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

WHLRP • • 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 1125.17 -16.0%
  • FFO Payout 0%
  • FFO per Share 1125.17 -16.0%
  • 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 8338.98 +4.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 1748.6% TTM
  • ✓Momentum leader: RS Rating 91 (top 9%)
  • ✓High NOI margin of 66.4%
  • ✓Share count reduced 21.3% through buybacks
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗High debt to equity ratio of 4.3x

* 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%
5Y10.61%
3Y19.48%
TTM-1.33%

Profit (Net Income) CAGR

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

EPS CAGR

10Y-
5Y-
3Y-
TTM20.09%

ROCE

10Y Avg2.33%
5Y Avg4.69%
3Y Avg5.03%
Latest5.96%

Peer Comparison

Regional Grocery-Anchored Focus
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Valuation
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Quality & Returns
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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+27.73M44.16M58.53M65.71M63.16M61M61.31M76.64M102.33M104.57M
Revenue Growth %0.62%0.59%0.33%0.12%-0.04%-0.03%0.01%0.25%0.34%0.02%
Property Operating Expenses9.46M13.47M16.32M18.47M19.13M18.89M19.62M25.73M34.87M35.1M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+30.36M30.99M36.42M44.35M27.98M23.7M22.18M26.32M38.05M31.94M
G&A Expenses10.65M9.31M7.1M7.79M6.66M5.54M7.14M8.62M11.75M10.98M
EBITDA+4.55M38.87M26.77M33.48M37.38M35.71M34.32M44.14M57.91M62.85M
EBITDA Margin %----------
Depreciation & Amortization+16.88M39.16M26.23M27.09M21.32M17.29M14.81M19.54M28.5M25.32M
D&A / Revenue %----------
Operating Income+-12.33M-291.14K542K6.39M16.06M18.42M19.51M24.6M29.41M37.53M
Operating Margin %----------
Interest Expense+9.04M13.36M17.16M20.23M18.98M033.03M30.11M32.31M0
Interest Coverage-1.36x-0.02x0.03x0.32x0.85x-0.59x0.82x0.91x-
Non-Operating Income0-692K-1.44M-4K01.04M-4.17M11.67M-4.42M7.2M
Pretax Income+-21.38M-12.96M-14.16M-13.83M-8.13M287K-9.35M-8.47M6.13M768K
Pretax Margin %----------
Income Tax+0107.46K137K40K15K02K048K1K
Effective Tax Rate %----------
Net Income+-17.52M-11.2M-12.09M-16.5M-8.14M245K-9.44M-12.45M-4.69M-9.58M
Net Margin %----------
Net Income Growth %-0.66%0.36%-0.08%-0.36%0.51%1.03%-39.54%-0.32%0.62%-1.04%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %0.56%44.8%-0.49%-0.25%0.24%0.33%-0.69%0.32%2.36%-0.34%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-17.36-11.10-11.98-16.35-8.42-16.30-9.63-22.04-1644.47-317.02
EPS Growth %-0.66%0.36%-0.08%-0.36%0.49%-0.94%0.41%-1.29%-73.61%0.81%
EPS (Basic)-17.36-11.10-11.98-16.35-8.42-16.30-9.63-22.04-10258.60-317.02
Diluted Shares Outstanding1.01M1.01M1.01M1.01M967.18K969.83K971.19K976.07K17.78K13.99K

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+313.97M489.05M457.67M508.08M484.37M489.38M465.28M684.54M668.33M653.7M
Asset Growth %0.57%0.56%-0.06%0.11%-0.05%0.01%-0.05%0.47%-0.02%-0.02%
Real Estate & Other Assets+46.74M49.4M34.43M469.71M417.88M394.61M388.66M570.01M575.09M544.38M
PP&E (Net)238.76M388.88M384.33M2.49M13.87M14.69M14.12M16.53M10.57M10.08M
Investment Securities0-1000K-1000K-1000K00001000K1000K
Total Current Assets+16.47M32.32M24.64M28.54M30.23M64.99M51.7M69.41M52.93M75.41M
Cash & Equivalents11.31M4.86M3.68M3.54M5.45M7.66M22.9M28.49M18.4M42.96M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets1.71M365.88K8.61M20.57M17.88M48.18M19.57M27.37M21.4M17.75M
Intangible Assets6.52M12.96M8.78M7.35M22.38M15.09M10.8M28.59M19.06M11.81M
Total Liabilities206.6M383.85M387.08M386.87M371.13M376.97M368.93M531.98M526.8M537.05M
Total Debt+189.34M305.97M308.12M360.12M359.55M352.02M349.72M506.48M505.72M503.86M
Net Debt178.03M301.11M304.44M356.57M354.1M344.36M326.82M477.98M487.31M460.89M
Long-Term Debt184.63M305.97M307.38M360.19M323.03M334.27M333.28M466.03M477.57M482.61M
Short-Term Borrowings00001000K00000
Capital Lease Obligations7.72M93.72M9.62M10.04M18.64M17.75M16.44M40.45M28.14M21.25M
Total Current Liabilities+7.53M11.32M16.1M12.08M36.18M28.91M17.83M42.37M34.88M28.25M
Accounts Payable7.53M7.74M10.58M12.12M9.56M00000
Deferred Revenue0-296.26M-268.31M-747.06M000000
Other Liabilities14.44M12.68M000594K4.78M7.11M4.02M16.06M
Total Equity+107.37M105.19M70.6M121.21M113.23M112.41M96.35M152.55M141.53M116.65M
Equity Growth %1.02%-0.02%-0.33%0.72%-0.07%-0.01%-0.14%0.58%-0.07%-0.18%
Shareholders Equity98.26M94.83M63.51M119.02M111.15M110.48M94.41M86.36M75.41M59.26M
Minority Interest9.1M10.36M7.09M2.19M2.08M1.93M1.94M66.2M66.12M57.4M
Common Stock662.6K680.3K87K95K97K97K97K10K03K
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 Stock17.54M93.72M41.37M118.41M128.76M137.19M134.19M146.88M142.16M129.87M
Return on Assets (ROA)-0.07%-0.03%-0.03%-0.03%-0.02%0%-0.02%-0.02%-0.01%-0.01%
Return on Equity (ROE)-0.22%-0.11%-0.14%-0.17%-0.07%0%-0.09%-0.1%-0.03%-0.07%
Debt / Assets0.6%0.63%0.67%0.71%0.74%0.72%0.75%0.74%0.76%0.77%
Debt / Equity1.76x2.91x4.36x2.97x3.18x3.13x3.63x3.32x3.57x4.32x
Net Debt / EBITDA39.14x7.75x11.37x10.65x9.47x9.64x9.52x10.83x8.42x7.33x
Book Value per Share106.36104.2169.94120.08117.07115.9199.21156.297960.408338.98

