Wheeler: Kicking The Can

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About: Wheeler Real Estate Investment Trust, Inc. (WHLR)
by: Beyond Saving
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Summary

WHLR kicks the can down the road, taking an additional 60 days to pay off $18 million.

In addition to their refinancing issues, WHLR still has three vacant anchor spaces to deal with.

Investors should heed the warning signs and prepare for a poor Q3 earnings report next month.

Since May, I have been warning investors away from Wheeler REIT (WHLR) as it became clear that the properties they had gone out on a limb to purchase were not performing as advertised.