An investigation on behalf of investors of Whitestone REIT (NYSE: WSR) shares over potential securities laws violations by Whitestone REIT and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Whitestone REIT (NYSE: WSR) concerning whether a series of statements by Whitestone REIT regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Houton, TX based Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality 'E-Commerce resistant' neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone REIT reported that its annual Total Revenue declined from $125.95 million in 2017 to $119.86 million in 2018 and that its Net Income increased from $8.33 million in 2017 to $21.43 million in 2018.

Shares of Whitestone REIT (NYSE: WSR) declined from $14.62 per share on February 19, 2019 to as low as $11.50 per share on March 11, 2019.