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Wheeler Real Estate Investment
Wheeler Real Estate Investment Trust, Inc. is a publicly traded real estate investment trust (REIT) that is listed on the New York Stock Exchange (NYSE) under the ticker symbol "WHEEL." The company was founded in 2012 and is headquartered in Virginia Beach, Virginia.
Wheeler Real Estate Investment Trust is focused on acquiring and managing a diversified portfolio of income-producing real estate properties, including retail, multifamily, office, and industrial assets. The company's investment strategy is focused on acquiring undervalued and under-managed properties, and then implementing value-enhancing improvements to increase rental income and property value.
As of December 31, 2022, Wheeler Real Estate Investment Trust's portfolio consisted of 59 properties totaling approximately 7.3 million square feet of rentable space. The company's properties are located in 14 states, with a focus on secondary and tertiary markets.
Some key details about Wheeler Real Estate Investment Trust include:
* Market capitalization: Approximately $750 million (as of March 11, 2023)
* Total properties: 59
* Total rentable square feet: 7.3 million
* States with properties: 14
* Focus: Value-add and opportunistic real estate investments
* Year founded: 2012
* Listed on NYSE: 2013
Wheeler Real Estate Investment Trust has a management team with extensive experience in real estate investment and management. The company's CEO is David M. Kelly, who has over 30 years of experience in the real estate industry. The company's CFO is John D. Alberts, who has over 25 years of experience in finance and accounting, including 15 years in the real estate industry.
The company's strategy is to acquire properties at discounts to replacement cost and then implement value-enhancing improvements to increase rental income and property value. Wheeler Real Estate Investment Trust has a long-term goal of providing sustainable and growing cash flows to its shareholders through a combination of rental income, accretive acquisitions, and strategic property dispositions.
In summary, Wheeler Real Estate Investment Trust is a publicly traded REIT that focuses on acquiring and managing a diversified portfolio of income-producing real estate properties, with a focus on value-add and opportunistic investments in secondary and tertiary markets. The company's management team has extensive experience in real estate investment and management, and the company has a long-term goal of providing sustainable and growing cash flows to its shareholders.