Wheeler Real Estate Investment Trust (NASDAQ:WHLR) Releases Earnings Results

by · The Cerbat Gem

Wheeler Real Estate Investment Trust (NASDAQ:WHLR – Get Free Report) announced its quarterly earnings results on Thursday. The real estate investment trust reported ($113.37) earnings per share for the quarter, FiscalAI reports. Wheeler Real Estate Investment Trust had a negative return on equity of 186.97% and a net margin of 14.99%. The company had revenue of $23.16 million during the quarter.

Wheeler Real Estate Investment Trust Stock Performance

WHLR stock opened at $0.39 on Friday. The firm has a 50 day moving average price of $12.89 and a 200-day moving average price of $36,653.76. Wheeler Real Estate Investment Trust has a 52-week low of $0.34 and a 52-week high of $266,328.00. The firm has a market capitalization of $61,600.00, a price-to-earnings ratio of -0.00 and a beta of 1.26.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Check Out Our Latest Research Report on WHLR

About Wheeler Real Estate Investment Trust

(Get Free Report)

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning and operating retail properties, particularly grocery-anchored shopping centers. Its properties are designed to serve everyday consumer needs and typically include supermarkets, pharmacies, restaurants, and other service-oriented tenants.

The company’s portfolio has historically been concentrated in the Mid-Atlantic and Southeastern United States. Wheeler seeks to generate rental income through leasing space to grocery retailers and other commercial tenants, while managing property operations, tenant relationships, and redevelopment or repositioning opportunities where appropriate.

Wheeler Real Estate Investment Trust was established in 2012 and became a publicly traded company in 2015.

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