Dividends & Buybacks ·
Wheeler Real Estate implements one-for-nine reverse stock split, reducing outstanding shares to roughly 568,211
WHLRWheeler Real Estate Investment Trust, Inc.
Wheeler Real Estate Investment Trust, Inc. filed Articles of Amendment to its charter on September 17, 2026, announcing a one-for-nine reverse stock split of its Common Stock effective at 5:00 p.m. Eastern Time on September 21, 2026. The company will decrease the par value from $0.09 to $0.01 per share concurrently. Fractional shares resulting from the split will be cashed out based on the closing price on the effective date. Post-split, outstanding shares are expected to reduce from approximately 5,138,264 (including preferred conversions) to roughly 568,211 common shares. The conversion rates for its 7.00% Subordinated Convertible Notes Due 2031 and Series B and D Preferred Stock will be proportionately adjusted. Wheeler Real Estate Investment Trust, Inc. operates in the real estate industry, specifically investing in commercial properties.