About Wheeler Real Estate Investment Trust, Inc.
https://www.whlr.usHeadquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR ) is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

CEO
Michael Andrew Franklin
Compensation Summary
(Year 2022)
Salary $400,000
Bonus $175,000
All Other Compensation $42,121
Total Compensation $617,121
Industry REIT - Retail
Sector Real Estate
Went public September 3, 2021
Method of going public SPAC
Full time employees 56
Ratings Snapshot
Rating : B+
Discounted Cash Flow 3
Return On Equity 4
Return On Assets 2
Debt To Equity 1
Price To Earnings 4
Price To Book 5
Overall Score 3
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0
Market Cap $91.86 M
52w High $183.36
52w Low $78.00
Dividend Yield 81.36%
Frequency Special
P/E -48.8
Volume 2.00K
Outstanding Shares 946.97K
About Wheeler Real Estate Investment Trust, Inc.
https://www.whlr.usHeadquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR ) is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $23.82M ▼ | $10.51M ▲ | $11.53M ▲ | 48.39% ▲ | $18.37 ▲ | $27.31M ▲ |
| Q2-2025 | $26.1M ▲ | $3.41M ▲ | $-2.45M ▼ | -9.38% ▼ | $-47.25 ▲ | $12.67M ▼ |
| Q1-2025 | $24.35M ▼ | $3.27M ▼ | $3.54M ▼ | 14.52% ▼ | $-784.5 ▼ | $19.04M ▼ |
| Q4-2024 | $27.59M ▲ | $14.01M ▲ | $37.51M ▲ | 135.93% ▲ | $30.34K ▲ | $53.92M ▲ |
| Q3-2024 | $24.79M | $2.45M | $-33.32M | -134.4% | $-10.93K | $-17.34M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $27.09M ▼ | $625.17M ▼ | $531.29M ▼ | $62.06M ▲ |
| Q2-2025 | $28.07M ▲ | $625.95M ▲ | $534.3M ▲ | $53.78M ▲ |
| Q1-2025 | $19.23M ▼ | $624.75M ▼ | $526.64M ▼ | $53.67M ▼ |
| Q4-2024 | $42.96M ▲ | $653.7M ▼ | $537.05M ▼ | $59.26M ▲ |
| Q3-2024 | $37.07M | $673.2M | $583M | $25.64M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $12.98M ▲ | $0 ▼ | $0 ▼ | $0 ▲ | $0 ▼ | $0 ▼ |
| Q2-2025 | $-1M ▼ | $8.88M ▲ | $9.12M ▼ | $-6.94M ▲ | $11.06M ▲ | $2.89M ▲ |
| Q1-2025 | $5.4M ▼ | $4.44M ▼ | $16.23M ▲ | $-34.36M ▼ | $-13.7M ▼ | $2.36M ▼ |
| Q4-2024 | $39.76M ▲ | $5.4M ▼ | $13.92M ▲ | $-13.62M ▼ | $5.7M ▼ | $5.4M ▲ |
| Q3-2024 | $-33.32M | $7.48M | $7.26M | $-1.48M | $13.26M | $715K |
Revenue by Products
| Product | Q3-2024 | Q4-2024 | Q2-2025 | Q1-2025 |
|---|---|---|---|---|
Base Rent | $20.00M ▲ | $40.00M ▲ | $20.00M ▼ | $20.00M ▲ |
Lease Termination Fees | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Other Services | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Tenant Reimbursements | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |

CEO
Michael Andrew Franklin
Compensation Summary
(Year 2022)
Salary $400,000
Bonus $175,000
All Other Compensation $42,121
Total Compensation $617,121
Industry REIT - Retail
Sector Real Estate
Went public September 3, 2021
Method of going public SPAC
Full time employees 56
Ratings Snapshot
Rating : B+
Discounted Cash Flow 3
Return On Equity 4
Return On Assets 2
Debt To Equity 1
Price To Earnings 4
Price To Book 5
Overall Score 3
Price Target
Target High $0
Target Low $0
Target Median $0
Target Consensus $0

