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Wheeler Real Estate Investment Trust WHLR · USD

Real Estate · US listing · 🇺🇸 United States

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0.41

+6.49%

Close of 9 Nov 2026, in USD

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About Wheeler Real Estate Investment Trust

From its filings with the US Securities and Exchange Commission

SEC filings

Wheeler Real Estate Investment Trust is based in Virginia Beach, Virginia and is incorporated in Maryland. Its shares trade on Nasdaq under the ticker WHLR. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $99.4m and net income of $8.8m. At that date it held total assets of $601.7m and shareholders' equity of $234,000.

In its own words

Wheeler Real Estate Investment Trust, Inc. is a Maryland corporation formed on June 23, 2011 in connection with the Company's initial public offering. The Trust serves as the general partner of Wheeler REIT, L.P. (the "Operating Partnership"), which was formed as a Virginia limited partnership on April 5, 2012. Prior to the Cedar Acquisition (as defined below), substantially all of our assets were held by, and all of our operations were conducted through, our Operating Partnership. At December 31, 2025, the Company owned 100% of the Operating Partnership.

On August 22, 2022, the Company completed a merger transaction with Cedar Realty Trust, Inc. ("Cedar" or "CDR"). As a result of the merger, the Company acquired all of the outstanding shares of Cedar’s common stock (the "Cedar Acquisition"), which ceased to be publicly traded on the New York Stock Exchange ("NYSE"). Cedar’s outstanding 7.25% Series B Preferred Stock ("Cedar Series B Preferred Stock") and 6.50% Series C Preferred Stock ("Cedar Series C Preferred Stock" and, together with the Cedar Series B Preferred Stock, the "Cedar Preferred Stock") remain outstanding and continue to trade on the NYSE. As a result, Cedar became a subsidiary of the Company. Cedar's assets are held by, and its operations are conducted through, its operating partnership, Cedar Realty Trust Partnership, LP.

Quoted from its 10-K, filed 5 Mar 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
19 Nov 2012
Employees
47
Website
whlr.us ↗
Head office
RIVERSEDGE NORTH, VIRGINIA BEACH, VA, 23452
Incorporated in
MD
Classification
Real Estate Investment Trusts
Filer status
Non-accelerated filer<br>Smaller reporting company

Leadership

Pay as last reported

  • Ms. Stefani CarterIndependent Chairman of the Board$100,740
  • Mr. M. Andrew FranklinPresident, Chief Executive Officer$444,626
  • Ms. Crystal PlumChief Financial Officer, Corporate Secretary$261,947
  • Ms. E. J. BorrackIndependent Director$110,740
  • Mr. Robert BradyIndependent Director$39,781
  • Mr. Kerry CampbellIndependent Director$150,740
  • Ms. Rebecca MusserIndependent Director$24,452
  • Ms. Megan ParisiIndependent Director$60,740
  • Mr. Dennis PollackIndependent Director$60,740
  • Mr. Joseph StilwellIndependent Director$60,740

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Operates as a real estate investment trust focused on income-producing retail properties.
  • Headquartered in Virginia Beach, Virginia with 47 employees.
  • Owns a portfolio of 74 properties including retail shopping centers and grocery-anchored centers.

Weaknesses

  • Relies on a single sector (Real Estate) for operations.
  • Limited to retail properties with no diversification mentioned.
  • Dependent on a specific geographic focus within the US.

Opportunities

  • Potential growth in retail property acquisitions across multiple states.
  • Expansion into new markets within the listed states.
  • Development of undeveloped land parcels totaling 70 acres.

Threats

  • Market volatility affecting retail property values.
  • Competition from other real estate investment trusts.
  • Economic downturns impacting retail leasing demand.

Sources and methodology

Data on this tab
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