Wheeler Real Estate Investment Trust (WHLR) Company Report

Wheeler Real Estate Investment Trust, Inc. (WHLR) processed February 2026 redemptions of its Series D Cumulative Convertible Preferred Stock, redeeming 10,700 shares at approximately $42.35 per share and issuing 95,904 shares of Common Stock for settlement.
The conversion price for the 7.00% Subordinated Convertible Notes due 2031 was adjusted to approximately 2.60 per share of Common Stock, representing a 45% discount to the $4.72 volume weighted average price of Common Stock.
As of February 6, 2026, the company had 790,739 shares of Common Stock and 1,577,898 shares of Series D Preferred Stock outstanding.
Cumulatively, WHLR has redeemed 1,770,581 shares of Series D Preferred Stock by issuing approximately 249,000 shares of Common Stock across 400 redemption requests.

15 hours ago

8-K

Wheeler Real Estate Investment Trust, Inc. Announces Reverse Stock Split and Equity Exchanges

WHLR

Delisting/Listing Issues

Proxy Vote Outcomes

Wheeler Real Estate Investment Trust, Inc. (WHLR) will implement a one-for-three reverse stock split of its common stock, effective at 5:00 p.m. Eastern Time on January 16, 2026.
Following the reverse stock split, the common stock will begin trading on a split-adjusted basis on The Nasdaq Capital Market at market open on January 20, 2026, under a new CUSIP number (963025770).
The company anticipates approximately 694,858 shares of Common Stock outstanding post-Reverse Stock Split, a reduction from 2,084,573 shares outstanding as of January 14, 2026.
Adjustments will be made to the conversion rates of convertible securities, including the 7.00% Subordinated Convertible Notes due 2031, which will see their conversion rate reduced from approximately 21.50 to 7.17 shares of Common Stock per $25.00 principal amount.
On January 8 and 9, 2026, WHLR issued a total of 175,000 shares of common stock in exchange for Series D and Series B Preferred Stock from unaffiliated holders, with the preferred shares subsequently retired.

Jan 14, 2026, 9:01 PM

8-K

Wheeler Real Estate Investment Trust, Inc. adjusts convertible note price and reports Series D Preferred Stock redemptions

WHLR

Debt Issuance

Convertible Preferred Issuance

Wheeler Real Estate Investment Trust, Inc. (WHLR) adjusted the conversion price for its 7.00% Subordinated Convertible Notes due 2031 to approximately $1.16 per share of Common Stock, effective January 5, 2026. This adjustment represents a 45% discount to the lowest Series D Preferred Stock conversion price of $2.11.
On January 5, 2026, the company redeemed 700 shares of Series D Preferred Stock at approximately $42.20 per share, settling the aggregate redemption price by issuing 13,974 shares of Common Stock.
As of January 6, 2026, cumulative Series D Preferred Stock redemptions totaled 1,759,881 shares, with approximately 459,000 shares of Common Stock issued in settlement across 398 requests.
The company reported 1,909,573 shares of Common Stock and 1,577,848 shares of Series D Preferred Stock outstanding as of January 6, 2026.

Jan 6, 2026, 1:16 PM

8-K

WHLR Announces Convertible Note Conversion Price Adjustment and Preferred Stock Exchanges

WHLR

Debt Issuance

Convertible Preferred Issuance

Wheeler Real Estate Investment Trust, Inc. (WHLR) issued a total of 880,200 shares of common stock on December 5 and 8, 2025, in exchange for 70,600 shares of Series D Cumulative Convertible Preferred Stock and 141,200 shares of Series B Convertible Preferred Stock, with the exchanged preferred shares being retired and cancelled.
The conversion price for WHLR's 7.00% Subordinated Convertible Notes due 2031 was adjusted to approximately $1.90 per share of common stock, representing a 45% discount from the previous price of approximately $3.48 per share, following December 2025 Series D Preferred Stock redemptions.
On December 5, 2025, WHLR processed 3 redemption requests, redeeming 12,700 shares of Series D Preferred Stock at approximately $42.62 per share, settling the redemption price by issuing 157,093 shares of common stock.
As of December 8, 2025, the company had 1,783,599 shares of Common Stock and 1,519,144 shares of Series D Preferred Stock outstanding.

Dec 8, 2025, 9:17 PM

8-K

Wheeler Real Estate Investment Trust, Inc. Announces Reverse Stock Split

WHLR

Delisting/Listing Issues

Accounting Changes

Proxy Vote Outcomes

Wheeler Real Estate Investment Trust, Inc. (WHLR) announced a one-for-two reverse stock split of its common stock, effective at 5:00 p.m. Eastern Time on November 28, 2025.
Trading on a split-adjusted basis will commence at market open on December 1, 2025, under a new CUSIP number 963025788.
Stockholders will receive a cash payment in lieu of fractional shares based on the closing price on November 28, 2025.
The number of outstanding common shares is anticipated to decrease from 1,380,640 as of November 25, 2025, to approximately 690,320 post-split.
The reverse stock split will result in adjustments to the conversion rates of the company's convertible securities, including the 7.00% Subordinated Convertible Notes due 2031, Series B Convertible Preferred Stock, and Series D Cumulative Convertible Preferred Stock.

