A Business at a Glance
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Wheeler Real Estate Investment Trust, Inc.
WHLR
$157K
Mkt Cap
$0.25
+6.61%
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a 5-year average return on invested capital (ROIC) of 7.2%. This is below average and may indicate limited pricing power.
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a market capitalization of $157K. It is classified as a small-cap stock.
Yes, Wheeler Real Estate Investment Trust, Inc. (WHLR) pays a dividend with a trailing twelve-month yield of 4176.98%.
Wheeler Real Estate Investment Trust, Inc. (WHLR) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Wheeler Real Estate Investment Trust, Inc. (WHLR) reported annual revenue of $99 million in its most recent fiscal year, based on SEC EDGAR filings.
Wheeler Real Estate Investment Trust, Inc. (WHLR) generated $4 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Wheeler Real Estate Investment Trust, Inc. is a Maryland corporation formed on June 23, 2011 in connection with the Company's initial public offering. The Trust serves as the general partner of Wheeler REIT, L.P. (the "Operating Partnership"), which was formed as a Virginia limited partnership on April 5, 2012. Prior to the Cedar Acquisition (as defined below), substantially all of our assets were held by, and all of our operations were conducted through, our Operating Partnership. At December 31, 2024, the Company owned 99.82% of the Operating Partnership. On August 22, 2022, the Company completed a merger transaction with Cedar Realty Trust, Inc. ("Cedar" or "CDR"). As a result of the merger, the Company acquired all of the outstanding shares of Cedar’s common stock (the "Cedar Acquisition"), which ceased to be publicly traded on the New York Stock Exchange ("NYSE"). Cedar’s outstanding 7.25% Series B Preferred Stock ("Cedar Series B Preferred Stock") and 6.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 99M | 99M | 105M | 102M | 77M | 61M |
| Net Income | 0 | - | -22M | -29M | - | -13M |
| EPS | $-36.01 | $-36.01 | $-23,767.42 | $-1,491.42 | $-62.97 | $-3.89 |
| Free Cash Flow | 4.0M | 4.0M | 3.5M | 913K | 22M | 11M |
| ROIC | 0.0% | - | 9.2% | 6.8% | - | 5.7% |
| Gross Margin | 74.7% | 74.7% | 42.2% | 49.1% | - | - |
| Debt/Equity | 1,791.25 | 1,791.25 | -17.49 | -22.43 | -31.82 | 187.79 |
| Dividends/Share | $10.38 | $10.38 | $11,190.78 | $548.47 | $7.84 | $0.00 |
| Operating Income | 43M | 43M | 38M | 29M | 25M | 20M |
| Operating Margin | 43.5% | 43.5% | 35.9% | 28.7% | 32.1% | 31.8% |
| ROE | 0.0% | - | 95.0% | 160.4% | - | -157.8% |
| Shares Outstanding | 1M | 1M | 0M | 0M | 0M | 3M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 15M | N/A | 44M | 59M | 65M | 63M | 61M | 61M | 77M | 102M | 105M | 99M | 99M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 27.7% | 38.0% | N/A | N/A | 49.1% | 42.2% | 74.7% | 74.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.4M | 13M | 11M | 8.1M | 8.4M | 6.6M | 5.8M | 7.1M | 8.6M | 12M | 11M | 12M | 12M |
| EBIT | -6.2M | -12M | N/A | 1.6M | 2.5M | 11M | 18M | 20M | 25M | 29M | 38M | 43M | 43M |
| Op. Margin | -41.5% | N/A | N/A | 2.7% | 3.8% | 17.2% | 30.2% | 31.8% | 32.1% | 28.7% | 35.9% | 43.5% | 43.5% |
| Net Income | -13M | -104M | -16M | -22M | -29M | -23M | -9.3M | -13M | N/A | -29M | -22M | N/A | 0 |
| Net Margin | -89.3% | N/A | -36.0% | -37.7% | -44.9% | -35.9% | -15.2% | -21.6% | N/A | -28.6% | -21.2% | N/A | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | 5.5M | 0 | 600K | 2.3M | 760K | 0 | 1.2M | 2.9M | 2.9M |
| Returns on Capital | |||||||||||||
| ROIC | -15.1% | -7.3% | N/A | 0.5% | 0.6% | 2.8% | 5.0% | 5.7% | N/A | 6.8% | 9.2% | N/A | 0.0% |
| ROE | -43.5% | -147.4% | -16.5% | -27.9% | -55.6% | -68.7% | -47.8% | -157.8% | N/A | 160.4% | 95.0% | N/A | 0.0% |
| ROA | -8.0% | -40.4% | -4.0% | -4.7% | -6.1% | -4.6% | -1.9% | -2.8% | N/A | -4.3% | -3.4% | N/A | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -2.5M | -5.3M | 11M | 24M | 22M | 15M | 16M | 17M | 31M | 21M | 26M | 21M | 21M |
| Free Cash Flow | -3.0M | -5.9M | 9.2M | 17M | 16M | 13M | 14M | 11M | 22M | 913K | 3.5M | 4.0M | 4.0M |
| Owner Earnings | -10M | -23M | -11M | -3.3M | -6.0M | -6.1M | -1.5M | 2.2M | 11M | -7.6M | 672K | -1.8M | -1.8M |
| CapEx | 521K | 531K | 1.9M | 7.3M | 5.6M | 2.7M | 2.3M | 6.4M | 8.5M | 20M | 23M | 17M | 17M |
