Whitestone REIT Responds to MCB Indication of Interest
Whitestone REIT Common Shares (WSR)
Last whitestone reit common shares earnings: 2/26 04:15 pm
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US:NYSE Investor Relations:
whitestonereit.com
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Source: GlobeNewswire
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) provided the following response to MCB’s recent indication of interest: P. David BrambleMCB Real EstateBaltimore, MD 21211 Dear Mr. Bramble, The Whitestone Board of Trustees has reviewed your October 9, 2024, indication of interest. The Board’s review considered the $15 per share indication of interest against numerous data points, including, but not limited to, sell side Net Asset Value, Net Asset Value utilizing peer capitalization rate indications, sell side estimates and price targets and a Discounted Cash Flow valuation utilizing the company’s internal 5-year forecast. While your indication of interest is premised on public market valuation, the Board views NAV and DCF as critical to determining the intrinsic value of Whitestone REIT. Your valuation falls short on both marks. The Whitestone Board of Trustees has unanimously determined to reject your indication of interest a
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WSR
News
- Whitestone REIT Continues Board Refreshment with Appointment of Two Independent TrusteesGlobeNewswire
- Whitestone REIT (NYSE: WSR) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- MCB Calls on Whitestone to Maximize Shareholder ValuePR Newswire
- Whitestone REIT Reports Third Quarter 2024 ResultsGlobeNewswire
- Whitestone REIT Q3 2024 Earnings Preview Oct. 29, 2024 5:35 PM ET By: Sinchita Mitra , SA News Editor [Seeking Alpha]Seeking Alpha
WSR
Earnings
- 10/30/24 - In-Line
WSR
Sec Filings
- 11/5/24 - Form 3
- 11/5/24 - Form 3
- 11/5/24 - Form 8-K
- WSR's page on the SEC website