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WHLR Financials Wheeler Real Estate Investment Trust, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 12.7% per year over the past 5 years.
  • Net income has grown faster than revenue (104.5% vs 12.7% per year).
  • Operating margin has expanded, at 2468.4% in the latest year.
  • Free cash flow has grown 6.1% per year over the past 5 years.

Financial health

  • Total debt has grown slower than revenue (5.6% vs 12.7% per year).
  • Operating income covered interest expense 11× in the latest year.

Shareholder returns

  • Dividends have been paid for 4 consecutive years, consuming 74.8% of earnings.
Revenue & net income
-$18M -$4M $9M $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-1117% 676% 2468% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$6M $8M $22M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $239M $478M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$134M -$8M $118M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2M $9M 0.0% 2468.4% — — $24M
2024 $2M -$10M 0.0% 1732.7% — — $43M
2023 $2M -$5M 0.0% 1475.5% — $478M $18M
2022 $1M -$12M 0.0% 1696.4% $22M $466M $28M
2021 $942000 -$9M 0.0% 2071.1% $11M $336M $23M
2020 $964000 $245000 0.0% 1910.6% $14M $347M $8M
2019 $720000 -$8M 0.0% 1507.5% $13M $343M $5M
2018 — -$17M — — $16M $364M $4M
2017 — -$12M — — $17M $308M $4M
2016 — -$11M — — $9M — $5M
2015 — -$18M — — -$6M — $10M
2014 — -$11M — — -$3M — $10M
2013 — -$4M — — -$3M — $1M
2012 — -$1M — — -$337221 $32M $2M
2011 — -$554599 — — $316366 — $104007

Valuation over time

How the market has priced WHLR against its own fundamentals since 2023-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 4.0 7.9 Apr '23 Sep '23 Feb '24 Jul '24 Dec '24 May '25 Oct '25 Mar '26
P/S
Dividend yield (%)
0.0 3791.4 7582.8 Apr '23 Sep '23 Feb '24 Jul '24 Dec '24 May '25 Oct '25 Mar '26
Dividend yield %

Frequently asked questions

Is WHLR growing its revenue and profit?

Over the past 5 years, Wheeler Real Estate Investment Trust, Inc.'s revenue has grown 12.7% per year, and net income grown 104.5% per year. These are computed facts, not advice.

How much debt does WHLR have?

As of FY2025, Wheeler Real Estate Investment Trust, Inc. reported — of total debt against $24M of cash; operating income covered interest expense 11×.

What is WHLR's profit margin?

In FY2025, gross margin was —, operating margin 2468.4%, and net margin 500.9%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.