| Maint. CapEx | 7.4M | 17M | 21M | 26M | 27M | 21M | 17M | 15M | 20M | 29M | 25M | 23M | 23M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 7.4M | 17M | 21M | 26M | 27M | 21M | 17M | 15M | 20M | 29M | 25M | 23M | 23M |
| CapEx/OCF | N/A | N/A | 18.8% | 30.7% | 25.3% | 17.8% | 14.4% | 37.6% | 27.7% | 95.6% | 86.7% | N/A | 80.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.4M | 14M | 18M | 21M | 15M | 0 | 0 | 0 | 2.7M | 11M | 10M | 6.6M | 6.6M |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | N/A | N/A | 0.0% | 0.0% | 0.8% | N/A | 4177.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 457K | 547K | 1.5M | 870K | 940K | 2K | 0 | 14K | 0 | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.1M | 1.3M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 66M | 136M | 175M | 304M | 361M | 349M | 353M | 327M | 454M | 459M | 401M | 395M | 395M |
| Cash & Equiv. | 9.8M | 10M | 4.9M | 3.7M | 3.5M | 5.5M | 7.7M | 23M | 28M | 18M | 43M | 24M | 24M |
| Long-Term Debt | 76M | 147M | 176M | 308M | 364M | 343M | 347M | 336M | 466M | 478M | 444M | 419M | 419M |
| Debt/Equity | 1.78 | 1.49 | 1.89 | 4.85 | 8.67 | 14.83 | 24.19 | 187.79 | -31.82 | -22.43 | -17.49 | 1791.25 | 1791.25 |
| Interest Coverage | -1.0 | -1.4 | N/A | 0.1 | 0.1 | 0.6 | 1.1 | 0.6 | 0.8 | 0.9 | 1.2 | 1.3 | 1.3 |
| Equity | 43M | 98M | 95M | 64M | 42M | 24M | 15M | 1.9M | -15M | -21M | -25M | 234K | 234K |
| Total Assets | 205M | 309M | 489M | 458M | 508M | 484M | 489M | 465M | 685M | 668M | 654M | 602M | 602M |
| Total Liabilities | 152M | 202M | 331M | 334M | 387M | 371M | 377M | 369M | 532M | 527M | 537M | 507M | 507M |
| Intangibles | N/A | N/A | 48M | 33M | 29M | 20M | 15M | 12M | 34M | 26M | 18M | 13M | 13M |
| Retained Earnings | -28M | -140M | -170M | -205M | -233M | -252M | -261M | -274M | -296M | -325M | -347M | -351M | -351M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 |
| Per Share Data | |||||||||||||
| EPS | -8.14 | -35.80 | -45.71 | -6.34 | -9.06 | -6.69 | -2.74 | -3.89 | -62.97 | -1,491.42 | -23,767.42 | -36.01 | -36.01 |
| Owner EPS | -6.33 | -7.85 | -31.57 | -0.94 | -1.86 | -1.79 | -0.45 | 0.65 | 32.73 | -386.05 | 720.26 | -2.87 | -2.87 |
| Book Value | 26.13 | 33.90 | 272.38 | 18.26 | 12.99 | 7.06 | 4.41 | 0.55 | -44.23 | -1,086.18 | -27,190.78 | 0.37 | 0.37 |
| Cash Flow/Share | -1.52 | -1.84 | 31.88 | 6.85 | 6.79 | 4.50 | 4.66 | 5.00 | 89.73 | 1,067.87 | 27,854.23 | 33.44 | 36.31 |
| Dividends/Share | 3.33 | 4.90 | 38.40 | 4.11 | 4.51 | 0.00 | 0.00 | 0.00 | 7.84 | 548.47 | 11,190.78 | 10.38 | 10.38 |
| Shares Out. | 1.6M | 2.9M | 0.3M | 3.5M | 3.2M | 3.4M | 3.4M | 3.4M | 0.3M | 0.0M | 0.0M | 0.6M | 0.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.0 | N/A | 0.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.2 |
| Price/Book | 4.4 | 0.6 | 1.0 | 1.4 | 0.2 | 0.8 | 1.7 | 10.3 | N/A | N/A | N/A | N/A | 0.7 |
| Price/Sales | N/A | N/A | N/A | 1.6 | 0.6 | N/A | N/A | N/A | 934.9 | N/A | 749.1 | N/A | 0.0 |
| FCF Yield | -1.6% | -10.7% | 9.3% | 18.7% | 206.5% | 68.9% | 53.7% | 55.7% | 2.4% | 0.0% | 21.0% | N/A | 2565.1% |
| Market Cap | 189M | 55M | 99M | 88M | 8.0M | 18M | 25M | 19M | 932M | 6.3B | 16M | 0 | 157K |
| Avg. Price | 4,328,713,533.20 | 2,473,990,733.71 | 1,870,289,010.34 | 1,931,070,801.96 | 789,162,479.75 | 309,309,840.00 | 371,971,440.00 | 595,485,362.85 | 361,593,425.45 | 137,826,576.00 | 1,460,665.63 | 0.00 | 0.25 |
| Year-End Price | 4,141,016,320.00 | 2,041,810,688.00 | 2,130,341,632.00 | 1,841,616,000.00 | 156,038,400.00 | 341,107,200.00 | 471,744,000.00 | 355,622,400.00 | 248,572,800.00 | 5,642,784.00 | 14,826.00 | 0.00 | 0.25 |
Wheeler Real Estate Investment Trust, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 0.1x vs a median of 4.0x. The company's 5-year average ROIC is 7.2% with a gross margin of 55.3%. Total shareholder yield (dividends) is 4177.0%. At current prices, the estimated annualized return to fair value is +2.4%.
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a debt-to-equity ratio of 1791.25. This indicates higher leverage, which may increase financial risk.
Wheeler Real Estate Investment Trust, Inc. (WHLR) reported earnings per share (EPS) of $-36.01 in its most recent fiscal year.
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a 5-year average gross margin of 55.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for Wheeler Real Estate Investment Trust, Inc. (WHLR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a book value per share of $0.37, based on its most recent annual SEC filing.