Saturday 17 October 2026 Export WHLR’s income statement to Excel — free account

Wheeler Real Estate Investment Trust, Inc.

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.

0.38 0.03 −7.32%

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Market cap: $610.0K
P/E: 0.0×
Fwd P/E: −0.6×
Dividend yield: —
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.11

Total sells 0.19

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	2	—	1	—
Sell	—	—	—	—	2	4	—	—	1	—	2	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 0.61

Revenue 95.47

Net Income 22.04

Free Cash Flow 54.44

Net Debt 398.32

Current Ratio 5.16

Debt/Equity 4.45

P/E ratio 0.00

Fwd P/E (0.63)

P/S ratio 0.00

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth (397.50%)

Next Y EPS Growth —

Next Y revenue growth 24.29%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

EV/Sales against its own 10 years 10.91%

10-year low 10-year high

EV/FCF against its own 10 years 9.88%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	4.06	0.05 0.05 0.05 1.02 0.42 1.02 1.02 0.42
2016	0.65	0.05 0.05 0.05 0.05 0.02 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	40	61	49	60
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	53	75	64	74

	2023	2024	2025	Q'26
Payables	17	17	15	14
ST’ Debt	—	—	—	—
Other	—	—	—	—
	17	17	15	14

Compound Annual Growth %

	10y	5y	3y
Sales	13.67%	10.27%	9.07%
Cash Flow	0.00%	6.01%	(11.76%)
Earnings	0.00%	0.00%	0.00%
Book Value	(1.25%)	(3.37%)	(14.70%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	24	22	—	—	—
’25	24	26	24	25	99
’24	26	26	25	28	105
’23	26	25	25	26	102
’22	15	15	19	27	77
’21	15	15	16	16	61
’20	16	15	15	15	61

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	4	8	—	—	—
’25	4	9	5	2	21
’24	5	8	7	5	26
’23	4	8	4	6	21
’22	3	7	18	3	31
’21	5	5	5	3	17
’20	3	4	6	2	16

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	8	21	—	—	—
’25	21	18	1	24	63
’24	1	6	16	19	42
’23	0	5	2	(3)	4
’22	4	5	15	9	33
’21	8	4	6	4	22
’20	5	4	5	4	18

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(10.48k)	8.64	—	—	—
’25	(10.17m)	(612.54k)	(10.76k)	(5.77k)	(77.80k)
’24	(1000.00m)	(747.97m)	(1000.00m)	(8.60m)	(719.00m)
’23	(1000.00m)	(1000.00m)	(1000.00m)	0.00	(1000.00m)
’22	(1000.00m)	(1000.00m)	(1000.00m)	(1000.00m)	(1000.00m)
’21	(0.42)	(1000.00m)	(1000.00m)	(1000.00m)	(1000.00m)
’20	(1000.00m)	(1000.00m)	(1000.00m)	0.12	—

Fiscal quarters ending in the months shown.

