Whitestone REIT climbs after report of takeover interest from Blackstone and TPG

TPG

06/03/2026 14:54

** Shares of U.S. shopping center operator Whitestone REIT WSR.N up 4.9% at $15.76

** Reuters reported the co attracted takeover interest from private equity firms, including Blackstone BX.N and TPG TPG.O

** Co has hired Bank of America BAC.N to oversee the sale process, with potential bidders having signed confidentiality agreements to review documents, sources told Reuters

** BX, TPG and BAC declined to comment, while WSR did not immediately respond to a request for comment

** This comes as WSR faces two separate proxy fights for board seats and after major shareholder MCB Real Estate made an unresponded $15.20/share takeover offer in November

** As of last close, WSR shares up 8.1% YTD, following a 1.9% drop in 2025

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))