CSIMarket
 
Wheeler Real Estate Investment Trust Inc   (WHLR)
Other Ticker:  
 
 
Price: $0.1685 $0.01 4.077%
Day's High: $0.19 Week Perf: -20.14 %
Day's Low: $ 0.17 30 Day Perf: -5.34 %
Volume (M): 280 52 Wk High: $ 15.80
Volume (M$): $ 47 52 Wk Avg: $4.19
Open: $0.18 52 Wk Low: $0.15



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 1
 Employees -
 Revenues (TTM) (Millions $) 103
 Net Income (TTM) (Millions $) -14
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) 16

Wheeler Real Estate Investment Trust Inc
Wheeler Real Estate Investment Trust Inc is a real estate investment trust (REIT) focused on the acquisition, leasing, and management of retail properties. The company primarily operates in secondary and tertiary markets in the United States, aiming to provide a satisfying shopping experience to consumers while generating stable and growing cash flows for its investors. Wheeler REIT owns a diverse portfolio of properties, including shopping centers, strip malls, and free-standing retail properties. The company's strategy involves active asset management, such as redeveloping and repositioning properties, to enhance their value and attract quality tenants. Overall, Wheeler REIT aims to provide attractive risk-adjusted returns to its shareholders through strategic property investments and effective management.


   Company Address: 2529 Virginia Beach Blvd Virginia Beach 23452 VA
   Company Phone Number: 627-9088   Stock Exchange / Ticker: NASDAQ WHLR
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Wheeler Real Estate Investment Trust Inc

Failed to Reach Profitability Despite Surge in Q3 2023 Revenue: A Deeper Look into Wheeler Real Estate Investment Trust Inc's Financial Results


As the financial three months closing on September 30, 2023 came to an end, Wheeler Real Estate Investment Trust Inc provided an interesting set of financial results. The company experienced a significant increase in shortfall per share at $-30.61. However, amidst this shortfall, Wheeler saw its revenue soar by 34.651% to $25.20 million compared to the same period last year, outpacing the industry contemporaries who recorded a growth rate of 4.23%. Even though these results seem worrisome at first glance, a deeper analysis reveals some promising signs for investors.
One of the most notable aspects of Wheeler's financial results is its robust revenue growth. The company's revenue surpassed that of its counterparts in the Real Estate Investment Trusts (REITs) sector, suggesting that Wheeler has effectively capitalized on favorable market conditions. This impressive revenue growth showcases Wheeler's ability to seize opportunities amidst a challenging real estate landscape.

Wheeler Real Estate Investment Trust Inc

Wheeler Real Estate Investment Trust Inc. Experiences Unprecedented Losses Surpassing Expectations in Fiscal Year Ending June 30, 2023



In its recent financial report for the fiscal time-frame closing on June 30, 2023, Wheeler Real Estate Investment Trust Inc has announced an increase in the shortfall per share compared to the previous year, alongside substantial revenue growth. Additionally, the company's shares have experienced a decline in value over the last five trading days.
Shortfall and Revenue Analysis:
Wheeler Real Estate Investment Trust Inc reported a shortfall per share of $-0.64 for Q2 2023, compared to $-0.24 the previous year, indicating a decline in profitability. Furthermore, the company's shortfall also increased from $-0.55 per share in the previous reporting season.

Wheeler Real Estate Investment Trust Inc

Headline: Wheeler Real Estate Investment Trust Inc Reports Encouraging Recovery as Losses Fade in Fiscal Period Ending March 31, 2023

Wheeler Real Estate Investment Trust Inc posted a net loss of $4 million during the 12 months that ended in the first quarter of 2023, leading to a negative return on investment (ROI) of -0.71%. Although within the Financial sector, the company's ROI ranking has deteriorated compared to the fourth quarter of 2022, falling from 0 to 3039. Moreover, 1026 other companies in the sector posted higher ROIs.
The good news for Wheeler Real Estate Investment Trust Inc was that revenue improved significantly in the January to March 31, 2023, period, rising by 68.2% to $26.07 million. This helped to slash losses to $0.55 per share, a significant improvement from $0.70 in the corresponding period a year ago. EPS also improved from a loss of $0.59 per share to a loss of $0.55 per share. However, revenue decreased by -3.284% from $26.95 million in Q4.






 

Wheeler Real Estate Investment Trust Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com