Whitestone REIT Strengthens Balance Sheet with Settlement
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Whitestone REIT received a $33.4 million payment from Pillarstone Capital REIT Operating Partnership as part of a settlement agreement approved by the Bankruptcy court. This payment strengthens Whitestone’s balance sheet and supports its long-term growth strategy. The company has also acquired two properties and disposed of one to enhance growth. Analysts rate WSR stock as a Buy with a $14.50 price target. Whitestone REIT focuses on open-air retail centers in rapidly growing markets and has a strong financial performance, though high leverage and valuation concerns exist.
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