Whitestone REIT at life high after $1.7 bln buyout deal with Ares

ReutersApr 9, 2026 2:21 PM

Shares of Whitestone REIT WSR.N jump 11.5% to a $18.90, their highest on record

U.S. shopping center owner agrees to be acquired by funds managed by Ares Management Corp ARES.N

All-cash deal, taking the firm private, values WSR at about $1.7 billion

Offer represents a 12.2% premium to WSR's Wednesday close

Deal expected to close in Q3, 2026

If the deal is terminated, ARES to pay WSR termination fee of $77 million

Including session's moves, stock up about 36% YTD vs. 7.6% gain in the S&P 600 small cap index .SPCY

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