Wheeler Real Estate Investment Trust (NASDAQ:WHLR) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant, net leased retail and office properties. Founded in 2005 and based in Cleveland, Ohio, the company focuses on long-term, triple-net lease structures designed to deliver predictable cash flow streams. Since its initial public offering on the Nasdaq Stock Market under the ticker WHLR, Wheeler has built a diversified portfolio emphasizing creditworthy tenants and strategic lease terms.
The company’s core activities include sourcing and underwriting new property acquisitions, structuring lease agreements to transfer most property-related expenses to tenants, and actively managing its portfolio to optimize occupancy and rental rates. Wheeler targets net leased properties occupied by national and regional retailers, service providers and office tenants, seeking locations with strong demographic and traffic characteristics. Where appropriate, Wheeler also pursues selective redevelopment or enhancements to increase asset value and tenant retention.
Wheeler’s portfolio spans multiple geographic regions across the United States, with a concentration in the Southeastern and Midwestern markets. The company leverages local market expertise and a disciplined underwriting process to identify value-add opportunities, often in secondary and tertiary markets where competition for quality net leased assets is less intense. This regional diversification helps mitigate market concentration risk while enabling the portfolio to benefit from varied economic growth drivers.
The management team at Wheeler Real Estate Investment Trust consists of real estate professionals with extensive experience in investment analysis, asset management and capital markets. Supported by an internal platform of leasing, development and property management specialists, the leadership team is responsible for executing a growth strategy that balances disciplined acquisitions with prudent capital allocation. Wheeler’s board of directors provides oversight and guidance, ensuring the company adheres to best practices in corporate governance and risk management.
