Wheeler Real Estate Investment TrustNASDAQ: WHLR

VIRGINIA BEACH, VA / ACCESSWIRE / August 6, 2024 / Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) announced today that it has reported its financial and operating results for the three and six months ended June 30, 2024 on Form 10-Q. In addition, the Company has posted supplemental information to its website regarding Wheeler Real Estate Investment Trust's financial and operating results for the three and six months ended June 30, 2024.

Wheeler Real Estate IT (NASDAQ: WHLR ) stock is rising on Wednesday after the real estate investment trusts ( REIT ) company announced plans to distribute unregistered shares. A press release from the company reveals that it will likely issue unregistered shares of WHLR stock to cover redemptions of Series D Preferred Stock in December.

Wheeler Real Estate (WHLR) stock price has crashed to a record low as concerns about the company's future continue. The REIT's shares plunged to a low of $0.4156 on Tuesday, down by over 99.9% from the highest point during the pandemic.

Wheeler Real Estate IT (NASDAQ: WHLR ) stock is soaring higher on Wednesday without any new news from the commercial real estate investment trust ( REIT ). The company hasn't made any filings with the Securities and Exchange Commission or put out any press releases that would act as a catalyst for today's movement.

Value-focused investors are always on the hunt for stocks that are priced below their intrinsic value. One such stock that merits attention is Wheeler Real Estate Investment Trust Inc ( WHLR , Financial).