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Wheeler Real Estate Investment
(NASDAQ:WHLR)
Wheeler Real Estate Investment (WHLR) vs. SPDR S&P 500 ETF (SPY)
Wheeler Real Estate Investment Business Overview & Revenue Model
Wheeler Real Estate Investment Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.87M | 104.57M | 102.33M | 76.64M | 61.31M | 62.13M |
| Gross Profit | 52.43M | 69.47M | 67.45M | 50.91M | 41.69M | 25.96M |
| EBITDA | 92.82M | 50.16M | 62.33M | 32.47M | 38.49M | 36.29M |
| Net Income | 47.51M | -9.58M | -4.69M | -12.45M | -9.44M | 245.00K |
Balance Sheet | ||||||
| Total Assets | 625.17M | 653.70M | 668.33M | 684.54M | 465.28M | 489.38M |
| Cash, Cash Equivalents and Short-Term Investments | 41.34M | 42.96M | 18.40M | 28.49M | 22.90M | 42.77M |
| Total Debt | 0.00 | 503.86M | 505.72M | 506.48M | 349.72M | 347.47M |
| Total Liabilities | 532.77M | 537.05M | 526.80M | 531.98M | 368.93M | 376.97M |
| Stockholders Equity | -3.94M | 59.26M | 75.41M | 86.36M | 94.41M | 110.48M |
Cash Flow | ||||||
| Free Cash Flow | 10.65M | 25.99M | 20.93M | 22.25M | 10.63M | 13.51M |
| Operating Cash Flow | 18.72M | 25.99M | 20.93M | 30.76M | 17.04M | 15.78M |
| Investing Cash Flow | 39.26M | 15.48M | -31.52M | -133.51M | 5.10M | 2.24M |
| Financing Cash Flow | -54.93M | -20.56M | -5.47M | 118.20M | -24.49M | 3.16M |
Wheeler Real Estate Investment Technical Analysis
Wheeler Real Estate Investment Risk Analysis
Wheeler Real Estate Investment Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $951.20M | 14.71 | 21.97% | 9.06% | 2.20% | 128.61% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $725.40M | 22.59 | 12.90% | 7.90% | 5.17% | -25.96% | |
55 Neutral | $391.76M | 13.54 | 2.46% | 5.96% | -69.63% | -95.99% | |
55 Neutral | $212.04M | ― | -2.16% | 7.38% | 14.81% | -245.25% | |
47 Neutral | $3.20M | ― | 8.94% | ― | 0.14% | 99.35% | |
44 Neutral | $226.99M | ― | -21.22% | ― | -30.14% | 27.34% |
Wheeler Real Estate Investment Corporate Events
On November 6, 2025, Wheeler Real Estate Investment Trust, Inc. announced the release of its financial and operating results for the third quarter of 2025. The results, covering the three and nine months ended September 30, 2025, were filed with the SEC in a Quarterly Report on Form 10-Q and are available on the company’s investor relations website. This release provides stakeholders with updated insights into the company’s financial performance and operational status.
The most recent analyst rating on (WHLR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
On November 5, 2025, Wheeler Real Estate Investment Trust, Inc. adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $1.74 per share, a 45% discount from the previous conversion price. This adjustment follows the redemption of Series D Preferred Stock, where 11,425 shares were redeemed at a price of approximately $42.34 per share, settled by issuing 152,703 shares of common stock. The company has processed 394 redemption requests to date, redeeming 1,746,481 shares of Series D Preferred Stock, and issued approximately 575,000 shares of common stock in total. The next redemption date is set for December 5, 2025.
The most recent analyst rating on (WHLR) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
On October 15, 2025, Wheeler Real Estate Investment Trust, Inc. agreed to issue 55,000 shares of its common stock to an unaffiliated investor in exchange for 5,000 shares of Series D Cumulative Convertible Preferred Stock and 10,000 shares of Series B Convertible Preferred Stock. The transaction, settled on October 16, 2025, did not involve any cash proceeds, and the exchanged preferred stock shares were retired and cancelled. This strategic move was executed under an exemption from the registration requirements of the Securities Act of 1933, indicating a focus on optimizing the company’s capital structure without incurring additional costs.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
In October 2025, Wheeler Real Estate Investment Trust, Inc. adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $3.59 per share of common stock, reflecting a 45% discount from the previous conversion rate. This adjustment followed the redemption of 35,031 shares of Series D Preferred Stock, which were converted into 225,970 shares of common stock. The company has processed a total of 389 redemption requests, redeeming 1,735,056 shares of Series D Preferred Stock, and issued approximately 422,000 shares of common stock in settlement. The next redemption date is set for November 5, 2025.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
On September 16, 2025, Wheeler Real Estate Investment Trust, Inc. agreed to issue 253,000 shares of its common stock to two unaffiliated investors in exchange for a total of 33,000 shares of its Series B and Series D Preferred Stock. The transactions, settled on September 16 and 17, 2025, did not involve any cash proceeds, and the exchanged preferred shares have been retired and cancelled. This strategic move, executed under the exemption from the registration requirements of the Securities Act of 1933, aims to streamline the company’s capital structure and potentially improve its financial flexibility.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
On September 9 and 11, 2025, Wheeler Real Estate Investment Trust, Inc. executed transactions involving the exchange of its preferred stock for common stock with two unaffiliated investors. The company issued a total of 1,373,000 shares of common stock in exchange for 56,600 shares of Series D and 113,200 shares of Series B Preferred Stock, which were subsequently retired and cancelled. These transactions were conducted without cash proceeds and relied on a securities registration exemption.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
In September 2025, Wheeler Real Estate Investment Trust, Inc. adjusted the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to approximately $0.98 per share, following the redemption of Series D Cumulative Convertible Preferred Stock at a conversion price of approximately $1.78 per share. This adjustment represents a 45% discount and impacts the company’s financial strategy by increasing the number of common shares issued. During the September 2025 redemption, the company processed eight requests, redeeming 11,551 shares of Series D Preferred Stock and issuing 270,184 shares of common stock. Cumulatively, 1,700,025 shares of Series D Preferred Stock have been redeemed, with 982,000 shares of common stock issued in return, affecting the company’s stock structure.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
On August 27 and 28, 2025, Wheeler Real Estate Investment Trust, Inc. executed transactions involving the exchange of preferred stock for common stock with unaffiliated investors. The company issued a total of 450,000 shares of common stock in exchange for 18,000 shares of Series D and Series B Preferred Stock, without receiving any cash proceeds. These transactions were conducted under the exemption from registration requirements of the Securities Act, and the exchanged preferred stocks have been retired and cancelled.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.
On August 18 and 19, 2025, Wheeler Real Estate Investment Trust, Inc. executed transactions involving the issuance of common stock in exchange for preferred stock, resulting in the retirement and cancellation of the preferred shares. These transactions were conducted without cash proceeds and relied on exemptions from the Securities Act of 1933. At the 2025 Annual Meeting of Stockholders held on August 20, 2025, all director nominees were elected, and key proposals, including the ratification of the appointment of an independent accounting firm and multiple authorizations for the Board to effect reverse stock splits of the company’s common stock over various periods, were approved.
The most recent analyst rating on (WHLR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Wheeler Real Estate Investment stock, see the WHLR Stock Forecast page.