Whitestone REIT Announces $100 Million Equity Distribution Agreement

Whitestone REIT has entered into equity distribution agreements with multiple placement agents, including BMO Capital Markets Corp., Barclays Capital Inc., and others, to sell up to $100 million of its common shares through an at-the-market (ATM) offering. The shares will be issued under the company's existing shelf registration statement and will be sold from time to time at prevailing market prices. The placement agents will receive compensation of up to 2.0% of the gross sales price of the shares sold. The company is not obligated to sell any shares under the agreement. The proceeds from the offering will be used for general corporate purposes, including property acquisitions, development, and debt repayment.