Wheeler Real Estate Investment Trust, founded in 1999 and headquartered in Virginia Beach, Virginia, is a publicly traded equity REIT listed on Nasdaq under the ticker WHLR. The company focuses on acquiring, owning, and operating income-producing retail properties, with a primary emphasis on grocery-anchored shopping centers and necessity-based retail in secondary and tertiary markets across the Mid-Atlantic, Southeast, and Northeast regions of the United States. The portfolio spans approximately 8 million square feet of gross leasable area, primarily comprising strip centers, neighborhood centers, and free-standing retail properties. Tenants include nationally and regionally recognized retailers such as Food Lion, Kroger, Home Depot, Harbor Freight Tools, TJ Maxx, Burlington, Ross Dress for Less, Dollar Tree, and Planet Fitness. Wheeler’s investment strategy centers on necessity-driven retail assets that provide stable cash flows and resilience against e-commerce disruption. The company targets markets with strong demographic fundamentals and limited new retail supply, aiming to enhance value through active leasing, redevelopment, and selective acquisitions. Recent strategic initiatives include deleveraging efforts, preferred stock repurchases, and asset dispositions to strengthen the balance sheet and improve liquidity. Top market exposure includes Virginia, North Carolina, and South Carolina, with additional holdings in states such as Florida, Georgia, and New Jersey. While this regional concentration provides operational efficiencies, it also exposes the company to localized economic risks. Wheeler’s competitive positioning lies in its focus on grocery-anchored centers, which historically exhibit lower vacancy rates and consistent traffic, supporting long-term tenant retention and income stability.