WHLR on Nasdaq
Wheeler Real Estate Investment Trust, Inc.
In its 2026 annual report the company says: “Wheeler Real Estate Investment Trust, Inc. is a Maryland corporation formed on June 23, 2011 in connection with the Company's initial public offering.”4 It is headquartered in Virginia Beach, United States.2 Its shares trade on Nasdaq under the symbol WHLR.2
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Power REIT, CareTrust REIT, Inc. or LXP Industrial Trust, or pick any stock.
- TickerWHLR on Nasdaq2
- IndustryReal Estate Investment Trusts2
- HeadquartersVirginia Beach, United States2
- Incorporated inMD3
- Business addressRiversedge North, 2529 Virginia Beach Blvd., Suite 200, Virginia Beach, Va 234523
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formINCORPORATED2
- LEI5493005TOFFG62ETJY292
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O National Corporate Research, Ltd., 21093 Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D141770752
See how the biggest companies compare on our leaderboards
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.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Base Rent brought in 73% of the revenue Wheeler Real Estate Investment Trust, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Base Rent | $73.4M | $69.1M |
| Tenant Reimbursements | $24.0M | $24.4M |
| Other Services | $1.9M | $1.7M |
| Lease Termination Fees | $267.0K | $34.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax0¢$26.0K
- Profit100¢$8.8M
Out of $1.8M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid31¢$6.6M
- Kept or used elsewhere69¢$14.6M
Out of $21.1M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Rental revenues | $97.7M | $102.4M |
| Other revenues | $1.8M | $2.2M |
| Total Revenue | $99.4M | $104.6M |
| Property operations | $33.0M | $35.3M |
| Depreciation and amortization | $22.9M | $25.3M |
| Impairment charges | $2.9M | $1.2M |
| Corporate general & administrative | $11.7M | $10.8M |
| Total Operating Expenses | $70.6M | $72.6M |
| Gain on disposal of properties, net | $14.4M | $5.5M |
| Operating Income | $43.2M | $37.5M |
| Interest income | $964.0K | $460.0K |
| Unrealized gain on investment securities, net - related party | $0 | $840.0K |
| Interest expense | -$33.8M | -$32.6M |
| Net changes in fair value of derivative liabilities | $4.7M | -$8.3M |
| Loss on conversion of Convertible Notes | -$902.0K | -$412.0K |
| Gain on preferred stock redemptions | $1.5M | $4.7M |
| Other expense | -$928.0K | -$1.5M |
| Net Income Before Income Taxes | $14.9M | $712.0K |
| Income tax expense | -$26.0K | -$1.0K |
| Net Income | $14.8M | $711.0K |
| Less: Net income attributable to noncontrolling interests | $6.1M | $10.3M |
| Net Income (Loss) Attributable to Wheeler REIT | $8.8M | -$9.6M |
| Preferred Stock dividends - undeclared | -$6.6M | -$8.3M |
| Deemed contribution (distribution) related to issuance of Series D Preferred Stock | $1.4M | -$552.0K |
| Deemed contribution related to preferred stock exchanges | $9.6M | $56.0K |
| Deemed distribution related to noncontrolling interests | -$16.9M | -$3.8M |
| Net Loss Attributable to Wheeler REIT Common Stockholders | -$3.9M | -$22.2M |
| Net Loss Attributable to Wheeler REIT Common Stockholders | -$3.9M | -$22.2M |
| Basic (in dollars per share) | -$36.01 | -$346,484.38 |
| Diluted (in dollars per share) | -$36.01 | -$346,484.38 |
| Basic (in shares) | 106.9K shares | 64 shares |
| Diluted (in shares) | 106.9K shares | 64 shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Investment properties | $607.5M | $647.1M | |
| Less accumulated depreciation | -$122.8M | -$112.2M | |
| Real estate, net | $484.7M | $534.9M | |
| Cash and cash equivalents | $23.7M | $43.0M | |
| Restricted cash | $25.0M | $17.8M | |
| Receivables, net | $15.8M | $14.7M | |
| Investment securities - related party | $24.4M | $12.0M | |
| Assets held for sale | $4.5M | $0 | |
| Above market lease intangibles, net | $706.0K | $1.3M | |
| Operating lease right-of-use assets | $7.5M | $9.2M | |
| Deferred costs and other assets, net | $15.5M | $20.8M | |
| Total Assets | $601.7M | $653.7M | |
| Loans payable, net | $468.2M | $482.6M | |
| Liabilities associated with assets held for sale | $1.4M | $0 | |
| Below market lease intangible, net | $7.4M | $11.1M | |
| Derivative liabilities | $7.2M | $12.0M | |
| Operating lease liabilities | $8.2M | $10.1M | |
| Series D Preferred Stock redemptions | $30.0K | $4.1M | |
| Accounts payable, accrued expenses and other liabilities | $14.6M | $17.1M | |
