Warehouse REIT Receives Enhanced Offer from Blackstone

Warehouse REIT PLC ( (GB:WHR) ) has provided an update.

Warehouse REIT PLC has received an increased cash offer from Blackstone’s Wapping Bidco Ltd for its entire issued share capital, with the offer price raised to 113.4p per share. The offer allows shareholders to retain a forthcoming dividend and includes Wapping Holdings acquiring a significant stake in Warehouse REIT. The board is reviewing the offer and engaging with shareholders, advising them to take no immediate action.

The most recent analyst rating on (GB:WHR) stock is a Buy with a £95.00 price target. To see the full list of analyst forecasts on Warehouse REIT PLC stock, see the GB:WHR Stock Forecast page.

Spark’s Take on GB:WHR Stock

According to Spark, TipRanks’ AI Analyst, GB:WHR is a Outperform.

Warehouse REIT PLC demonstrates a robust financial recovery with strong revenue and profit growth. Technical indicators show positive momentum, although caution is advised due to overbought signals. Valuation metrics suggest the stock is undervalued, enhanced by a strong dividend yield. Recent corporate actions, like debt refinancing and lease renewals, bolster its financial stability. However, the rejection of an acquisition proposal adds a layer of uncertainty.

To see Spark’s full report on GB:WHR stock, click here.

More about Warehouse REIT PLC

Warehouse REIT PLC operates in the real estate investment trust industry, focusing on the acquisition and management of warehouse properties. The company primarily invests in logistics and industrial properties across the UK, catering to the growing demand for warehouse space driven by e-commerce and supply chain needs.

Average Trading Volume: 4,532,287

Technical Sentiment Signal: Buy

Current Market Cap: £476.7M

For detailed information about WHR stock, go to TipRanks’ Stock Analysis page.