Wheeler Real Estate Investment Trust, Inc.
WHLRP
NASDAQ Capital Market7.79
USD
-0.01
- -
CIK
0001527541
ISIN
US9630253097
CUSIP
963025309
Return %
Stock
S&P500
1Y
99.23
26.84
3Y
366.47
77.03
5Y
-45.29
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Andrew Franklin
- Full Time Employees
- 56
- Sector
- Real Estate
- Industry
- REIT - Retail
- Address
- Riversedge North Virginia Beach VA United States of America 23452
- IPO Date
- Jan 29, 2015
- CIK
- 0001527541
- Website
- whlr.us
- Similar Companies
- Business
- Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) headquartered in Virginia Beach, Virginia, founded in 2012. The company specializes in acquiring, financing, developing, leasing, owning, and managing income-producing retail properties with a primary focus on grocery-anchored shopping centers, necessity, service, and convenience retail formats. Its property portfolio encompasses strip centers, neighborhood centers, grocery-anchored centers, community centers, and free-standing retail properties, primarily located in secondary and tertiary markets across 14 U.S. states, amounting to approximately 8 million square feet across 73 retail centers. Wheeler REIT provides a range of services including comprehensive property management, leasing and tenant relations, and real estate investment advisory, focusing on maximizing asset performance through proactive maintenance, strategic leasing, and financial oversight aimed at long-term value appreciation and tenant stability. Its tenant base includes primarily grocery-anchored and essential retail businesses, positioning the company to capitalize on stable, recurring income streams driven by consistent consumer demand. Wheeler's sector expertise lies in identifying value-add opportunities and optimizing tenant occupancy within the retail real estate market. Recent major developments include the acquisition of Cedar Realty Trust in August 2022, which expanded its portfolio with grocery-anchored shopping centers in dense urban markets in the Northeast. The company successfully executed refinancing initiatives, including a $75 million term loan refinance, which has de-risked its balance sheet and improved financial flexibility. Wheeler continues to advance mixed-use and value-add redevelopment projects as part of its strategic growth and capital allocation plans. The firm also benefited from a favorable legal ruling with the dismissal of a class-action lawsuit concerning the Cedar Realty acquisition, bolstering investor confidence. Wheeler Real Estate Investment Trust operates primarily in the real estate investment and retail property management segments, targeting institutional and retail investors as well as retail tenants. The company leverages its geographic focus on secondary and tertiary U.S. markets to generate attractive risk-adjusted returns. Its ongoing strategic emphasis is on necessity-based retail assets, positioning it to maintain resilience amid changing retail dynamics while driving operational excellence and shareholder value. Overall, Wheeler Real Estate Investment Trust, Inc. is recognized for its disciplined growth, sector specialization in grocery-anchored retail centers, robust leasing practices, and strategic acquisitions that enhance its platform and financial standing in the competitive retail real estate market. This comprehensive profile reflects Wheeler's core business, principal offerings, and significant recent changes in 2024-2025, highlighting its operational footprint and strategic initiatives.
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