Quarterly ResultAug 6, 2026, 04:16 PM
Wheeler REIT Q2 Net Income $9.75M; EPS $0.24; Multiple Reverse Splits
AI Summary
Wheeler Real Estate Investment Trust reported a net income of $9.75 million for Q2 2026, a significant improvement from a $1.0 million net loss in Q2 2025, with diluted EPS reaching $0.24. For the six months, net income attributable to common shareholders improved to $1.88 million from a $11.90 million loss. The company continued to execute property sales, generating gains, but also recorded a $1.6 million impairment charge. Multiple reverse stock splits were effected throughout 2025 and 2026, impacting share count and per-share metrics.
Key Highlights
- Q2 2026 Net Income was $9.75 million, a significant improvement from a $1.0 million loss in Q2 2025.
- Q2 2026 Diluted EPS was $0.24, up from $(17,105.08) in Q2 2025.
- Total Revenue for Q2 2026 decreased to $22.48 million from $26.10 million in Q2 2025.
- Net income attributable to common shareholders for H1 2026 was $1.88 million, up from $(11.90) million loss.
- Multiple reverse stock splits were effected in 2025 and 2026, including 1-for-5 in July 2026.
- Recorded a $1.6 million impairment charge on Rivergate Shopping Center in Q2 2026.
- Sold seven properties in H1 2026, generating $7.44 million in net gains.
- Invested an additional $5.0 million in related party Stilwell Activist Investments in 2026.
Price Impact
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