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Wheeler Real Estate Investment Trust, Inc - WHLR STOCK NEWS

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.

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Wheeler Real Estate Investment Trust announces election of Dennis Pollack to the Board of Directors and appointment to the Audit Committee.
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Wheeler Real Estate Investment Trust regains compliance with Nasdaq's minimum bid price requirement.
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Wheeler Real Estate Investment Trust, Inc. has reported its financial and operating results for the three and six months ended June 30, 2023. The Form 10-Q and supplemental information are available on the Investor Relations page.
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Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) has announced a one-for-ten reverse stock split of its common stock. The split is expected to take effect on August 17, 2023, and the stock will begin trading on a split-adjusted basis on August 18, 2023. No fractional shares will be issued, and stockholders will receive cash in lieu of fractional shares. The reverse stock split aims to help the company regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.
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Wheeler Real Estate Investment Trust, Inc. (WHLR) has announced its financial and operating results for Q1 2023. The Form 10-Q and supplemental information are available on the company's website.
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Wheeler Real Estate Investment Trust (WHLR) announced its financial results for the year ended December 31, 2022, highlighting key metrics in its Form 10-K. The Company focuses on owning and operating income-producing retail properties, particularly grocery-anchored centers. The full financial results and supplemental information are available on WHLR's Investor Relations page. Investors can access these details to evaluate the Company’s performance over the past year.

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Wheeler Real Estate Investment Trust (NASDAQ:WHLR) announced the expiration of its Exchange Offer for the Series D Cumulative Convertible Preferred Stock on January 20, 2023. Despite attempts to amend the charter terms, only 864,391 shares (26.8% of total outstanding shares) were tendered. This fell short of the required 66.67% for the amendments to proceed, meaning the Series D Preferred Stock will remain unchanged. No shares will be exchanged for the subordinate convertible notes, and the company will incur no broker fees as the offer was not completed. Shares tendered will be returned without any payments made.

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Wheeler Real Estate Investment Trust (NASDAQ:WHLR) announced revisions to its exchange offer for Series D Cumulative Convertible Preferred Stock. The company now offers 0.5 shares of common stock plus $16.00 in Exchange Notes for each validly tendered share. The Exchange Notes are convertible into common stock at a price of $12.50 per share. Wheeler aims to exchange up to 2,112,103 shares, representing 67% of outstanding Series D stock. The offer expires on January 20, 2023. A soliciting broker fee of $0.10 per share will be paid if the exchange is completed.

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Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has extended its Exchange Offer for the Series D Cumulative Convertible Preferred Stock until January 6, 2023. As of December 22, 2022, 713,863 shares (22.14% of total outstanding) were tendered in the offer. This extension aims to provide additional time for preferred shareholders to participate in the exchange for 6.00% Subordinated Notes maturing in 2027. Detailed terms are available in the Prospectus filed with the SEC, and no offer is made until proper registration is complete.

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Wheeler Real Estate Investment Trust (WHLR) announced its financial results for the third quarter and year-to-date ending September 30, 2022, via Form 10-Q. The company operates as a fully integrated REIT, mainly focusing on retail properties, particularly grocery-anchored centers. Supplemental financial information is available on their Investor Relations website. Investors can access detailed reports to review WHLR's performance metrics for a clearer understanding of the company's financial health.

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FAQ

What is the current stock price of Wheeler Real Estate Investment Trust (WHLR)?

The current stock price of Wheeler Real Estate Investment Trust (WHLR) is $4.05 as of December 23, 2024.

What is the market cap of Wheeler Real Estate Investment Trust (WHLR)?

The market cap of Wheeler Real Estate Investment Trust (WHLR) is approximately 2.6M.

What is Wheeler Real Estate Investment Trust, Inc. (WHLR)?

Wheeler Real Estate Investment Trust, Inc. (WHLR) is a self-managed commercial real estate investment trust focusing on income-producing retail properties, particularly grocery-anchored centers.

Where is Wheeler Real Estate Investment Trust, Inc. headquartered?

Wheeler Real Estate Investment Trust, Inc. is headquartered in Virginia Beach, Virginia.

What types of properties does Wheeler Real Estate Investment Trust, Inc. own?

Wheeler owns strip centers, neighborhood centers, community centers, grocery-anchored centers, and free-standing retail properties.

Who are some of the tenants in Wheeler's properties?

Tenants include nationally and regionally recognized retailers such as Food Lion, CVS, and TJ Maxx.

What recent achievements has Wheeler Real Estate Investment Trust, Inc. made?

Recent achievements include posting redemption forms for Series D Preferred Stock, simplifying these forms based on shareholder feedback, and reporting financial results for various periods.

What regions do Wheeler's properties cover?

Wheeler's properties are located in the Mid-Atlantic, Southeast, and Southwest regions of the United States.

How does Wheeler handle stock redemptions?

Due to recent declines in stock price, Wheeler may settle future Series D Preferred Stock redemptions with unregistered shares of common stock or delay delivery of registered common stock.

What financial reports has Wheeler recently released?

Wheeler released its financial and operating results for the year ended December 31, 2023, and for the first quarter of 2024.

How can investors contact Wheeler Real Estate Investment Trust, Inc.?

Investors can contact Wheeler's Investor Relations at (757) 627-9088 or via email at investorrelations@whlr.us.

Where can more information about Wheeler be found?

More information can be found on Wheeler Real Estate Investment Trust, Inc.'s website at www.whlr.us.

Wheeler Real Estate Investment Trust, Inc

Nasdaq:WHLR

WHLR Rankings

WHLR Stock Data

2.59M
1.31M
0.01%
11.06%
1.85%
REIT - Retail
Real Estate Investment Trusts
Link
United States of America
VIRGINIA BEACH