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Wheeler Real Estate Investment Trust, Inc. (WHLR) 10-Year Financial Performance & Capital Metrics

WHLR • • REIT / Real Estate
Real EstateRetail REITsGrocery-Anchored Shopping CentersRegional Grocery-Anchored Focus
AboutHeadquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR ) is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.Show more
  • Revenue $105M +2.2%
  • FFO $16M -33.9%
  • FFO/Share 39389.39 +23.5%
  • FFO Payout 0%
  • FFO per Share 39389.39 +23.5%
  • NOI Margin 66.44% +0.8%
  • FFO Margin 15.05% -35.3%
  • ROE -7.42% -132.7%
  • ROA -1.45% -109.1%
  • Debt/Assets 77.08% +1.9%
  • Net Debt/EBITDA 7.33 -12.9%
  • Book Value/Share 291926.93 +54.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 1748.6% TTM
  • ✓High NOI margin of 66.4%
  • ✓Share count reduced 46.5% through buybacks

✗Weaknesses

  • ✗High debt to equity ratio of 4.3x
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y19.81%
5Y10.65%
3Y19.48%
TTM-1.29%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM263.6%

EPS CAGR

10Y-
5Y-
3Y-
TTM111.24%

ROCE

10Y Avg2.82%
5Y Avg4.66%
3Y Avg5.03%
Latest5.96%

Peer Comparison

Regional Grocery-Anchored Focus
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CDR-PBCedar Realty Trust, Inc.250.49M18.26130.43-0.24%16.76%88.23%2.54
CDR-PCCedar Realty Trust, Inc.242.95M17.71126.50-0.24%16.76%88.23%2.54
BFSSaul Centers, Inc.779.97M31.9519.604.53%13.83%8.06%15.54%3.06
WHLRWheeler Real Estate Investment Trust, Inc.3.5M1.6802.2%49.2%53.39%98.86%4.32
WHLRDWheeler Real Estate Investment Trust, Inc.12.58M38.33-0.002.2%49.2%54.24%27.53%4.32
WHLRPWheeler Real Estate Investment Trust, Inc.1.77M5.40-0.022.2%49.2%54.24%100%4.32

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+26.37M44.16M58.53M65.79M63.05M60.83M61.31M76.64M102.33M104.57M
Revenue Growth %0.54%0.67%0.33%0.12%-0.04%-0.04%0.01%0.25%0.34%0.02%
Property Operating Expenses25.23M32.54M41.62M45.56M19.13M18.89M19.62M25.73M34.87M35.1M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+6.41M6.62M14.35M6.07M33.06M23.52M22.18M26.32M38.05M31.94M
G&A Expenses6.41M6.62M14.35M6.07M6.66M5.83M7.14M8.62M11.75M10.98M
EBITDA+11.61M25.64M28.8M41.25M30.91M35.25M34.32M44.14M57.91M62.85M
EBITDA Margin %----------
Depreciation & Amortization+16.88M20.64M26.23M27.09M20.06M16.83M14.81M19.54M28.5M25.32M
D&A / Revenue %----------
Operating Income+-5.27M5M2.57M14.16M10.85M18.42M19.51M24.6M29.41M37.53M
Operating Margin %----------
Interest Expense+00000033.03M21.39M27.7M0
Interest Coverage------0.59x1.15x1.06x-
Non-Operating Income0000-5.2M-577K-4.17M11.67M-4.42M7.2M
Pretax Income+-21.38M-12.96M-14.16M-17.77M-8.13M287K-9.35M-8.47M6.13M768K
Pretax Margin %----------
Income Tax+0107.46K137K40K15K02K048K1K
Effective Tax Rate %----------
Net Income+-20.03M-11.89M-13.6M-16.5M-8.04M245K-9.44M-12.45M-4.69M-9.58M
Net Margin %----------
Net Income Growth %-0.9%0.41%-0.14%-0.21%0.51%1.03%-39.54%-0.32%0.62%-1.04%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-0.35%3.78%0.44%-0.16%0.13%0.42%-0.69%0.32%2.36%-0.34%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-999999.00-999999.00-999999.00-999999.00-999999.00-999999.00-988059.70-999999.00-39149.70-55475.00
EPS Growth %-0.51%0.91%-0.38%-0.2%0.28%0.59%0.8%-0.6%0.98%-0.42%
EPS (Basic)-999999.00-999999.00-999999.00-999999.00-999999.00-999999.00-988059.70-999999.00-39149.70-55475.00
Diluted Shares Outstanding1222221314747400

