Target #07Nasdaq: WHLRGrocery-anchored retail REITUnited States
WHLR
Wheeler Real Estate Investment Trust, Inc.
$0.485319.39%USD · Nasdaq, delayed
// Intel
Key numbers
Market cap$475.0K
Volume883,036
52-week high$263,462
52-week low$0.5251
From 52w high-99.9998%
Shares (implied)978,675
1% stake costs$4.7K
Rank#7 smallest of 10
// Profile
About Wheeler REIT
Virginia Beach-based, self-managed REIT that owned 56 retail shopping centers (about 6.8M sq ft, mostly grocery-anchored) across 14 states at June 30, 2026, including the former Cedar Realty portfolio.
Why it’s a target
Real shopping centers with real tenants, under common equity worth about $0.6M after a 1-for-6 split on October 30. The gap is the capital structure, and capital structures get renegotiated by whoever holds enough of them.
Main risk
Preferreds and convertible notes keep converting into common, and the board is already asking for another 1-for-2 to 1-for-100 split in January 2027. The common is the most junior claim on the properties.
// The ladderWHLR
- 1%Top holder$4.7KTop-holder list on most micro-caps
- 5%13D filed$23.7KSchedule 13D/13G beneficial-owner filing
- 10%Insider$47.5KSection 16 insider status
- 50.1%Control$238.0KMajority control of the vote
Costs at the last price, before market impact.
// In play