value withheld pending a data check

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	3,448,811,552,768.00	3,115,687,608,320.00	282,175,471,616.00	314,312,130,560.00	250,822,656,000.00	681,532,194,816.00	442,858,766,336.00	6,309,757,440.00	29,937,600.00	10,238.40	Analyst estimates 2026–2028 Powerpack
	High	6,113,802,059,776.00	5,737,568,272,384.00	4,013,162,496,000.00	1,073,834,491,904.00	1,528,450,514,944.00	2,884,460,609,536.00	1,320,738,095,104.00	745,021,702,144.00	12,933,043,200.00	43,545,600.00
People
People	Employees	55	53	50	47	35	36	47	52	56	49
	Revenue/emp, $m	0.80	1.10	1.31	1.34	1.74	1.70	1.63	1.97	1.87	2.03
Income, $m
Income, $m	Revenue	44	59	65	63	61	61	77	102	105	99
	Gross margin, %	69.51	72.13	71.58	69.68	69.04	68.00	66.43	65.92	66.26	66.77
	EBT	(13)	(14)	(18)	(8)	0	(9)	(8)	6	1	15
	EBT margin, %	(29.34)	(24.19)	(27.22)	(12.87)	0.47	(15.25)	(11.05)	5.99	0.68	14.95
	Net income	(12)	(13)	(17)	(8)	0	(9)	(8)	6	1	15
	Depreciation	23	30	32	22	17	17	18	24	22	20
Per share, $
Per share, $	Revenue	5.24	6.76	7.05	6.53	6.29	6.31	78.53	51,162.50	0.00	0.00
	Earnings	(999,999,999.00)	(999,999,999.00)	(999,999,999.00)	(999,999,999.00)	999,999,999.00	(999,999,999.00)	(999,999,999.00)	(999,999,999.00)	(719,001,400.00)	(77,797.15)
	Cash flow	1.32	2.75	2.38	1.58	1.63	1.75	31.51	10,467.00	0.00	0.00
	Capex	(0.06)	(0.35)	0.08	0.09	0.23	0.53	2.05	(8,631.00)	0.00	0.00
	Free cash flow	1.26	2.40	2.45	1.67	1.86	2.28	33.56	1,836.00	0.00	0.00
	Book value	18.73	14.31	13.10	11.71	11.59	9.92	156.30	70,764.00	0.00	0.00
	Shares, m	8	9	9	10	10	10	1	0	0	0
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	1,004,312,973,964.99	529,583,283,120.77	49,515,474,926.87	98,421,741,528.12	172,582,808,973.07	120,438,653,723.28	7,036,746,116.12	237,463.42	0.00	0.00
	P/B	692,910,991,630.37	1,060,597,970,352.89	1,153,505,576,677.87	0.00	0.00	0.00	95,120,177,437.35	0.00	0.00	0.00
	EV/Sales	1,004,312,973,971.59	529,583,283,125.81	49,515,474,932.11	98,421,741,533.17	172,582,808,977.85	120,438,653,728.06	7,036,746,121.47	237,467.70	4.03	4.22
	EV/FCF	4,184,005,748,168.42	1,490,559,093,992.85	142,352,901,395.89	385,042,678,149.17	584,340,850,090.25	333,488,115,801.07	16,465,118,038.83	6,617,342.75	10.05	6.63
Cash, $m
Cash, $m	Operating cash flow	11	24	22	15	16	17	31	21	26	21
	Capex	0	(3)	1	1	2	5	2	(17)	16	42
	Free cash flow	11	21	23	16	18	22	33	4	42	63
Balance, $m
Balance, $m	Working capital	24	14	16	19	41	39	51	36	58	50
	Total debt	306	307	360	341	334	333	466	478	483	468
	Net debt	291	295	342	319	291	293	410	438	422	420
	Shareholders’ equity	158	124	121	113	112	96	153	142	117	95
Returns, %
Returns, %	ROA	(3.99)	(4.66)	(6.07)	(4.57)	(1.91)	(2.77)	(3.74)	(4.32)	(3.35)	(0.61)
	ROIC	(0.04)	0.23	0.33	1.57	2.85	3.13	2.73	3.17	4.36	5.25
	ROE	(20.69)	(47.33)	(183.12)	356.11	46.08	42.29	133.73	(1,159.74)	320.38	41.67

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IVT InvenTrust Properties Corp.	$2.3B	151×	192×	+12.62% (above 0%: growing)	−98.39% (below 0%: shrinking)	−134.17% (below 0%: shrinking)	72.76%	15.29%	Compare
NTST NETSTREIT Corp.	$1.8B	120×	60.6×	+26.92% (above 0%: growing)	+50.00% (above 0%: growing)	−756.51% (below 0%: shrinking)	90.67%	32.17%	Compare
GTY Getty Realty Corporation	$1.8B	17.2×	22.6×	+10.88% (above 0%: growing)	+50.00% (above 0%: growing)	−85.46% (below 0%: shrinking)	96.01%	59.10%	Compare
CBL CBL & Associates Properties, Inc.	$1.5B	7.0×	14.9×	+3.96% (above 0%: growing)	+1,775.00% (above 0%: growing)	+40.87% (above 0%: growing)	65.39%	30.53%	Compare
ALX Alexander's, Inc.	$1.2B	7.1×	— (loss-making)	+6.05% (above 0%: growing)	+2,441.18% (above 0%: growing)	+520.77% (above 0%: growing)	51.12%	30.11%	Compare
BFS Saul Centers, Inc.	$720.3M	30.4×	57.9×	+8.41% (above 0%: growing)	−27.27% (below 0%: shrinking)	+724.34% (above 0%: growing)	70.88%	15.04%	Compare
PINE Alpine Income Property Trust, Inc.	$320.7M	81.4×	37.9×	+34.58% (above 0%: growing)	n/m	−149.47% (below 0%: shrinking)	89.58%	43.53%	Compare
SITC SITE CENTERS CORP.	$158.0M	1.4×	— (loss-making)	−68.05% (below 0%: shrinking)	n/m	−59.51% (below 0%: shrinking)	53.72%	(78.36%)	Compare
WHLR Wheeler Real Estate Investment Trust, Inc.	$610.0K	— (loss-making)	— (loss-making)	−13.89% (below 0%: shrinking)	n/m	+19.13% (above 0%: growing)	69.52%	46.75%
Median of peers	$1.4B	23.8×	47.9×	+9.65%	+50.00%	−72.48%	71.82%	30.32%

All 26 Reit Retail stocks →