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
Industry (SIC)
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
SC 13E3/A
Going private transaction (amended)
23 Jan 23
SC TO-I/A
Issuer tender offer statement (amended)
23 Jan 23
8-K
Wheeler Announces the Expiration and Final Results of the Exchange Offer and Consent Solicitation
23 Jan 23
EFFECT
Notice of effectiveness
13 Jan 23
SC 13E3/A
Going private transaction (amended)
12 Jan 23
SC TO-I/A
Issuer tender offer statement (amended)
12 Jan 23
424B3
Prospectus supplement
12 Jan 23
425
Business combination disclosure
5 Jan 23
8-K
Wheeler Real Estate Investment Trust, Inc. Announces Further Revisions to Its Exchange Offer and Consent Solicitation
5 Jan 23
SC 13E3/A
Going private transaction (amended)
5 Jan 23
Latest ownership filings
SC 13G/A
Magnetar Financial LLC
31 Jan 23
SC 13G/A
Leveen Calgary Granger
23 Jan 23
SC 13D/A
STILWELL JOSEPH
6 Jan 23
SC 13D/A
SR Equity Ventures, LLC
5 Jan 23
4
Michael Andrew Franklin
5 Jan 23
4
Kerry G. Campbell
5 Jan 23
4
JOSEPH STILWELL
5 Jan 23
SC 13D/A
Steamboat Capital Partners, LLC
21 Dec 22
SC 13D/A
Steamboat Capital Partners, LLC
21 Dec 22
4
Parsa Kiai
30 Nov 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 54.30 mm | 54.30 mm | 54.30 mm | 54.30 mm | 54.30 mm | 54.30 mm |
| Cash burn (monthly) | (no burn) | 1.47 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 6.38 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 47.93 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 32.7 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
| 13F holders | Current |
|---|---|
| Total holders | 33 |
| Opened positions | 13 |
| Closed positions | 4 |
| Increased positions | 6 |
| Reduced positions | 6 |
| 13F shares | Current |
|---|---|
| Total value | 33.77 mm |
| Total shares | 10.50 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Stilwell Joseph | 5.31 mm | $10.67 mm |
| Stilwell Value | 1.27 mm | $2.54 mm |
| Eidelman Virant Capital | 699.00 k | $880.00 k |
| Steamboat Capital Partners | 609.50 k | $5.06 mm |
| Calm Waters Partnership | 396.88 k | $770.00 k |
| Magnolia Capital Fund | 327.66 k | $1.25 mm |
| Magnolia | 327.66 k | $3.82 mm |
| JCP Investment Management | 305.88 k | $3.55 mm |
| Vanguard | 280.37 k | $365.00 k |
| Highland Capital Management Fund Advisors | 129.60 k | $739.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Jan 23 | Stilwell Joseph | Series B Convertible Preferred Stock Common Stock | Other | Acquire J | Yes | No | 40 | 134,820 | 5.39 mm | 134,820 |
| 3 Jan 23 | Stilwell Joseph | Series B Convertible Preferred Stock Common Stock | Other | Acquire J | Yes | No | 40 | 85,792 | 3.43 mm | 85,792 |
| 3 Jan 23 | Stilwell Joseph | Series B Convertible Preferred Stock Common Stock | Other | Acquire J | Yes | No | 40 | 596,473 | 23.86 mm | 596,473 |
| 3 Jan 23 | Campbell Kerry G. | Series B Convertible Preferred Stock Common Stock | Other | Acquire J | No | No | 40 | 3,268 | 130.72 k | 3,268 |
| 3 Jan 23 | Michael Andrew Franklin | Series B Convertible Preferred Stock Common Stock | Other | Acquire J | No | No | 40 | 873 | 34.92 k | 1,223 |
| 29 Nov 22 | Steamboat Capital Partners | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 1.9 | 31 | 58.90 | 654 |
| 29 Nov 22 | Steamboat Capital Partners | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 1.9 | 1,931 | 3.67 k | 40,447 |
| 28 Nov 22 | Steamboat Capital Partners | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 1.8734 | 72 | 134.88 | 623 |
| 28 Nov 22 | Steamboat Capital Partners | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 1.8734 | 4,424 | 8.29 k | 38,516 |
| 22 Nov 22 | Steamboat Capital Partners | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 1.85 | 22 | 40.70 | 551 |
Press releases
Wheeler Announces the Expiration and Final Results of the Exchange Offer and Consent Solicitation
23 Jan 23
Wheeler Real Estate Investment Trust, Inc. Announces Further Revisions to Its Exchange Offer and Consent Solicitation
5 Jan 23
Wheeler Real Estate Investment Trust, Inc. Announces Extension of Exchange Offer and Consent Solicitation
23 Dec 22