Wheeler Real Estate Investment Trust
Owns and operates grocery-anchored and necessity-based shopping centers in secondary and tertiary markets.
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Profile
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
Categories
Key statistics
Analysts
No analyst consensus on record.
Earnings
EPSReportedEstimate
RevenueReportedEstimate
Financials
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
Dividends
No dividends on record.
Ownership
| Insiders1 holder · as of Nov 7, 2025 | 0.01% | 61 shares | |
| Strategic holders1 holder · as of Jul 9, 2026 | 0.99% | 4.8K shares | |
| Otherremainder | 99.00% | 478.1K shares |
482.9K company shares as of Sep 1, 2026 · holders as of their latest filing
Two share counts disagree (482.9K in the company's Sep 1, 2026 report, 27.4K elsewhere); stakes use the report.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
HRT Financial LPStrategic10 percent owner | 0.99% | 4,770 | Form 4filed Jul 9, 2026 ↗ |
Joseph StilwellInsiderdirector, 10 percent owner | 0.01% | 61 | Form 4filed Nov 7, 2025 ↗ |
AY2 Capital LLCInstitution | —9.80% of class, as filed | — | 13Gfiled Feb 14, 2025 ↗ |
Amster HowardInsider | —23.50% of class, as filed | — | 13Dfiled Feb 2, 2026 ↗ |
Andrew R. JonesInsider | —5.40% of class, as filed | — | 13D/Gfiled Jul 21, 2017 ↗ |
| See all 25 → | |||
13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| 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 |
| Jul 2, 2026 | HRT Financial LP | 10 percent owner | +17,348 | $1.39 |
| Jul 6, 2026 | HRT Financial LP | 10 percent owner | +21,703 | $0.0814 |
| Jun 30, 2026 | HRT Financial LP | 10 percent owner | +24,997 | $1.38 |
Peers
- 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.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wheeler Real Estate Investment Trust | $0.7000 | +4.63% | $18.7K | — | — | 0.0 | −13.1% |
| Phillips Edison | $38.65 | −0.03% | $4.96B | 33.6 | 48.9 | 6.6 | +3.8% |
| Kite Realty Group | $25.88 | +0.33% | $5.17B | 16.0 | 65.7 | 6.4 | −9.4% |
| Brixmor Property Group | $28.89 | −0.03% | $8.87B | 20.6 | 27.8 | 6.3 | +4.2% |
| Regency Centers | $74.77 | −0.99% | $13.65B | 21.2 | 29.6 | 7.9 | +5.8% |
| Median | 20.9 | 39.3 | 6.5 | +4.0% |