68 USD
10 years ago
Nov 13, 2014
Bought 15.1 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
15.09 USD
10 years ago
Nov 13, 2014
Bought 15.1 K USD
Mastandrea Christine J
VP STRATEGY & MARKET RESEARCH
+ 1000
15.09 USD
10 years ago
Dec 09, 2013
Bought 37.3 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 2800
13.32 USD
11 years ago
Nov 08, 2013
Bought 13.4 K USD
MASTANDREA JAMES C
Chairman & CEO
+ 1000
13.44 USD
11 years ago
Oct 08, 2013
Bought 6.77 K USD
DEE JOHN J
COO & SECRETARY
+ 500
13.54 USD
11 years ago
Aug 21, 2013
Bought 13.8 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 923
14.97 USD
11 years ago
Aug 16, 2013
Bought 15 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
14.98 USD
11 years ago
May 08, 2013
Bought 103 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 6250
16.49 USD
12 years ago
Nov 09, 2012
Bought 25.4 K USD
Rollnick Richard D.
SEE REMARKS
+ 2000
12.71 USD
12 years ago
Aug 28, 2012
Bought 3.84 K USD
DEE JOHN J
COO & SECRETARY
+ 300
12.8 USD
12 years ago
Aug 28, 2012
Bought 12.8 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1000
12.8 USD
12 years ago
Aug 28, 2012
Bought 12.8 K USD
Keating Donald F
Director
+ 1000
12.8 USD
12 years ago
Jun 12, 2012
Sell 0 USD
DEE JOHN J
COO & SECRETARY
- 2046
0 USD
12 years ago
Jun 12, 2012
Sell 0 USD
Nixon Daniel E Jr
SVP - REGIONAL DIRECTOR
- 626
0 USD
12 years ago
Jun 12, 2012
Sell 0 USD
Keating Donald F
Director
- 618
0 USD
12 years ago
Jun 12, 2012
Sell 0 USD
Keating Donald F
Director
- 2707
0 USD
12 years ago
Jun 12, 2012
Sell 0 USD
MAHAFFEY JACK L
Director
- 699
0 USD
12 years ago
Jun 12, 2012
Sell 0 USD
DEVOS DANIEL G
Director
- 618
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
Holeman David K
CHIEF FINANCIAL OFFICER
- 3121
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
DEVOS DANIEL G
Director
- 454
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
DEE JOHN J
COO & SECRETARY
- 4923
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
MAHAFFEY JACK L
Director
- 1032
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
Keating Donald F
Director
- 454
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
MASTANDREA JAMES C
CHAIRMAN & CEO
- 3016
0 USD
12 years ago
Jan 18, 2012
Sell 0 USD
Nixon Daniel E Jr
SVP - REGIONAL DIRECTOR
- 1346
0 USD
13 years ago
Nov 16, 2011
Bought 17.8 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 1500
11.8573 USD
13 years ago
Nov 16, 2011
Bought 11.9 K USD
Nixon Daniel E Jr
SVP - REGIONAL DIRECTOR
+ 1000
11.91 USD
13 years ago
Nov 16, 2011
Bought 11.9 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 1000
11.94 USD
13 years ago
Oct 06, 2011
Sell 0 USD
MASTANDREA JAMES C
CHAIRMAN & CEO
- 4052
0 USD
13 years ago
Oct 06, 2011
Sell 0 USD
MAHAFFEY JACK L
Director
- 1346
0 USD
13 years ago
Oct 06, 2011
Sell 0 USD
Keating Donald F
Director
- 594
0 USD
13 years ago
Oct 06, 2011
Sell 0 USD
Keating Donald F
Director
- 5339
0 USD
13 years ago
Oct 06, 2011
Sell 0 USD
DEVOS DANIEL G
Director
- 594
0 USD
13 years ago
Oct 06, 2011
Sell 0 USD
DEE JOHN J
COO & SECRETARY
- 6423
0 USD
13 years ago
Oct 06, 2011
Sell 0 USD
Nixon Daniel E Jr
SVP - REGIONAL DIRECTOR
- 1756
0 USD
13 years ago
May 10, 2011
Bought 138 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 11500
12 USD
13 years ago
May 10, 2011
Bought 199 K USD
DEVOS DANIEL G
Director
+ 16600
12 USD
14 years ago
Aug 31, 2010
Bought 199 K USD
DEVOS DANIEL G
Director
+ 16600
12 USD
14 years ago
Aug 31, 2010
Bought 125 K USD
MASTANDREA JAMES C
CHAIRMAN & CEO
+ 10400
12 USD
14 years ago
Aug 31, 2010
Bought 18 K USD
Nixon Daniel E Jr
SVP of Redevelopment & Leasing
+ 1500
12 USD
14 years ago
Aug 31, 2010
Bought 60 K USD
Holeman David K
CHIEF FINANCIAL OFFICER
+ 5000
12 USD
14 years ago
Aug 31, 2010
Bought 12 K USD
DEE JOHN J
CHIEF OPERATING OFFICER
+ 1000
12 USD
14 years ago
Aug 31, 2010
Bought 24 K USD
Keating Donald F
Director
+ 2000
12 USD
7. News
How Whitestone REIT is Transforming Sunbelt Retail Growth Whitestone REIT NYSE: WSR is a real estate investment trust (REIT) with a unique community-centered approach. REITs offer investors a streamlined way to participate in the real estate market without the burdens of direct property ownership, providing potential for dividend income and portfolio diversification. marketbeat.com - 1 day ago
Whitestone REIT: Weighing Potential Amid Risks Whitestone REIT has delivered over 35% total returns since November 2023, with a current forward yield of 3.44% and a low P/FFO multiple of 14.62x. Looking at WSR stock, I can see a compelling entry point in terms of the valuations relative to other peers such as KIM, REG and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified. seekingalpha.com - 2 days ago
MCB Calls on Whitestone to Maximize Shareholder Value The Whitestone Board Has Summarily Rejected and Refused to Engage Regarding MCB's Improved $15.00 per Share All-Cash Proposal, which would Deliver a 14.5% Premium to Whitestone Shareholders MCB Urges the Whitestone Board and Management Team to Cease their Entrenchment Tactics and Answer Shareholders' Questions MCB Calls on Whitestone Shareholders to Make their Voices Heard; Visit www.MaximizingWhitestoneValue.com for More Information BALTIMORE , Oct. 31, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today issued the following statement regarding its proposal to acquire Whitestone REIT (NYSE: WSR) ("Whitestone") for $15.00 per share in cash: MCB stands ready to deliver immediate and certain value to Whitestone shareholders. Our proposal is compelling by all reasonable metrics, reflecting a 14.5% premium to Whitestone's share price prior to our initial proposal on June 3, 2024, and a 61.8% premium to Whitestone's unaffected share price prior to the rumored Fortress proposal on October 26, 2023. prnewswire.com - 2 weeks ago
