Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 11:08 AM
|This Slide: #374 of 573|
Slide #374. Wheeler Real Estate Investment Trust, Inc. — Preferred Stock Offering
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
Preferred Stock Offering Details:
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) ("Wheeler" or the "Company"), a company specializing in owning, acquiring, financing, developing, renovating, leasing and managing income producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties, announced today the pricing of a public offering and sale of 720,000 shares of its Series B Convertible Preferred Stock, without par value per share ("Preferred Stock") and Warrants (the "Warrants") to purchase an aggregate of 864,000 shares of its common stock, $0.01 par value per share (the "Common Stock"). This excludes the 108,000 shares of Preferred Stock and/or the 129,600 Warrants the underwriters may purchase to cover over-allotments.
Wheeler Real Estate Investment Trust serves as the general partner of Wheeler REIT, L.P. (the Operating Partnership). Substantially, all of Co.'s assets are held by, and all of its operations are conducted through, its Operating Partnership. Co. is a self-managed commercial real estate investment company that owns, leases and operates retail properties with a primary focus on grocery-anchored centers. Co.'s properties are located in Virginia, Florida, North Carolina, South Carolina, Georgia, Kentucky, Tennessee, New Jersey, Alabama, West Virginia, Oklahoma and Pennsylvania.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com