Wheeler REIT Q2 2026: revenue -14%, net income $8.6M on smaller below-the-line deductions

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Net income swung to $7.1M (prior -$5.0M) while operating income fell 30% to $10.5M, driven by lower below-the-line deductions (taxes/interest) rather than operational improvement.

  MD&A: Operating Results verify on EDGAR →
• high

  Same-Property NOI declined 6.9% in Q2 (to $15.0M from $16.1M) as property revenue fell 4.8% and expenses rose 0.2%, reversing prior year's 10.7% growth.

  MD&A: Same-Property NOI verify on EDGAR →
• high

  Portfolio contracted to 59 properties (56 retail centers) from 69 properties a year earlier; seven dispositions in H1 2026 for $21.6M net proceeds funded debt paydown and Cedar Preferred repurchases.

  MD&A: Property Dispositions verify on EDGAR →