Whitestone (WSR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates Although the revenue and EPS for Whitestone (WSR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 2 weeks ago
Whitestone (WSR) Lags Q3 FFO Estimates Whitestone (WSR) came out with quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to FFO of $0.23 per share a year ago. zacks.com - 2 weeks ago
Whitestone REIT Responds to MCB Indication of Interest HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) provided the following response to MCB's recent indication of interest: globenewswire.com - 2 weeks ago
Whitestone REIT Reports Third Quarter 2024 Results HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the third quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. globenewswire.com - 2 weeks ago
Whitestone Buyout Offer Undervalues Its Assets MCB Real Estate's $15 per share buyout offer for Whitestone REIT is too low, with WSR's fair value estimated closer to $17 per share. The hostile takeover attempt by MCB could spark competing bids from other REITs or private equity, given improved market conditions and lower interest rates. Whitestone REIT's standalone prospects are favorable, with strong leasing, rising occupancy, and healthy NOI growth, making a buyout less necessary. seekingalpha.com - 1 month ago
2 REITs To Buy After The Rally REITs have surged in the recent month. But opportunities remain abundant. I present 2 REITs that are still deeply undervalued. seekingalpha.com - 1 month ago
MCB Real Estate Increases Proposal to Acquire Whitestone REIT to $15.00 Per Share in Cash and Seeks Board Engagement Proposal Would Deliver Immediate and Certain 14.5% Premium to Whitestone Shareholders Compared to Share Price Prior to Initial Proposal Per Share Price Represents a 61.8% Premium to Whitestone's Unaffected Share Price  Prior to Takeover Rumors Sends Letter to Whitestone Board Detailing Compelling and Certain Value of All-Cash Proposal Launches www.MaximizingWhitestoneValue.com BALTIMORE , Oct. 9, 2024 /PRNewswire/ -- MCB Real Estate ("MCB"), a leading commercial real estate developer and investment management firm with a diverse nationwide portfolio and approximately $3 billion in AUM, today sent a letter to the Board of Trustees of Whitestone REIT (NYSE: WSR) ("Whitestone") increasing the value of its proposal to acquire the company in an all-cash transaction. Additional materials regarding the proposal are available at www.MaximizingWhitestoneValue.com. prnewswire.com - 1 month ago
5 Of My Favorite Monthly Paying REITs Monthly dividends can be enticing, but quality and sustainability of the dividend are crucial. Avoid "sucker yields" by analyzing fundamentals. Agree Realty is a high-quality REIT with consistent dividend growth, but its current valuation makes it a Hold. STAG Industrial offers a higher yield and trades at a discount, making it a Buy despite modest dividend growth. seekingalpha.com - 1 month ago
Whitestone REIT Announces Third Quarter 2024 Earnings Webcast and Conference Call HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) (“Whitestone” or the “Company”) today announced that it will release its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, October 30, 2024. globenewswire.com - 1 month ago
8. Profile Summary

Whitestone REIT WSR

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COUNTRY US
INDUSTRY REIT - Retail
MARKET CAP $ 726 M
Dividend Yield 0.92%
Description Whitestone is a community-centered shopping center REIT that acquires, owns, manages, develops and redevelops high-quality open-air neighborhood centers primarily in the largest, fastest-growing and most affluent markets in the Sunbelt. Whitestone seeks to create communities that thrive through creating local connections between consumers in the surrounding communities and a well-crafted mix of national, regional and local tenants that provide daily necessities, needed services, entertainment and experiences. Whitestone is a monthly dividend paying stock and has consistently paid dividends for over 15 years. Whitestone's strong, balanced and managed capital structure provides stability and flexibility for growth and positions Whitestone to perform well through economic cycles.
Contact 2600 South Gessner Road, Houston, TX, 77063 https://www.whitestonereit.com
IPO Date Aug. 26, 2010
Employees 73
Officers Mr. J. Scott Hogan Chief Financial Officer Ms. Christine C. J. Mastandrea Chief Operating Officer Ms. Soklin Siv Vice President of Human Resources Mr. David Mordy Director of Investor Relations Mr. Peter A. Tropoli General Counsel & Corporate Secretary Mr. David K. Holeman CPA Chief Executive Officer & Director Mr. Matthew A. Okmin Regional Senior Vice President of Arizona David C. Spagnolo Regional Senior Vice President of Dallas & Austin Mr. Michael Ly Controller