HOUSTON, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that it received an investment grade issuer credit rating from Kroll Bond Rating Agency, Inc. ("KBRA") of BBB- with Stable Outlook.

"We are very pleased to have an investment grade rating from KBRA, which reflects the strength of our enterprise and the progress we have made over the last year," stated Scott Hogan, Whitestone REIT CFO. "This investment grade rating will expand our access to additional capital sources at competitive rates and support our ability to pursue future growth opportunities."

KBRA completed a though review of Whitestone's strategy and operations and the report is available on their website (requires account creation).

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.

Investor and Media Contact:

David Mordy

Director of Investor Relations

Whitestone REIT

(713) 435-2219

ir@whitestonereit.com

Whitestone REIT Receives Investment Grade Credit Rating