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Wheeler Real Estate Investment
(NASDAQ:WHLR)
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Rating:42Neutral
Price Target:
$0.37
â–¼(-85.45% Downside)
Action:Reiterated
Date:07/15/26
The score is primarily weighed down by elevated financial risk (negative equity and historically very high leverage) alongside a severe downtrend in the stock’s technicals. Positive operating/free cash flow provides some offset, but valuation signals are not supportive based on the provided P/E and missing dividend yield, and recent capital-structure actions, while liquidity-friendly, introduce continued dilution risk.
Positive Factors
Cash Generation
Consistent positive operating cash flow and improving free cash flow provide a durable liquidity buffer. This supports property maintenance, debt servicing, and selective capital needs without immediate reliance on external funding, improving operational resilience over the next several months.
Negative Factors
Balance Sheet Stress
Historically very high leverage and reported negative equity in TTM indicate constrained financial flexibility and heightened refinancing risk. This structural weakness can increase borrowing costs, restrict access to capital, and limit the company’s ability to pursue acquisitions or withstand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent positive operating cash flow and improving free cash flow provide a durable liquidity buffer. This supports property maintenance, debt servicing, and selective capital needs without immediate reliance on external funding, improving operational resilience over the next several months.
Read all positive factors
Wheeler Real Estate Investment (WHLR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.17M
Dividend YieldN/A
Average Volume (3M)121.66K
Price to Earnings (P/E)―
Beta (1Y)-7.14
Revenue Growth-4.01%
EPS Growth99.98%
CountryUS
Employees49
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)-606.72
Shares Outstanding3,030,738
10 Day Avg. Volume93,624
30 Day Avg. Volume121,656
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.03
Price to Sales (P/S)0.02
P/FCF Ratio0.54
Enterprise Value/Market Cap386.53
Enterprise Value/Revenue4.55
Enterprise Value/Gross Profit8.02
Enterprise Value/Ebitda6.84
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wheeler Real Estate Investment Business Overview & Revenue Model
Company Description
Wheeler Real Estate Investment Trust, Inc. (Nasdaq: WHLR), headquartered in Virginia Beach, Virginia, operates as a self-managed and fully integrated commercial real estate investment trust. Its core business centers on the acquisition, leasing, a...
How the Company Makes Money
WHLR primarily makes money by acquiring and owning retail shopping centers and generating recurring revenue from leasing space to tenants. Its key revenue streams are (1) base rental income paid under long-term commercial leases, (2) reimbursement...
Wheeler Real Estate Investment Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 99.41M | 99.44M | 104.57M | 102.33M | 76.64M | 61.31M |
| Gross Profit | 56.43M | 66.40M | 69.47M | 67.45M | 50.91M | 41.69M |
| EBITDA | 66.17M | 68.87M | 55.65M | 62.33M | 32.47M | 38.49M |
| Net Income | 5.86M | 8.77M | -9.58M | -4.69M | -12.45M | -9.44M |
Balance Sheet | ||||||
| Total Assets | 594.01M | 601.73M | 653.70M | 668.33M | 684.54M | 465.28M |
| Cash, Cash Equivalents and Short-Term Investments | 23.59M | 23.66M | 42.96M | 18.40M | 28.49M | 22.90M |
| Total Debt | 476.20M | 483.75M | 492.74M | 505.72M | 506.48M | 349.72M |
| Total Liabilities | 502.61M | 507.04M | 537.05M | 526.80M | 531.98M | 368.93M |
| Stockholders Equity | 63.02M | 63.44M | 59.26M | 75.41M | 86.36M | 94.41M |
Cash Flow | ||||||
| Free Cash Flow | 4.25M | 4.03M | 3.46M | 913.00K | 22.25M | 10.63M |
| Operating Cash Flow | 21.16M | 21.13M | 25.99M | 20.93M | 30.76M | 17.04M |
| Investing Cash Flow | 51.62M | 32.14M | 3.98M | -31.52M | -133.51M | 5.10M |
| Financing Cash Flow | -29.87M | -65.36M | -9.06M | -5.47M | 118.20M | -24.49M |
Wheeler Real Estate Investment Technical Analysis
Negative
2.57
Price Trends
3.07
Negative
8.33
Negative
76.23
Negative
Market Momentum
-0.95
Negative
20.72
Positive
4.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WHLR, the sentiment is Negative. The current price of 2.57 is above the 20-day moving average (MA) of 1.40, below the 50-day MA of 3.07, and below the 200-day MA of 76.23, indicating a bearish trend. The MACD of -0.95 indicates Negative momentum. The RSI at 20.72 is Positive, neither overbought nor oversold. The STOCH value of 4.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WHLR.
