Diveroli Investment Group Increases Stake in Wheeler REIT

Diveroli Investment Group (DIG) has announced a 9.48% ownership in Wheeler Real Estate Investment Trust (WHLR), filing a significant Schedule 13D with the SEC. DIG finds WHLR's retail property portfolio undervalued, suggesting its assets far exceed current market capitalization. Their interest is driven by Wheeler's robust asset portfolio exceeding $600 million, and a debt structure not maturing until 2031 or later.

Key attributes include Wheeler's 7.5 million square feet of grocery-anchored retail centers across major U.S. regions, maintaining over 90% occupancy and stable cash flows. DIG sees this as a compelling value opportunity, especially with anticipated Federal Reserve rate cuts that could enhance REIT valuations.

With blue chip tenants and strategic debt management, DIG identifies WHLR's potential for portfolio resilience and financial growth. Anticipated rate cuts could further reduce financing costs and enhance property values, driving potential valuation rerating.