balance equationreview2025-12-31
Difference 63204000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$99.44M
Fiscal year ended 2025-12-31Operating income
$43.22M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Wheeler Real Estate Investment Trust, Inc. (WHLR) reported revenue of $99.44M and net income of $8.77M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Wheeler Real Estate Investment Trust, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.44M | $104.57M | $102.32M | $76.64M | $61.31M | $61.00M | $63.16M | $65.28M | $58.54M | $44.16M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $43.22M | $37.53M | $29.41M | $24.60M | $19.51M | $18.42M | $10.85M | $2.46M | $1.56M | -$291.00K |
| Net income | $8.77M | -$9.63M | -$4.69M | -$12.45M | -$9.44M | $245.00K | -$8.04M | -$16.50M | -$12.09M | -$11.20M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | Unavailable | Unavailable | Unavailable | Unavailable | shares 9.71M | shares 9.70M | Unavailable | Unavailable | Unavailable | Unavailable |
| Pretax income | $14.86M | $712.00K | $6.13M | -$8.47M | -$9.35M | $287.00K | -$8.13M | -$17.77M | -$14.16M | -$12.96M |
| Income tax expense | $26.00K | $1.00K | $48.00K | $0 | $2.00K | $0 | $15.00K | $40.00K | $137.00K | $107.00K |
| Diluted EPS | $-36.01 | $-346,484.38 | $-13,157.97 | $-22.04 | $-1.36 | $-0.96 | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $11.71M | $10.80M | $11.75M | $8.62M | $7.14M | $5.83M | $6.63M | $8.23M | $7.36M | $9.92M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $23.66M | $42.96M | $18.40M | $28.49M | $22.90M | $7.66M | $5.45M | $3.54M | $3.68M | $4.86M |
| Total assets | $601.73M | $653.70M | $668.33M | $684.54M | $465.28M | $489.38M | $484.36M | $508.08M | $457.67M | $489.05M |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $507.04M | $537.05M | $526.80M | $531.98M | $368.93M | $376.97M | $371.13M | $386.87M | $333.84M | $331.32M |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $31.49M | $32.03M | $44.82M | $51.03M | $3.80M | $16.85M | $26.01M | $44.26M | $70.60M | $105.19M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $15.76M | $14.69M | $13.13M | $13.54M | $9.23M | $9.15M | $6.90M | $5.54M | $5.62M | $3.98M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $5.49M | $5.49M |
| Long-term debt | Unavailable | Unavailable | $477.57M | $466.03M | $336.43M | $347.10M | $342.89M | $364.47M | $308.12M | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.13M | $25.99M | $20.93M | $30.76M | $17.04M | $15.78M | $15.25M | $22.00M | $23.82M | $11.10M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | $8.51M | $6.41M | $2.27M | $2.71M | $5.57M | $7.31M | $1.88M |
| Investing cash flow | $32.14M | $15.48M | -$31.52M | -$133.51M | $5.10M | $2.24M | $868.00K | -$22.45M | -$3.08M | -$59.14M |
| Financing cash flow | -$65.36M | -$20.56M | -$5.47M | $118.20M | -$24.49M | $3.16M | -$12.53M | $6.16M | -$22.97M | $44.48M |
| Net change in cash | -$12.09M | $20.91M | -$16.06M | $15.45M | -$2.35M | $21.18M | Unavailable | Unavailable | -$1.19M | -$5.62M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | $0 | $14.00K | $0 | $2.00K | $940.00K | $870.00K | $1.45M |
| Common dividends paid | $6.56M | $10.44M | $10.75M | $2.69M | $0 | Unavailable | $0 | $14.59M | $20.74M | $17.69M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $22.94M | $25.32M | $28.50M | $19.54M | $14.80M | $17.29M | $21.32M | $27.09M | $26.23M | $20.64M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | $10.63M | $13.51M | $12.54M | $16.43M | $16.51M | $9.22M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 43.5% | 35.9% | 28.7% | 32.1% | 31.8% | 30.2% | 17.2% | 3.8% | 2.7% | -0.7% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | 17.3% | 22.1% | 19.9% | 25.2% | 28.2% | 20.9% |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | 0.0% | 0.0% | 0.0% | 1.4% | 1.5% | 3.3% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -4.9% | 2.2% | 33.5% | 25.0% | 0.5% | -3.4% | -3.2% | 11.5% | 32.6% | Unavailable |
| Net margin | 8.8% | -9.2% | -4.6% | -16.2% | -15.4% | 0.4% | -12.7% | -25.3% | -20.7% | -25.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | 10.5% | 3.7% | 4.3% | 8.5% | 12.5% | 4.3% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 0.2% | 0.1% | 0.8% | Unavailable | Unavailable | 0.0% | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open WHLR in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-03-05View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-06View SEC filing
Reconciliation checks needing review
12 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2024-12-31
Difference 84625000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2023-12-31
Difference 96705000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2022-12-31
Difference 101518000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2021-12-31
Difference 92548000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2020-12-31
Difference 95563000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2019-12-31
Difference 87225000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2018-12-31
Difference 76955000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2017-12-31
Difference 53236000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 1043000, beyond tolerance 1000000.
balance equationreview2016-12-31
Difference 52530000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
cash flow reconciliationreview2016-12-31
Operating, investing and financing flows differ from the reported change in cash by 2059000, beyond tolerance 1000000.