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Wheeler Real Estate Adjusts Convertible Notes Price

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Wheeler Real Estate Adjusts Convertible Notes Price

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Wheeler Real Estate Investment ( (WHLR) ) just unveiled an update.

In September 2025, Wheeler Real Estate Investment Trust, Inc. adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $0.98 per share, following the redemption of Series D Cumulative Convertible Preferred Stock at a conversion price of approximately $1.78 per share. This adjustment represents a 45% discount and impacts the company’s financial strategy by increasing the number of common shares issued. During the September 2025 redemption, the company processed eight requests, redeeming 11,551 shares of Series D Preferred Stock and issuing 270,184 shares of common stock. Cumulatively, 1,700,025 shares of Series D Preferred Stock have been redeemed, with 982,000 shares of common stock issued in return, affecting the company’s stock structure.

The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.

Spark’s Take on WHLR Stock

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

The overall stock score is primarily influenced by strong operational efficiency and cash flow management, offset by high financial leverage and low profitability. The technical analysis indicates a bearish trend, and the stock’s valuation is unappealing due to a zero P/E ratio and no dividend yield. These factors together lead to a moderate risk assessment for the stock.

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 industry, focusing on acquiring, financing, and managing income-producing retail properties in secondary and tertiary markets across the United States.

Average Trading Volume: 1,504,559

Technical Sentiment Signal: Sell

Current Market Cap: $2.87M

For detailed information about WHLR stock, go to TipRanks’ Stock Analysis page.

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