Wheeler Real Estate Investment Trust Inc | REIT Profile

Symbol: WHLR
CIK: 1527541
Exchange: NASDAQ
Other Symbols: WHLRP, WHLRD, WHLRL
Founded: 2011 (14 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

See WHLR on Yahoo Finance
See WHLR on SEC.gov

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About Wheeler Real Estate Investment Trust Inc

Since our establishment in 1999, Wheeler Real Estate Company (WHLR) has been dedicated to acquiring, developing, leasing, managing, and investing in income producing assets. As a high-performing REIT, we have been revolutionizing the real estate industry by strategically positioning our tenants and assets. Our leasing team focuses on three core pillars – necessity, service, and convenience – to create a tenant mix that is current, relevant, and strategic. Over the years, our company has made significant progress from initially owning and managing approximately 5.7 million square feet of commercial property in the Mid-Atlantic, Northeast, Southeast, and Midwest regions. In 2022, we proudly acquired Cedar Realty Trust, another exceptional real estate investment trust (REIT) originally based out of New York. Cedar Realty Trust specializes in managing predominantly grocery-anchored shopping centers in high density urban markets. This acquisition enabled us to expand our presence into three new states, adding 19 valuable assets to our portfolio and increasing our total square footage to over 8 million. With their focused approach and prudent capital allocation, we continue to position ourselves as the most innovative and pioneering REIT.


Wheeler Real Estate Investment Trust Inc Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Previous Close Volume Change $ Change %
$4.42 $4.43 $4.20 $4.36 $4.43 44,830 -$0.01 -0.23%

Last update: 2025-06-13 13:01:41 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 5.7

Dividend of Trading Day 2025-06-13 [Dividends Currently Suspended]


Dividend Yield: N/A
Annualized Dividend: $1.68*
Dividend Yield (TTM): 42.6%
Annualized Dividend (TTM): $1.6
Ex-Dividend Date: 2018-03-28
Dividend Date: 2018-04-15
Dividend Frequency: Quarterly

REITBOT™ Alert
Dividends have been suspended for this REIT.


*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. This graph does not include extraordinary dividend.

Latest REIT Press Releases


See more Press Releases for Wheeler Real Estate Investment Trust Inc

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for WHLR.

Year Quarter Type Amount Dividend Paid Payout Ratio
2024 Q4 AFFO $--- $--- ---%
2024 Q4 FFO $--- $--- ---%
2024 Q3 AFFO $--- $--- ---%
2024 Q3 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.

Funds From Operations (FFO)

Key Stats of Trading Day 2025-06-13


Market Capitalization: $1,943,500 [?]
EBITDA: $53,840,000 [?]
P/E (Price-to-Earnings) Ratio: N/A [?]
PEG (Price/Earnings to Growth) Ratio: N/A [?]
Book Value: -776.70 [?]
Dividend Per Share (DPS): N/A [?]
Earnings Per Share (EPS): -197.84 [?]
Revenue Per Share (TTM): $8,055.25 [?]
Profit Margin: 2.60% [?]
Operating Margin (TTM): 26.50% [?]
Return on Assets (TTM): 3.11% [?]
Return on Equity (TTM): 10.50% [?]
Revenue (TTM): $102,793,000 [?]
Gross Profit (TTM): $67,806,000 [?]
Diluted EPS (TTM): $-197.84 [?]
Quarterly Earnings Growth YOY: N/A [?]
Quarterly Revenue Growth YOY: -5.90% [?]
Trailing P/E: N/A [?]
Forward P/E: N/A [?]
Beta: 1.46 [?]
Price-to-Sales Ratio (TTM): 0.02 [?]
Price-to-Book (P/B): N/A [?]
Enterprise Value (EV) to Revenue: 5.77 [?]
EV to EBITDA: 8.83x [?]
Shares Outstanding: 438,720 [?]
52 Week High: $70,560.00 [?]
52 Week Low: $3.69 [?]
50 Day Moving Average: $9.21 [?]
200 Day Moving Average: $1,119.83 [?]

