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Wheeler Real Estate Investment Trust : Third Quarter 2025 Supplement

Wheeler Real Estate Investment Trust : Third Quarter 2025

articleWheeler Real Estate Investment Trust, Inc.December 1, 20255/news/wheeler-real-estate-investment-trust-third-quarter-2025-supplement
Wheeler Real Estate Investment Trust : Third Quarter 2025 Supplement

About this update from Wheeler Real Estate Investment Trust, Inc.

Hampton, VA SUPPLEMENTAL WHLR REAL ESTATE INVESTMENT TRUST €oliseum MQ€Iover Plaza Clover, SC WH" LR Table of Contents Page Glossary of Terms 4 Company Overview 6 Financial and Portfolio Overview 7 Financial and Operating Results 8 Financial Summary Consolidated Balance Sheets 14 Consolidated Statements of Operations 15 Reconciliation of Non-GAAP Measures 16 Debt Summary 19 Portfolio Summary Property Summary 21 Top Ten Tenants by Annualized Base Rent and Lease Expiration Schedules 24 Leasing Summary 26 Cautionary Note on Forward-Looking Statements This document contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor. When used in this presentation, the words "continue," "may," "approximately," "potentially," or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks include, but are not limited to:the use of and demand for retail space; general and economic business conditions, including the rate and other terms on which we are able to lease our properties; the loss or bankruptcy of the Company's tenants; the geographic concentration of our properties in the Mid-Atlantic, Southeast and Northeast; consumer spending and confidence trends, including those affecting the ability of individuals to spend in retail shopping centers; availability, terms and deployment of capital; substantial dilution of our common stock, par value $0.01 ("Common Stock") and steep decline in its market value resulting from the exercise by the holders of our Series D Cumulative Convertible Preferred Stock (the "Series D Preferred Stock") of their redemption rights and downward adjustment of the Conversion Price (as defined below) on our outstanding 7.00% Subordinated Convertible Notes due 2031 (the "Convertible Notes"), each of which has already occurred and is anticipated to continue; given the volatility in the trading of our Common Stock, whether we have registered and, as necessary, can continue to register sufficient shares of our Common Stock to settle rede...

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