Last 38 quarters of trend data · Real Estate · REIT - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 1030.2% YoY to 122.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -1.08 | — | — | — | — | 0.00 | — | — | — | 0.00 | — | — | — |
| — | — | — | — | — | +0.4% | — | — | — | — | — | — | — | |
| P/S Ratio | 41.27 | 40.40 | 2.50 | 0.17 | 0.07 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
| — | +79662.1% | +5560.2% | +320.9% | +102.6% | +100.8% | +24.5% | -3.0% | -21.9% | -37.8% | -32.8% | -41.0% | -47.8% | |
| P/B Ratio | 43.75 | 42.96 | 2.58 | 0.20 | 0.06 | 0.05 | 0.05 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 |
| — | +89530.2% | +5208.5% | +492.0% | +158.4% | +156.4% | +72.4% | +16.6% | -12.5% | -34.7% | +10.1% | -39.6% | -46.1% | |
| P/FCF | 1028.93 | — | 61.61 | 1.58 | 0.67 | 0.26 | 1.53 | 9.50 | 0.76 | — | — | 0.21 | — |
| — | — | +3925.4% | -83.4% | -11.2% | — | — | +4483.7% | — | — | — | -14.4% | — | |
| EV / EBITDA | 77.44 | 122.72 | 14.28 | 5.86 | 6.53 | 10.86 | 5.87 | 6.84 | 8.71 | 8.73 | 7.80 | 9.27 | 9.15 |
| — | +1030.2% | +143.4% | -14.3% | -25.1% | +24.3% | -24.8% | -26.2% | -4.8% | +13.6% | -38.9% | +0.3% | -7.0% | |
| EV / EBIT | 126.13 | 130.93 | 8.83 | 17.64 | 9.36 | 2.44 | — | 22.98 | 159.07 | 4.56 | 16.45 | 18.07 | 17.60 |
| — | +5268.2% | — | -23.3% | -94.1% | -46.6% | — | +27.2% | +803.6% | -72.2% | -34.9% | +18.8% | +15.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Wheeler Real Estate Investment Trust, Inc.'s operating margin was 15.5% in Q4 2025, down 7.6 pp QoQ and down 1.3 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 36.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4% | 66.0% | 67.2% | 70.3% | 63.3% | 67.6% | 65.9% | 67.1% | 65.0% | 66.4% | 65.2% | 66.4% | 65.5% |
| — | -2.3% | +1.9% | +4.9% | -2.6% | +1.8% | +1.1% | +1.0% | -0.7% | +0.3% | +1.2% | -4.3% | -0.7% | |
| Operating Margin | 36.4% | 15.5% | 23.1% | 57.3% | 49.9% | 16.8% | 56.0% | 43.8% | 28.9% | 27.3% | 36.8% | 25.7% | 25.3% |
| — | -7.8% | -58.9% | +30.9% | +72.5% | -38.5% | +52.1% | +70.5% | +14.1% | -26.2% | +50.4% | -25.8% | -16.7% | |
| Net Margin | 8.7% | -3.3% | 48.4% | -9.4% | 14.5% | 135.9% | -134.4% | -19.2% | -33.7% | 62.7% | -55.8% | -16.0% | -11.9% |
| — | -102.4% | +136.0% | +51.2% | +143.1% | +116.7% | -140.9% | -20.2% | -181.6% | +571.5% | -146.2% | -4648.2% | +59.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | -0.9% | 12.5% | -2.6% | 3.3% | 36.3% | -30.3% | -3.8% | -6.3% | 12.2% | -10.2% | -2.7% | -2.1% |
| — | -102.4% | +141.4% | +32.9% | +151.9% | +196.1% | -195.4% | -43.8% | -208.9% | +624.9% | -200.0% | -4675.0% | +57.8% | |
| ROA | 1.4% | -0.1% | 1.8% | -0.4% | 0.6% | 5.7% | -5.0% | -0.8% | -1.3% | 2.5% | -2.1% | -0.6% | -0.5% |
| — | -102.4% | +137.2% | +48.2% | +142.4% | +130.4% | -137.3% | -28.9% | -187.1% | +571.9% | -186.0% | -5133.9% | +54.1% | |
| ROIC | 4.8% | 0.5% | 0.7% | 2.0% | 1.6% | 0.6% | 1.8% | 1.4% | 0.9% | 0.9% | 1.2% | 0.8% | 0.8% |
| — | -15.1% | -58.9% | +41.8% | +76.5% | -30.6% | +52.2% | +77.3% | +12.8% | -26.6% | +75.6% | -17.8% | -5.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Wheeler Real Estate Investment Trust, Inc.'s Debt/EBITDA ratio is 52.4x, up from 40.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 233.9% YoY to 8.91x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.11 | 5.11 | 5.46 | 5.41 | 5.02 | 4.32 | 5.60 | 3.88 | 3.80 | 3.57 | 3.84 | 3.29 | 3.23 |
| — | +18.3% | -2.5% | +39.3% | +32.2% | +20.9% | +45.8% | +18.0% | +17.4% | +7.6% | +22.7% | -12.1% | -13.7% | |
| Debt / EBITDA | 8.14 | 52.44 | 40.30 | 23.92 | 26.81 | 46.91 | 25.10 | 28.22 | 35.88 | 36.05 | 32.67 | 39.03 | 38.24 |
| — | +11.8% | +60.6% | -15.2% | -25.3% | +30.1% | -23.2% | -27.7% | -6.2% | +11.7% | -38.7% | -0.5% | -7.4% | |
| Current Ratio | 8.91 | 8.91 | 3.06 | 2.83 | 2.43 | 2.67 | 2.79 | 2.33 | 0.75 | 1.52 | 1.47 | 3.31 | 2.61 |
| — | +233.9% | +9.3% | +21.3% | +224.9% | +75.9% | +90.4% | -29.6% | -71.3% | -7.4% | -38.4% | +12.5% | +22.0% | |
| Quick Ratio | 8.91 | 8.91 | 3.06 | 2.83 | 2.43 | 2.67 | 2.79 | 2.33 | 0.75 | 1.52 | 1.47 | 3.31 | 2.61 |
| — | +233.9% | +9.3% | +21.3% | +224.9% | +75.9% | +90.4% | -29.6% | -71.3% | -7.4% | -38.4% | +12.5% | +22.0% | |
| Interest Coverage | 1.44 | 0.81 | 2.58 | 0.87 | 1.73 | 5.94 | -3.35 | 0.69 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 38 years · Updated daily
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Wheeler Real Estate Investment Trust, Inc.'s current P/E is -1.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Wheeler Real Estate Investment Trust, Inc.'s current operating margin is 36.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Wheeler Real Estate Investment Trust, Inc.'s business trajectory between earnings reports.