WSR - Mergers and acquisitions

HOUSTON and NEW YORK, April 09, 2026 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") and Ares Management Corporation (NYSE:ARES) today announced that Whitestone has entered into a definitive merger agreement (the "Merger Agreement") with certain Ares Real Estate funds ("Ares") pursuant to which Ares will acquire all outstanding Whitestone common shares and operating partnership units for $19.00 per share or unit in an all-cash transaction valued at approximately $1.7 billion. The purchase price represents a 12.2% premium to Whitestone's closing stock price on April 8, 2026, the last full trading day prior to the transaction announcement, and a 26.5% premium

HOUSTON, April 08, 2026 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a quarterly cash dividend of $0.1425 per share on the Company's common shares and operating partnership units for the second quarter of 2026.   The second quarter dividend distribution for 2026 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitJune6/17/20266/29/2026$0.1425     About Whitestone REIT Whitestone REIT (NYSE:WSR) is a community-centered real estate investment trust (REIT) that acquires, owns, operates, and develops open-air, retail centers located in some of the fastest growing markets in

HOUSTON, April 01, 2026 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced it has signed an approximately 5,800-square-foot lease with Parkhill, a multidisciplinary architecture and engineering firm, to open a new office presence in Houston at BLVD Place located in the prestigious Uptown District. The agreement highlights the type of high-credit-quality tenants that are being drawn to the mixed-use center because of its prime location and amenities. Parkhill's second-floor workspace at BLVD Place epitomizes the type of dynamic setting that is critical for employee retention and attrac

HOUSTON, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") released the federal income tax treatment of 2025 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2025, which will be reported on Form 1099-DIV, are as follows: Ex-Dividend DateRecord DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Dividends (2)1/1/251/2/20251/14/2025$0.045000$0.037130 $0.007870 $- $- $0.0371302/2/20252/3/20252/11/2025$0.045000$0.037130 $0.007870 $- $- $0.0371303/1/20243/3/202

Board of Trustees Authorizes $50 Million Share Repurchase Program Company Announces Transition to Quarterly Dividend Payments HOUSTON, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a quarterly cash dividend of $0.1425 per share on the Company's common shares and operating partnership units for the first quarter of 2026. The new dividend represents a 5.6% increase over the previous quarterly dividend amount. Yesterday, the Company's Board of Trustees authorized a share repurchase program of up to an aggregate purchase price of $50,000,000. Repurchases of common stock under the share rep

HOUSTON, Dec. 15, 2025 (GLOBE NEWSWIRE) -- On December 12th, Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, received $33.4 million from Pillarstone Capital REIT Operating Partnership, L.P. (the "Partnership") following the Bankruptcy court's, approval of a settlement agreement under Bankruptcy Rule 9019. The settlement agreement directs the Partnership to distribute all funds remaining after the payment of $4.05 million to Pillarstone Capital REIT and a reserve of $2.5 million for claims, taxes and administrative expenses to Whitestone. Remaining in the Pillarstone estate, after the $33.4 million distribution to Wh

Achievement a direct result of Company's strategic plan to remerchandise the asset to better serve the community's interests  Salon Suites, Milkshake Factory and Spooner Physical Therapy among the 9 retailers who have opened over the past 36 months HOUSTON, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced it has reached 99 percent occupancy at The Promenade at Fulton Ranch in Chandler, Arizona, with the recent opening of Salon Suites. The strong occupancy number was achieved as a result of Whitestone's strategic repositioning of the asset, which began in early 2023 a

Center located adjacent to the 21,000-seat Toyota Stadium that attracts more than 1.4 million visitors annually and will serve as a base camp for the 2026 FIFA World Cup Property strategically situated at the busiest intersection north of 121 and the North Dallas Tollway (~135,000 VPD) Solidifies Whitestone's presence in the highly affluent, rapidly growing Dallas submarket HOUSTON, Nov. 07, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced it has acquired the restaurant-anchored World Cup Plaza in Frisco, Texas, a highly affluent submarket of Dallas. The center is strategical

