Reading the tape
NASDAQ: WHLRP
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
$5.73M
52w High
$7.75
52w Low
$3.14
P/E
0.17
Volume
3.64K
Outstanding Shares
790.74K
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 71.39%Revenue (TTM): -4.9%FCF (TTM): -16.74%P/S: 100th pct
What changed
The stock rose 71.39% over the last year. Revenue declined 4.9% over the trailing twelve months. Operating margin moved from 35.89% to 36.69%. Free cash flow declined 16.74% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 100th percentile of its historical P/S range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 36.69%) would need to stabilize or improve to justify the move. Revenue is declining 4.9% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Headquartered 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.
CEOMichael Andrew Franklin
SectorReal Estate
IndustryREIT - Retail
Employees56
IPO dateJan 29, 2015
Valuation
Forward P/E—
EV/EBITDA6.51
Enterprise value$465.64M
Price / Book0.09
Stock splits
No stock splits recorded for this ticker.
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 —
View