Wheeler Real Estate Investment Trust, Inc. has reported the results of its Series D Preferred Stock redemptions, a significant event that could affect its capital structure and investor sentiment. The company processed three redemption requests on November 5, 2026, redeeming a total of 1,903 shares of Series D Preferred Stock.

The redemption price for these shares was approximately $41.80 each, which includes the base price of $25.00 plus accrued dividends. To settle this redemption, Wheeler issued 74,374 shares of its common stock. This move is part of the company’s strategy to manage its equity and debt effectively.

Wheeler Real Estate Investment Trust operates under the Standard Industrial Classification (SIC) code 6798, which encompasses Real Estate Investment Trusts. This sector is characterized by companies that own, operate, or finance income-producing real estate across a range of property sectors.

According to the filing, the volume-weighted average closing price of Wheeler's common stock for the ten trading days leading up to the redemption date was approximately $1.07. This price point is significant as it provides context for the conversion price adjustment for the company’s 7.00% Subordinated Convertible Notes due 2031, which was set at approximately $0.59 per share.

As of the latest report, Wheeler has processed a total of 453 redemption requests, redeeming 1,834,581 shares of Series D Preferred Stock to date. The company has issued approximately 91,000 shares of common stock in settlement of these redemptions.

Looking forward, the next monthly round of Series D Preferred Stock redemptions is scheduled for December 7, 2026, with a deadline for redemption requests set for November 25, 2026. This ongoing process highlights Wheeler's commitment to managing its capital structure actively.

Wheeler Real Estate Investment Trust, Inc. is incorporated in Maryland and trades on the Nasdaq under the ticker symbols WHLR, WHLRD, WHLRP, and WHLRL. The company is categorized as a smaller reporting company and is classified as a non-accelerated filer.

Details were not available in the SEC filing regarding any further steps following this redemption announcement. The filing can be referenced under accession number 0001527541-26-000431.