WHLR Stock Recent News

Wheeler Real Estate IT (NASDAQ: WHLR ) stock is rising on Wednesday after the real estate investment trusts ( REIT ) company announced plans to distribute unregistered shares. A press release from the company reveals that it will likely issue unregistered shares of WHLR stock to cover redemptions of Series D Preferred Stock in December.

Wheeler Real Estate (WHLR) stock price has crashed to a record low as concerns about the company's future continue. The REIT's shares plunged to a low of $0.4156 on Tuesday, down by over 99.9% from the highest point during the pandemic.

Wheeler Real Estate IT (NASDAQ: WHLR ) stock is soaring higher on Wednesday without any new news from the commercial real estate investment trust ( REIT ). The company hasn't made any filings with the Securities and Exchange Commission or put out any press releases that would act as a catalyst for today's movement.

Many high-quality equity REITs are trading at substantial discounts on price-to-NAV ratios. REITs with good management teams should be able to gain a premium to NAV, but very few are achieving this currently. The amount of new apartment construction poses a risk, but some REITs are trading at unusually cheap price-to-NAV ratios.

Value-focused investors are always on the hunt for stocks that are priced below their intrinsic value. One such stock that merits attention is Wheeler Real Estate Investment Trust Inc ( WHLR , Financial).

Wheeler REIT is facing a potential dilution crisis as the deadline for Series D preferred shares to be converted into cash or common shares approaches on September 21, 2023. The company intends significant additional amounts of common stock be issued, which could cause significant selling pressure across Wheeler share classes. The situation could lead to a massive dilution with little benefit for any stakeholders, obscuring otherwise good operating results at the Wheeler entity level.

Armada Hoffler Series A Preferred Stock: 7.7% Yield And 14% Upside To Par.

The first tender offer for Wheeler Preferred D shares was unsuccessful, as expected, but now the terms have changed. Given the revised incentives around the tender offer, I believe it is more likely that holdouts will break ranks and tender their shares.

Wheeler has announced a tender offer for all outstanding preferred D shares. Based on the terms and market reaction, the deal seems unlikely to be accepted without being sweetened.

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