Wheeler Real Estate Investment Trust, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed on June 29, 2017, by Wheeler Real Estate Investment Trust, Inc. (Wheeler REIT), a Maryland corporation. The report covers events occurring on June 28, 2017, including the announcement of preliminary unaudited financial results for May 2017 and specific asset dispositions.
Key Financial Metrics
The filing references preliminary unaudited Adjusted Funds From Operations (AFFO) results for May 2017. However, the specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity are not provided within the text of this Form 8-K; they are contained in the attached press release (Exhibit 99.1).
Material Changes and Asset Dispositions
- Asset Sales: The Company announced the sale of a raw land parcel at Carolina Place and an outparcel at Rivergate Shopping Center.
- Financial Results: Preliminary May 2017 AFFO results were announced, though specific figures are not detailed in this summary document.
Guidance, Outlook, and Management Commentary
Management has scheduled the release of financial results for the second quarter ended June 30, 2017, for Tuesday, August 8, 2017, after the close of trading. A conference call to discuss these results is scheduled for Wednesday, August 9, 2017, at 10:00 a.m. Eastern Standard Time. Specific details regarding the conference call will be provided at a later date.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated June 28, 2017) for specific May 2017 AFFO figures and details on the asset sales.
- Verify the financial performance and impact of the Carolina Place and Rivergate Shopping Center sales in the upcoming Q2 2017 earnings release.
- Confirm the date and dial-in details for the August 9, 2017, conference call once released.