U.S. markets closed

Wheeler Real Estate Investment Trust, Inc. (WHLR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
3.9000-0.1500 (-3.70%)
At close: 4:00PM EDT
Sign in to post a message.
  • J
    Just Me
    “Alluvial Capital Management, in their Q1 2021 investor letter, mentioned Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR), and shared their insights on the company. Wheeler Real Estate Investment Trust, Inc. is a Virginia Beach, Virginia-based commercial real estate investment company that currently has a $40.9 million market capitalization. Since the beginning of the year, WHLR delivered a decent 52.35% return, impressively extending its 12-month gains to 217.29%. As of April 30, 2021, the stock closed at $4.22 per share.
    Here is what Alluvial Capital Management has to say about Wheeler Real Estate Investment Trust, Inc. in their Q1 2021 investor letter:
    "Alluvial’s special situations continue to develop positively. Wheeler REIT reported growth in net operating income in the fourth quarter. The company replaced some high-cost debt with cheaper, longer-maturity debt and completed a tender offer for Series D Preferreds. The company has announced a second, larger tender offer for additional preferred shares. Wheeler still faces challenges, but the preferred stock remains well-covered by Wheeler’s asset value and cash flows. I expect continued progress as the year goes on and foot traffic increases at Wheeler’s properties. Wheeler Series D Preferreds are up modestly from our purchase price, while dividends continue to accrue."
  • J
    Just Me
    1Q out blaaa how on earth did interest exp go up 4.5m in a quarter? (New loan is 8% IO )
  • S
    Steve Stevens
    Can someone please offer some advice. I owned the common, of which I sold off and rotated it into the preferred B shares at the $6 price range. Yes, I have doubled my money, but could have made alot more holding the common. My primary reason for buying the B shares is the accrued dividend. Someone mentioned recently that this dividend payment is in jeopardy. The shares have basically flat-lined in the $12 level for a while now...my question, is it worth hanging onto the B shares?
  • J
    Just Me
    12m Modified Dutch D auction out (not sure how this differs from last one 1.5m shares wanted to tender last go round but they bought only 6m) The loan was 30m what are they saving the other 12m for ? Paid off the 11m in maturities?
  • A
    Anonymous
    What is everyone thinking about Magnolia's 13-D? They switched to an activist stance....
  • J
    Just Me
    I’ve lost track..1.5m tendered yet they only bought 6m worth. What happened to the rest, ie is the tender over? What did they do with the rest of the cash? Who is there so much d and b volume lately
  • J
    Just Me
    Asset values going up.. “According to JLL Research’s recently released U.S. Grocery Tracker 2021 report, grocery-anchored retail centers continue to be investors’ preferred retail property type. Single-tenant grocery assets, like the ones represented in this portfolio, along with grocery-anchored retail under 100,000 square feet, will be one of the most sought-after asset classes during the recovery. JLL anticipates there will be significant cap rate compression over the next 12 to 18 months”
  • A
    Anonymous
    See the new 13-G today on WHLRD. Magnolia had to have bought most or all of Stilwell's pfd D.
  • A
    Anonymous
    Is everyone paying attention to the litigation filed a few days ago by JCP Partnership?

    On March 22, 2021, the Reporting Persons filed a Complaint for Declaratory and Injunctive Relief and Damages (the “Complaint”) against the Issuer and controlling persons of the Issuer in the United States District Court for the District of Maryland to seek to halt the Issuer’s attempt to unilaterally amend the Articles Supplementary in order to avoid the mandatory redemption of certain shares of the Issuer’s preferred stock, including the Shares, required by the Asset Coverage Provision. In addition, the Complaint states that the plaintiffs believe that the Issuer and its control persons have violated Section 10(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 10b-5 under the Exchange Act through their acts and omissions with respect to the Shares. The Complaint requests that the court enjoins the Issuer from continuing to violate the Articles Supplementary, compels the Issuer to redeem the Shares in accordance with the Articles Supplementary and awards the Reporting Persons certain monetary damages.
  • J
    Just Me
    Anyone notice the 14k block on the ask at 12? It was 20k now 14k sitting there for over a week . Is it a real seller or someone trying to cap price at 12?
  • J
    Just Me
    Form 4 Stillwell have a hard time reading these did he sell D a d buy some B?
  • J
    Just Me
    Did anyone else catch this? Tender round 2? “(d) Notices. The Administrative Agent shall have received a Notice of Borrowing pursuant to Section 2.02 hereof directing payment of $18,834,233 of the Loan proceeds, which are not expected to be applied in the initial Series D Redemption, into the Backup Account and a flow funds which is otherwise satisfactory to the Lenders”
  • J
    Just Me
    So am I understanding this correctly 1.467 m wanted to tender but they only bought 387k at 15.5 ? “Company has accepted for purchase 387,097 Series D Shares at a purchase price of $15.50 per share, for an aggregate cost of $6,000,000” what are they doing with the new 35m try another D tender ?
  • J
    Just Me
    D share count guessing 2.8m after this (18m total spent) leaves 17m cash left , another stab at it may grab 1m shares so I’m guessing leaves 1.8m shares. They have well over 1m a mo cash flow , could they be the ones buying in open market ? They Can buy 50k shares a mo or 300k this yr so yr end I’m guessing 1.5m D left. Now what?
  • J
    Just Me
    Huge spread on B ..bid 12 ask 13.99 seems a bit odd
  • J
    Just Me
    S11 is a bit of a head scratcher
  • r
    ryan
    What is going on after hours? up above $5?
  • J
    Just Me
    8k Wilmington savings MUCH MUCH better..$35m 8% looks like D tender going thru and leaves $ for D buy round 2...keep cleaning up that D (soon little brother B will be an only child)
  • J
    Just Me
    Someone either wants out of B or is accumulating..putting up 20k on ask allows them to gather everything below it..than move block down
  • C
    Caity
    Going to POP to $7+ by open tomorrow.