HOUSTON, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has received an unsolicited, non-binding proposal from MCB Real Estate to acquire all of the outstanding shares of the Company's common stock for cash consideration of $15.20 per share. MCB Real Estate owns 9.2% of Whitestone REIT's common stock. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Company's Board of Trustees will carefully evaluate the proposal to determine if it believes the proposal is in the best interests of all shareholders. Shareholde

Center's location near Houston's Energy Corridor, anchored by 8 Fortune 500 companies, provides a consistent stream of repeat traffic  Property features a strong restaurant and retail lineup, including Seiwa Market, the largest Japanese grocery in the city HOUSTON, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced the acquisition of the 81,407 square-foot, grocery-anchored Ashford Village. Situated between Interstate 10 and the Westpark Tollway at the intersection of South Dairy Ashford Road and Whittington Drive (approximately 32,500 vehicles per day), the center is h

HOUSTON, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the "Operating Partnership"), it has amended, expanded and extended its $750 million credit facility, comprised of a $375 million revolver and $375 million term loan. The revolver is scheduled to mature in September 2029 with two six-month options to extend the maturity date and the term loan is scheduled to mature in January 2031. The revolver has an initial interest rate of SOFR plus 1.40%(1) and the term loan has an initial interest rate of SOFR plus 1.35%. In addition, the Company ent

HOUSTON, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the fourth quarter of 2025.   The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The fourth quarter dividend distribution for 2025 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitOctober10/1/202510/9/2025$0.045November11/3/202511/13/2025$0.045December12/1/202512/11/2025$0.045     About Whitestone REIT Whitestone REIT (NYSE:WSR) 

High-volume asset gives Company a foothold in one of the strongest performing retail corridors in the trade area Acquisition positions Whitestone to benefit from upcoming development, driven by strong neighborhood dynamics HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced it has acquired 5000 South Hulen, a 86,907 square-foot shopping center located in Fort Worth, Texas. 5000 South Hulen is situated within one of Fort Worth's strongest performing retail corridors and is just minutes from Interstate 20 and two of the most affluent neighborhoods in the entire t

HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the third quarter of 2025.   The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The third quarter dividend distribution for 2025 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitJuly7/1/20257/10/2025$0.045August8/1/20258/12/2025$0.045September9/2/20259/11/2025$0.045     About Whitestone REIT Whitestone REIT (NYSE:WSR) is a commun

HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company"), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced the acquisition of the 31,832-sqaure-foot, restaurant-anchored San Clemente at Davenport ("San Clemente") in Austin, Texas, which is just minutes from the Apple and Tesla campuses and situated amidst the bustling hub of the area's several technology companies. The San Clemente acquisition complements Whitestone's existing Davenport Village retail center at the same intersection along Loop 360, one of Austin's most traveled corridors, and marks the fifth neighborhood shopping center

HOUSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic redevelopment at Lion Square in Houston's Asiatown – part of the International Management District – that will transform the Sun Wing Supermarket-anchored center into a vibrant and meaningful cultural hub that pays homage to the city's expansive Asian community. Whitestone has engaged Michael Hsu Office of Architecture to upgrade the property's design and curb appeal by integrating modern aesthetics with traditional Chinese and Vietnamese architectural influences to create a mor

World's fastest-growing indoor pickleball operator supports the market's active and health-conscious lifestyle while also complementing Terravita's diversified tenant mix Location to feature eight, premium indoor courts and offer an unparalleled experience for the area's high number of pickleballers HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has signed a lease with The Picklr, the world's fastest-growing operator of indoor pickleball facilities, to open a 20,909-square-foot location at Terravita Marketplace in Scottsdale, Arizona. The strategic

Positioning asset to become an 18-hour activity hub that better serves the lifestyle needs of the surrounding community Meets neighborhood demand for an upscale coffeehouse, premium fitness concepts and executive suites by bringing in Starbucks Reserve, Pvolve, RVE Fitness and CUBExec HOUSTON, March 10, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR), a neighborhood-focused owner and operator of open-air shopping centers in Texas and Arizona, today announced that it has commenced a strategic transformation of the merchandising mix at Davenport Village ("Davenport") in Austin, Texas that is expected to re-energize the center and strengthen its competitive position within the upscale n