Wheeler Real Estate Investment Risk Analysis
Wheeler Real Estate Investment disclosed 63 risk factors in its most recent earnings report. Wheeler Real Estate Investment reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wheeler Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.68B | 9.64 | 49.14% | 6.79% | 10.29% | 160.54% | |
67 Neutral | $897.76M | 24.07 | 11.80% | 7.89% | 8.31% | -28.42% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
59 Neutral | $231.94M | 1.32 | 47.95% | ― | -67.13% | -68.06% | |
54 Neutral | $350.32M | -286.10 | 0.27% | 7.01% | 19.95% | -181.87% | |
46 Neutral | $146.44M | -1.79 | -23.49% | ― | -5.08% | 49.80% | |
42 Neutral | $1.17M | ― | 20.26% | ― | -4.01% | 99.98% |
* Real Estate Sector Average
WHLR
Wheeler Real Estate Investment
0.36
-1,698.84
-99.98%
SITC
SITE Centers
4.48
-1.70
-27.54%
BFS
Saul Centers
36.65
6.04
19.75%
SRG
Seritage
2.64
-0.58
-18.01%
PINE
Alpine Income Property Trust Inc
21.75
8.36
62.47%
CBL
CBL & Associates Properties
55.27
30.28
121.15%
Wheeler Real Estate Investment Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Wheeler REIT simplifies capital structure with stock exchanges
Positive
Jul 15, 2026
On July 7, 9 and 10, 2026, Wheeler Real Estate Investment Trust, Inc. executed a series of securities exchanges with unaffiliated investors, issuing a total of more than 1.2 million shares of common stock in return for outstanding Series B and Ser...
Business Operations and StrategyPrivate Placements and Financing
Wheeler REIT Continues Preferred Conversions and Note Dilution
Negative
Jul 7, 2026
On June 26, June 30, and July 2, 2026, Wheeler Real Estate Investment Trust exchanged a total of preferred shares, including Series B and Series D stock, for 2,120,707 newly issued shares of common stock with multiple unaffiliated investors, retir...
Business Operations and StrategyPrivate Placements and Financing
Wheeler Real Estate Executes Preferred-for-Common Stock Exchange
Positive
Jun 26, 2026
On June 22, 2026, Wheeler Real Estate Investment Trust, Inc. agreed to issue 86,583 shares of common stock to an unaffiliated investor in exchange for 16,492 shares of its Series B Convertible Preferred Stock and 4,123 shares of its Series D Cumul...
Business Operations and StrategyM&A Transactions
Wheeler REIT Explores Strategic Sale of Retail Portfolio
Neutral
Jun 23, 2026
On June 19, 2026, Wheeler Real Estate Investment Trust engaged CBRE’s National Retail Partners to list and market thirty-five of its fifty-nine properties in a potential portfolio sale, signalling a possible reshaping of its retail shopping ...
Regulatory Filings and Compliance
Wheeler Real Estate Updates Security Holder Rights Structure
Neutral
Jun 12, 2026
In a brief regulatory-related disclosure, Wheeler Real Estate Investment referenced information required under Item 3.03 of Form 8-K, indicating a focus on matters that could affect the company’s capital structure or securities. The sparse f...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Wheeler REIT Adjusts Conversion Terms Amid Ongoing Redemptions
Negative
Jun 8, 2026
For June 2026, Wheeler Real Estate Investment Trust, Inc. reported that the lowest price at which its Series D Cumulative Convertible Preferred Stock was converted into common stock was approximately $1.26, triggering a further adjustment in the c...
Business Operations and StrategyPrivate Placements and Financing
Wheeler Real Estate Investment Executes Preferred-for-Common Exchange
Neutral
Jun 1, 2026
On May 28, 2026, Wheeler Real Estate Investment Trust, Inc. agreed to issue 142,800 shares of its common stock to an unaffiliated existing investor in exchange for 2,800 shares of its Series D Cumulative Convertible Preferred Stock and 5,600 share...
Business Operations and StrategyPrivate Placements and Financing
Wheeler Real Estate Investment Shifts Preferred to Common Equity
Neutral
May 27, 2026
On May 21, 2026, Wheeler Real Estate Investment Trust, Inc. agreed to issue 757,850 shares of common stock to three unaffiliated investors in exchange for an aggregate 15,157 shares of Series D Cumulative Convertible Preferred Stock and 30,314 sha...
Business Operations and StrategyPrivate Placements and Financing
Wheeler Real Estate Shifts Note Interest to Equity
Negative
May 20, 2026
On May 15, 2026, Wheeler Real Estate Investment decided that the interest due June 30, 2026 on its 7.00% Subordinated Convertible Notes due 2031 will be paid not in cash but in shares of its Series D Cumulative Convertible Preferred Stock to noteh...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Wheeler Real Estate Reports First Quarter 2026 Results
Neutral
May 8, 2026
Wheeler Real Estate Investment Trust, Inc. reported its financial and operating results for the quarter ended March 31, 2026, following the filing of its Form 10-Q with the SEC on May 8, 2026. The company also made additional supplemental financia...
Business Operations and StrategyPrivate Placements and Financing
Wheeler Real Estate Simplifies Capital Structure via Exchanges
Positive
May 6, 2026
On April 20, 2026, Wheeler Real Estate Investment Trust, Inc. exchanged 1,000 shares of its Series D Cumulative Convertible Preferred Stock and 2,000 shares of its Series B Convertible Preferred Stock held by an unaffiliated investor for 25,000 sh...
Business Operations and Strategy
Wheeler REIT Adjusts Conversion Price After May Redemptions
Neutral
May 6, 2026
Wheeler Real Estate Investment Trust, Inc. reported that May 2026 redemptions of its Series D Cumulative Convertible Preferred Stock triggered a further adjustment in the conversion price of its 7.00% Subordinated Convertible Notes due 2031 to app...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.