Wheeler Real Estate Investment Trust, Inc. (WHLRP) Financial Ratios
17 years of historical data (2009–2025) · Real Estate · REIT - Retail
EV/EBITDA
↑
24.11
↑+126% vs avg
5yr avg: 10.68
30Y Low7.3·High42.9
P/FCF
↑
241.63
↑+772% vs avg
5yr avg: 27.71
30Y Low0.0·High137.8
P/B Ratio
↑
10.27
↑+765% vs avg
5yr avg: 1.19
30Y Low0.0·High5.9
ROE
↑
8.3%
↓+294% vs avg
5yr avg: -4.3%
30Y Low-38%·High8%
Debt/EBITDA
↓
8.14
↓-13% vs avg
5yr avg: 9.31
30Y Low7.9·High41.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WHLRP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Wheeler Real Estate Investment Trust, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 241.6x P/FCF, 772% above the 5-year average of 27.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $973M | $555M | $42666 | $23113 | $1M | $7M | $13M | $11M | $8M | $22M | $22M |
| Enterprise Value | $1.4B | $1.0B | $461M | $487M | $479M | $333M | $357M | $365M | $364M | $327M | $323M |
| P/E Ratio → | -0.25 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 9.69 | 5.53 | 0.00 | 0.00 | 0.02 | 0.11 | 0.21 | 0.17 | 0.12 | 0.38 | 0.51 |
| P/B Ratio | 10.27 | 5.86 | 0.00 | 0.00 | 0.01 | 0.07 | 0.11 | 0.09 | 0.06 | 0.31 | 0.21 |
| P/FCF | 241.63 | 137.81 | 0.01 | 0.03 | 0.07 | 0.61 | 0.93 | 0.85 | 0.48 | 1.27 | 2.64 |
| P/OCF | 46.03 | 26.26 | 0.00 | 0.00 | 0.05 | 0.38 | 0.80 | 0.70 | 0.36 | 0.89 | 2.14 |
P/E links to full P/E history page with 30-year chart
WHLRP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Wheeler Real Estate Investment Trust, Inc.'s enterprise value stands at 24.1x EBITDA, 126% above its 5-year average of 10.7x. The Real Estate sector median is 17.0x, placing the stock at a 42% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.11 | 4.41 | 4.76 | 6.26 | 5.44 | 5.85 | 5.77 | 5.55 | 5.58 | 7.32 |
| EV / EBITDA | 24.11 | 17.08 | 7.33 | 8.42 | 10.86 | 9.71 | 10.00 | 9.76 | 10.88 | 12.20 | 8.32 |
| EV / EBIT | 39.27 | 20.87 | 15.20 | 14.41 | 37.10 | 14.08 | 18.79 | 33.60 | 25.74 | 127.06 | 806.65 |
| EV / FCF | — | 252.09 | 133.14 | 533.77 | 21.55 | 31.36 | 26.42 | 29.08 | 22.17 | 18.77 | 38.12 |
WHLRP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Wheeler Real Estate Investment Trust, Inc. earns an operating margin of 36.4%, above the Real Estate sector average of 24.8%. Operating margins have expanded from 28.7% to 36.4% over the past 3 years, signaling improving operational efficiency. ROE of 8.3% is modest. ROIC of 4.8% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.4% | 21.4% | 66.4% | 65.9% | 66.4% | 68.0% | 69.0% | 69.7% | 71.9% | 72.1% | 69.5% |
| Operating Margin | 36.4% | 36.4% | 35.9% | 28.7% | 32.1% | 31.8% | 30.2% | 25.4% | 9.7% | 0.9% | -0.7% |
| Net Profit Margin | 8.7% | 8.7% | -9.2% | -4.6% | -16.2% | -15.4% | 0.4% | -12.9% | -25.1% | -20.7% | -25.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.3% | 8.3% | -7.4% | -3.2% | -10.0% | -9.0% | 0.2% | -6.9% | -17.2% | -13.8% | -10.5% |
| ROA | 1.4% | 1.4% | -1.4% | -0.7% | -2.2% | -2.0% | 0.1% | -1.6% | -3.4% | -2.6% | -2.8% |
| ROIC | 4.8% | 4.8% | 4.7% | 3.5% | 3.5% | 3.3% | 3.0% | 2.5% | 1.1% | 0.1% | -0.1% |
| ROCE | 6.0% | 6.0% | 6.0% | 4.6% | 4.5% | 4.3% | 4.1% | 3.4% | 1.4% | 0.1% | -0.1% |
WHLRP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Wheeler Real Estate Investment Trust, Inc. carries a Debt/EBITDA ratio of 8.1x, which is highly leveraged (roughly in line with the sector average of 7.9x). Net debt stands at $460M ($484M total debt minus $24M cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.11 | 5.11 | 4.32 | 3.57 | 3.32 | 3.63 | 3.13 | 3.18 | 2.97 | 4.36 | 2.91 |
| Debt / EBITDA | 8.14 | 8.14 | 8.02 | 8.73 | 11.47 | 10.19 | 9.86 | 9.62 | 10.76 | 11.51 | 7.87 |
| Net Debt / Equity | — | 4.86 | 3.95 | 3.44 | 3.13 | 3.39 | 3.06 | 3.13 | 2.94 | 4.31 | 2.86 |
