Wheeler REIT investors mull report on Southeastern Grocers bankruptcy

|About: Wheeler Real Estate Inve... (WHLR)|By:, SA News Editor

There's fresh reports this morning that the parent of Winn-Dixie, Bi-Lo's, and Harvey's could file for bankruptcy as soon as next month, and with it the closing of nearly 200 stores.

According to Compass Point's Steve Manaker, those grocers make up about 14% of Wheeler Real Estate's (NASDAQ:WHLR) annual base rent, or $6M per year. Manaker figures, Wheeler would lose at least $0.11 per share in NOI and AFFO for every $1M of lost annual base rent.

Source: Bloomberg

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