Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) Financials

WHLRL

Trailing 12 months to June 30, 2026

Revenue $95.5M -7.2% YoY

Net Income $8.2M -30.7% YoY

EPS (Diluted) -$36.01 FY2025 annual

Operating Cash Flow $20.3M -22.6% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WHLRL SEC filings page.

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) reported $95.5M in revenue over the twelve months to Jun 30, 2026, down 7.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WHLRL FY2025 2026-10-17

Operating profit improved despite lower revenue, but interest expense leaves little earnings for equity holders and keeps financing central.

The more important shift is balance-sheet repair: liabilities fell by $172.0M while assets fell by $52.0M. That smaller balance-sheet footprint coincided with equity moving from -$25.4M to $234K, suggesting near-breakeven net income was not the main source of the repair.

Operating margin climbed from 35.9% to 43.5% while revenue declined. That is a margin-shape story: improved cost absorption or mix, rather than growth alone, is doing the work.

Interest expense was $33.8M versus operating income of $43.2M, so the operating result is largely claimed before it reaches equity. Net income was just $14.8K while operating cash flow was $21.1M, showing noncash charges or working-capital movements dominate the reported bottom line; financing cash flow was an outflow of $65.4M, consistent with the balance-sheet contraction.

Financial Health Signals

Financial health score not available

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/6

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

N/A

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 reported $15K of net income while generating $21.1M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage At Risk

1.28x

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 earns $1.28 in operating income for every $1 of interest expense ($43.2M vs $33.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$22.5M

YoY-13.9%

QoQ-6.4%

5Y CAGR+7.7%

10Y CAGR+7.3%

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 generated $22.5M in revenue in Q2 2026. This represents a decrease of 13.9% from the same quarter a year earlier. Against the prior quarter it is down 6.4%.

EBITDA

$15.6M

YoY-24.8%

QoQ+1.2%

5Y CAGR+17.3%

10Y CAGR+11.2%

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's EBITDA was $15.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.8% from the same quarter a year earlier. Against the prior quarter it is up 1.2%.

Net Income

$8.6M

YoY+453.0%

QoQ+460.4%

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 reported $8.6M in net income in Q2 2026. This represents an increase of 453.0% from the same quarter a year earlier. Against the prior quarter it is up 460.4%.

EPS (Diluted)

$0.24

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 earned $0.24 per diluted share (EPS) in Q2 2026.

Cash & Balance Sheet

Cash & Debt

$31.9M

YoY+13.6%

QoQ+35.1%

5Y CAGR+24.1%

10Y CAGR+28.2%

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 held $31.9M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding

5Y CAGR-27.6%

10Y CAGR-29.9%

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 had 2M shares outstanding in Q2 2026.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

46.8%

YoY-10.5pp

QoQ+4.3pp

5Y change+24.9pp

10Y change+46.9pp

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's operating margin was 46.8% in Q2 2026, reflecting core business profitability. This is down 10.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.3 percentage points.

Net Margin

38.4%

YoY+47.8pp

QoQ+48.4pp

5Y change+58.2pp

10Y change+62.8pp

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's net profit margin was 38.4% in Q2 2026, showing the share of revenue converted to profit. This is up 47.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 48.4 percentage points.

Return on Equity

151.6%

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's ROE was 151.6% in Q2 2026, measuring profit generated per dollar of shareholder equity.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

