An investigation on behalf of investors in Whitestone REIT (NYSE: WSR) shares over potential wrongdoing at Whitestone REIT was announced.
San Diego, CA -- (SBWIRE) -- 05/14/2019 -- Certain directors of Whitestone REIT are under investigation concerning potential breaches of fiduciary duties.
Investors who purchased shares of Whitestone REIT (NYSE: WSR) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Whitestone REIT directors breached their fiduciary duties and caused damage to the company and its shareholders.
Houston, TX based Whitestone is a community-centered retail REIT that acquires, owns, manages, develops and redevelops high quality "E-Commerce resistant" neighborhood, community and lifestyle retail centers principally located in the largest, fastest growing and most affluent markets in the Sunbelt. Whitestone REIT reported that its annual Total Revenue declined from $125.95 million in 2017 to $119.86 million in 2018 and that its Net Income increased from $8.33 million in 2017 to $21.43 million in 2018.
Shares of Whitestone REIT (NYSE: WSR) declined from $14.62 per share on February 19, 2019 to as low as $11.50 per share on March 11, 2019.
Those who purchased shares of Whitestone REIT (NYSE: WSR) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.