Warehouse REIT PLC ( (GB:WHR) ) has provided an update.
Warehouse REIT PLC has received an unsolicited proposal from a consortium including Sixth Street and Blackstone for a potential all-cash acquisition of its shares. The board, after consulting with its largest shareholder, rejected the latest offer as it undervalues the company and its assets, leaving uncertainty about whether a formal offer will be made.
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 to provide rental income and capital growth for its shareholders.
YTD Price Performance: 4.83%
Average Trading Volume: 1,343,448
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £350.1M
See more insights into WHR stock on TipRanks’ Stock Analysis page.