Wheeler Real Estate Adjusts Convertible Notes Conversion Price

Wheeler Real Estate Investment ( (WHLR) ) has shared an update.

Wheeler Real Estate Investment Trust, Inc. announced an adjustment to the conversion price of its 7.00% Subordinated Convertible Notes due 2031, reducing it to approximately $2.82 per share of Common Stock, representing a 45% discount from the previous conversion price. This adjustment follows the June 2025 redemptions of Series D Preferred Stock, where the company processed 1,100 shares for redemption, settling through the issuance of 8,871 shares of Common Stock. Looking ahead to July 2025, the company anticipates potential challenges in meeting redemption requests due to a possible shortage of registered Common Stock, prompting plans to file a new registration statement to cover future redemptions.

Spark’s Take on WHLR Stock

According to Spark, TipRanks’ AI Analyst, WHLR is a Neutral.

The overall stock score is primarily affected by financial performance with operational efficiency and cash flow strength. However, high leverage and weak equity base are significant risks. Technical indicators suggest bearish sentiment, further weighing down the score.

To see Spark’s full report on WHLR stock, click here.

More about Wheeler Real Estate Investment

Wheeler Real Estate Investment Trust, Inc. operates in the real estate investment sector, focusing on the acquisition, financing, and management of income-producing retail properties. The company primarily deals with real estate investment trusts (REITs) and provides investment opportunities through various stock offerings.

Average Trading Volume: 239,078

Technical Sentiment Signal: Sell

Current Market Cap: $2.91M

For a thorough assessment of WHLR stock, go to TipRanks’ Stock Analysis page.