| Total Liabilities | $507.0M | $537.0M | |
| Common Stock ($0.01 par value, 200,000,000 shares authorized, 631,866 and 311 shares, respectively, issued and outstanding) | $6.0K | $0 | |
| Additional paid-in capital | $312.0M | $276.4M | |
| Accumulated deficit | -$350.9M | -$347.0M | |
| Accumulated other comprehensive income | $2.4M | $0 | |
| Total Stockholders Equity (Deficit) | $234.0K | -$25.4M | |
| Noncontrolling interests | $31.3M | $57.4M | |
| Total Equity | $31.5M | $32.0M | $44.8M |
| Total Liabilities and Equity | $601.7M | $653.7M | |
| Preferred stock, shares authorized (in shares) | 15.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in shares) | 631.9K shares | 311 shares | |
| Common stock, shares outstanding (in shares) | 631.9K shares | 311 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Investment properties | $607.5M | $647.1M | |
| Less accumulated depreciation | -$122.8M | -$112.2M | |
| Real estate, net | $484.7M | $534.9M | |
| Cash and cash equivalents | $23.7M | $43.0M | |
| Restricted cash | $25.0M | $17.8M | |
| Receivables, net | $15.8M | $14.7M | |
| Investment securities - related party | $24.4M | $12.0M | |
| Assets held for sale | $4.5M | $0 | |
| Above market lease intangibles, net | $706.0K | $1.3M | |
| Operating lease right-of-use assets | $7.5M | $9.2M | |
| Deferred costs and other assets, net | $15.5M | $20.8M | |
| Total Assets | $601.7M | $653.7M | |
| Loans payable, net | $468.2M | $482.6M | |
| Liabilities associated with assets held for sale | $1.4M | $0 | |
| Below market lease intangible, net | $7.4M | $11.1M | |
| Derivative liabilities | $7.2M | $12.0M | |
| Operating lease liabilities | $8.2M | $10.1M | |
| Series D Preferred Stock redemptions | $30.0K | $4.1M | |
| Accounts payable, accrued expenses and other liabilities | $14.6M | $17.1M | |
| Total Liabilities | $507.0M | $537.0M | |
| Common Stock ($0.01 par value, 200,000,000 shares authorized, 631,866 and 311 shares, respectively, issued and outstanding) | $6.0K | $0 | |
| Additional paid-in capital | $312.0M | $276.4M | |
| Accumulated deficit | -$350.9M | -$347.0M | |
| Accumulated other comprehensive income | $2.4M | $0 | |
| Total Stockholders Equity (Deficit) | $234.0K | -$25.4M | |
| Noncontrolling interests | $31.3M | $57.4M | |
| Total Equity | $31.5M | $32.0M | $44.8M |
| Total Liabilities and Equity | $601.7M | $653.7M | |
| Preferred stock, shares authorized (in shares) | 15.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in shares) | 631.9K shares | 311 shares | |
| Common stock, shares outstanding (in shares) | 631.9K shares | 311 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $14.8M | $711.0K |
| Depreciation and amortization | $22.9M | $25.3M |
| Amortization of deferred financing costs | $2.7M | $2.7M |
| Net changes in fair value of derivative liabilities | -$4.7M | $8.3M |
| Loss on conversion of Convertible Notes | $902.0K | $412.0K |
| Above (below) market lease amortization, net | -$2.5M | -$3.4M |
| Paid-in-kind interest | $3.9M | $4.1M |
| Loss on repurchase of debt securities | $0 | $700.0K |
| Gain on preferred stock redemptions | -$1.5M | -$4.7M |
| Unrealized gain on investment securities, net - related party | $0 | -$840.0K |
| Straight-line rents | -$75.0K | -$68.0K |
| Gain on disposal of properties, net | -$14.4M | -$5.5M |
| Credit adjustments on operating lease receivables | $924.0K | $543.0K |
| Impairment charges | $2.9M | $1.2M |
| Receivables, net | -$3.0M | -$1.9M |
| Deferred costs and other assets, net | -$1.4M | -$1.5M |
| Accounts payable, accrued expenses and other liabilities | -$370.0K | -$43.0K |
| Net cash provided by operating activities | $21.1M | $26.0M |
| Expenditures for real estate improvements | -$17.1M | -$22.5M |
| Purchase of investment securities - related party | -$10.0M | -$500.0K |
| Cash received from disposal of properties | $59.2M | $38.5M |
| Net cash provided by investing activities | $32.1M | $15.5M |
| Payments for deferred financing costs | -$456.0K | -$1.6M |
| Dividends and distributions paid on noncontrolling interest | -$6.6M | -$10.4M |
| Repurchase of noncontrolling interest | -$41.9M | -$11.5M |
| Loan proceeds | $25.2M | $33.2M |
| Loan principal payments | -$40.4M | -$28.6M |
| Repurchase of debt securities | $0 | -$1.3M |
| Loan prepayment premium | -$1.3M | -$368.0K |
| Net cash used in financing activities | -$65.4M | -$20.6M |
| (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | -$12.1M | $20.9M |
No quarter-by-quarter statement was filed.
