Whitestone REIT Publishes Investor Presentation Highlighting Execution of Our Strategy to Continue Driving Long Term Sustainable Value Creation

Our Strong, Thoughtfully Refreshed Board Has Executed on Driving Shareholder Value

Urges Shareholders to Vote “FOR” ONLY Whitestone REIT’s Highly Qualified Trustee Nominees on the WHITE Proxy Card Today

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that it filed an investor presentation with the Securities and Exchange Commission (the “SEC”) in connection with its 2024 Annual Meeting of Shareholders on May 14, 2024. The presentation is available at https://ir.whitestonereit.com/news-and-events/presentations/default.as ....

Highlights of the presentation include:

1)   Whitestone’s track record of superior performance since David Holeman’s CEO appointment in January 2022

• Since David Holeman’s appointment, the strategies implemented by our Board and management team have delivered superior total shareholders returns of 21% for Whitestone, exceeding all of its peers and the MSCI US REIT Index.¹
• Whitestone has achieved some of the highest SS NOI growth among our peers² since 2022 driven by our high-quality portfolio and a management team that is laser focused on delivering consistent results.
• Our Company is positioned to continue delivering strong results with the midpoint of 2024 guidance indicating 11% year over year Core FFO per share growth.

2)   Our strong, thoughtfully refreshed Board’s demonstrated track record of driving sustainable shareholder value creation

• Significant Board refreshment with 3 of 6 Trustees added in the past 2 years, achieving a balance of deep institutional knowledge, diversity and fresh perspectives that complement our long-term growth strategy.
• Independent Board committed to taking action to protect shareholders; reflected by recent corporate governance and management enhancements, including naming David Holeman CEO in January 2022, terminating our shareholder rights plan and allowing shareholders to propose and vote on bylaw amendments.
• Board overseeing a strategy that is driving value and executing on our long term strategic and operational goals.

3)   Erez’s campaign is not in the best interest of all shareholders