Wheeler Real Estate Investment Trust (WHLR)
Owns and operates grocery-anchored and necessity-based shopping centers in secondary and tertiary markets.
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Owns and operates necessity-based shopping centers, earning primarily contractual rents and tenant reimbursements. A fully integrated retail REIT, its portfolio is concentrated in secondary and tertiary Mid-Atlantic and Southeast markets, while Cedar assets remain in a separate operating partnership.
Owns and operates grocery-anchored, neighborhood and community centers, strip centers, and free-standing retail properties across the Mid-Atlantic, Southeast, and Northeast. Rental income comes chiefly from lease payments, with other revenue from percentage rent, tenant reimbursements, and lease-termination fees. Many leases are triple-net arrangements, shifting a substantial share of operating, maintenance, insurance, and tax costs to tenants.
Executes leasing, property management, acquisition, development, redevelopment, and selective capital improvements internally. Its strategy concentrates on necessity-based retail in secondary and tertiary markets, with tenant mixes built around necessity, service, and convenience.
Depends on tenants honoring and renewing leases, anchor traffic, local competition, regional conditions, financing availability, and compliance with REIT requirements. Cedar assets remain in a separate operating partnership, and an active marketing process covers much of the portfolio.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $61.8M · Total debt $466.2M · Total assets $593.4M · Shareholders' equity $76.2M
- Revenue
- $22.7M
- Operating income
- $14.8M
- Net income
- $8.6M
No dividends on record.
| Insiders | 0.01% | 7 shares | |
|---|---|---|---|
| 1 holder · as of Nov 7, 2025 | |||
| Strategic holders | 0.27% | 146 shares | |
| 1 holder · as of Sep 11, 2026 | |||
| Other | 99.72% | 53.5K shares | |
| remainder | |||
53.7K company shares as of Sep 22, 2026 · holders as of their latest filing
Two share counts disagree (53.7K in the company's Sep 22, 2026 report, 27.4K elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
HRT Financial LPStrategic10 percent owner | 0.27% | 146 | filed Sep 11, 2026 |
Joseph StilwellInsiderdirector, 10 percent owner | 0.01% | 7 | filed Nov 7, 2025 |
AY2 Capital LLCInstitution | —9.80% of class, as filed | — | filed Feb 14, 2025 |
Amster HowardInsider | —23.50% of class, as filed | — | filed Feb 2, 2026 |
Andrew R. JonesInsider | —5.40% of class, as filed | — | filed Jul 21, 2017 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 10, 2026 | HRT Financial LP | 10 percent owner | −5,048 | $0.3690 |
| Sep 9, 2026 | HRT Financial LP | 10 percent owner | +11,253 | $0.3760 |
| Sep 8, 2026 | HRT Financial LP | 10 percent owner | +8,197 | $0.3900 |
| Jul 8, 2026 | HRT Financial LP | 10 percent owner | −66,584 | $0.4900 |
| Jul 7, 2026 | HRT Financial LP | 10 percent owner | +40,591 | $0.6050 |
- Phillips Edison
Direct rivalry for grocery-anchored center tenants and leases.
- Kite Realty Group
Open-air grocery-anchored centers contest Southeast leasing demand.
- Brixmor Property Group
National open-air centers bid for value and necessity retailers.
- Regency Centers
Grocery-anchored centers compete for tenants, sites, and redevelopment.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wheeler Real Estate Investment Trust | $1.90 | −8.09% | $6.3K | — | — | 0.0 | −13.1% |
| Phillips Edison | $37.01 | +0.01% | $4.75B | 32.2 | 47.8 | 6.3 | +3.8% |
| Kite Realty Group | $25.14 | −0.26% | $5.05B | 15.6 | 75.8 | 6.2 | −8.5% |
| Brixmor Property Group | $27.90 | −0.68% | $8.62B | 20.1 | 27.8 | 6.1 | +4.3% |
| Regency Centers | $73.28 | +0.49% | $13.32B | 20.7 | 29.0 | 7.7 | +5.7% |
| Median | 20.4 | 38.4 | 6.3 | +4.0% |