Whitestone REIT (WSR) Registration Filing summary

Company overview and business model

• Operates as a Maryland REIT focused on owning and operating commercial properties in culturally diverse metropolitan markets, primarily in Texas and Arizona, with 55 properties totaling approximately 4.9 million square feet of gross leasable area as of March 31, 2025.

• Internally managed and elected to be taxed as a REIT under the Internal Revenue Code, aiming to provide regular distributions to shareholders while maintaining REIT status.

• Common shares are listed on the NYSE under the symbol "WSR".

Financial performance and metrics

• As of December 31, 2024, the consolidated property portfolio had a gross book value of approximately $1.2 billion and book equity, including noncontrolling interests, of approximately $444 million.

• The company no longer holds a majority interest in Pillarstone Capital REIT Operating Partnership LP and has filed a claim in bankruptcy proceedings to recover its investment.

Use of proceeds and capital allocation

• Net proceeds from securities sales are intended for general corporate purposes, including property acquisitions, debt repayment, capital expenditures, portfolio expansion, redevelopment, working capital, and other general purposes.

• Specific allocation of proceeds will be detailed in accompanying prospectus supplements at the time of each offering.