Wheeler Real Estate Invt Tr Stock Price, News & Analysis

Wheeler Real Estate Investment Trust (WHLR) announced its financial results for the third quarter and year-to-date ending September 30, 2022, via Form 10-Q. The company operates as a fully integrated REIT, mainly focusing on retail properties, particularly grocery-anchored centers. Supplemental financial information is available on their Investor Relations website. Investors can access detailed reports to review WHLR's performance metrics for a clearer understanding of the company's financial health.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has completed its merger with Cedar Realty Trust (NYSE:CDR), finalizing a strategic sale process. The merger establishes Wheeler as the owner of all outstanding shares of Cedar's common stock, which will no longer be publicly traded. Shareholders will receive $9.48 per share in cash, in addition to a special dividend of $19.52 per share declared prior to the merger. Cedar’s preferred stocks remain publicly traded. This merger is expected to enhance Wheeler’s portfolio in the retail sector.

Cedar Realty Trust has declared a special dividend of $19.52 per share, pending the completion of its merger with Wheeler Real Estate Investment Trust, Inc. Shareholders will receive a total of $29.00 per share from the sale of Cedar's assets and the merger. The special dividend is payable to shareholders on record by August 19, 2022, with payment expected on August 26, 2022. The merger closing is anticipated on August 22, 2022.

Cedar Realty Trust has completed the sale of 33 grocery-anchored shopping centers and a redevelopment property to a joint venture led by DRA Advisors for $879 million, including assumed debt. The prior sale of the Riverview Plaza redevelopment generated $34 million. This marks the first phase of the company's asset sale and merger with Wheeler Real Estate Investment Trust, which is anticipated to finalize in 4-6 weeks, valuing remaining assets at $291.3 million. Proceeds will be distributed to common shareholders post-merger.

Cedar Realty Trust (NYSE: CDR) has completed the sale of 33 grocery-anchored shopping centers and a redevelopment property for approximately $879 million, including assumed debt. This transaction marks the first step in a series of all-cash transactions leading to a merger with Wheeler Real Estate Investment Trust (NASDAQ: WHLR), valued at $291.3 million. Net proceeds will be distributed to shareholders upon merger completion, which is anticipated within the next 4-6 weeks.

Wheeler Real Estate Investment Trust (WHLR) has released its financial results for Q1 2022, as detailed in its Form 10-Q. The report is available on the company's Investor Relations page.

WHLR specializes in owning and managing income-generating retail properties, particularly grocery-anchored centers. Investors can access further information about the company through their website.

Cedar Realty Trust (CDR) has entered into definitive agreements for a series of all-cash transactions resulting from its strategic review. This includes selling a portfolio of 33 grocery-anchored shopping centers for $840 million and the Revelry redevelopment project for $34 million, along with a planned merger with Wheeler Real Estate Investment Trust (WHLR) valuing remaining assets at $291.3 million. The transactions are expected to yield over $29 per share for shareholders, representing a 16.6% premium to CDR's March 2 closing price. The sales are anticipated to close by Q2 2022, pending shareholder approval.

Axos Financial, Inc. (NYSE: AX) announced the election of Stefani Carter as an independent director, effective August 31, 2021. Carter brings a wealth of experience in legal, corporate governance, and public company board service. Chairman Paul Grinberg expressed confidence that her insights will benefit the company's growth. Carter, an attorney since 2005, has held various legal roles and has served in the Texas House of Representatives. Axos Financial continues its transformation from a consumer-focused bank to a diversified financial services entity.

WHLR Real Estate Investment Trust has released its financial results for Q1 2020, reporting on Form 10-Q. The company, headquartered in Virginia Beach, focuses on owning and operating income-producing retail properties, particularly grocery-anchored centers. Investors can also find supplemental information concerning the financial and operational performance for the period on the company’s Investor Relations webpage.