HOUSTON, March 06, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the second quarter of 2025.   The dividend represents a quarterly amount of $0.135 per share, and an annualized amount of $0.54 per share. The second quarter dividend distribution for 2025 will be as detailed below: MonthRecord DatePayment DateDistribution per Share/UnitApril4/1/20254/10/2025$0.045May5/1/20255/13/2025$0.045June6/2/20256/12/2025$0.045     About Whitestone REIT Whitestone REIT (NYSE:WSR) is a community-cente

HOUSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") released the federal income tax treatment of 2024 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2024, which will be reported on Form 1099-DIV, are as follows: Ex-Dividend DateRecord DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Dividends (2) 1/3/241/4/20241/11/2024$0.040000$0.024476 $0.014888 $0.004986 $0.000636 $0.024476 2/1/20242/2/20242/12/2024$0.040000$0.024476 $0.014888 $0.004986 $0.

Marks second agreement Whitestone has executed with the rapidly growing, High Value. Low Price. (HVLP)® fitness brand Innovative amenities and affordable fitness options support Whitestone's community-oriented and customer-first mission HOUSTON, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company"), a hands-on owner and manager of open-air shopping centers located in high-growth neighborhoods in Texas and Arizona, today announced that it has expanded its relationship with the rapidly growing, High Value. Low Price. (HVLP)® gym brand EoS Fitness. EoS Fitness will open an approximate 40,000-square-foot location at Whitestone's Windsor Park Center in S

HOUSTON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.045 per share on the Company's common shares and operating partnership units for the first quarter of 2025. The quarterly dividend amount of $0.135 per share represents a 9% increase from the previous quarterly dividend amount. Dave Holeman, Whitestone CEO, stated, "Ensuring our quarterly dividends increase in line with our earnings growth remains a priority for Whitestone. We reiterated our 2024 Core FFO per share guidance forecast, which targets 11% year-over-year growth at the midpoint. As we look to

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: P. David BrambleMCB Real EstateBaltimore, MD 21211 Dear Mr. Bramble, The Whitestone Board of Trustees has reviewed your October 9, 2024, indication of interest. The Board's review considered the $15 per share indication of interest against numerous data points, including, but not limited to, sell side Net Asset Value, Net Asset Value utilizing peer capitalization rate indications, sell side estimates and price targets and a Discounted Cash Flow valuation utilizing the company's internal 5-year forecast. While your i

HOUSTON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the fourth quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share. The fourth quarter dividend distribution for 2024 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitOctober10/2/202410/10/2024$0.04125November11/4/202411/14/2024$0.04125December12/3/202412/12/2024$0.04125 About Whitestone REIT Whitestone REIT (NYSE:WSR)

HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") is pleased to announce that The Picklr has opened at Eldorado Plaza in McKinney, Texas. The Picklr is North America's fastest-growing indoor pickleball franchise and it represents a strong upgrade in terms of tenant quality at the Trader Joe's-anchored center. In addition to increasing Eldorado's foot traffic, The Picklr helps the center better meet the needs of the surrounding community with a best in-class operator capitalizing on a sport designed to draw together people of all ages.       "We are thrilled to welcome The Picklr to Eldorado Plaza and capitalize on the strong wave of

HOUSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the third quarter of 2024. The dividend represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share. The third quarter dividend distribution for 2024 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitJuly7/5/20247/11/2024$0.04125August8/2/20248/14/2024$0.04125September9/4/20249/12/2024$0.04125     About Whitestone REIT Whitestone REIT (NYSE:WSR) is a com

Announces Board Leadership Changes Intends to Add Two New Trustees HOUSTON, June 03, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that the Board of Trustees ("Board") has appointed Amy S. Feng, an independent Trustee, as the Chair of Whitestone's Board of Trustees, and Julia B. Buthman, also an independent Trustee, as Chair of the Board's Nominating and Governance Committee. Mss. Feng and Buthman joined the Board in July of 2022 and May of 2023 respectively, and both have played a vital role in overseeing management's successful turnaround strategy which has resulted in sector-leading total shareholder return of 43.7% (1) since the