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-9.3M10.44M24.76M22M15.25M15.78M17.04M30.76M20.93M25.99M
Operating CF Growth %-1.1%2.12%1.37%-0.11%-0.31%0.03%0.08%0.8%-0.32%0.24%
Operating CF / Revenue %----------
Net Income-18.77M-12.24M-14.28M-17.81M-8.14M287K-9.35M-8.47M-4.69M-9.58M
Depreciation & Amortization17.5M20.67M26.68M26.4M20.06M16.83M14.81M17.46M28.5M25.32M
Stock-Based Compensation697K1.45M870K940K2K014K000
Other Non-Cash Items1.89M3.58M3.09M2.36M1.9M2.99M11.07M10.72M-1.39M13.67M
Working Capital Changes-8.86M-1.3M1.31M980K-4.21M-4.33M497K11.05M-1.49M-3.42M
Cash from Investing+-52.93M-60.54M-2.98M-22.45M868K2.24M5.1M-133.51M-31.52M3.98M
Acquisitions (Net)001.87M-23.15M-24K0000-11.5M
Purchase of Investments-63.95M-59.96M0-23.15M-24K000-14.26M-500K
Sale of Investments1000K1000K1000K1000K1000K0001000K1000K
Other Investing-52.4M-58.58M4.39M6.27M43K4.51M11.51M-125M00
Cash from Financing+63.57M44.48M-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-1000K659K1000K-1000K1000K-1000K1000K1000K1000K
Share Repurchases-250000-1.11M0000
Other Financing-2.86M-6.03M-2.96M-1.96M-779K-3.14M-8.5M-17.98M-12.51M-10.81M
Net Change in Cash+1.34M-5.61M-1.19M5.71M3.59M21.18M-2.35M15.45M-16.06M20.91M
Exchange Rate Effect0000000000
Cash at Beginning9.97M10.48M4.86M12.29M18M21.59M42.77M40.42M55.87M39.81M
Cash at End11.31M4.86M3.68M18M21.59M42.77M40.42M55.87M39.81M60.72M
Free Cash Flow+-9.84M8.48M17.39M16.43M12.54M13.51M10.63M22.25M913K3.46M
FCF Growth %0.56%1.86%1.05%-0.06%-0.24%0.08%-0.21%1.09%-0.96%2.79%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share-0.6327.6914.0110.4913.6218.085.537.261.34K1.13K
FFO Payout Ratio-2223.7%63.29%146.72%137.78%0%0%0%0%0%0%
NOI Margin65.88%69.51%72.13%71.89%69.72%69.04%68%66.43%65.92%66.44%
Net Debt / EBITDA39.14x7.75x11.37x10.65x9.47x9.64x9.52x10.83x8.42x7.33x
Debt / Assets60.31%62.57%67.32%70.88%74.23%71.93%75.16%73.99%75.67%77.08%
Interest Coverage-1.36x-0.02x0.03x0.32x0.85x-0.59x0.82x0.91x-
Book Value / Share106.36104.2169.94120.08117.07115.9199.21156.297.96K8.34K
Revenue Growth61.63%59.23%32.55%12.26%-3.88%-3.42%0.5%25.01%33.51%2.2%

Revenue by Segment

20202021202220232024
Base Rent---72.62M73.36M
Base Rent Growth----1.02%
Tenant Reimbursements13.27M13.12M16.66M21.24M23.96M
Tenant Reimbursements Growth--1.15%27.02%27.45%12.79%
Other Services786K803K1.32M1.67M1.9M
Other Services Growth-2.16%63.89%26.75%13.85%
Lease Termination Fees178K139K134K325K267K
Lease Termination Fees Growth--21.91%-3.60%142.54%-17.85%
Minimum Rent46.35M45.9M57.53M--
Minimum Rent Growth--0.98%25.36%--

Frequently Asked Questions

Growth & Financials

Wheeler Real Estate Investment Trust, Inc. (WHLRP) reported $101.9M in revenue for fiscal year 2024. This represents a 1975% increase from $4.9M in 2011.

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

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

Dividend & Returns

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

Industry Metrics

Wheeler Real Estate Investment Trust, Inc. (WHLRP) 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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