Whitestone REIT to be Added to the MSCI US REIT Index

Rhea-AI Summary

Whitestone REIT (NYSE: WSR) announced its inclusion in the MSCI US REIT Index, effective May 31, 2022. This addition follows the May 2022 Semi-Annual Index Review for the MSCI Equity Indexes, enhancing the visibility of WSR among institutional investors. Whitestone REIT focuses on community-centered open-air retail centers in rapidly growing markets, including Phoenix and Austin. The company emphasizes strong tenant relationships and a diverse mix of service-oriented businesses, which are key to its growth strategy.

Positive

• Inclusion in the MSCI US REIT Index as of May 31, 2022.
• Increased visibility among institutional investors.

Negative

• None.

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 solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.

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 www.whitestonereit.com.

Safe Harbor Statement

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends for all such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or similar expressions or their negatives, as well as statements in future tense. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. For a description of certain of such factors, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Investor and Media Contact:

David Mordy
Director of Investor Relations
Whitestone REIT
(713) 435-2219
ir@whitestonereit.com

FAQ

When will Whitestone REIT be added to the MSCI US REIT Index?

Whitestone REIT will be added to the MSCI US REIT Index effective May 31, 2022.

What does the inclusion in the MSCI US REIT Index mean for WSR?

The inclusion enhances visibility and credibility among institutional investors.

What markets does Whitestone REIT operate in?

Whitestone REIT operates in fast-growing markets like Phoenix, Austin, Dallas-Fort Worth, Houston, and San Antonio.