Compare Wheeler Real Estate Investment Trust, Inc. with another company
Corporate structure
Wheeler Real Estate Investment Trust, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Wheeler Real Estate Investment Trust, Inc.
- JANE STREET GROUP, LLC Filed SCHEDULE 13G on Wheeler Real Estate Investment Trust, Inc., latest Oct 8, 2026
- Joseph Stilwell Filed SCHEDULE 13D/A on Wheeler Real Estate Investment Trust, Inc., latest Aug 19, 2026 (12 filings since Jul 7, 2022)
- Magnetar Financial LLC Filed SCHEDULE 13G/A on Wheeler Real Estate Investment Trust, Inc., latest Aug 14, 2026 (14 filings since Feb 14, 2022)
- Howard Amster Filed SCHEDULE 13D/A on Wheeler Real Estate Investment Trust, Inc., latest Feb 2, 2026 (8 filings since Dec 15, 2023)
- Diveroli Investment Group LLC Filed SCHEDULE 13D/A on Wheeler Real Estate Investment Trust, Inc., latest Oct 2, 2025 (2 filings since Sep 2, 2025)
- Ursa Fund Management, LLC Filed SCHEDULE 13G/A on Wheeler Real Estate Investment Trust, Inc., latest Mar 12, 2025 (2 filings since Nov 7, 2024)
- AY2 Capital LLC Filed SCHEDULE 13G/A on Wheeler Real Estate Investment Trust, Inc., latest Feb 14, 2025 (2 filings since Feb 14, 2024)
- MAGNOLIA CAPITAL FUND, LP Filed SCHEDULE 13G/A on Wheeler Real Estate Investment Trust, Inc., latest Jan 8, 2025 (4 filings since Dec 2, 2021)
- William C. Derrick Filed SC 13G/A on Wheeler Real Estate Investment Trust, Inc., latest Nov 14, 2024 (8 filings since Dec 6, 2021)
- Funicular Funds, LP Filed SC 13G on Wheeler Real Estate Investment Trust, Inc., latest Aug 9, 2024 (3 filings since Dec 13, 2023)
- Steamboat Capital Partners, LLC Filed SC 13D/A on Wheeler Real Estate Investment Trust, Inc., latest Dec 29, 2023 (15 filings since Oct 14, 2021)
- Corbin Capital Partners, L.P. Filed SC 13G on Wheeler Real Estate Investment Trust, Inc., latest Oct 11, 2023
- Wheeler Real Estate Investment Trust, Inc. Virginia Beach, Virginia, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Wheeler Real Estate Investment Trust, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $7.5M5 Dec 31, 2025 | $9.2M5 Dec 31, 2024 | −18.3% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $484.7M5 Dec 31, 2025 | $534.9M5 Dec 31, 2024 | −9.4% |
| Real estate investments, at cost | $607.5M5 Dec 31, 2025 | $647.1M5 Dec 31, 2024 | −6.1% |
| Real estate accumulated depreciation | $122.8M5 Dec 31, 2025 | $112.2M5 Dec 31, 2024 | +9.5% |
| Real estate properties | 655 Dec 31, 2025 | 7510 Dec 31, 2024 | −13.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $23.7M5 Dec 31, 2025 | $43.0M5 Dec 31, 2024 | −44.9% |
| Stakes in other companies (equity method) | $24.4M5 Dec 31, 2025 | $12.0M5 Dec 31, 2024 | +103.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated amortization | $67.9M5 Dec 31, 2025 | $70.7M5 Dec 31, 2024 | −4.0% |
| Finite-lived intangibles, net | $12.8M5 Dec 31, 2025 | $18.2M10 Dec 31, 2024 | −29.6% |
Properties, in its own words
Real Estate Portfolio
The following tables present an overview of our properties and undeveloped land as of December 31, 2025.
The rest of Item 2
Property · Location · Number of Tenants · Total Leasable Sq. Ft. · Percentage Leased · Percentage Occupied · Total Sq. Ft. Occupied · ABR (in 000's) (1) · ABR per Occupied Sq. Ft.
