WHLRD · Wheeler Real Estate Investment Trust, Inc.
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Wheeler Real Estate Investment Trust, Inc. agreed to issue 1,198,800 common shares for 39,300 Series B and 200 Series D preferred shares, retired the exchanged preferred stock, and scheduled a one-for-six reverse stock split effective October 29, 2026.
Wheeler Real Estate Investment Trust, Inc. reported sixty-two retail shopping centers totaling 7,018,837 leasable square feet and 94.3% leased at December 31, 2025, plus three undeveloped land parcels. The company effected a one-for-three reverse stock split on January 16, 2026.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Technicals
trend & momentum for long-term holders illustrative — not investment adviceIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| % Leased | 93.8% | Q2 FY2026 | — |
| % Occupied | 93.2% | Q2 FY2026 | — |
| Adjusted EBITDA non-GAAP | $24.1M | Six Months Ended June 30, 2026 | — |
| AFFO non-GAAP | $5.1M | Six Months Ended June 30, 2026 | — |
| AFFO per Common Share non-GAAP | $116.05 | Six Months Ended June 30, 2026 | — |
| Aggregate gross leasable area, end of period | 6,780,364 | Three Months Ended June 30, 2026 filing | — |
| Annualized Base Rent | $48.61M | Q2 FY2026 | — |
| EBITDA non-GAAP | $33.43M | Six Months Ended June 30, 2026 | — |
| FFO non-GAAP | $11.54M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net Income (Loss) 9.75M
+5.09M Depreciation and amortization of real estate assets
+1.59M Impairment charges
-4.89M Gain on disposal of properties, net
= FFO 11.54M
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| FFO available to common stockholders non-GAAP | $8.74M | Q2 FY2026 | — |
GAAP → non-GAAP reconciliationGAAP FFO 11.54M
-1.72M Preferred stock dividends - undeclared
-1.11M Dividends on noncontrolling interests preferred stock
+21K Preferred stock accretion adjustments
= FFO available to common stockholders 8.74M
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| FFO per Common Share non-GAAP | $169.78 | Six Months Ended June 30, 2026 | — |
| GLA | 4,837,188 | Q2 FY2026 | — |
| Leased Rate | 94.4% | Q2 FY2026 | — |
| Leases renewed with rate increase (count) | 22 | Three Months Ended June 30, 2026 filing | — |
| Leases renewed with rate increase (sq feet) | 64,916 | Three Months Ended June 30, 2026 filing | — |
| New leases (sq feet) | 15,575 | Q2 FY2026 | — |
| NOI | $15.63M | Three Months Ended June 30, 2026 filing | -14.9% |
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| Number of retail shopping centers owned and leased | 25 | Q2 FY2026 | — |
| Number of retail shopping centers owned and leased, end of period | 56 | Three Months Ended June 30, 2026 filing | — |
| Occupancy Rate | 93.6% | Q2 FY2026 | — |
| Option exercised (count) | 5 | Three Months Ended June 30, 2026 filing | — |
| Percentage Leased | 93.8% | June 30, 2026 | — |
| Percentage Occupied | 93.2% | June 30, 2026 | — |
| Renewal Rent Spread | 15.3% | Three Months Ended June 30, 2026 filing | — |
| Renewal Rent Spread (per sq foot) | $2.37 | Q2 FY2026 | — |
| Same-Property base rent revenue | 4.1% | Q2 FY2026 | — |
| Same-Property Net Operating Income non-GAAP | $29.6M | Six Months Ended June 30, 2026 | — |
| Same-Property NOI non-GAAP | 6.9% | Q2 FY2026 | — |
| Total leases renewed (count) | 20 | Q2 FY2026 | — |
| Total leases renewed (sq feet) | 59,456 | Q2 FY2026 | — |
| Total number of leases signed or renewed | 28 | Q2 FY2026 | — |
| Total sq. ft. leases signed or renewed | 75,031 | Q2 FY2026 | — |
| Weighted average rate (per sq foot) | $22.65 | Q2 FY2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WHLRD
this stock
Wheeler Real Estate Investment Trust, Inc.
|
$688,583 | -5.4% | -4.9% | — | — |
|
SPG
Simon Property Group Inc.
|
$73.41B | +23.4% | +6.7% | 16.4 | 2.9% |
|
O
Realty Income Corp
|
$56.52B | +4.7% | +9.1% | 41.0 | 4.0% |
|
KIM
Kimco Realty Corp
|
$17.19B | +25.9% | +5.1% | 23.9 | 4.9% |
|
UNBLF
Unibail-Rodamco SE
|
$14.92B | -8.2% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WHLRD | +2.0% | 0.0% | +5.6% | -0.7% | -5.4% |
| SPY | -0.6% | -1.8% | +2.2% | -0.9% | +10.8% |
| vs SPY | +2.5% | +1.8% | +3.4% | +0.2% | -16.2% |