Wheeler Real Estate Investment Trust, Inc.
WHLR Real Estate Reit Retail
Wheeler Real Estate Investment Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $99.4 million, down 4.90% from fiscal 2024. In the quarter to June 2026, revenue fell 13.9%, EPS grew 100.6%, free cash flow grew 19.1% and total debt fell 4.02%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow WHLR
Wheeler Real Estate Investment Trust, Inc. (WHLR) Piotroski F-score
Wheeler Real Estate Investment Trust, Inc.'s Piotroski F-score for fiscal 2025 cannot be worked out: shares outstanding not reported.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2023 | 5 | 1.00 |
| FY2022 | 4 | 1.00 |
| FY2021 | 3 | (2.00) |
| FY2020 | 5 | 0.00 |
| FY2019 | 5 | 1.00 |
| FY2018 | 4 | (1.00) |
| FY2017 | 5 | (1.00) |
| FY2016 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (0.61%) | (3.35%) | Fail | 0 |
| Positive operating cash flow | 21.13m | 25.99m | Pass | 1 |
| Rising return on assets | (0.61%) | (3.35%) | Pass | 1 |
| Cash flow above net income | 24.98m | 48.16m | Pass | 1 |
| Falling long-term leverage | 0.75 | 0.73 | Fail | 0 |
| Rising current ratio | 4.40 | 4.40 | Fail | 0 |
| No new shares issued | — | — | n/a | — |
| Rising gross margin | 66.77% | 66.26% | Pass | 1 |
| Rising asset turnover | 0.16 | 0.16 | Pass | 1 |
| Piotroski F-score | n/a — shares outstanding not reported | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CBL CBL & Associates Properties, Inc. compare | 8 |
| NTST NETSTREIT Corp. compare | 6 |
| SITC SITE CENTERS CORP. compare | 6 |
| IVT InvenTrust Properties Corp. compare | 6 |
| PINE Alpine Income Property Trust, Inc. compare | 5 |
| BFS Saul Centers, Inc. compare | 5 |
| GTY Getty Realty Corporation compare | 5 |
| ALX Alexander's, Inc. compare | 5 |
| WHLR Wheeler Real Estate Investment Trust, Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover