Feb. 28, 2014, 12:52 PM
- Whitestone REIT (WSR +2.9%) is having a big session after JMP's Mitch Germain boosts the stock to Outperform with $16 price target following earnings results earlier this week.
- No details on the upgrade are yet available, but on the earnings call (transcript), Germain queried management on the number of distressed deals coming across its desk. They're getting harder to find, responds CEO James Mastandrea, but they're still out there. A lot of what he's seeing now are pretend-and-extend deals negotiated five years ago where the developers still haven't been able to turn things around. The firm's reputation has people who'd rather not publicize their distress picking up the phone to call Whitestone.
Oct. 3, 2013, 9:15 AM
Oct. 2, 2013, 5:43 PM
WSR vs. ETF Alternatives
Whitestone REIT owns and operates commercial properties in culturally diverse markets in metropolitan areas. The Company's portfolio includes retail, warehouse and office properties in and around Houston, Dallas, San Antonio, Chicago and Phoenix.
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