Wheeler Real Estate Investment Trust, Inc. (WHLRP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WHLRP Revenue Growth
Revenue Breakdown (FY 2024)
WHLRP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
WHLRP Revenue Analysis (2014–2025)
As of May 8, 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.
Looking at the longer-term picture, WHLRP's 5-year compound annual growth rate (CAGR) stands at +10.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $104.6 million in 2024.
Revenue diversification analysis shows WHLRP's business 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 maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including WHLR (-4.9% YoY), NXRT (-0.7% YoY), and SITC (-54.7% YoY), WHLRP has underperformed the peer group in terms of 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 | $100M | -4.9% | +10.5% | 36.4% | |
 NXRT | $251M | -0.7% | +4.2% | 11.1% | |
 SITC | $123M | -54.7% | -23.2% | -1.3% | |
 KRG | $848M | -3.5% | +26.0% | 23.1% | |
 UE | $472M | +7.3% | +7.4% | 26.8% |
WHLRP Historical Revenue Data (2014–2025)
| 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% |
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Start ComparisonWHLRP — Frequently Asked Questions
Quick answers to the most common questions about buying WHLRP stock.
Is WHLRP's revenue growth accelerating or slowing?
WHLRP revenue declined -8.8% year-over-year, contrasting with the 5-year CAGR of +10.5%. TTM revenue fell to $99M. This reverses the prior growth trend.
What is WHLRP's long-term revenue growth rate?
Wheeler Real Estate Investment Trust, Inc.'s 5-year revenue CAGR of +10.5% reflects the variable expansion pattern. Current YoY growth of -8.8% is below this long-term average.
How is WHLRP's revenue distributed by segment?
WHLRP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.