Wheeler Real Estate Investment Trust Inc

Symbol: WHLR
CIK: 1527541
Exchange: NASDAQ
Founded: 2011 (8 years)
HQ: Virginia Beach, VA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Retail
Internally Managed REIT

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See WHLR on SEC.gov

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Overall Score: 4.2

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


Wheeler Real Estate Investment Trust Inc Company Logo

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Hightlights of Trading Day October 18, 2019


Open Price: $1.69
Closing Price: $1.71
Price Change: N/A (N/A)
Lowest Price: $1.69
Highest Price: $1.75

52-Week Low: $0.72
52-Week High: $4.03
52-Week Change: -55.70%

5 Day Price Change: 0.49%
1 Month Price Change: 14.56%
3 Month Price Change: 4.78%
6 Month Price Change: -12.33%
YTD Price Change: 106.51%
1 Year Price Change: -55.48%
2 Year Price Change: -82.10%
5 Year Price Change: -95.14%

Dividend of Trading Day October 18, 2019


Dividend Yield: 98.246%* [Dividends Currently Suspended]
Annualized Dividend: $1.68*
Dividend Yield (TTM): N/A
Annualized Dividend (TTM): N/A
Ex Dividend Date: 2018-03-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $17,999,000
Current Debt: $83,677,000
Revenue: $63,743,000
Gross Profit: $20,176,000
Total Revenue: $63,743,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $36,283,000
Revenue Per Share: $7
Revenue Per Employee: $1,274,860
Employee: 50
Debt to Equity Ratio (D/E): 3.03
Profit Margin: -0.27%
Enterprise Value (EV): $358,693,030
Enterprise Value to Revenue (EV/R): 5.63
Price to Sales (P/S): 0.26
Price to Book (P/B): 0.14
Peg Ratio: -0.01
P/E Ratio: -0.49
P/E High: -1.48
P/E Low: -0.23
Forward P/E Ratio: N/A
Market Capitalization: $16,575,030
Beta: 0.69
Latest Volume: 4,809.00
Avg. Total Volume: 24,168
Avg. 10 Volume: 11,101.40
Avg. 30 Volume: 24,167.57
TTM EPS: -3.49
TTM Dividend Rate: N/A
Shares Outstanding: 9,693,000
Float: 7,436,004.34
50-Day Moving Avg.: 1.45
200-Day Moving Avg.: 1.66

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Properties Owned by WHLR


Properties owned:
68
Types:
1
States:
13
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
WHLR Sample Property
Website Logo See list of properties owned by WHLR
Please visit this REIT’s official webpage to learn more.

Occupancy Rate


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Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by WHLR, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 20,360,000 18,605,000 17,999,000 0
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 11,762,000 0 0 0
Goodwill 0 0 0 5,486,000
Intangible Assets 30,746,000 6,793,000 36,703,000 38,862,000
Other Assets 7,870,000 50,267,000 9,698,000 24,008,000
Net Tangible Assets 112,773,000 119,824,000 119,016,000 125,380,000
Total Assets 498,790,000 509,097,000 508,081,000 527,088,000
Accounts Payable 0 0 0 0
Liabilities (Other) 25,427,000 38,415,000 26,754,000 39,115,000
Current Liabilities (Other) 0 0 0 3,037,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 77,944,000 83,751,000 83,677,000 4,147,000
Long-term Debt 280,304,000 264,900,000 276,440,000 349,946,000
Total Liabilities 383,922,000 387,066,000 386,871,000 393,208,000
Minority Interest -112,000 13,000 -336,000 12,000
Common Stock 97,000 97,000 95,000 94,000
Retained Earnings -244,772,000 -235,131,000 -233,184,000 -218,498,000
Treasury Stock 0 0 0 0
Capital Surplus 233,861,000 233,861,000 233,697,000 233,001,000
Shareholder Equity 112,773,000 119,824,000 119,016,000 130,866,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 15,338,000 15,769,000 15,791,000 15,909,000
Cost of Revenue 9,689,000 10,339,000 10,562,000 10,442,000
Gross Profit 5,649,000 5,430,000 5,229,000 5,467,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 10,999,000 12,091,000 12,410,000 12,278,000
Operating Income 4,269,000 3,616,000 3,381,000 3,365,000
Income Expense Net (Other) -11,425,000 -2,953,000 -12,359,000 -3,925,000
EBIT 4,269,000 3,616,000 3,381,000 3,365,000
Interest Income 4,947,000 4,793,000 5,288,000 5,183,000
Pretax Income -7,156,000 663,000 -8,978,000 -560,000
Income Tax 7,000 8,000 -32,000 30,000
Minority Interest -112,000 13,000 -336,000 12,000
Net Income -7,051,000 642,000 -12,548,000 -602,000
Net Income Basic -10,709,000 -3,015,000 -15,754,000 -3,810,000

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income -7,051,000 642,000 -12,548,000 -602,000
Depreciation 5,093,000 5,590,000 4,497,000 5,732,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 1,755,000 606,000 -2,347,000 1,734,000
Cash Flow 5,138,000 2,669,000 3,462,000 5,911,000
Capital Expenditures -661,000 -285,000 -1,726,000 -1,106,000
Investments 0 3,584,000 23,452,000 2,071,000
Investing Activity (Other) 0 0 -2,000 -5,000
Total Investing Cash Flows -685,000 3,318,000 -1,429,000 960,000
Dividends Paid 0 0 -3,037,000 -3,037,000
Net Borrowings -2,729,000 -5,350,000 -1,295,000 -2,044,000
Cash Flow Financing -2,698,000 -5,381,000 -4,380,000 -5,137,000
Financing Cash Flows (Other) 31,000 -31,000 -48,000 -56,000
Exchange Rate Effect 0 0 0 0

About Wheeler Real Estate Investment Trust Inc


Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust (WHLR) was formed with the primary objective of acquiring, financing, developing, leasing, owning and managing income producing assets such as strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. WHLR’s portfolio consist of strategically selected properties that are located in the Mid-Atlantic, Southeast and Southwest regions of the United States, and are generally leased by nationally and regionally recognized retailers of consumer goods (Food Lion / CVS / TJ Maxx).

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
1 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
4 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
4.2 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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