Wheeler Real Estate Investment Trust, Inc. (WHLRP) Revenue History
Annual and quarterly revenue from 2009 to present
WHLRP Revenue Over Time (2009–2025)
WHLRP Revenue Growth History
12 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- +4.7%
- FY2011 revenue growth
- +4.1%
- FY2012 revenue growth
- -50.4%
- FY2013 revenue growth
- +257.7%
- FY2014 revenue growth
- +97.1%
- FY2015 revenue growth
- +61.6%
- FY2016 revenue growth
- +59.2%
- FY2017 revenue growth
- +32.6%
- FY2018 revenue growth
- +12.3%
- FY2019 revenue growth
- -3.9%
- FY2020 revenue growth
- -3.4%
- FY2021 revenue growth
- +0.5%
- FY2022 revenue growth
- +25.0%
- FY2023 revenue growth
- +33.5%
- FY2024 revenue growth
- +2.2%
- FY2025 revenue growth
- -4.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $25.2M | -8.8% |
| Q3 2025 | $23.8M | -3.9% |
| Q2 2025 | $26.1M | -0.8% |
| Q1 2025 | $24.4M | -5.9% |
| Q4 2024 | $27.6M | +5.1% |
| Q3 2024 | $24.8M | -1.6% |
| Q2 2024 | $26.3M | +5.9% |
| Q1 2024 | $25.9M | -0.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
WHLRP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
WHLRP Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 23, 2026, Wheeler Real Estate Investment Trust, Inc. (WHLRP) generated trailing twelve-month (TTM) revenue of $99.4 million, reflecting moderate decline in growth of -8.8% year-over-year. The most recent quarter (Q4 2025) recorded $25.2 million in revenue, up 5.7% sequentially.
Historical Growth Trajectory
WHLRP's 5-year compound annual growth rate (CAGR) stands at +10.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of +9.4% is below the 5-year average, signalling a growth deceleration in recent years. Wheeler Real Estate Investment Trust, Inc.'s highest annual revenue of $104.6 million was recorded in 2024.
Revenue by Segment
WHLRP's revenue is primarily driven by Base Rent (74%), Tenant Reimbursements (24%), and Other Services (2%). With over half of revenue concentrated in Base Rent, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including WHLR (-3.5% YoY), NXRT (-0.7% YoY), and SITC (-52.8% YoY) — WHLRP has outperformed the peer group in revenue growth. Compare WHLRP vs WHLR →
WHLRP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WHLRPCurrent | $99M | -8.8% | +10.5% | 36.4% | |
 WHLR | $99M | -3.5% | +10.3% | 31.9% | |
 NXRT | $251M | -0.7% | +4.2% | 11.1% | |
 SITC | $123M | -52.8% | -23.2% | -1.3% | |
 KRG | $848M | -3.5% | +26.0% | 23.1% | |
 UE | $472M | +7.3% | +7.4% | 26.8% |
WHLRP Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $100.4M | -4.0% | $21.4M | 21.4% | $36.5M | 36.4% |
| 2024 | $104.6M | +2.2% | $69.5M | 66.4% | $37.5M | 35.9% |
| 2023 | $102.3M | +33.5% | $67.5M | 65.9% | $29.4M | 28.7% |
| 2022 | $76.6M | +25.0% | $50.9M | 66.4% | $24.6M | 32.1% |
| 2021 | $61.3M | +0.5% | $41.7M | 68.0% | $19.5M | 31.8% |
| 2020 | $61.0M | -3.4% | $42.1M | 69.0% | $18.4M | 30.2% |
| 2019 | $63.2M | -3.9% | $44.0M | 69.7% | $16.1M | 25.4% |
| 2018 | $65.7M | +12.3% | $47.2M | 71.9% | $6.4M | 9.7% |
| 2017 | $58.5M | +32.6% | $42.2M | 72.1% | $542K | 0.9% |
| 2016 | $44.2M | +59.2% | $30.7M | 69.5% | $-291,136 | -0.7% |
| 2015 | $27.7M | +61.6% | $18.3M | 65.9% | $-12,333,536 | -44.5% |
| 2014 | $17.2M | +97.1% | $12.8M | 74.9% | $-4,932,389 | -28.7% |
| 2013 | $8.7M | +257.7% | $7.0M | 80.3% | $-1,877,416 | -21.6% |
| 2012 | $2.4M | -50.4% | $1.9M | 78.7% | $-239,544 | -9.8% |
| 2011 | $4.9M | +4.1% | $3.4M | 69.1% | $1.3M | 27.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
WHLRP — Frequently Asked Questions
Quick answers to the most common questions about buying WHLRP stock.
Is WHLRP's revenue growth accelerating or slowing?
WHLRP revenue is declining -8.8% year-over-year. TTM revenue fell to $99M, contrasting with the 5-year CAGR of +10.5%. The reversal reflects either macro headwinds or company-specific challenges.
What is WHLRP's revenue history from 2009 to 2026?
Wheeler Real Estate Investment Trust, Inc. (WHLRP) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $99M, growing at -8.8% YoY. The 5-year CAGR is +10.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is WHLRP's long-term revenue growth rate (CAGR)?
Wheeler Real Estate Investment Trust, Inc.'s 5-year revenue CAGR of +10.5% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -8.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for WHLRP.
Why does WHLRP's quarterly revenue fluctuate?
WHLRP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Wheeler Real Estate Investment Trust, Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is WHLRP's revenue distributed by segment?
WHLRP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does WHLRP's revenue compare to industry peers?
Wheeler Real Estate Investment Trust, Inc. (WHLRP) with TTM revenue of $99M and -8.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.