Company Analysis

Wheeler Real Estate Investment Trust, Inc. (WHLR)

Nasdaq: WHLR · Real Estate Investment Trusts · Virginia Beach, VA · filing with the SEC since 2011
Grade4.2
◀ Past 2.5● Present 4.1▶ Future 5.8
1 est.

The grade of Wheeler Real Estate Investment Trust, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.2/10
◀ Past2.525% of the headline
● Present4.145% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.5/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.2/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2024-07-01.

weight 45% of this tense · 12th percentile among 174 sector filers · read for itself

From the record

Wheeler Real Estate Investment Trust, Inc.'s filings since 2017 show 5 warning events: a notice about its exchange listing (8-K item 3.01, 5 times, the latest 2024-07-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.3/10

What has it actually done, year after year?

+9.4% a year over 10 filed years; profitable in 2 of 10.

weight 33% of this tense · 43rd percentile among 156 sector filers · read for its customers

From the record

Wheeler Real Estate Investment Trust, Inc.'s 10 filed years say what it did: revenue went from $44 million in fiscal 2016 to $99 million in fiscal 2025, up 9.4% a year; it rose in 6 of 9 years; the deepest fall was 7% from fiscal 2018 to fiscal 2020; net income was positive in 2 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.4%top 34% of its family
  • the share of years revenue rosebottom 34% of its family
  • the share of filed years with a profitbottom 7% of its family
  • the deepest fall from a revenue peak6.5%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.5/10

How has it treated the people who own it?

SI estimate 2.5/10, confidence 35 of 100 (one part).

weight 22% of this tense · 25th percentile among 169 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 25% of 169 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 169 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Wheeler Real Estate Investment Trust, Inc.'s shareholder treatment is put at 2.5 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 25% of 169 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.1/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
5.0/10

Is it financially healthy right now?

ROE 28%: 28¢ of profit per shareholder dollar. Leverage 95%: owes 95¢ per asset dollar.

weight 45% of this tense · 50th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Wheeler Real Estate Investment Trust, Inc. earned about 28 cents of profit for every dollar of shareholders' money. Leverage: it owed about 95 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 5% of its family
  • return on equitytop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.2/10

How strong is its position in its industry?

bottom 42% of 157 in its family; net margin 8.8%.

weight 33% of this tense · 42nd percentile among 157 sector filers · read for its customers

From the record

Wheeler Real Estate Investment Trust, Inc.'s standing among 157 graded names in its industry family: revenue of $99 million in fiscal 2025 ranks in the bottom 17% by size; a net margin of 8.8% ranks in the bottom 43%; revenue growth of 9.1% a year over the last 3 filed years ranks in the top 34% (its annual reports).

What it rests on

  • revenue against the family$99.4Mbottom 17% of its family
  • net margin8.8%bottom 43% of its family
  • three-year revenue growth9.1%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.0/10

What are the people in charge doing?

bottom 20% of 160 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 20th percentile among 160 sector filers · read for its shareholders

From the record

Wheeler Real Estate Investment Trust, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Franklin, Michael Andrew (CEO, as filed), filing under that title since 2021-08-23, 5.2 years (bottom 38% of its family); the 6 officers and directors filing in the last fifteen months have been on the record a median of 4 years (bottom 7%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 6 people in charge now (bottom 15%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 6 peoplebottom 15% of its family
  • the median years the people in charge have filed4.0 yearsbottom 7% of its family
  • the chief executive's years on the record5.2 yearsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.2/10

How much room does it have to grow?

top 38% of 146 in its family for room to expand.

weight 22% of this tense · 62nd percentile among 146 sector filers · read for itself

From the record

Wheeler Real Estate Investment Trust, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $24 million against no long-term debt tagged leaves 3.9% of its assets as net cash, top 11% of its family; cash from operations less capital spending is 21.2% of revenue (bottom 35%) (its annual report).

What it rests on

  • cash less debt against assets3.9%top 11% of its family
  • cash from operations less capital spending against revenue21.2%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.3/10

What could actually drive growth from here?

top 47% of 153 in its family for growth drivers.

weight 33% of this tense · 53rd percentile among 153 sector filers · read for its customers

From the record

Wheeler Real Estate Investment Trust, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 9.1% a year over the last three filed years against 9.4% over all 10, slowing (top 42% of its family); the newest year grew -4.9% (bottom 20%); capital spending grew 46.4% a year (top 19%) (its annual reports). Wheeler Real Estate Investment Trust, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-0.4 points a yeartop 42% of its family
  • the newest year's revenue growth-4.9%bottom 20% of its family
  • three-year growth of capital spending46.4%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.0/10

Did its newest year beat what its own record pointed to?

top 40% of 150 in its family for expectations against reality.

weight 45% of this tense · 60th percentile among 150 sector filers · read for its shareholders

From the record

Wheeler Real Estate Investment Trust, Inc.'s newest year against its own record: revenue of $99 million in fiscal 2025 came in 18.6% below the $122 million its prior three years' pace pointed to (bottom 10% of its family); net income of $9 million against a prior three-year average of $9 million (top 15%); a net margin of 8.8% against -10% before (top 16%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-18.6%bottom 10% of its family
  • net income against the prior three years' average+198%top 15% of its family
  • net margin against its prior average+18.8 pointstop 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WHLR · research, not advice