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WHLR Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

Company profile

Ticker
WHLR, WHLRD, WHLRP
Exchange
Website
CEO
Daniel Khoshaba
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Wheeler Development, LLC • Wheeler Interests, LLC • Wheeler Real Estate, LLC • WHLR Management, LLC • Brook Run Associates, LLC • Chesapeake Square Associates, LLC • DF I - Courtland, LLC • DF I - Moyock II, LLC • Harbor Point Associates, LLC • LaGrange Associates, LLC ...
IRS number
452681082

WHLR stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 44.15M 44.15M 44.15M 44.15M 44.15M 44.15M
Cash burn (monthly) 19K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 68.33K n/a n/a n/a n/a n/a
Cash remaining 44.08M n/a n/a n/a n/a n/a
Runway (months of cash) 2320.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Oct 21 Magnetar Financial Investment Right 7.00% Senior Subordinated Convertible Notes Due 2031 Dispose X Yes No 2600000 - 2.6M 0
6 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.0011 2 20 2,568
6 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.0011 152 1.52K 185,230
6 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.0011 47 470.05 41,293
4 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.4275 22 229.41 2,570
4 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.4275 1,594 16.62K 185,382
4 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.4275 491 5.12K 41,340
4 Oct 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.3901 194 2.02K 41,831
4 Oct 21 Steamboat Capital Partners Series D Convertible Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 16.334 4,950 80.85K 101,395
27 Sep 21 Steamboat Capital Partners Series B Cumulative Preferred Stock Common Stock, $0.01 par value Sell Dispose S Yes No 10.7285 5 53.64 2,592

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

64.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 27 15 +80.0%
Opened positions 14 3 +366.7%
Closed positions 2 5 -60.0%
Increased positions 4 4
Reduced positions 3 2 +50.0%
13F shares
Current Prev Q Change
Total value 26.96M 16.37M +64.7%
Total shares 6.3M 4.1M +53.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Stilwell Joseph 1.18M $4.69M -8.2%
Stilwell Value 1.18M $5.98M NEW
Calm Waters Partnership 945K $2.62M 0.0%
Eidelman Virant Capital 546K $2.83M -8.1%
Steamboat Capital Partners 439.13K $1.78M NEW
Magnolia 327.66K $1.4M NEW
JCP Investment Management 305.88K $1M 0.0%
Magnolia Capital Fund 298.66K $1.21M NEW
Vanguard 292.19K $1.48M 0.0%
Renaissance Technologies 231.43K $1.17M +11.0%
Largest transactions
Shares Bought/sold Change
Stilwell Value 1.18M +1.18M NEW
Steamboat Capital Partners 439.13K +439.13K NEW
Kennedy Capital Management 0 -340.4K EXIT
Magnolia 327.66K +327.66K NEW
Magnolia Capital Fund 298.66K +298.66K NEW
Skylands Capital 207K +207K NEW
Stilwell Joseph 1.18M -105.27K -8.2%
Two Sigma Advisers 65.6K +65.6K NEW
Two Sigma Investments 48.36K +48.36K NEW
Eidelman Virant Capital 546K -48K -8.1%

Financial report summary

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Management Discussion
  • (1) Excludes the undeveloped land parcels. Includes assets held for sale.    
  • Total revenue was $15.49 million and $30.22 million for the three and six months ended June 30, 2021 compared to $15.17 million and $30.74 million for the three and six months ended June 30, 2020, representing an increase of 2.12% and a decrease of 1.71%, respectively, primarily due to two anchor vacancies, which additionally triggered co-tenancy provisions and lease modifications related to tenant bankruptcies. One of the vacant anchors was backfilled, with rent commencing in the second quarter of 2021. These negative impacts were partially offset by an increase in reimbursement revenue and a decrease in provision for credit losses as a result of decreased accounts receivable. The reimbursement revenue increase is a result of rate increases in insurance and real estate tax expenses and the timing of reimbursement billings. During the three months ended June 30, 2021, the credit losses on operating lease receivables and reimbursement revenue increases offset the revenue decreases. See Same Store and Non-same Store Operating Income for further details about the changes within operating revenue.
  • Total operating expenses for the three and six months ended June 30, 2021 were $12.11 million and $22.29 million, respectively, compared to $10.63 million and $22.63 million for the three and six months ended June 30, 2020, respectively, representing an increase of 13.84% and a decrease of 1.50%. During the three and six months ended June 30, 2021, depreciation and amortization decreased $807 thousand and $1.89 million, respectively, primarily as a result of lease intangibles becoming fully amortized and ceasing of depreciation and amortization as properties were classified as assets held for sale. During the three and six months ended June 30, 2021, impairment of assets held for sale was $2.20 million and during the three and six months
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: assignment, card, cessation, consideration, earlier, efficacy, error, floor, forfeited, index, leaseback, long, margin, mediation, Moyock, mutated, outreach, prejudgment, prime, privilege, refusal, Resignation, resigned, standing, subordinated, subscribe, subscription, trampoline, treatment, unexercised, unsubscribed, York
Removed: area, Incentive, reduced, rendered, replaced, represented