Properties Owned by WHLR


WHLR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate


REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $2.52 per share you would have been able to buy 396 shares of WHLR on 2024-06-14 costing $997.92 @ $2.52 per share you would have been able to buy 198 shares of WHLR on 2024-06-14 costing $498.96 @ $2.52 per share you would have been able to buy 99 shares of WHLR on 2024-06-14 costing $249.48 @ $2.52 per share you would have been able to buy 39 shares of WHLR on 2024-06-14 costing $98.28 @ $2.52 per share you would have been able to buy 19 shares of WHLR on 2024-06-14 costing $47.88
Current worth On 2025-06-13 these 396 shares would be worth $1,488.96 @ $3.76 On 2025-06-13 these 198 shares would be worth $744.48 @ $3.76 On 2025-06-13 these 99 shares would be worth $372.24 @ $3.76 On 2025-06-13 these 39 shares would be worth $146.64 @ $3.76 On 2025-06-13 these 19 shares would be worth $71.44 @ $3.76
Dividends earned $0.00 in dividends would have been earned since 2024-06-14 with 396 shares. $0 in dividends would have been earned since 2024-06-14 with 198 shares. $0.00 in dividends would have been earned since 2024-06-14 with 99 shares. $0.00 in dividends would have been earned since 2024-06-14 with 39 shares. $0.00 in dividends would have been earned since 2024-06-14 with 198 shares.
Net (gain / loss)* 491.04 USD 245.52 USD 122.76 USD 48.36 USD 23.56 USD
ROI** 49.21% 49.21% 49.21% 49.21% 49.21%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History [Dividends Currently Suspended]


Below are the most recent cash dividends paid by WHLR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
WHLR 2018-03-29 0.420 --- 2017-02-27 2018-03-30 2018-04-15
WHLR 2017-12-28 0.420 23.53% 2017-02-27 2017-12-29 2018-01-15
WHLR 2017-12-27 0.340 -19.05% 2017-12-14 2017-12-28 2018-01-15
WHLR 2017-09-28 0.420 --- 2017-02-27 2017-09-29 2017-10-15
WHLR 2017-06-28 0.420 2,300.00% 2017-02-27 2017-06-30 2017-07-15
WHLR 2017-03-29 0.018 --- 2017-03-17 2017-03-31 2017-04-28
WHLR 2017-02-24 0.018 --- 2017-02-16 2017-02-28 2017-03-31
WHLR 2017-01-27 0.018 --- 2017-01-18 2017-01-31 2017-02-28
WHLR 2016-12-28 0.018 --- 2016-12-20 2016-12-30 2017-01-31
WHLR 2016-11-28 0.018 --- 2016-11-22 2016-11-30 2016-12-30
WHLR 2016-10-27 0.018 --- 2016-10-18 2016-10-31 2016-11-30
WHLR 2016-09-28 0.018 --- 2016-09-19 2016-09-30 2016-10-31

Financial Statements Overview


The next Earnings Report for WHLR is

Balance Sheet | Quarterly


Assets 2025-03-31 2024-12-31 QoQ
Current Assets
  Cash and Cash Equivalents at Carrying Value 19,233,000 42,964,000
  Short-Term Investments 12,506,000 0
  Cash and Short Term Investments 19,233,000 42,964,000
  Current Net Receivables 14,864,000 0
  Inventory 0 0
  Other Current Assets 0 17,752,000
  Total Current Assets 46,603,000 75,408,000 -38.2%
Non-Current Assets
  Property Plant Equipment 0 0
  Accumulated Depreciation Amortization PPE 0 0
  Long-Term Investments 12,506,000 12,025,000
  Investments 0 0
  Intangible Assets Excluding Goodwill 1,019,000 11,806,000
  Goodwill 0 0
  Intangible Assets 1,019,000 11,806,000
  Other Non-Current Assets 0 0
  Total Non-Current Assets 10,199,000 578,294,000 -98.2%
  Total Assets 624,755,000 653,702,000 -4.4%
Liabilities
Current Liabilities
  Current Accounts Payable 0 0
  Deferred Revenue 0 0
  Current Debt 0 0
  Short-Term Debt 0 11,121,000
  Current Long-Term Debt 0 0
  Short Long-Term Debt Total 0 503,858,000
  Other Current Liabilities 105,000 17,131,000
  Total Current Liabilities 27,886,000 28,252,000 -1.3%
Non-Current Liabilities
  Long-Term Debt Noncurrent 0 0
  Long-Term Debt 472,794,000 482,609,000
  Capital Lease Obligations 19,778,000 21,249,000
  Other Non-Current Liabilities 0 0
  Total Non-Current Liabilities 498,751,000 508,796,000
  Total Liabilities 526,637,000 537,048,000 -1.9%
Shareholders' Equity
  Common Stock 5,000 3,000
  Common Stock Shares Outstanding 306 206
  Treasury Stock 0 0
  Retained Earnings -353,881,000 -347,029,000
  Total Shareholder Equity -21,990,000 59,256,000 -137.1%