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+309.24M489.05M457.67M508.08M484.37M489.38M465.28M684.54M668.33M653.7M
Asset Growth %0.54%0.58%-0.06%0.11%-0.05%0.01%-0.05%0.47%-0.02%-0.02%
Real Estate & Other Assets+-44.53M-66.24M-47.34M-36.64M1.67M1.95M388.66M570.01M575.09M544.38M
PP&E (Net)0000427.87M405.41M14.12M16.53M10.57M10.08M
Investment Securities000000001000K1000K
Total Current Assets+000030.23M64.99M51.7M69.41M52.93M75.41M
Cash & Equivalents18.07M14.52M12.29M18M5.45M7.66M22.9M28.49M18.4M42.96M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets-21.52M-31.96M-24.64M-28.54M17.88M48.18M19.57M27.37M21.4M17.75M
Intangible Assets3.45M60.76M41.85M10.54M24.6M17.03M10.8M28.59M19.06M11.81M
Total Liabilities201.88M331.32M333.84M386.87M371.13M376.97M368.93M531.98M526.8M537.05M
Total Debt+192.35M318.65M317.74M370.24M352.83M347.47M349.72M506.48M505.72M503.86M
Net Debt174.28M304.14M305.45M352.24M347.38M339.81M326.82M477.98M487.31M460.89M
Long-Term Debt184.63M288.53M268.31M360.19M340.91M334.27M333.28M466.03M477.57M482.61M
Short-Term Borrowings01000K1000K0000000
Capital Lease Obligations7.72M12.68M9.62M10.04M11.92M13.2M16.44M40.45M28.14M21.25M
Total Current Liabilities+000011.58M24.95M17.83M42.37M34.88M28.25M
Accounts Payable00009.56M11.23M0000
Deferred Revenue0000000000
Other Liabilities-192.35M-301.21M-277.93M-370.24M6.72M4.55M4.78M7.11M4.02M16.06M
Total Equity+107.37M157.72M123.83M121.21M113.23M112.41M96.35M152.55M141.53M116.65M
Equity Growth %1.02%0.47%-0.21%-0.02%-0.07%-0.01%-0.14%0.58%-0.07%-0.18%
Shareholders Equity98.26M147.36M116.74M119.02M111.15M110.48M94.41M86.36M75.41M59.26M
Minority Interest9.1M10.36M7.09M2.19M2.08M1.93M1.94M66.2M66.12M57.4M
Common Stock17.75M680.3K87K95K97K97K97K10K03K
Additional Paid-in Capital220.37M223.34M226.98M233.7M233.87M234.06M234.23M235.08M258.11M276.41M
Retained Earnings-140.31M-170.38M-204.93M-233.18M-251.58M-260.87M-274.11M-295.62M-324.85M-347.03M
Preferred Stock452.97K93.72M94.6M118.41M128.76M137.19M134.19M146.88M142.16M129.87M
Return on Assets (ROA)-0.08%-0.03%-0.03%-0.03%-0.02%0%-0.02%-0.02%-0.01%-0.01%
Return on Equity (ROE)-0.25%-0.09%-0.1%-0.13%-0.07%0%-0.09%-0.1%-0.03%-0.07%
Debt / Assets0.62%0.65%0.69%0.73%0.73%0.71%0.75%0.74%0.76%0.77%
Debt / Equity1.79x2.02x2.57x3.05x3.12x3.09x3.63x3.32x3.57x4.32x
Net Debt / EBITDA15.01x11.86x10.61x8.54x11.24x9.64x9.52x10.83x8.42x7.33x
Book Value per Share999999.00999999.00999999.00999999.00999999.00999999.00999999.00999999.00189512.59291926.93

