Reading the tape
NASDAQ: WHLR
Wheeler Real Estate Investment Trust, Inc.
Real Estate · REIT - Retail
Data caution
Per-share valuation inputs need verification
Event dated Dec 31, 2025Market-derived shares outstanding and recent statement shares differ materially. Per-share ratios and valuation outputs may be unreliable until the share base is verified. This sometimes appears with ADRs or provider share-count gaps.
Market Cap
$130.98K
52w High
$904.50
52w Low
$1.64
P/E
0.17
Volume
143.65K
Outstanding Shares
68.22K
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -99.75%Revenue (TTM): -4.9%FCF (TTM): -45.08%P/S: 27th pct
What changed
The stock fell 99.75% over the last year. Revenue declined 4.9% over the trailing twelve months. Operating margin moved from 35.89% to 38.84%. Free cash flow declined 45.08% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/S, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 38.84%. Revenue declined 4.9% — this read reverses if that trend stabilizes. Free cash flow fell 45.08% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc. (Nasdaq: WHLR) is a fully integrated, self-managed commercial real estate investment company focused on owning, leasing and operating income-producing retail properties with a primary focus on grocery-anchored centers.
CEOMichael Andrew Franklin
SectorReal Estate
IndustryREIT - Retail
Employees56
IPO dateNov 19, 2012
Valuation
Forward P/E—
EV/EBITDA6.66
Enterprise value$476.45M
Price / Book0.00
Stock splits
Apr 20, 2026↓ Reverse
Every 3 shares became 1
Jan 20, 2026↓ Reverse
Every 3 shares became 1
Dec 1, 2025↓ Reverse
Every 2 shares became 1
Sep 23, 2025↓ Reverse
Every 5 shares became 1
May 27, 2025↓ Reverse
Every 7 shares became 1
Mar 27, 2025↓ Reverse
Every 5 shares became 1
Jan 28, 2025↓ Reverse
Every 4 shares became 1
Nov 19, 2024↓ Reverse
Every 2 shares became 1
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-8.78%
Gross margin66.77%▼67.85%vs FY2024
Operating margin38.84%▲1.30%vs FY2024
ROE13.82%▲185.55%vs FY2024
Analyst consensus
RatingBuy
Target price—
3
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 4, 2026
Q2 FY26 · EPS est — · Revenue est —
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