WHLRL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WHLRL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$95.5M	$99.4M-4.9%	$104.6M+2.2%	$102.3M+33.5%	$76.6M+25.0%	$61.3M+0.5%	$61.0M-3.4%	$63.2M-3.2%	$65.3M+11.5%	$58.5M+32.6%	$44.2M+59.9%	$27.6M+85.9%	$14.9M+95.1%	$7.6M+212.7%	$2.4M+26.4%	$1.9M
SG&A Expenses	$12.2M	$11.7M+8.5%	$10.8M-8.1%	$11.8M+36.3%	$8.6M+20.7%	$7.1M+22.4%	$5.8M-12.1%	$6.6M-19.4%	$8.2M+11.7%	$7.4M-25.8%	$9.9M-26.0%	$13.4M+42.0%	$9.4M+105.6%	$4.6M+251.5%	$1.3M+236.3%	$389K
Operating Income	$36.8M	$43.2M+15.2%	$37.5M+27.6%	$29.4M+19.6%	$24.6M+26.1%	$19.5M+5.9%	$18.4M+69.7%	$10.9M+342.1%	$2.5M+57.1%	$1.6M+637.1%	-$291K+97.7%	-$12.5M-101.9%	-$6.2M-252.3%	-$1.8M-630.8%	-$240K-195.3%	$251K
EBITDA	N/A	$66.2M+5.3%	$62.8M+8.5%	$57.9M+31.2%	$44.1M+28.7%	$34.3M-3.9%	$35.7M+11.0%	$32.2M+8.9%	$29.5M+6.3%	$27.8M+36.6%	$20.3M+359.3%	$4.4M+263.3%	$1.2M-2.6%	$1.3M+114.8%	$583K-41.5%	$996K
Interest Expense	$32.2M	$33.8M+3.5%	$32.6M+0.9%	$32.3M+7.3%	$30.1M-8.8%	$33.0M+93.2%	$17.1M-10.0%	$19.0M-6.2%	$20.2M+17.8%	$17.2M+28.5%	$13.4M+47.7%	$9.0M+53.1%	$5.9M+180.4%	$2.1M+118.1%	$966K+19.9%	$806K
Income Tax	$2K	$26K+2500.0%	$1K-97.9%	$48K	$0-100.0%	$2K	$0-100.0%	$15K-62.5%	$40K-70.8%	$137K+28.0%	$107K	$0	$0	N/A	N/A	N/A
Net Income	$8.2M	$15K+1986.8%	$711-88.3%	$6K+100.0%	-$12.5M-31.9%	-$9.4M-3954.3%	$245K+103.0%	-$8.0M+51.3%	-$16.5M-36.4%	-$12.1M-8.0%	-$11.2M+36.1%	-$17.5M-66.1%	-$10.6M-188.2%	-$3.7M-215.1%	-$1.2M-109.5%	-$555K
EPS (Basic)	N/A	-$36.01+100.0%	-$346484.38-2533.3%	-$13157.97-59600.4%	-$22.04-1520.6%	-$1.36-41.7%	-$0.96	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$0.35	N/A
EPS (Diluted)	—	-$36.01+100.0%	-$346484.38	-$13.16	-$22.04	-$1.36-41.7%	-$0.96	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$0.35	N/A
Diluted Shares (Avg)	N/A	106,902+166934.4%	64	2,222	976,070	10M+0.1%	10M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$22.5M-13.9%	$24.0M-1.4%	$25.2M-8.8%	$23.8M-3.9%	$26.1M-0.8%	$24.4M-5.9%	$27.6M+5.3%	$24.8M-1.6%
SG&A Expenses	$3.3M+18.0%	$2.7M+1.1%	$3.8M+11.5%	$2.4M+16.9%	$2.8M+8.3%	$2.7M-1.5%	$3.4M+0.1%	$2.1M-16.9%
Operating Income	$10.5M-29.7%	$10.2M-16.1%	$10.6M+129.3%	$5.5M-60.5%	$15.0M+29.8%	$12.1M+62.4%	$4.6M-35.3%	$13.9M+49.6%
EBITDA	$15.6M-24.8%	$15.4M-16.1%	$16.0M+48.6%	$11.1M-44.8%	$20.7M+15.9%	$18.4M+30.5%	$10.7M-23.4%	$20.1M+24.6%
Interest Expense	$8.0M-8.4%	$7.3M-9.9%	$9.1M+6.4%	$7.9M0.0%	$8.7M-1.0%	$8.1M+9.3%	$8.6M+4.6%	$7.9M+5.1%
Income Tax	$2K	$0-100.0%	$0	$0	$0-100.0%	$26K	$0	$0-100.0%
Net Income	$8.6M+453.0%	-$2.4M-570.9%	-$9.6M-120.3%	$11.5M+134.6%	-$2.4M+51.6%	$509K+105.8%	$47.1M+122.7%	-$33.3M-137.0%
EPS (Basic)	$102.49+100.6%	-$14.55+99.9%	-$21.24+79.0%	$18.37+100.0%	-$17105.08-147933.1%	-$14215.77-478.1%	-$101.08-104.7%	-$129727.27-1177119.8%
EPS (Diluted)	$0.24	-$14.55	-$21.24+79.0%	-$0.83+100.0%	-$17105.08	-$14215.77	-$101.08	-$129727.27
Diluted Shares (Avg)	5M	361,988	N/A	6M+2356881.1%	295	482	N/A	275

