Wheeler REIT posts Q3 2026 net loss of $5.5 million as revenue falls 2.8%
Wheeler Real Estate Investment Trust reported a net loss attributable to common stockholders of $5.5 million for the three months ended September 30, 2026, and total revenue fell 2.8% year-over-year to $23.2 million. Management cited same-property NOI growth of 5.8%, higher occupancy and a $16.6 million reduction in Series B preferred liquidation value, but FFO was $(3.3) million compared with $18.1 million a year earlier, which matters for shareholders assessing the company's core operating earnings.
Key points
- Net loss attributable to common stockholders of $5.5 million, or $(113.37) per share, for the three months ended September 30, 2026
- Total revenue of $23.2 million, down 2.8% year-over-year, with 10 fewer centers than the prior year
- FFO of $(3.3) million versus $18.1 million a year earlier; AFFO of $2.8 million versus $2.0 million
- $6.8 million non-operating loss from changes in fair value of derivative liabilities; total debt of $471.2 million versus $482.8 million at year-end 2025
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.