Wheeler Real Estate Investment Trust Reports Second Quarter 2024 Financial and Operating Results

Strategic Insights -

Wheeler Real Estate Investment Trust, Inc. has announced its financial and operating results for the three and six months ended June 30, 2024. The Company reported its results on Form 10-Q, which is available on its website, and also posted supplemental information to its website regarding its financial and operating results. Wheeler Real Estate Investment Trust is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties, with a primary focus on grocery-anchored centers. The Company is headquartered in Virginia Beach, Virginia, and its website is www.whlr.us.

Key Takeaways:

  • The Company reported its financial and operating results for the three and six months ended June 30, 2024, on Form 10-Q.
  • Wheeler Real Estate Investment Trust posted supplemental information to its website regarding its financial and operating results for the three and six months ended June 30, 2024.
  • The Company is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.
  • Wheeler Real Estate Investment Trust has 6 months ended June 30, 2024 revenues of $10.8 million.
  • The Company has 6 months ended June 30, 2024 net income of ($0.57) per share.
  • Wheeler Real Estate Investment Trust has a portfolio of 91 retail properties.
  • The Company has a total gross leasable area of approximately 6.5 million square feet.
  • Wheeler Real Estate Investment Trust has a primary focus on grocery-anchored centers.

Statistics:

  • Revenues for the 3 months ended June 30, 2024: $5.8 million
  • Revenues for the 6 months ended June 30, 2024: $10.8 million
  • Net income for the 3 months ended June 30, 2024: ($0.25) per share
  • Net income for the 6 months ended June 30, 2024: ($0.57) per share
  • Total gross leasable area: approximately 6.5 million square feet
  • Number of retail properties: 91

Sources:

  • Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
  • Form 10-Q (filings with the Securities and Exchange Commission)
  • https://ir.whlr.us (Investor Relations website)
  • www.whlr.us (Wheeler Real Estate Investment Trust website)