WHLR
Alex City Marketplace · Alexander City, AL · 20 · 151,843 · 100.0 · 100.0 · 151,843 · 1,341 · 8.83
Beaver Ruin Village · Lilburn, GA · 27 · 74,038 · 91.4 · 91.4 · 67,637 · 1,317 · 19.47
Beaver Ruin Village II · Lilburn, GA · 4 · 34,925 · 100.0 · 100.0 · 34,925 · 506 · 14.48
Brook Run Shopping Center · Richmond, VA · 14 · 147,738 · 81.5 · 81.5 · 120,391 · 915 · 7.60
Bryan Station · Lexington, KY · 9 · 54,277 · 94.5 · 94.5 · 51,275 · 629 · 12.27
Cardinal Plaza · Henderson, NC · 10 · 50,000 · 100.0 · 100.0 · 50,000 · 541 · 10.81
Chesapeake Square · Onley, VA · 13 · 108,982 · 90.9 · 90.9 · 99,006 · 774 · 7.81
Clover Plaza · Clover, SC · 10 · 45,575 · 100.0 · 100.0 · 45,575 · 520 · 11.40
Conyers Crossing · Conyers, GA · 14 · 170,475 · 100.0 · 100.0 · 170,475 · 1,103 · 6.47
Crockett Square · Morristown, TN · 4 · 107,122 · 100.0 · 100.0 · 107,122 · 993 · 9.27
Cypress Shopping Center · Boiling Springs, SC · 19 · 80,435 · 100.0 · 100.0 · 80,435 · 817 · 10.16
Darien Shopping Center · Darien, GA · 1 · 26,001 · 100.0 · 100.0 · 26,001 · 140 · 5.38
Folly Road · Charleston, SC · 5 · 47,794 · 100.0 · 100.0 · 47,794 · 780 · 16.31
Forrest Gallery · Tullahoma, TN · 28 · 214,451 · 91.2 · 91.2 · 195,642 · 1,523 · 7.78
Fort Howard Shopping Center · Rincon, GA · 20 · 113,652 · 100.0 · 100.0 · 113,652 · 1,319 · 11.60
Freeway Junction · Stockbridge, GA · 17 · 156,834 · 97.3 · 97.3 · 152,543 · 1,411 · 9.25
Franklin Village · Kittanning, PA · 22 · 151,821 · 72.9 · 72.9 · 110,619 · 1,228 · 11.10
Franklinton Square · Franklinton, NC · 14 · 65,366 · 95.3 · 95.3 · 62,300 · 617 · 9.91
Georgetown · Georgetown, SC · 1 · 29,572 · 74.5 · 74.5 · 22,032 · 215 · 9.75
Grove Park Shopping Center · Orangeburg, SC · 14 · 93,265 · 94.8 · 94.8 · 88,375 · 736 · 8.33
Harrodsburg Marketplace · Harrodsburg, KY · 9 · 60,048 · 94.0 · 94.0 · 56,448 · 501 · 8.88
JANAF · Norfolk, VA · 110 · 796,624 · 90.6 · 89.8 · 715,712 · 9,851 · 13.76
Laburnum Square · Richmond, VA · 20 · 109,387 · 97.4 · 97.4 · 106,587 · 1,055 · 9.90
Ladson Crossing · Ladson, SC · 16 · 52,607 · 100.0 · 100.0 · 52,607 · 575 · 10.94
LaGrange Marketplace · LaGrange, GA · 13 · 76,594 · 92.2 · 92.2 · 70,600 · 486 · 6.88
Lake Greenwood Crossing · Greenwood, SC · 8 · 43,618 · 100.0 · 100.0 · 43,618 · 417 · 9.56
Litchfield Market Village · Pawleys Island, SC · 27 · 86,717 · 100.0 · 100.0 · 86,717 · 1,227 · 14.15
Lumber River Village · Lumberton, NC · 11 · 66,781 · 100.0 · 100.0 · 66,781 · 526 · 7.88
Moncks Corner · Moncks Corner, SC · 1 · 26,800 · 100.0 · 100.0 · 26,800 · 330 · 12.31
Nashville Commons · Nashville, NC · 12 · 56,100 · 100.0 · 100.0 · 56,100 · 695 · 12.38
New Market Crossing · Mt. Airy, NC · 13 · 117,076 · 100.0 · 100.0 · 117,076 · 1,069 · 9.13
Property · Location · Number of Tenants · Total Leasable Sq. Ft. · Percentage Leased · Percentage Occupied · Total Sq. Ft. Occupied · ABR (in 000's) (1) · ABR per Occupied Sq. Ft.