HOUSTON, May 14, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that, based on the preliminary vote count at the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting"), subject to the final certification of the voting results by the inspector of election, all six Whitestone's nominees have been re-elected to the Whitestone Board of Trustees (the "Board"). In addition, based on the preliminary vote count and subject to the final certification of the voting results by the inspector of election, the Company today announced that, at the Annual Meeting, Whitestone shareholders approved, on a non-binding advisory basis, the Comp

Whitestone's Turnaround Strategy Has Been Successful Under New Board / Leadership Team Our Reset Strategy Has Momentum and the Market Is Recognizing Our Accomplishments Do Not Let Erez Interrupt Our Momentum, Derail Our Strategy and Destroy Value Glass Lewis and Egan Jones, Two Leading Proxy Advisory Firms, Both Recommended that Shareholders Vote "FOR ALL" of Whitestone's Board Nominees on the WHITE Proxy Card HOUSTON, May 10, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it has issued a letter to shareholders related to the upcoming 2024 Annual Meeting of Shareholders scheduled to be held on May 14, 2024. The l

Reflects Schanzer's pattern of lies, deception and self-dealing Schanzer has been disingenuous and is leading a duplicitous proxy battle HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") has received new information revealing that Erez Asset Management ("Erez") nominee Bruce Schanzer colluded in late 2023 with terminated Whitestone Chairman and CEO James Mastandrea in an attempt to acquire Whitestone. For context, in January 2022, Whitestone Trustees David Taylor and Nandita Berry guided the Board in taking the difficult step of terminating Chairman and CEO, James Mastandrea. They have since spearheaded an effort, along with Whiteston

Board Highlights Proven Turnaround Strategy Executed by New Leadership Team Since Early 2022 Erez's Materials Demonstrate Lack of Understanding of Whitestone's Business Mr. Schanzer's Indicating He Never Advocated For a "Corporate Unwind Scenario" Displays His Lack of Honesty and Transparency with Shareholders Erez's One-Dimensional Strategy Is an Attempt to Generate Short-Term Gains at the Expense of Long-Term Shareholder Value Creation HOUSTON, April 29, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") announced today that it has mailed a letter to shareholders in connection with its 2024 Annual Meeting of Stockholders scheduled to be held on May 14

HOUSTON, April 09, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced the acquisition of Scottsdale Commons in Scottsdale, Arizona for $22.2 million. Scottsdale Commons sits on the second most trafficked intersection in Scottsdale and acts as a gateway linking North Scottsdale and Paradise Valley. The 69,000 square foot center is 96.6% occupied with 20 tenants including Rosati's Chicago Pizza, specialty butcher Rusty Nail Meats, U.S. Egg, winner of Phoenix Magazines 2023 Best Breakfast Award, pet care service provider Companion Pet Partners and BevMo which serve a surrounding community with a 3-mile average household income of $138k.

Urges Shareholders to Vote for All of Whitestone's Highly Qualified Trustees on the WHITE Proxy Card Since CEO Change in 2022, Whitestone Has Executed on a Successful Strategy for Value Creation and Delivered Among the Highest REIT Performing Shareholder Returns Erez Waging Unnecessary, Self-Serving and Misguided Proxy Contest HOUSTON, April 05, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it has filed its definitive proxy materials with the Securities and Exchange Commission ("SEC") in connection with its 2024 Annual Meeting of Stockholders scheduled to be held on May 14th, 2024. Shareholders of record as of February 21, 2024

HOUSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT received notice that Erez Asset Management, LLC ("Erez") has nominated two candidates to stand for election to the Board of Trustees of Whitestone REIT (the "Whitestone Board") at the 2024 annual meeting. The Whitestone REIT Nominating and Governance Committee ("the Committee") has conducted a comprehensive review and evaluation of Erez candidates Bruce Schanzer and Catherine Clark. Our review and evaluation process included individual interviews with both candidates (and an additional interview with a third Erez candidate, who has withdrawn his candidacy), a thorough review of the backgrounds and track records of both candidates,

HOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the second quarter of 2024. The dividend increase represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share. "We are focused on delivering consistent growth, driven by very strong leasing spreads and record occupancy, as we will share on our upcoming 4th quarter 2023 earnings call," said Dave Holeman, Whitestone's CEO. "Our second quarter dividend represents a 3% increase from the f

HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced the acquisition of the grocery-anchored Garden Oaks Shopping Center in Houston. The center, which contains 107,000 leasable square feet and is 96% occupied, is in the pathway of significant development, both residential and commercial, and sits on a major thoroughfare in the area. The Aldi-anchored center has a mix of 19 service and convenience-based tenants, including a top performing Planet Fitness. Nearly 30,000 vehicles per day pass by on North Shepherd Drive. Garden Oaks Shopping Center "Garden Oaks property values are up nearly 50% since 2019, and the area is pois

HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- In Whitestone REIT Operating Partnership, L.P. ("Whitestone") v Pillarstone Capital REIT ("Pillarstone"), the Delaware Court of Chancery issued a ruling today in Whitestone's favor with the following findings: Whitestone proved that Pillarstone's adoption of the Rights Agreement ("Poison Pill") breached the implied covenant of good faith and fair dealing and caused Whitestone harm. That Whitestone may proceed to serve a notice of redemption for some or all of its units without fear of damaging repercussions. That once redemption has occurred and Pillarstone has assigned a current value to the partnership's assets, the Court of Chancery will ent

HOUSTON, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") released the federal income tax treatment of 2023 cash distributions to holders of common shares (CUSIP 966084204). The final classifications of the distributions for 2023, which will be reported on Form 1099-DIV, are as follows: Ex-Dividend DateRecord DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 Gain (1)Return of Capital (Nontaxable Distribution)Section 199A Dividends (2) 1/3/20231/4/20231/11/2023$0.040000$0.039128$-$-$0.000872$0.039128 2/1/20232/2/20232/14/2023$0.040000$0.039128$-$-$0.000872$0.039128 3/1/20233/2/20233/

HOUSTON, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") announced today that, after careful review and consideration, the Board of Trustees of Whitestone has unanimously rejected a proposal by Bruce Schanzer, Chairman of Erez, demanding a majority change in our Board of Trustees with the sole purpose of embarking on an immediate sale or liquidation of Whitestone, without regard for maximizing long-term value for shareholders. For the sake of transparency, to maintain open communication with its shareholders, and to minimize misinformation regarding this matter, the Board has decided to release its response publicly. The full text of the White

HOUSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") is pleased to announce that on Friday, December 8, 2023, the District Court in Harris County, Texas dismissed all claims made by former Whitestone CEO, James C. Mastandrea, against the Company and members of the Board of Trustees and management related to the termination of his employment. The lawsuit was filed by Mr. Mastandrea following his removal from the Company by the Board of Trustees in January 2022 claiming breach of his employment contract, negligence, tortious interference with contract, and civil conspiracy. Mr. Mastandrea was seeking a maximum of $25 million in damages and equ

HOUSTON, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the first quarter of 2024. The dividend increase represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. "We are focused on delivering consistent growth, driven by very strong leasing spreads and near-record occupancy, as we shared during our 3rd quarter earnings call," said Dave Holeman, Whitestone's CEO. "We believe we are very well positioned to provide strong returns to shareholders

HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") is pleased to share leasing updates for two of its open-air shopping centers in Houston. The Company added Wild Fork, a modern-day meat and seafood market, at Lake Woodlands Crossing, bringing occupancy at the Total Wine anchored center to 100%. In addition, Whitestone added Vishala Foods, specializing in spices and produce used in Indian cuisine, at Sugar Park Plaza. "We're pleased to add a grocery component at the Lake Woodlands Center as well as a market meeting local demands with Vishala Foods at Sugar Park Plaza," stated Whitestone's COO, Christine Mastandrea. "Wild Fork has a strong

HOUSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone") is proud to announce its support of Spectrum of Tastes: Amplify Our Voices, an annual fundraising event hosted by Social Motion, a program of The Center for Pursuit ("The Center"), by serving as a lead sponsor. This year's fundraiser takes place on Thursday, October 19, 2023, at the Cherie Flores Garden Pavilion in Houston, and celebrates the tremendous accomplishments and successes of children and young adults with autism and special needs. Social Motion provides social skills to individuals on the autism spectrum from pre-K to young adults. The program serves children, teens, and young adults challenged

HOUSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the fourth quarter of 2023. The dividend increase represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. "At Whitestone, we are successfully executing on our growth strategy and continue to drive very strong leasing spreads while posting near-record occupancy, as we shared during our 2nd quarter earnings call," said Dave Holeman, Whitestone's CEO. "We remain focused on FFO per shar

HOUSTON, June 13, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced the acquisition of Arcadia Towne Center in Phoenix, Arizona for $25.3 million. Arcadia is an affluent neighborhood surrounded by Camelback, Scottsdale, Paradise Valley and Tempe. The center expands Whitestone's footprint into prime Phoenix submarkets and is anchored by a top performing Safeway. The Safeway, with sales placing it within the top 10% of Arizona Safeways, is not part of the acquisition, but acts as a strong shadow anchor for the center. This will allow Whitestone to focus on aligning the non-anchor tenants to meet the needs of the surrounding community with ser

HOUSTON, May 16, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the third quarter of 2023. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. The third quarter dividend distribution for 2023 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitJuly7/5/20237/11/2023$0.04August8/2/20238/10/2023$0.04September9/5/20239/12/2023$0.04 About Whitestone REIT Whitestone REIT (NYSE:WSR) is a community-centered real

HOUSTON, March 09, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the second quarter of 2023. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. "At Whitestone, we are successfully executing on our growth strategy and improving the Company's financial and operational performance to deliver even greater returns for shareholders," said Dave Holeman, Whitestone's CEO. "The current dividend provides shareholders with an approximate 5% yi

HOUSTON, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") released the federal income tax treatment of 2022 cash distributions to holders of common shares (CUSIP 966084204). The federal tax treatment of 2022 distributions as it is expected to be reported on Form 1099-DIV is as follows: Record DatePayable DateTotal Distribution Per ShareOrdinary DividendsTotal Capital Gain DistributionUnrecaptured Sec 1250 GainReturn of Capital (Nontaxable Distribution)Section 199A Dividends (1)1/4/20221/13/2022$0.035833$0.035833$0.000000$0.000000$0.000000$0.0358332/2/20222/11/2022$0.035833$0.035833$0.000000$0.000000$0.000000$0.0358333/2/20223/11/2022$0.035833$0.0

HOUSTON, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it received an investment grade issuer credit rating from Kroll Bond Rating Agency, Inc. ("KBRA") of BBB- with Stable Outlook. "We are very pleased to have an investment grade rating from KBRA, which reflects the strength of our enterprise and the progress we have made over the last year," stated Scott Hogan, Whitestone REIT CFO. "This investment grade rating will expand our access to additional capital sources at competitive rates and support our ability to pursue future growth opportunities." KBRA completed a though review of Whitestone's strategy and operations an

HOUSTON, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced the acquisition of Lake Woodlands Crossing, a 60,246 square foot retail property in The Woodlands, TX. "This acquisition marks Whitestone's first acquisition in the Houston market since its acquisition of BLVD Place, a Whole Foods Market anchored property in the Uptown District in 2017, and positions Whitestone to benefit from continued growth in The Woodlands, home to numerous corporate campuses and businesses, including Huntsman Corporation, Halliburton, Baker Hughes, OXY and Woodforest National Bank," said Whitestone REIT Chief Operating Officer, Christine Mastandrea. "

