Welcome to our dedicated page for Wheeler Real Estate Investment Trust news (Ticker: WHLR), a resource for investors and traders seeking the latest updates and insights on Wheeler Real Estate Investment Trust stock.
Wheeler Real Estate Investment Trust, Inc. (WHLR), headquartered in Virginia Beach, Virginia, is a self-managed commercial real estate investment trust (REIT) that specializes in income-producing retail properties. The company's core focus is on owning and operating grocery-anchored centers, making it a significant player in the retail sector. Established with the primary objective of acquiring, financing, developing, leasing, owning, and managing income-producing assets, Wheeler's portfolio includes strip centers, neighborhood centers, community centers, and free-standing retail properties.
Wheeler's properties are strategically located in the Mid-Atlantic, Southeast, and Southwest regions of the United States, and are typically leased by well-known national and regional retailers such as Food Lion, CVS, and TJ Maxx. Some notable properties in Wheeler's portfolio include Alex City Marketplace in Alabama, Bryan Station in Kentucky, Cardinal Plaza in North Carolina, Clover Plaza in South Carolina, and Winslow Plaza in New Jersey.
Recent Achievements:
- On September 7, 2023, Wheeler posted redemption forms for its Series D Preferred Stock on its website, allowing holders to request redemptions starting in October 2023.
- On October 18, 2023, simplified versions of the Holder Redemption Notice and Stock Ownership Statement were made available based on shareholder feedback.
- The company reported its financial and operating results for the three and nine months ended September 30, 2023, on November 7, 2023, with supplemental information accessible on its Investor Relations website.
- On November 14, 2023, Wheeler announced that due to a significant decline in its common stock price, it might settle future Series D Preferred Stock redemptions with unregistered shares of common stock or delay delivery of registered common stock.
- Wheeler considered calling a special meeting of stockholders to authorize additional reverse stock splits as announced on November 16, 2023.
- The company reported its financial and operating results for the year ended December 31, 2023, on Form 10-K on March 5, 2024.
- On May 6, 2024, Wheeler released its financial and operating results for Q1 2024, with details available on their Investor Relations website.
Wheeler's financial condition has been closely monitored, especially given the fluctuating stock prices and the redemptions of Series D Preferred Stock. The company continues to navigate these challenges while maintaining its focus on managing and expanding its portfolio of grocery-anchored retail properties.
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) has released its financial and operating results for the second quarter of 2024. The company has filed its Form 10-Q and posted supplemental information on its website for the three and six months ended June 30, 2024. Investors can access these documents through the company's Investor Relations website at https://ir.whlr.us/. This release provides shareholders and potential investors with important information about Wheeler's performance during the specified period. However, the press release does not disclose any specific financial figures or performance metrics, leaving the actual results to be discovered in the detailed reports.
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) released its First Quarter 2024 Financial and Operating Results, accessible on Form 10-Q and the company's website. The report covers the three months ending March 31, 2024, providing investors with key financial insights.
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