Parkway Plaza · Brunswick, GA · 5 · 52,365 · 84.8 · 84.8 · 44,385 · 485 · 10.93
Pierpont Centre · Morgantown, WV · 15 · 111,162 · 98.4 · 98.4 · 109,433 · 1,182 · 10.80
Port Crossing · Harrisonburg, VA · 8 · 65,365 · 100.0 · 100.0 · 65,365 · 876 · 13.40
Ridgeland · Ridgeland, SC · 1 · 20,029 · 100.0 · 100.0 · 20,029 · 140 · 7.00
Riverbridge Shopping Center · Carrollton, GA · 11 · 91,188 · 96.9 · 96.9 · 88,375 · 767 · 8.68
Rivergate Shopping Center · Macon, GA · 25 · 193,960 · 93.6 · 68.9 · 133,688 · 2,401 · 17.96
Sangaree Plaza · Summerville, SC · 10 · 66,948 · 100.0 · 100.0 · 66,948 · 761 · 11.36
Shoppes at Myrtle Park · Bluffton, SC · 14 · 56,609 · 99.3 · 99.3 · 56,189 · 709 · 12.62
South Park · Mullins, SC · 4 · 60,734 · 96.9 · 96.9 · 58,834 · 401 · 6.82
South Square · Lancaster, SC · 6 · 44,350 · 81.0 · 81.0 · 35,900 · 313 · 8.71
St. George Plaza · St. George, SC · 9 · 59,174 · 100.0 · 100.0 · 59,174 · 493 · 8.34
Sunshine Plaza · Lehigh Acres, FL · 22 · 111,189 · 100.0 · 100.0 · 111,189 · 1,175 · 10.57
Surrey Plaza · Hawkinsville, GA · 4 · 42,680 · 100.0 · 100.0 · 42,680 · 267 · 6.26
Tampa Festival · Tampa, FL · 22 · 141,580 · 100.0 · 100.0 · 141,580 · 1,327 · 9.37
Tuckernuck · Richmond, VA · 18 · 93,391 · 100.0 · 98.9 · 92,391 · 1,110 · 12.01
Twin City Commons · Batesburg-Leesville, SC · 5 · 47,680 · 100.0 · 100.0 · 47,680 · 491 · 10.31
Village of Martinsville · Martinsville, VA · 22 · 288,254 · 100.0 · 94.8 · 273,297 · 2,284 · 8.36
Waterway Plaza · Little River, SC · 10 · 49,750 · 100.0 · 100.0 · 49,750 · 560 · 11.25
Westland Square · West Columbia, SC · 12 · 62,735 · 100.0 · 100.0 · 62,735 · 550 · 8.76
WHLR TOTAL · 729 · 5,075,661 · 95.1 · 93.7 · 4,756,310 · 50,449 · 10.61
CDR
Brickyard Plaza · Berlin, CT · 11 · 227,598 · 100.0 · 100.0 · 227,598 · 2,106 · 9.25
Coliseum Marketplace · Hampton, VA · 10 · 106,648 · 100.0 · 100.0 · 106,648 · 1,301 · 12.20
Fairview Commons · New Cumberland, PA · 10 · 50,485 · 80.3 · 80.3 · 40,555 · 514 · 12.66
Gold Star Plaza · Shenandoah, PA · 6 · 71,720 · 97.8 · 97.8 · 70,120 · 664 · 9.46
Golden Triangle · Lancaster, PA · 19 · 202,790 · 90.0 · 90.0 · 182,440 · 2,780 · 15.24
Hamburg Square · Hamburg, PA · 7 · 102,058 · 100.0 · 100.0 · 102,058 · 735 · 7.20
Patuxent Crossing · California, MD · 27 · 264,068 · 78.2 · 78.2 · 206,609 · 1,866 · 9.03
Pine Grove Plaza · Brown Mills, NJ · 17 · 79,306 · 89.9 · 89.9 · 71,306 · 886 · 12.43
Southington Center · Southington, CT · 7 · 155,842 · 89.8 · 89.8 · 139,903 · 1,000 · 7.15
Timpany Plaza · Gardner, MA · 18 · 182,820 · 82.9 · 82.9 · 151,460 · 1,571 · 10.37
Trexler Mall · Trexlertown, PA · 24 · 342,541 · 99.7 · 99.7 · 341,544 · 4,016 · 11.76
Item 2 of the 10-K filed Mar 5, 2026.4
Leadership
Who has led Wheeler Real Estate Investment Trust, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerMichael Andrew Franklin Aug 23, 2021 to now14
- Chief executive officerDaniel Khoshaba May 18, 2020 to May 18, 202115
- Chief executive officerJon S. Wheeler Aug 26, 2013 to Aug 28, 201716
- ChairJon S. Wheeler Nov 21, 2012 to Aug 28, 201717
- PresidentJon S. Wheeler Nov 21, 2012 to Dec 26, 201217
- Chief financial officerJason Simone Aug 20, 2026 to now18
- Chief financial officerCrystal Plum Feb 27, 2020 to Aug 17, 202119
- Chief financial officerWilkes Jackson Graham Jan 14, 2016 to Mar 29, 201720
- Chief financial officerSteven M. Belote Nov 21, 2012 to Dec 7, 201521
- Chief operating officerMichael Andrew Franklin Jul 16, 2019 to Jul 16, 201922
Board members and other officers (32)
- Chief Accounting OfficerPatrick Gundlach May 20, 2026 to now23
- SVP - OperationsMichael Andrew Franklin Feb 13, 2017 to Mar 1, 201724
- Chief Accounting OfficerMatthew Thomas Reddy Jun 18, 2015 to Mar 2, 201725
- Senior V.P. OperationsVictoria Paul V. Jun 25, 2015 to Jun 25, 201526