Amounts in USD ($)

Income Statement | Quarterly


2025-03-31 2024-12-31 QoQ
Total Revenue 24,354,000 27,593,000 -11.7%
  Cost of Revenue   8,937,000   8,942,000
  Cost of Goods and Services Sold   8,937,000   8,942,000
Gross Profit 15,417,000 18,651,000 -17.3%
  Research and Development   0   0
  Selling General and Administrative   2,732,000   3,494,000
  Depreciation   0   0
  Depreciation and Amortization   6,231,000   5,277,000
  Operating Expenses   17,900,000   14,014,000
Operating Income 12,142,000 4,637,000 161.9%
  EBIT (Earnings Before Interest and Tax)   -14,971,000   48,641,000
  Investment Income Net   0   0
  Net Interest Income   -7,851,000   -8,364,000
  Interest Income   242,000   204,000
  Interest Expense   -8,093,000   8,052,000
  Interest and Debt Expense   0   0
  Non Interest Income   0   0
  Other Non Operating Income   0   0
Income Before Tax 5,426,000 39,762,000 -86.4%
  Income Tax Expense -26,000 0
Net Income from Continuing Operations 5,400,000 39,762,000
Net Income -6,852,000 37,507,000 -118.3%
Comprehensive Income Net of Tax 0 0
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) -8,740,000 53,918,000

Amounts in USD ($)

Cash Flow | Quarterly


Cash Flows from Operating Activities 2025-03-31 2024-12-31 QoQ
  Net Income 5,400,000 39,762,000 -86.4%
  Depreciation, Depletion, and Amortization 6,231,000 5,277,000
  Change in Receivables 0 0
  Change in Inventory 0 0
  Change in Operating Assets 0 0
  Change in Operating Liabilities 0 0
  Payments for Operating Activities 0 0
  Proceeds from Operating Activities 0 0
  Profit Loss 0 0
  Net Cash Provided by Operating Activities 4,440,000 5,400,000 -17.8%
Cash Flows from Investing Activities
  Capital Expenditures 2,077,000 0
  Net Cash Used in Investing Activities 0 0
Cash Flows from Financing Activities
  Proceeds from Issuance of Common Stock 0 0
  Proceeds from Issuance of Preferred Stock 0 0
  Proceeds from Issuance of Long-Term Debt 0 0
  Proceeds from Repurchase of Equity 0 0
  Proceeds from Sale of Treasury Stock 0 0
  Repayment of Short-Term Debt 0 0
  Payments for Repurchase of Common Stock 0 0
  Payments for Repurchase of Preferred Stock 0 0
  Payments for Repurchase of Equity 0 0
  Dividend Payout 2,104,000 0
  Dividend Payout - Common Stock 2,104,000 0
  Dividend Payout - Preferred Stock 0 0
  Net Cash Provided by Financing Activities -34,364,000 -13,621,000 152.3%
Other Items
  Effect of Exchange Rate on Cash 0 0
  Net Increase in Cash and Cash Equivalents 0 0

Amounts in USD ($)

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. 5.1
0 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 8.0
Rating AFFO & Efficiency Section Avg. Rating
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 9.4
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.5
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 8.1
9 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.5
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.5
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.6
1 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. 6.7
Rating Asset & Revenue Section Avg. Rating
7 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 6.5
8 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.5
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.1
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 5.9
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.8
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 7.7
Rating Market Cap Section Avg. Rating
5.7 Overall REITRating™ Score (See trend) 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.

REITProperty


Below are some of the properties owned by this WHLR. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Alex City Marketplace Retail 935 Market Pl Alexander City AL
Amscot Building Retail 160 W Fletcher Avenue Tampa FL
Beaver Ruin Village I Retail 4145 - 4155 Lawrenceville Hwy NW Lilburn GA

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Last updated: 2025-06-14 - v6.3