Exhibit 99.1

FOR IMMEDIATE RELEASE

WHEELER REAL ESTATE INVESTMENT TRUST, INC. ANNOUNCES

2013 THIRD QUARTER AND NINE MONTHS OPERATING AND FINANCIAL RESULTS

Company has increased gross leasable area to

988,029 square feet from 348,490 square feet since November 2012 IPO

Virginia Beach, VA – November 14, 2013 – Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“Wheeler” or the “Company”), today reported operating and financial results for its three and nine month periods ended September 30, 2013.

Operating Highlights

Jon S. Wheeler, Chairman and Chief Executive Officer, commented, “We continue to expand our portfolio while maintaining high occupancy levels. During the third quarter, we acquired an additional three assets, increasing our property portfolio by over 437,000 square feet and expanding the Company’s geographic footprint into seven states across the mid-Atlantic and Southeastern region of the US. These properties fit our acquisition criteria of ‘necessity retail’ shopping centers in secondary and tertiary markets. We continue to focus on buying at attractive discounts to replacement cost while also adding a strong management component to each Wheeler property. Throughout our Company’s history we have taken a proactive approach to working with our tenants to help improve their business, which in turn helps Wheeler increase the revenue potential at each of its locations. We continue to report industry-leading occupancy rates, with over 95% of our entire portfolio currently leased. This is a testament to the hard work and dedication of all of Wheeler’s associates at every level, and we feel our Company has a team in place to grow even further.”

Mr. Wheeler concluded, “We continue to see a robust pipeline of acquisition opportunities at favorable prices in the markets Wheeler is targeting. A significant amount of the commercial mortgage backed securities issued between the periods of 2005-2007 are expected to mature in the coming years. We believe that many of the owners of the properties

subject to these loans are highly leveraged, with exceedingly limited access to capital and re-financing options. We feel this is a unique opportunity for our company to not only ‘buy well’, but to also add enhanced management value to properties that have likely been neglected under prior ownership. With our access to financial markets, we expect to capitalize on this opportunity and continue to grow our company at a rate that will maximize the Company’s return and create value for our shareholders. We look forward to keeping everyone apprised of our progress.”

Acquisition Activity

During the third quarter, Wheeler acquired three shopping centers in Florida, Tennessee, and Oklahoma for a combined acquisition value of $34.8 million. These properties include:

Subsequent to the third quarter, the Company acquired a 5,600 square foot free-standing building located in the Fairfield Shopping Center in Virginia Beach, Virginia for a purchase price of approximately $1.39 million. The property is 100% leased by Starbucks Coffee and Verizon Wireless.

Portfolio Summary

Operational Review

Financial Review

2013 Dividend Distribution

About Wheeler Real Estate Investment Trust, Inc.

Headquartered in Virginia Beach, VA, the Company specializes in owning, acquiring, financing, developing, renovating, leasing and managing income producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties. Wheeler’s portfolio contains strategically selected properties, primarily leased by nationally and regionally recognized retailers of consumer goods and located in the Mid-Atlantic, Southeast and Southwest regions of the United States.

Additional information about Wheeler and its properties can be found at its corporate website: www.whlr.us.

Financial Information

Additional information about Wheeler, including a copy of Wheeler’s Quarterly Report on Form 10-Q which includes the Company’s consolidated financial statements and Management’s Discussion & Analysis, will be available upon filing via the U.S. Securities and Exchange Commission website (www.sec.gov) or through Wheeler’s website at www.whlr.us.

FFO is a non-GAAP financial measure within the meaning of the rules of the Securities and Exchange Commission. Wheeler considers FFO to be an important supplemental measure of its operating performance and believes it is frequently used by securities analysts, investors and other interested parties in the evaluation of REITs, many of which

present FFO when reporting their results. FFO is intended to exclude GAAP historical cost depreciation and amortization of real estate and related assets, which assumes that the value of real estate assets diminishes ratably over time. Historically, however, real estate values have risen or fallen with market conditions. Because FFO excludes depreciation and amortization unique to real estate, gains and losses from property dispositions and extraordinary items, it provides a performance measure that, when compared year-over-year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, development activities and interest costs, providing perspective not immediately apparent from net income.

Management believes that the computation of FFO in accordance with NAREIT’s definition includes certain items that are not indicative of the operating performance of the Company’s real estate assets. These items include, but are not limited to, non-recurring expenses, legal settlements, legal and professional fees, and acquisition costs. Management uses Core FFO, which is a non-GAAP financial measure, to exclude such items. Management believes that reporting Core FFO in addition to FFO is a useful supplemental measure for the investment community to use when evaluating the operating performance of the Company on a comparative basis. A reconciliation of non-GAAP financial measures is included in the accompanying financial tables.

Forward-Looking Statement

This press release contains forward-looking statements, including (i) discussion and analysis of our financial condition, (ii) anticipated capital expenditures required to complete projects, (iii) amounts of anticipated cash distributions to the Company’s shareholders in the future (iv) the availability of financing options to other market participants and (v) other matters. These forward-looking statements are not historical facts but are the intent, belief or current expectations of management based on its knowledge and understanding of our business and industry. Forward-looking statements are typically identified by the use of terms such as “may,” “will,” “should,” “potential,” “predicts,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or the negative of such terms and variations of these words and similar expressions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

Forward-looking statements that were true at the time made may ultimately prove to be incorrect or false. You are cautioned to not place undue reliance on forward-looking statements, which reflect management’s view only as of the date of this press release. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Factors that could cause actual results to differ materially from any forward-looking statements made in this press release include:

Wheeler Real Estate Investment Trust

Condensed Consolidated Statements of Income

Wheeler Real Estate Investment Trust

Consolidated Balance Sheets

Wheeler Real Estate Investment Trust

Funds From Operations (FFO)

Wheeler Real Estate Investment Trust

Core Funds From Operations (Core FFO)