- SecretaryRobin A. Hanisch Nov 21, 2012 to Mar 1, 201727
- Board memberGregory Paul Hannon Aug 27, 2025 to now28
- Board memberRobert G. Brady May 16, 2024 to May 16, 202429
- Board memberRebecca Musser Aug 19, 2024 to Aug 19, 202430
- Board memberDennis Pollack Sep 5, 2023 to Sep 5, 202331
- Board memberMegan Parisi Nov 1, 2022 to Nov 1, 202232
- Board memberMichelle Duncan Bergman Jul 26, 2021 to Jul 26, 202133
- Board memberSaverio M. Flemma Jul 26, 2021 to Jul 26, 202134
- Board memberClayton E. Andrews Jan 2, 2020 to Jan 2, 202035
- Board memberDeborah Markus Jan 2, 2020 to Jan 2, 202036
- Board memberPaula Poskon Jan 2, 2020 to Jan 4, 202237
- Board memberJoseph Stilwell Jan 8, 2020 to now38
- Board memberDaniel Khoshaba Mar 5, 2020 to May 18, 202139
- Board memberEj Borrack Jun 26, 2020 to Jun 26, 202040
- Board memberKerry G. Campbell Dec 31, 2019 to now41
- Board memberStefani D. Carter Dec 31, 2019 to Jun 2, 202142
- Board memberSean F. Armstrong May 18, 2018 to Feb 27, 201943
- Board memberAndrew R. Jones May 24, 2018 to May 19, 202144
- Board memberKurt R. Harrington Jun 10, 2015 to Feb 6, 201845
- Board memberStewart J. Brown Aug 12, 2015 to Dec 18, 201946
- Board memberWarren D. Harris Jun 30, 2014 to Aug 17, 201547
- Board memberCarl B. McGowan Jr. May 7, 2013 to Feb 27, 201948
- Board memberJon S. Wheeler Aug 26, 2013 to Oct 23, 201316
- Board memberJeffrey M. Zwerdling Oct 3, 2013 to Mar 1, 201949
- Board memberAnn L. McKinney Nov 21, 2012 to Dec 7, 201550
- Board memberChristopher James Ettel Nov 21, 2012 to Aug 17, 201551
- Board memberSanjay Madhu Nov 21, 2012 to Jun 13, 201452
- Board memberWilliam Walter King Nov 21, 2012 to Feb 6, 201853
Timeline
- Oct 13, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares54
- Oct 13, 20268-K Unregistered sale of shares55
- Oct 6, 20268-K Unregistered sale of shares; Change to shareholders' rights; Other events56
- Oct 6, 20268-K Director nominations57
- Sep 29, 20268-K Unregistered sale of shares58
- Sep 17, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed59
- Sep 9, 20268-K Change to shareholders' rights; Other events60
- Sep 8, 20268-K Unregistered sale of shares61
- Sep 2, 20268-K Unregistered sale of shares62
- Aug 21, 20268-K Entered a material agreement63
- Aug 21, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed64
- Aug 19, 20268-K Unregistered sale of shares65
- Aug 23, 2021New chief executive Michael Andrew Franklin becomes CEO14
- May 18, 2020New chief executive Daniel Khoshaba becomes CEO15
- Aug 26, 2013New chief executive Jon S. Wheeler becomes CEO16
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202666
When it reported results
- Aug 6, 2026Reported quarterly or annual results67
- May 8, 2026Reported quarterly or annual results68
- Mar 5, 2026Reported quarterly or annual results69
- Nov 6, 2025Reported quarterly or annual results70
- Aug 5, 2025Reported quarterly or annual results71
- May 6, 2025Reported quarterly or annual results72
- Mar 4, 2025Reported quarterly or annual results73
- Nov 7, 2024Reported quarterly or annual results74
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
764 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 168 major events, 147 insider forms, 89 large holders, 340 other. The latest 20:
- Oct 13, 2026424B3 EDGAR
- Oct 13, 2026424B3 EDGAR
- Oct 13, 2026424B3 EDGAR
- Oct 13, 20268-K EDGAR
- Oct 13, 2026PRE 14A PROXY STATEMENT EDGAR
- Oct 13, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Oct 13, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Oct 13, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Oct 13, 20268-K CURRENT REPORT EDGAR
- Oct 8, 2026SCHEDULE 13G EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 20268-K EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 2026424B3 EDGAR