HOUSTON, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") is pleased to share the following CEO letter with shareholders: As the year draws to a close, I wanted to reflect on 2022 and all that we've accomplished. When the Whitestone Board of Directors elevated me to the CEO position in January of this year, I outlined for the board four initiatives we would be targeting and received unanimous support from the trustees: To improve the operational and financial performance of Whitestone, proving out the Company's core thesisTo dramatically improve Whitestone's alignment with shareholders, initially focusing on a host of governance improvementsTo

HOUSTON, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04 per share on the Company's common shares and operating partnership units for the first quarter of 2023. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. "This dividend reflects the strength of our differentiation strategy, focusing on community and service-oriented tenants in high-income, sun belt located shopping centers," said Dave Holeman, chief executive officer of Whitestone REIT. "This dividend strikes the right balance, providing a yiel

HOUSTON, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today signed a long-term, 51,000 square foot lease with EoS Fitness, establishing a strong relationship with the dynamic, high energy, fitness brand. Securing EoS as the anchor at Williams Trace Plaza center in Sugar Land, a fast-growing suburb of Houston, aligns well with Whitestone's community center focus as it leverages EoS's growing reputation for family friendliness and great service. The addition of EoS will dramatically increase investment returns for Whitestone's center in the coming years. EoS Fitness replaces an underutilized grocer, and is anticipated to increase traffic to the

HOUSTON, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") announced today the completion of approximately $36 million in property dispositions since the third quarter of 2022. The dispositions are part of the Company's ongoing asset management strategy and resulted in net proceeds received of approximately $34 million after prorations and transaction costs. "We believe the overall transaction cap rate on these property sales highlights the value of Whitestone's portfolio of properties, which are located in some of the fastest growing and most desirable markets in the country. We anticipate using the proceeds for debt reduction and future accreti

HOUSTON, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today released its second Environmental, Social, and Governance (ESG) Report highlighting the Company's ESG strategic priorities and initiatives. Whitestone aligned its 2022 ESG Report with the Sustainability Accounting Standards Board (SASB) industry standards and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. "We are proud to share Whitestone's second report on our environmental, social, and governance priorities and progress, demonstrating our commitments to our tenants, associates, and communities," says David Holeman, Chief Executive Officer. "We unde

HOUSTON, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that through its operating partnership, Whitestone REIT Operating Partnership, L.P. (the "Operating Partnership"), it has amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan. The facility, which can be increased to $715 million through an accordion feature is scheduled to mature, for the $250 million revolver, on September 16, 2026, with two additional six-month options to extend the maturity date to September 16, 2027, and for the $265 million term loan on January 31, 2028. Borrowings under the facility ac

HOUSTON, July 27, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend on the Company's common shares of $0.04 per share. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. The fourth quarter dividend distribution for 2022 will be as detailed below: MonthRecord DatePayment DateDistribution perShare/UnitOctober10/4/202210/12/2022$0.04November11/2/202211/14/2022$0.04December12/2/202212/14/2022$0.04 About Whitestone REIT Whitestone REIT (NYSE:WSR) is a community-centered real estate investment trust (REIT) that acquir

HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend on the Company's common shares of $0.04 per share. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. "At Whitestone, we are continuing to advance our growth objectives, simultaneously growing earnings while strengthening our balance sheet," said Dave Holeman, Whitestone's CEO. "This dividend reflects the Board's confidence in the underlying strength of Whitestone and its assets, its talented employees and the management team, and bright prospects for sus

HOUSTON, May 16, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that effective as of the close of market on May 31, 2022, WSR will be added to the MSCI US REIT Index, as part of the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes. About MSCI MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced s

HOUSTON, April 25, 2022 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced several promotions related to furthering the company's focus on leasing. These individuals will be instrumental in ensuring that Whitestone maintains its community centered leasing strategy as the company increases its occupancy levels above the record level achieved in 2021. "The leadership changes we are announcing today underscore Whitestone's ability to attract and develop outstanding talent with the right skills to build on our progress," said Whitestone Chief Executive Officer, Dave Holeman. "Several of the individuals below graduated from our Real Estate Executive