Quarterly ResultNov 5, 2026, 04:36 PM
Wheeler REIT Q3 Net Loss $(5.5M); AFFO $2.8M; Same-Property NOI Up 5.8%
AI Summary
Wheeler Real Estate Investment Trust, Inc. reported its financial and operating results for the third quarter ended September 30, 2026. The company announced a net loss attributable to common stockholders of $(5,494) thousand, or $(113.37) per share. However, Adjusted Funds From Operations (AFFO) increased to $2,758 thousand, or $56.91 per share. Same-Property Net Operating Income (NOI) saw a 5.8% increase, and total revenue saw a slight decrease of 2.8%. The company also reported progress in reducing its debt and preferred capital.
Key Highlights
- Net loss attributable to common stockholders was $(5,494) thousand, or $(113.37) per share for Q3 2026.
- AFFO increased to $2,758 thousand, or $56.91 per share for Q3 2026.
- Same-Property NOI increased by 5.8% or $0.8 million.
- Total revenue decreased by 2.8% or $0.7 million to $23.2 million.
- Total debt reduced to $471.2 million from $482.8 million at year-end 2025.
- Series B Preferred liquidation value reduced by $16.6 million to $47.8 million.
- Executed 41 leases totaling 149,887 sq. ft. with strong rent spreads.
Price Impact
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