Whitestone SEC Filings

Whitestone REIT director Julia B. Buthman reported receiving an equity grant of 12,660 common shares on 12/24/2025. The shares were acquired at a price of $13.70 per share and were awarded under the company’s 2018 Long-Term Equity Incentive Ownership Plan. Following this grant, she beneficially owns 31,577 common shares, held directly.

Whitestone REIT disclosed an insider equity grant to a director. On 12/24/2025, the reporting person received 15,282 common shares of Whitestone REIT at a price of $13.70 per share. The filing states this award was granted under the company’s 2018 Long-Term Equity Incentive Ownership Plan, which is used to provide equity-based compensation.

After this transaction, the director beneficially owns 69,507 common shares, held directly. The form notes that the transaction is a grant of shares, not a sale, which increases the director’s direct ownership stake in the company.

Whitestone REIT director reports equity grant of common shares. On 12/24/2025, a director of Whitestone REIT acquired 6,368 common shares at a price of $13.70 per share. The filing states this represents a grant of common shares under the company’s 2018 Long-Term Equity Incentive Ownership Plan, which is a stock-based compensation program. Following this grant, the director beneficially owns 39,478 common shares, held directly.

Whitestone REIT reported two capital return actions approved on December 18, 2025. The Board authorized a common share repurchase program allowing the company to buy back up to $50,000,000 of its outstanding common shares through May 20, 2028. Repurchases may occur in the open market, through privately negotiated transactions, accelerated share repurchase programs, or other lawful methods and can be suspended, modified, or discontinued at any time.

The Board also changed the dividend schedule from monthly to quarterly and declared a first quarter 2026 cash dividend of $0.1425 per common share and per operating partnership unit, a 5.6% increase over the previous quarterly dividend amount. This dividend will be paid on March 30, 2026 to shareholders and unitholders of record as of March 16, 2026. Future dividends will continue to be determined at the Board’s discretion based on financial performance, liquidity, capital needs, and market conditions.

Whitestone REIT reported receiving a $33.4 million payment under the Pillarstone Settlement Agreement. The company highlighted this payment in a press release dated December 15, 2025, which is provided as an exhibit.

The payment is a cash inflow related to the settlement rather than ongoing property operations. The disclosure is made under Regulation FD to provide broad, simultaneous access to this information for the market.

Whitestone REIT (WSR): MCB PR Capital LLC and affiliates filed Amendment No. 3 to Schedule 13D reporting beneficial ownership of 4,690,003.57 common shares, or 9.2% of the class. The percentage is based on 51,020,124 shares outstanding as disclosed in the company’s Form 10-Q for the quarter ended September 30, 2025.

On November 4, 2025, MCB, through MCB Acquisition Company, LLC, sent a new acquisition proposal to the company, which is subject to negotiation of satisfactory definitive transaction agreements. In an open letter the same day, MCB announced its intention to vote against the entire Board at the next Annual Meeting absent constructive engagement toward a transaction or a public strategic alternatives process. MCB previously withdrew a $15.00 per share proposal on November 18, 2024.

Whitestone REIT (WSR) reported stronger Q3 2025 results. Revenue was $41.0 million versus $38.6 million a year ago, and net income rose to $18.6 million from $7.7 million. Diluted EPS was $0.35, up from $0.15. Results benefited from a $14.0 million gain on property sales and steady rental growth ($40.8 million vs. $38.1 million).

Operating expenses were broadly stable, while interest expense was $8.7 million. Comprehensive results were affected by an $0.8 million unrealized loss on cash flow hedges in the quarter. Year-to-date operating cash flow was $34.9 million. The company paid a quarterly distribution of $0.1350 per common share/OP unit.

Whitestone refined its capital structure, adding a $375 million note due January 31, 2031 and showing $66.1 million outstanding on an unsecured line of credit due September 19, 2029. Notes payable totaled $641.6 million at quarter-end. Minimum future rents under existing leases totaled $543.3 million. Shares outstanding were 51,019,286 as of September 30, 2025.

Whitestone REIT furnished an update on its business by announcing financial results for the three and nine months ended September 30, 2025. The company reported these quarterly figures through a press release dated October 29, 2025 and a Quarterly Supplemental Operating and Financial Data Package, each provided as exhibits to this report.

The press release is furnished as Exhibit 99.1 and the supplemental data as Exhibit 99.2, giving investors access to detailed operating and financial information for the period. These materials are designated as furnished rather than filed, meaning they are not incorporated into the company’s registration statements under the Securities Act of 1933.

Whitestone REIT entered an amended and restated credit agreement dated September 19, 2025 establishing a $375.0 million unsecured revolving credit facility and a $375.0 million unsecured term loan. The Revolver matures September 19, 2029 with two six-month extension options; the Term Loan matures January 31, 2031. Borrowings accrue interest at a Base Rate or Term SOFR plus an applicable margin; the Revolver initially priced at Term SOFR + 1.40%. The company entered into interest rate swaps to fix Term SOFR rates on the Term Loan, which carries staged Term SOFR+1.35% pricing (3.40% through 9/30/26; 3.36% from 10/1/26–1/31/28; 3.42% from 2/1/28–1/31/31). The A&R agreement eliminated a prior 10 basis point SOFR spread adjustment and reduced an unused fee on the Revolver by 5 basis points in certain cases. At closing the company used approximately $83.2 million to repay its prior revolver, $285 million to refinance its prior term loan, and $6.8 million to pay fees and expenses. The full credit agreement is filed as Exhibit 10.1 and a press release is filed as Exhibit 99.1.