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Wheeler Real Estate Investment Trust Preferred shares (WHLRP) have reached a new 52-week high, trading at $3.83, signaling a period of robust performance for the company. According to InvestingPro data, the company maintains a healthy current ratio of 1.3 and generates EBITDA of $53.77M, with an impressive gross profit margin of 65.98%. This milestone reflects a significant turnaround, with the stock demonstrating a remarkable 1-year change, soaring by 167.14%. While InvestingPro analysis indicates high price volatility, investors have shown increased confidence in Wheeler's strategic initiatives and operational efficiency, which have contributed to the stock's upward trajectory. The company's ability to adapt to the dynamic real estate market and deliver value to shareholders is evident in this latest financial achievement. Discover 10+ additional exclusive insights and real-time metrics with InvestingPro.
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