Every 10-Q that Wheeler Real Estate Investment Trust, Inc (WHLR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow WHLR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WHLR filings page.
Wheeler Real Estate Investment Trust, Inc. reported Q2 2026 revenue of $22,476 thousand, down 13.9% year over year as prior-year asset sales reduced its portfolio, and net operating income declined to $15,625 thousand from $18,360 thousand. Operating income fell to $10,508 thousand and included a $1,590 thousand impairment on the Rivergate Shopping Center.
Although property earnings softened, net income improved to $9,746 thousand (versus a $1,000 thousand loss), and income attributable to common shareholders reached $7,147 thousand, helped by $4,885 thousand of gains on property disposals and a $7,566 thousand gain from changes in derivative liabilities. Cash, cash equivalents and restricted cash totaled $59,787 thousand at June 30, 2026, while loans payable, net were $458,109 thousand after using $21,642 thousand of sale proceeds to repay $5,700 thousand on the June 2022 term loan and fully retire a $4,400 thousand Tuckernuck loan.
The company continued reshaping its capital structure. It issued 119,215 common shares in exchanges for 139,250 Series B and 56,745 Series D preferred shares, retiring $5,800 thousand of preferred liquidation value, and settled redemptions of 44,547 Series D shares with 35,165 common shares. Cumulative undeclared dividends on Series D preferred stock reached $27.1 million at a 16.00% annual rate, and a recently effective prospectus registers up to 100,090,365 common shares for future Series D redemptions.
Wheeler Real Estate Investment Trust reported Q1 2026 revenue of $24.0 million, slightly below $24.4 million a year earlier, and a net loss attributable to common shareholders of $5.3 million versus a $6.9 million loss in Q1 2025.
Operating income was $10.2 million, helped by property sales that generated $2.6 million of gains. Same-property NOI rose to $15.0 million, up 7.9%, as rent spreads on renewals and new leases were positive. AFFO improved to $2.2 million, turning positive from $0.4 million.
Total assets were $594.0 million and loans payable, net, were $461.1 million. Shareholders’ equity showed a $4.3 million deficit, while total equity including noncontrolling interests was $24.1 million. The company continued asset sales and debt paydowns, redeemed and exchanged Series D preferred shares into common stock, and ended the quarter with $26.3 million of cumulative undeclared Series D dividends.
Wheeler Real Estate Investment Trust (WHLR) filed its Q3 2025 10‑Q. Total revenue was $23,821 thousand versus $24,792 thousand a year ago. Operating income was $5,493 thousand compared with $13,894 thousand last year, while a $14,989 thousand gain from derivative liabilities drove a swing to net income.
Net income attributable to Wheeler REIT was $11,527 thousand versus a loss of $33,320 thousand in Q3 2024. Interest expense was largely unchanged at $7,853 thousand. The company recorded $2,490 thousand of impairment charges and realized gains from property sales, including Winslow Plaza and Webster Commons, contributing to year‑to‑date gains on disposals. Cash from operating activities for the nine months was $18,764 thousand. Real estate, net, was $497,053 thousand, loans payable, net, were $487,336 thousand, cash and cash equivalents were $27,093 thousand, and restricted cash was $29,810 thousand.
At September 30, 2025, assets held for sale totaled $15,760 thousand. As of November 4, 2025, 1,227,937 common shares were outstanding.