Wheeler Real Estate Investment Trust, Inc. - Common Stock (WHLR)
5.5000
-0.4300 (-7.25%)
Wheeler Real Estate is a real estate investment trust (REIT) that specializes in owning, operating, and leasing retail and mixed-use properties primarily located in the United States
The company focuses on enhancing the value of its properties through strategic acquisitions, leasing, and property management. By investing in shopping centers and other retail assets, Wheeler Real Estate aims to create stable income streams and provide attractive returns for its shareholders while contributing to the vitality of the communities it serves.
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Wheeler Real Estate shares are trading higher Friday after the company announced that the United States Court of Appeals for the Fourth Circuit affirmed a 2023 order dismissing a putative class action complaint filed against the company and Cedar by purported holders of Cedar's preferred stock.