| Net Debt / EBITDA | 7.74 | 7.74 | 7.33 | 8.42 | 10.83 | 9.52 | 9.64 | 9.47 | 10.65 | 11.37 | 7.75 |
| Debt / FCF | — | 114.28 | 133.13 | 533.75 | 21.49 | 30.75 | 25.49 | 28.23 | 21.70 | 17.50 | 35.49 |
| Interest Coverage | 1.44 | 1.44 | — | 1.05 | 0.43 | 0.72 | — | 0.57 | 0.70 | 0.15 | 0.03 |
WHLRP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Wheeler Real Estate Investment Trust, Inc.'s current ratio of 8.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.52x to 8.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 8.91 | 8.91 | 2.67 | 1.52 | 1.64 | 2.90 | 2.25 | 0.84 | 2.36 | 1.53 | 2.86 |
| Quick Ratio | 8.91 | 8.91 | 2.67 | 1.52 | 1.64 | 2.90 | 2.25 | 0.84 | 3.11 | 1.53 | 2.00 |
| Cash Ratio | 6.71 | 6.71 | 1.52 | 0.53 | 0.67 | 1.28 | 0.26 | 0.15 | 0.29 | 0.23 | 0.43 |
| Asset Turnover | — | 0.17 | 0.16 | 0.15 | 0.11 | 0.13 | 0.12 | 0.13 | 0.13 | 0.13 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 1.40 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WHLRP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Wheeler Real Estate Investment Trust, Inc. returns 0.7% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 0.4% | 0.7% | 8114.1% | 3950.2% | 1499.5% | 162.6% | 107.1% | 118.0% | 209.3% | 78.7% | 37.9% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $107M | $13989 | $17779 | $976070 | $971194 | $969827 | $967184 | $1M | $1M | $1M |
Peer Comparison
Compare WHLRP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WHLRPYou | $973M | -0.3 | 24.1 | 241.6 | 21.4% | 36.4% | 8.3% | 4.8% | 8.1 |
 WHLR | $1M | -0.1 | 8.4 | 0.3 | 66.8% | 31.9% | 8.3% | 4.2% | 8.8 |
 NXRT | $686M | -21.5 | 18.0 | 8.2 | 84.3% | 11.1% | -8.9% | 1.1% | 12.6 |
 SITC | $247M | 1.4 | 4.7 | 12.6 | -5.7% | -1.3% | 41.8% | -0.2% | 1.7 |
 KRG | $6B | 20.2 | 15.7 | 20.4 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
 UE | $3B | 30.2 | 16.7 | 15.4 | 8.6% | 26.8% | 6.8% | 3.2% | 6.3 |
 REG | $14B | 27.4 | 20.4 | 36.0 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 KIM | $17B | 29.7 | 18.3 | 21.6 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 BRX | $10B | 24.9 | 16.4 | 14.7 | 75.2% | 36.7% | 12.9% | 4.6% | 6.4 |
 AKR | $3B | 223.7 | 22.6 | 16.7 | 50.5% | 12.0% | 0.5% | 0.9% | 9.3 |
 PECO | $5B | 46.2 | 16.5 | 24.4 | -1.4% | 27.2% | 4.3% | 3.0% | 5.4 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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WHLRP — Frequently Asked Questions
Quick answers to the most common questions about buying WHLRP stock.
What is Wheeler Real Estate Investment Trust, Inc.'s P/E ratio?
Wheeler Real Estate Investment Trust, Inc.'s current P/E ratio is -0.3x. This places it at the 50th percentile of its historical range.
What is Wheeler Real Estate Investment Trust, Inc.'s EV/EBITDA?
Wheeler Real Estate Investment Trust, Inc.'s current EV/EBITDA is 24.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.4x.
What is Wheeler Real Estate Investment Trust, Inc.'s ROE?
Wheeler Real Estate Investment Trust, Inc.'s return on equity (ROE) is 8.3%. The historical average is -10.3%.
Is WHLRP stock overvalued?
Based on historical data, Wheeler Real Estate Investment Trust, Inc. is trading at a P/E of -0.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Wheeler Real Estate Investment Trust, Inc.'s dividend yield?
Wheeler Real Estate Investment Trust, Inc.'s current dividend yield is 0.67%.
What are Wheeler Real Estate Investment Trust, Inc.'s profit margins?
Wheeler Real Estate Investment Trust, Inc. has 21.4% gross margin and 36.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Wheeler Real Estate Investment Trust, Inc. have?
Wheeler Real Estate Investment Trust, Inc.'s Debt/EBITDA ratio is 8.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.