- Oct 6, 20268-K EDGAR
The 764 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
62 open-market trades by officers, directors and large owners since October 2021: 28 buys and 34 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 10, 2026 | HRT FINANCIAL LP10% owner | Sale | 5,048 | $0.37 | $1.9K | Form 4 |
| Sep 9, 2026 | HRT FINANCIAL LP10% owner | Buy | 11,253 | $0.38 | $4.3K | Form 4 |
| Sep 8, 2026 | HRT FINANCIAL LP10% owner | Buy | 8,197 | $0.39 | $3.2K | Form 4 |
| Jul 8, 2026 | HRT FINANCIAL LP10% owner | Sale | 66,584 | $0.49 | $32.6K | Form 4 |
| Jul 7, 2026 | HRT FINANCIAL LP10% owner | Buy | 40,591 | $0.61 | $24.8K | Form 4 |
| Jul 6, 2026 | HRT FINANCIAL LP10% owner | Buy | 21,703 | $0.08 | $1.7K | Form 4 |
| Jul 2, 2026 | HRT FINANCIAL LP10% owner | Buy | 17,348 | $1.39 | $24.1K | Form 4 |
| Jul 1, 2026 | HRT FINANCIAL LP10% owner | Buy | 14,698 | $1.14 | $16.8K | Form 4 |
| Jun 30, 2026 | HRT FINANCIAL LP10% owner | Buy | 24,997 | $1.38 | $34.5K | Form 4 |
| Apr 15, 2026 | Snyderman David J.10% owner | Sale | 3,127 | $0.80 | $2.5K | Form 4 |
| Apr 14, 2026 | Snyderman David J.10% owner | Sale | 4,910 | $0.77 | $3.8K | Form 4 |
| Apr 13, 2026 | Snyderman David J.10% owner | Sale | 87,177 | $0.86 | $75.0K | Form 4 |
| Apr 10, 2026 | Snyderman David J.10% owner | Sale | 1,413 | $0.83 | $1.2K | Form 4 |
| Apr 9, 2026 | Snyderman David J.10% owner | Sale | 12,346 | $0.83 | $10.2K | Form 4 |
| Apr 8, 2026 | Snyderman David J.10% owner | Sale | 6,234 | $0.86 | $5.4K | Form 4 |
| Apr 7, 2026 | Snyderman David J.10% owner | Sale | 6,774 | $0.85 | $5.8K | Form 4 |
| Apr 6, 2026 | Snyderman David J.10% owner | Sale | 6,503 | $0.92 | $6.0K | Form 4 |
| Apr 2, 2026 | Snyderman David J.10% owner | Sale | 13,253 | $0.93 | $12.3K | Form 4 |
| Apr 1, 2026 | Snyderman David J.10% owner | Sale | 3,332 | $0.95 | $3.2K | Form 4 |
| Mar 31, 2026 | Supernova Management LLC10% owner | Sale | 12,378 | $0.93 | $11.5K | Form 4 |
All 62 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- JANE STREET GROUP, LLCSCHEDULE 13G, 1 filing Oct 8, 202675
- Joseph StilwellSCHEDULE 13D/A, 12 filings Jul 7, 2022 to Aug 19, 202676
- Magnetar Financial LLCSCHEDULE 13G/A, 14 filings Feb 14, 2022 to Aug 14, 202677
- Howard AmsterSCHEDULE 13D/A, 8 filings Dec 15, 2023 to Feb 2, 202678
- Diveroli Investment Group LLCSCHEDULE 13D/A, 2 filings Sep 2, 2025 to Oct 2, 202579
- Ursa Fund Management, LLCSCHEDULE 13G/A, 2 filings Nov 7, 2024 to Mar 12, 202580
- AY2 Capital LLCSCHEDULE 13G/A, 2 filings Feb 14, 2024 to Feb 14, 202581
- MAGNOLIA CAPITAL FUND, LPSCHEDULE 13G/A, 4 filings Dec 2, 2021 to Jan 8, 202582
- William C. DerrickSC 13G/A, 8 filings Dec 6, 2021 to Nov 14, 202483
- Funicular Funds, LPSC 13G, 3 filings Dec 13, 2023 to Aug 9, 202484
- Steamboat Capital Partners, LLCSC 13D/A, 15 filings Oct 14, 2021 to Dec 29, 202385
- Corbin Capital Partners, L.P.SC 13G, 1 filing Oct 11, 202386
- JCP Investment Management, LLCSC 13D/A, 3 filings Nov 3, 2022 to Sep 25, 202387
- Calgary Granger LeveenSC 13D/A, 4 filings Apr 29, 2022 to Sep 1, 202388
- Daniel KhoshabaSC 13D/A, 3 filings Dec 14, 2021 to Jun 13, 202389
- SR Equity Ventures, LLCSC 13D/A, 4 filings Jun 2, 2022 to Jan 5, 202390
- CALM WATERS PARTNERSHIPSC 13G/A, 1 filing Feb 10, 202291
- FMR LLCSC 13G/A, 1 filing Feb 9, 202292
- Eidelman Virant CapitalSC 13G, 1 filing Feb 2, 202293
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | M. Andrew FranklinChief Executive Officer and President | $400.0K | $644.6K94 | |
| 2024 | Crystal PlumChief Financial Officer | $250.0K | $386.9K94 | |
| 2023 | M. Andrew FranklinChief Executive Officer and President | $400.0K | $645.5K94 | |
| 2023 | Crystal PlumChief Financial Officer | $250.0K | $387.3K94 | |
| 2022 | M. Andrew FranklinChief Executive Officer and President | $400.0K | $617.1K94 | |
