WHLRD News and Press, Wheeler Real Estate Investment Trust Inc. Series D Cumulative Preferred Stock From 07/12/23

2023-07-12 08:05:00 ET Summary We are recycling capital from one REIT to another. We are selling one REIT that has reached our fair value target. And we are reinvesting the proceeds into a new opportunity. It is quite rare for us to sell a position. We recognize ...

Summary The first tender offer for Wheeler Preferred D shares was unsuccessful, as expected, but now the terms have changed. Given the revised incentives around the tender offer, I believe it is more likely that holdouts will break ranks and tender their shares. Many risks are prese...

Summary Flying under-the-radar amid recession concerns and the looming shadow cast by their persistently-troubled mall peers, the outlook for Strip Center REITs has improved considerably over the past year. The combination of near-zero new development and positive net absorption since e...

Summary Shopping Center REITs are one of the better-performing property sectors this year- outpacing their mall REIT peers - as impressive earnings results and record-low store closings have offset looming recession concerns. The versatility and larger footprint of the strip cente...

Summary U.S. equity markets posted their third-straight week of declines while interest rates pushed toward post-GFC highs as Fed officials doubled down on their hawkish pivot despite another slate of soft economic data. Extending a three-week selloff that has erased much of the m...

Summary U.S. equity markets were slammed after Fed Chair Powell made clear the Fed's intentions to raise interest rates and accept "some pain" for U.S. households in its battle against inflation. Declining for the second-straight week and posting its worst weekly losses since June...

"Bad news was good news" this past week as U.S. equity markets were broadly higher after weakening economic data in the U.S. and Eurozone pulled benchmark interest rates to two-month-lows. Delivering just its fourth up-week in the past sixteen weeks, the S&P 500 advanced 2.6% whil...

Wheeler recently cut a deal to take over the less-desirable properties from the Cedar Realty Trust liquidation. Despite the lower quality of these locations, they are actually well in line with the broader Wheeler portfolio and provide cash flow the business desperately needs. The...

After rejecting two prior offers from Prologis, Duke Realty entered into a definitive agreement to be acquired by Prologis in an all-stock deal valued at $26 billion. Continental Resources received a non-binding proposal from its founder, Harold Hamm, to acquire all outstanding shares...

Shopping Center REITs are the second-best performing major property sector this year - significantly outpacing their mall REIT peers, despite the recent "retail rout" and moderation in stimulus-fueled retail spending trends. After a surge in store closings during the pandemic, the num...