WHLR FY 2025 net income at USD 14.8 million as net changes in fair value of derivative liabilities swing to a USD 4.7 million gain

Reuters03-06
WHLR FY 2025 net income at USD 14.8 million as net changes in fair value of derivative liabilities swing to a USD 4.7 million gain

Wheeler REIT reported FY 2025 revenue of USD 99.4 million (-4.9%) and net income of USD 14.8 million for the year ended December 31, 2025. Net operating income was USD 66.4 million, while operating income was USD 43.2 million. Interest expense totaled USD 33.8 million (+3.5%). Wheeler REIT posted funds from operations (FFO) of USD 26.3 million and adjusted FFO (AFFO) of USD 10.3 million; FFO available to common stockholders and common unitholders was USD 13.7 million. Same-Property NOI was USD 60.2 million (+1.6%). Cash, cash equivalents and restricted cash were USD 48.6 million at December 31, 2025, and total debt was USD 482.8 million. Portfolio and corporate updates for FY 2025 included the sale of 10 retail shopping centers and one land parcel, generating USD 59.2 million in net proceeds, with a net gain on disposal of properties of USD 14.4 million. The company recorded USD 2.5 million of impairment charges on Carll’s Corner. At December 31, 2025, the portfolio comprised 65 properties (62 retail shopping centers and three undeveloped land parcels) totaling about 7.0 million square feet, with leased occupancy of approximately 94.3%. Wheeler REIT also continued capital and balance sheet actions, including multiple reverse stock splits during 2025 and preferred stock activity: it exchanged common stock for Series B and Series D preferred stock, retiring USD 36.2 million in preferred stock liquidation value, and processed redemptions of Series D preferred stock with settlement in common stock (USD 15.3 million redemption price). The company also disclosed total Series D preferred stock dividends in arrears of USD 25.6 million as of December 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wheeler Real Estate Investment Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001527541-26-000050), on March 05, 2026, and is solely responsible for the information contained therein.

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