| 2022 | Crystal PlumChief Financial Officer | $250.0K | $361.7K94 |
SEC filer profile
How Wheeler Real Estate Investment Trust, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARWheeler Real Estate Investment Trust, Inc.1
- CIK0001527541
- Employer ID (EIN)45-26810824
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressRiversedge North, 2529 Virginia Beach Blvd., Suite 200, Virginia Beach, VA 234521
- Phone757-627-90881
- Shares outstanding1,931,568 as of Aug 4, 202612
- Public float$3.4M as of Jun 30, 20254
- AuditorCherry Bekaert LLP, Virginia Beach, Virginia PCAOB ID 677; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceAug 17, 20111
- Filings1,895 in all: 8-K (468), 4 (422), 424B3 (255), SC 13D/A (88), 8-K/A (61), 3 (54), 10-Q (42), SC 13G/A (40)1
All 64 form types
CORRESP (38), UPLOAD (37), DFAN14A (35), EFFECT (30), SC 13G (28), DEFA14A (27), S-11/A (23), 144 (18), SC 13D (16), 10-K (14), DEF 14A (13), S-11 (13), S-3 (11), SCHEDULE 13G/A (11), 4/A (10), SC TO-I/A (9), D (8), 424B5 (7), 5 (7), PRE 14A (7), FWP (6), S-3/A (6), SC 13E3/A (6), 424B7 (5), 425 (5), POS AM (5), SCHEDULE 13D/A (5), 8-A12B (4), DEFC14A (4), PREC14A (4), S-8 POS (4), 144/A (3), 3/A (3), 424B1 (3), ARS (3), CERTNAS (3), POS EX (3), S-11MEF (3), S-4/A (3), S-8 (3), SC TO-I (3), 8-A12B/A (2), DFRN14A (2), S-4 (2), SC TO-C (2), 10-K/A (1), 10-Q/A (1), 25-NSE (1), 5/A (1), CERT (1), D/A (1), PRRN14A (1), RW (1), SC 13E3 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 5, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Jul 11, 2025
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | WHLR | Nasdaq |
| Series B Convertible Preferred Stock | WHLRP | Nasdaq |
| Series D Cumulative Convertible Preferred Stock | WHLRD | Nasdaq |
| 7.00% Subordinated Convertible Notes due 2031 | WHLRL | Nasdaq |
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
Legal proceedings
See the discussion set forth under the heading “Commitments and Contingencies" in Note 8 to the accompanying audited consolidated financial statements.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17SEC EDGARJon S. Wheeler, Chair
- 18
- 19
- 20
- 21
- 22
- 23
- 24
- 25
- 26
- 27SEC EDGARRobin A. Hanisch, Secretary
- 28SEC EDGARGregory Paul Hannon, Board member
- 29SEC EDGARRobert G. Brady, Board member
- 30SEC EDGARRebecca Musser, Board member
- 31SEC EDGARDennis Pollack, Board member
- 32SEC EDGARMegan Parisi, Board member
- 33
- 34SEC EDGARSaverio M. Flemma, Board member
- 35SEC EDGARClayton E. Andrews, Board member
- 36SEC EDGARDeborah Markus, Board member
- 37SEC EDGARPaula Poskon, Board member
- 38SEC EDGARJoseph Stilwell, Board member
- 39SEC EDGARDaniel Khoshaba, Board member
- 40SEC EDGAREj Borrack, Board member
- 41SEC EDGARKerry G. Campbell, Board member
- 42SEC EDGARStefani D. Carter, Board member
- 43SEC EDGARSean F. Armstrong, Board member
- 44SEC EDGARAndrew R. Jones, Board member
- 45SEC EDGARKurt R. Harrington, Board member
- 46SEC EDGARStewart J. Brown, Board member
- 47SEC EDGARWarren D. Harris, Board member
- 48SEC EDGARCarl B. McGowan Jr., Board member
- 49SEC EDGARJeffrey M. Zwerdling, Board member
- 50SEC EDGARAnn L. McKinney, Board member
- 51
- 52SEC EDGARSanjay Madhu, Board member
- 53SEC EDGARWilliam Walter King, Board member
- 54
- 55SEC EDGARUnregistered sale of shares
- 56
- 57SEC EDGARDirector nominations
- 58SEC EDGARUnregistered sale of shares
- 59
- 60
- 61SEC EDGARUnregistered sale of shares
- 62SEC EDGARUnregistered sale of shares
- 63SEC EDGAREntered a material agreement
- 64
- 65SEC EDGARUnregistered sale of shares
- 66NasdaqNasdaq calendar
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75
- 76
- 77
- 78
- 79
- 80
- 81
- 82
- 83
- 84
- 85
- 86
- 87
- 88
- 89
- 90
- 91
- 92
- 93
- 94