Wheeler Real Estate Investment Trust, Inc.
Close on Oct 19, 2026
- Market cap
- $1.75M
- P/E (TTM)
- –
- Dividend yield
- –
About Wheeler Real Estate Investment Trust
Real Estate Investment Trusts, SIC 6798
Wheeler Real Estate Investment Trust, Inc. is a self-managed commercial real estate investment company. The trust acquires, owns, leases, and manages income-generating retail properties, centering its operations on necessity-based shopping centers anchored by grocery stores. It operates primarily through retail property leasing, frequently utilizing triple-net leases where commercial occupants cover property maintenance, operating expenses, insurance, and taxes. The company leases space to national and regional retailers that provide non-cyclical consumer staples, everyday goods, and local services.
The trust owns a commercial real estate portfolio comprising sixty-five properties located across secondary and tertiary markets in the United States. This portfolio includes sixty-two retail shopping centers totaling over seven million leasable square feet, along with three undeveloped land parcels encompassing approximately seven acres. Geographically, the properties are situated in the Mid-Atlantic, Southeast, and Northeast regions, spanning states including Virginia, Georgia, North Carolina, South Carolina, Tennessee, Kentucky, Alabama, and Pennsylvania. The provided report does not identify the location of the company's corporate headquarters.
Summary of the business section of Wheeler Real Estate Investment Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Wheeler Real Estate Investment Trust, Inc.
- Founded
- 2011
- Headquarters
- Virginia Beach, VA
- Address
- Riversedge North, 2529 Virginia Beach Blvd., Suite 200 23452
- Phone
- (757) 627-9088
- Website
- whlr.us
- Employees
- 49, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Cherry Bekaert LLP, Virginia Beach, Virginia
Stock & identifiers
- Ticker
- WHLR
- Other tickers
- WHLRD, WHLRL, WHLRP
- Exchange
- Nasdaq
- IPO date
- Nov 19, 2012
- Shares outstanding
- 2M, Aug 4, 2026
- Public float
- $3.38M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-9 reverse, Sep 22, 2026; 1-for-4 reverse, Aug 27, 2026; 1-for-5 reverse, Jul 28, 2026; 1-for-4 reverse, Jun 18, 2026; 1-for-3 reverse, Apr 20, 2026; 1-for-3 reverse, Jan 20, 2026; 1-for-2 reverse, Dec 1, 2025; 1-for-5 reverse, Sep 23, 2025; 1-for-7 reverse, May 27, 2025; 1-for-5 reverse, Mar 27, 2025; 1-for-4 reverse, Jan 28, 2025; 1-for-2 reverse, Nov 19, 2024; 1-for-3 reverse, Sep 20, 2024; 1-for-5 reverse, Jun 28, 2024; 1-for-6 reverse, Jun 20, 2024; 1-for-24 reverse, May 17, 2024; 1-for-10 reverse, Aug 18, 2023; 1-for-10 reverse, Aug 17, 2023; 1-for-8 reverse, Apr 3, 2017; 1-for-8 reverse, Mar 31, 2017
- SEC CIK
- 1527541
- EIN
- 45-2681082
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jason Simone | Chief Financial Officer | – |
| Michael Andrew Franklin | CEO | 3 |
| Patrick Gundlach | Chief Accounting Officer | – |
| Joseph Stilwell | Director | 87,843 |
| Gregory Paul Hannon | Director | – |
| Kerry G. Campbell | Director | 0 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2024 Mr.Franklin | $644.63K | $644.63K | $386.95K | $0 | – |
| FY2023 Mr.Franklin | $645.47K | $645.47K | $387.32K | $2 | – |
| FY2022 Mr.Franklin | $617.12K | $617.12K | $361.74K | $72 | – |
| FY2021 Mr. Franklin | $314.69K | $314.69K | $282.26K | $72 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we have 49 full-time employees.”
Corporate history
Events identified from SEC filings