Brad Thomas
Dividend growth investing, REITs, newsletter provider, value

I Can't Fit A Square Peg In A Round Wheeler REIT

Back in November (2012) I wrote an article on Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR), the company had just listed shares on NASDAQ in an IPO that was formed with three million shares priced at $5.25 per unit ($15.8 million in proceeds). Today, almost eleven months after the IPO, Wheeler is the smallest publicly-traded shopping center REIT with a market capitalization of around $29.9 million.

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However, sometimes small things come in big packages. Wheeler has the highest paying dividend yield in the shopping center sector. The shares are currently priced at $4.20 and the current dividend yield is 10.0%.

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Since listing on November 19th (2012) Wheeler shares have declined by 20%...

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