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Starlost

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Starlost

Re: jjtcwine post# 178

Wednesday, 11/29/2023 9:19:10 AM

Wednesday, November 29, 2023 9:19:10 AM

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"Wheeler Real Estate is not doing well. The most recent results showed that the company’s total loss jumped to over $30 million in the third quarter. Its net loss per basic and diluted shares was $30.6 while its funds from operations was a loss of over $11 million.

A key challenge for Wheeler is that it has a huge mountain of debt. It has over $671 million in total assets and total debt of over $495 million. It increased its debt by $11 million in the last quarter by borrowing $11.6 million from Cornerstone Bank."

https://www.investorsobserver.com/news/qm-news/5950373110257102

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