Wheeler Real Estate Investment Trust, Inc. (WHLR) Form 424B3 — Aug 6, 2026
Wheeler REIT filed Prospectus Supplement No. 20 on August 6, 2026, a 424B3 that folds its Form 10-Q for the quarter ended June 30, 2026 into the prospectus covering up to 673,971 common shares. The supplement is procedural, but the embedded 10-Q exposes a heavily distressed capital structure. Q2 2026 revenue fell 13.9% year over year to $22.5 million while consolidated net income swung to $9.7 million from a $1.0 million loss, powered by a $7.6 million non-cash derivative fair-value gain and $4.9 million of disposal gains.
Key figures
- Eps
- 0.24
- Revenue
- 22476000
- Net Income
- 9746000
- Total Debt
- 471697000
- Total Assets
- 593376000
- Cash Position
- 31873000
- Shares Outstanding
- 1931568
- Loans payable net
- 458109000
- Six month revenue
- 46483000
- Latest reverse split
- 1-for-5 effective July 27, 2026
- Six month net income
- 8575000
- Aquino settlement cap
- 900000
- Series d dividend rate
- 16.00% annual
- Series d carrying value
- 70199000
- Impairment charge q2 2026
- 1590000
- Same property noi q2 2026
- 14954000
- Total shareholders equity
- 5697000
- Convertible notes principal
- 29353000
- Same property noi change q2
- -6.9%
- Reverse splits since jan 2025
- 9
- Series d dividends in arrears
- 27100000
- Ffo available to common q2 2026
- 8735000
- Shares covered by this prospectus
- 673971
- S11 redemption shares registered jul 2026
- 100090365
- Convertible notes conversion price jul 2026
- ~$3.35
- Convertible notes conversion price jun 2026
- $13.86
AI analysis
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