Wheeler Real Estate Investment Trust 11/7/2024 Earnings Report

Wheeler Real Estate Investment Trust EPS Results

• Actual EPS: -$12,878.60
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Wheeler Real Estate Investment Trust Revenue Results

• Actual Revenue: $24.79 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Wheeler Real Estate Investment Trust Announcement Details

• Date: 11/7/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others. By pursuing properties in growing domestic markets, Wheeler REIT seeks to balance income stability with the potential for rental escalations over the lease term. The portfolio is diversified across multiple states and markets to reduce tenant and geographic concentration risks.

Founded in the mid-1990s and headquartered in Radnor, Pennsylvania, Wheeler Real Estate Investment Trust completed its initial public offering in the early 2000s. The company’s shares trade on the Nasdaq under the ticker symbol WHLR. Wheeler REIT is externally managed by Wheeler Real Estate Investment Management LLC, which oversees day-to-day operations, property acquisitions and investor relations on behalf of its board of trustees.