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-4.03M11.1M23.84M22M15.25M15.78M17.04M30.76M20.93M25.99M
Operating CF Growth %0.09%3.75%1.15%-0.08%-0.31%0.03%0.08%0.8%-0.32%0.24%
Operating CF / Revenue %----------
Net Income-20.53M-12.03M-13.61M-17.4M-8.04M245K-9.35M-8.47M-4.69M-9.58M
Depreciation & Amortization16.88M20.64M26.23M27.09M21.32M17.29M14.81M17.46M28.5M25.32M
Stock-Based Compensation00000014K000
Other Non-Cash Items3.08M3.13M10.84M11.44M6.18M2.57M11.07M10.72M-1.39M13.67M
Working Capital Changes-3.47M-642.83K387K880K-4.21M-4.33M497K11.05M-1.49M-3.42M
Cash from Investing+-54.86M-60.54M-2.98M-22.45M868K2.24M5.1M-133.51M-31.52M3.98M
Acquisitions (Net)001.87M2.75M19K0000-11.5M
Purchase of Investments-63.95M-59.96M0-23.15M-24K000-14.26M-500K
Sale of Investments1000K1000K1000K1000K1000K1000K001000K1000K
Other Investing914.39K0000011.51M-125M00
Cash from Financing+60.82M44.48M-22.97M6.16M-12.53M3.16M-24.49M118.2M-5.47M-9.06M
Dividends Paid-14.19M-17.69M-20.74M-14.59M000000
Common Dividends-14.19M-17.69M-20.74M-14.59M000000
Debt Issuance (Net)-1000K-1000K-617K-313K-1000K1000K-1000K1000K1000K1000K
Share Repurchases-250000-1.11M0000
Other Financing-92.77K-11.36K-1.69M-93K0552K-8.5M-17.98M-12.51M-10.81M
Net Change in Cash+00003.59M21.18M-2.35M15.45M-16.06M20.91M
Exchange Rate Effect0000000000
Cash at Beginning9.97M18.07M14.52M12.29M18M21.59M42.77M40.42M55.87M39.81M
Cash at End18.07M14.52M12.29M18M21.59M42.77M40.42M55.87M39.81M60.72M
Free Cash Flow+-4.56M9.14M16.47M16.43M12.54M13.51M10.63M22.25M913K3.46M
FCF Growth %-0.03%3%0.8%-0%-0.24%0.08%-0.21%1.09%-0.96%2.79%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-1000K1000K1000K1000K1000K1000K400.52K521.03K31.89K39.39K
FFO Payout Ratio-451.46%202.29%164.16%137.78%0%0%0%0%0%0%
NOI Margin4.33%26.33%28.9%30.74%69.66%68.95%68%66.43%65.92%66.44%
Net Debt / EBITDA15.01x11.86x10.61x8.54x11.24x9.64x9.52x10.83x8.42x7.33x
Debt / Assets62.2%65.16%69.42%72.87%72.84%71%75.16%73.99%75.67%77.08%
Interest Coverage------0.59x1.15x1.06x-
Book Value / Share1000K1000K1000K1000K1000K1000K1000K1000K189.51K291.93K
Revenue Growth53.71%67.43%32.55%12.39%-4.17%-3.52%0.8%25.01%33.51%2.2%

Revenue by Segment

2018201920202021202220232024
Base Rent-----72.62M73.36M
Base Rent Growth------1.02%
Tenant Reimbursements12.6M13.37M13.27M13.12M16.66M21.24M23.96M
Tenant Reimbursements Growth-6.15%-0.72%-1.15%27.02%27.45%12.79%
Other Services562K478K786K803K1.32M1.67M1.9M
Other Services Growth--14.95%64.44%2.16%63.89%26.75%13.85%
Lease Termination Fees1.27M117K178K139K134K325K267K
Lease Termination Fees Growth--90.79%52.14%-21.91%-3.60%142.54%-17.85%
Minimum Rent50.7M49.19M46.35M45.9M57.53M--
Minimum Rent Growth--2.98%-5.77%-0.98%25.36%--
Commissions140K65K-----
Commissions Growth--53.57%-----
Asset Management Fees189K60K-----
Asset Management Fees Growth--68.25%-----
Percentage Rent254K------
Percentage Rent Growth-------
Development Income-------
Development Income Growth-------

Frequently Asked Questions

Growth & Financials

Wheeler Real Estate Investment Trust, Inc. (WHLR) reported $101.9M in revenue for fiscal year 2024. This represents a 5191% increase from $1.9M in 2011.

Wheeler Real Estate Investment Trust, Inc. (WHLR) grew revenue by 2.2% over the past year. Growth has been modest.

Yes, Wheeler Real Estate Investment Trust, Inc. (WHLR) is profitable, generating $50.1M in net income for fiscal year 2024 (-9.2% net margin).

Dividend & Returns

Wheeler Real Estate Investment Trust, Inc. (WHLR) has a return on equity (ROE) of -7.4%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Wheeler Real Estate Investment Trust, Inc. (WHLR) generated Funds From Operations (FFO) of $75.3M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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