Whitestone REIT Receives Unsolicited, Non-Binding Acquisition Proposal

Rhea-AI Summary

Whitestone REIT (NYSE: WSR) announced receipt of an unsolicited, non-binding acquisition proposal from MCB Real Estate to buy all outstanding common shares for $15.20 per share. MCB currently owns 9.2% of WSR. The Board of Trustees, with financial and legal advisors, will evaluate whether the proposal is in the best interests of all shareholders. Shareholders are not required to take any action now. The company said it does not undertake any obligation to provide updates about this or other proposals except as required by law.

Positive

• Cash proposal at $15.20 per share
• Bidder ownership of 9.2% could support engagement

Negative

• Proposal is non-binding, creating deal uncertainty
• Company no obligation to provide updates, limiting transparency

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. Shareholders are not required to take any action at this time.

The Company does not undertake any obligation to provide updates with respect to this or any other proposal or transaction, except as required under applicable law.

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 the country: Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio.

Our centers are convenience focused: merchandised with a mix of service-oriented tenants providing food (restaurants and grocers), self-care (health and fitness), services (financial and logistics), education and entertainment to the surrounding communities. The Company believes its strong community connections and deep tenant relationships are key to the success of its current centers and its acquisition strategy. For additional information, please visit the Company's investor relations website.

Contacts:

For Whitestone REIT – Investors
David Mordy
(713) 435-2219
ir@whitestonereit.com

For Whitestone REIT – Media:
Matthew Chudoba
WhitestonePR@icrinc.com

FAQ

What did Whitestone REIT (WSR) announce on November 4, 2025?

Whitestone REIT said it received an unsolicited, non-binding acquisition proposal from MCB Real Estate to buy all shares for $15.20 per share.

Who is the bidder in the WSR acquisition proposal and how much do they own?

The bidder is MCB Real Estate, which owns 9.2% of Whitestone REIT common stock.

Do WSR shareholders need to act after the November 4, 2025 proposal?

No. Shareholders are not required to take any action at this time.

Is the $15.20 per share offer for WSR binding on the company?

No. The proposal is described as unsolicited and non-binding, so it does not obligate the company to accept.

Will Whitestone REIT provide ongoing updates about the MCB proposal?

The company said it does not undertake any obligation to provide updates except as required by applicable law.