Warehouse REIT PLC (LSE:WHR) has shifted its support to an improved all-cash offer from Blackstone Inc., distancing itself from a rival proposal made by Tritax Big Box REIT plc. The latest bid from Blackstone, priced at 115.0 pence per share, outpaces the mixed cash-and-stock alternative offered by Tritax. In light of the offer’s clarity and superior financial terms, the independent board members of Warehouse REIT are now urging shareholders to back Blackstone’s deal.
The move comes amid strong financial performance by Warehouse REIT, which has recently posted solid gains in revenue and profit. Market indicators reflect ongoing positive momentum, though technical signals warn of possible overbought conditions. Valuation analysis suggests the shares remain attractively priced, further supported by a healthy dividend yield. Strategic steps such as refinancing debt and securing key lease agreements have reinforced the company’s balance sheet. However, uncertainty lingers following the rejection of a separate acquisition approach.
About Warehouse REIT PLC
Warehouse REIT PLC is a UK-based real estate investment trust specializing in the acquisition and management of warehouse and logistics properties. It focuses on serving businesses that need space for storage, distribution, and transportation operations.
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