Whitestone REIT received a $33.4 million payment from Pillarstone Capital REIT Operating Partnership.
The payment followed the approval of a settlement agreement under Bankruptcy Rule 9019.
The settlement directed the Partnership to distribute funds to Whitestone after certain payments.
Payment Details
$33.4 million payment received by Whitestone from Pillarstone Settlement Agreement.
Financial Impact
Strengthened Whitestone's balance sheet for future growth.
Acquisitions
Recent property acquisitions expected to enhance growth opportunities.
- The $33.4 million payment strengthens Whitestone's financial position for 2026.
- Whitestone's focus on consistent growth aims for 5-7% annual Core FFO per share growth.
- Acquisitions and disposals demonstrate strategic moves for value creation.
The settlement agreement and payment reinforce Whitestone REIT's stability and growth plans for the future.