Nov 25, 2025, 9:00 PM

8-K

Wheeler Real Estate Investment Trust, Inc. Announces Q3 2025 Results

WHLR

Earnings

Share Buyback

Debt Issuance

Wheeler Real Estate Investment Trust, Inc. (WHLR) reported net income attributable to common stockholders of $8.9 million and basic earnings per share of $18.37 for the three months ended September 30, 2025. For the same period, FFO per common share was $37.23 and AFFO per common share was $4.20.
Total revenue for the third quarter of 2025 was $23.8 million, marking a 3.9% decrease compared to the prior year period. As of September 30, 2025, the company's real estate portfolio was 91.8% occupied and 92.4% leased.
As of September 30, 2025, total assets were $625.2 million and total debt stood at $502.7 million. The company completed a one-for-five reverse stock split on September 22, 2025.
Total cumulative dividends in arrears for WHLR's Series D Preferred Stock were $26.6 million or $16.86 per share as of September 30, 2025. Year-to-date 2025, the company completed several property dispositions, including Winslow Plaza for $8.7 million and Webster Commons for $14.5 million.

Nov 6, 2025, 9:20 PM

8-K

Wheeler Real Estate Investment Trust, Inc. Announces Convertible Notes Conversion Price Adjustment and Preferred Stock Redemptions

WHLR

Debt Issuance

Convertible Preferred Issuance

Capital Structure Changes

The conversion price for Wheeler Real Estate Investment Trust, Inc.'s 7.00% Subordinated Convertible Notes due 2031 was adjusted to approximately $1.74 per share of Common Stock, representing a 45% discount from the prior price, effective November 5, 2025.
On November 5, 2025, the Company processed 5 redemption requests for 11,425 shares of Series D Preferred Stock at approximately $42.34 per share, settling the aggregate redemption price by issuing 152,703 shares of Common Stock.
As of November 5, 2025, the Company had 1,380,640 shares of Common Stock and 1,601,444 shares of Series D Preferred Stock outstanding, having cumulatively redeemed 1,746,481 shares of Series D Preferred Stock by issuing approximately 575,000 shares of Common Stock to date.

Nov 6, 2025, 1:24 PM

8-K

Wheeler Real Estate Investment Trust, Inc. Adjusts Convertible Note Conversion Price and Reports Series D Preferred Stock Redemptions

WHLR

Debt Issuance

Convertible Preferred Issuance

Wheeler Real Estate Investment Trust, Inc. adjusted the conversion price for its 7.00% Subordinated Convertible Notes due 2031 to approximately $3.59 per share of Common Stock, effective October 6, 2025. This adjustment represents a 45% discount to the lowest Series D Preferred Stock conversion price of $6.52.
In October 2025, the Company processed 10 redemption requests, redeeming 35,031 shares of Series D Preferred Stock at approximately $42.07 per share. The aggregate redemption price was settled by issuing 225,970 shares of Common Stock.
As of October 6, 2025, the Company had 1,172,937 shares of Common Stock and 1,612,869 shares of Series D Preferred Stock outstanding.

Oct 7, 2025, 11:27 AM

8-K

Wheeler Real Estate Investment Trust, Inc. Announces One-for-Five Reverse Stock Split and Equity Exchange

WHLR

Delisting/Listing Issues

Convertible Preferred Issuance

Wheeler Real Estate Investment Trust, Inc. will implement a one-for-five reverse stock split of its common stock, effective at 5:00 p.m. Eastern Time on September 22, 2025.
As a result of the split, the number of common shares outstanding is anticipated to decrease from 4,734,970 to approximately 946,994 post-split, with split-adjusted trading beginning on September 23, 2025, under a new CUSIP number (963025796).
The reverse stock split will lead to adjustments in the conversion rates for the company's 7.00% Subordinated Convertible Notes due 2031 and its Series B and Series D Convertible Preferred Stock.
On September 16, 2025, the company issued 253,000 shares of common stock in exchange for 11,000 shares of Series D Cumulative Convertible Preferred Stock and 22,000 shares of Series B Convertible Preferred Stock, which were subsequently retired and cancelled.

Sep 17, 2025, 8:01 PM

8-K

WHLR Exchanges Common Stock for Preferred Stock

WHLR

On September 9, 2025, Wheeler Real Estate Investment Trust, Inc. agreed to issue 365,000 shares of common stock in exchange for 14,600 shares of Series D Cumulative Convertible Preferred Stock and 29,200 shares of Series B Convertible Preferred Stock.
On September 11, 2025, the company agreed to issue an additional 1,008,000 shares of common stock for 42,000 shares of Series D Preferred Stock and 84,000 shares of Series B Preferred Stock.
These transactions, which settled between September 9 and 12, 2025, resulted in the issuance of a total of 1,373,000 shares of common stock.
The company did not receive any cash proceeds from these exchanges, and the preferred stock received was retired and cancelled.