Wheeler Real Estate Investment Trust Inc (OQ:WHLR)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 2529 Virginia Beach Blvd.
Suite 200, Riversedge North
VIRGINIA BEACH VA 23452
Tel: 1-757-6279088
Website: https://www.whlr.us
IR: See website
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Key People
M. Andrew Franklin
President, Chief Executive Officer
Crystal Plum
Chief Financial Officer
 
Business Overview
Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment company. The Company owns, leases, and operates income-producing retail properties with a primary focus on grocery-anchored centers. It owns a portfolio consisting of seventy-nine properties, including seventy-five retail shopping centers, totaling 8,142,065 leasable square feet, and four undeveloped land parcels totaling approximately 61 acres. The properties are geographically located in the Mid-Atlantic, Southeast, and Northeast. The Company's income producing properties are located in South Carolina, Georgia, Virginia, Pennsylvania, North Carolina, Massachusetts, New Jersey, Florida, Connecticut, Kentucky, Tennessee, Alabama, Maryland, West Virginia, and Oklahoma. The Company generally leases its properties to national and regional supermarket chains and selects retailers that offer necessity and value-oriented services and items and generate regular consumer traffic.
Financial Overview
For the fiscal year ended 31 December 2023, Wheeler Real Estate Investment Trust Inc revenues increased 34% to $102.3M. Net loss applicable to common stockholders increased 36% to $29.2M. Revenues reflect Minimum rent segment increase of 26% to $72.6M, NAREIT FFO - Per Share - Basic - Total increase from -$3.2 to $2. Higher net loss reflects Net Operating Income (NOI) - Total decrease of 16% to $41M.
Employees: 52 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $612.91M as of Dec 31, 2023
Annual revenue (TTM): $102.33M as of Dec 31, 2023
EBITDA (TTM): $55.71M as of Dec 31, 2023
Net annual income (TTM): -$29.24M as of Dec 31, 2023
Free cash flow (TTM): -$3.35M as of Dec 31, 2023
Net Debt Last Fiscal Year: $459.54M as of Dec 31, 2023
Shares outstanding: 68,023,718 as of Mar 5, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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