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

WHLRL Balance Sheet

WHLRL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$601.7M-7.9%	$653.7M-2.2%	$668.3M-2.4%	$684.5M+47.1%	$465.3M-4.9%	$489.4M+1.0%	$484.4M-4.7%	$508.1M+11.0%	$457.7M-6.4%	$489.0M+58.1%	$309.2M+50.9%	$205.0M+63.5%	$125.4M+137.9%	$52.7M+255.4%	$14.8M
Cash & Equivalents	$23.7M-44.9%	$43.0M+133.4%	$18.4M-35.4%	$28.5M+24.4%	$22.9M+198.9%	$7.7M+40.5%	$5.5M+53.8%	$3.5M-3.6%	$3.7M-24.4%	$4.9M-53.6%	$10.5M+6.5%	$9.8M+822.4%	$1.1M-48.0%	$2.1M+1874.1%	$104K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$15.8M+7.3%	$14.7M+11.9%	$13.1M-3.1%	$13.5M+46.7%	$9.2M+0.9%	$9.2M+32.6%	$6.9M+24.7%	$5.5M-1.4%	$5.6M+41.0%	$4.0M+34.1%	$3.0M+50.2%	$2.0M+24.0%	$1.6M+109.5%	$761K	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$5.5M+0.1%	$5.5M0.0%	$5.5M-21.7%	$7.0M	$0	N/A	N/A
Total Liabilities	$507.0M-25.3%	$679.1M-1.5%	$689.6M-1.4%	$699.7M+51.0%	$463.4M+22.9%	$377.0M+1.6%	$371.1M-4.1%	$386.9M+15.9%	$333.8M+0.8%	$331.3M+64.1%	$201.9M+32.9%	$151.8M+52.2%	$99.8M+173.7%	$36.5M+157.5%	$14.2M
Long-Term Debt	N/A	N/A	$477.6M+2.5%	$466.0M+38.5%	$336.4M-3.1%	$347.1M+1.2%	$342.9M-5.9%	$364.5M+18.3%	$308.1M	N/A	N/A	N/A	N/A	$31.8M	N/A
Total Equity	$234K+100.9%	-$25.4M-19.1%	-$21.3M-40.4%	-$15.2M-914.7%	$1.9M-87.5%	$14.9M-37.7%	$23.9M-43.1%	$42.1M-33.8%	$63.5M-33.0%	$94.8M-3.5%	$98.3M+130.8%	$42.6M+131.4%	$18.4M+111.8%	$8.7M+1197.9%	$669K
Retained Earnings	-$350.9M-1.1%	-$347.0M-6.8%	-$324.9M-9.9%	-$295.6M-7.8%	-$274.1M-5.1%	-$260.9M-3.7%	-$251.6M-7.9%	-$233.2M-13.8%	-$204.9M-20.3%	-$170.4M-21.4%	-$140.3M-407.3%	-$27.7M-144.8%	-$11.3M-107.6%	-$5.4M-110.0%	-$2.6M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$593.4M-5.2%	$594.0M-4.9%	$601.7M-7.9%	$625.2M-7.1%	$625.9M-6.6%	$624.8M-6.4%	$653.7M-2.2%	$673.2M+0.2%
Cash & Equivalents	$31.9M+13.6%	$23.6M+22.7%	$23.7M-44.9%	$27.1M-26.9%	$28.1M+43.1%	$19.2M+8.5%	$43.0M+133.4%	$37.1M+45.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$14.3M-9.4%	$16.1M+8.4%	$15.8M+7.3%	$14.6M+17.2%	$15.7M+8.7%	$14.9M+26.7%	$14.7M+11.9%	$12.5M+6.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$490.5M-8.2%	$502.6M-4.6%	$507.0M-25.3%	$532.8M-28.1%	$534.3M-24.4%	$526.6M-24.4%	$679.1M-1.5%	$741.1M+1.7%
Total Equity	$5.7M+130.8%	-$4.3M+80.5%	$234K+100.9%	-$3.9M+94.2%	-$18.5M+49.2%	-$22.0M+24.3%	-$25.4M-19.1%	-$67.9M-20.3%
Retained Earnings	-$349.0M+2.8%	-$356.1M-0.6%	-$350.9M-1.1%	-$350.0M+7.7%	-$358.9M-4.5%	-$353.9M-5.4%	-$347.0M-6.8%	-$379.1M-12.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

WHLRL Cash Flow Statement

WHLRL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$20.3M	$21.1M-18.7%	$26.0M+24.1%	$20.9M-31.9%	$30.8M+80.5%	$17.0M+8.0%	$15.8M+3.5%	$15.3M-30.7%	$22.0M-7.6%	$23.8M+114.6%	$11.1M+308.4%	-$5.3M-115.1%	-$2.5M-1.0%	-$2.5M-745.7%	-$290K-182.9%	$350K
Depreciation & Amortization	N/A	$22.9M-9.4%	$25.3M-11.2%	$28.5M+45.9%	$19.5M+32.1%	$14.8M-14.4%	$17.3M-18.9%	$21.3M-21.3%	$27.1M+3.3%	$26.2M+27.1%	$20.6M+22.2%	$16.9M+128.5%	$7.4M+146.1%	$3.0M+265.2%	$822K+10.4%	$745K
Stock-Based Compensation	N/A	N/A	N/A	N/A	$0-100.0%	$14K	$0-100.0%	$2K-99.8%	$940K+8.0%	$870K-40.2%	$1.5M+165.8%	$547K+19.7%	$457K	$0	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	$8.5M+32.7%	$6.4M+182.3%	$2.3M-16.2%	$2.7M-51.4%	$5.6M-23.7%	$7.3M+287.7%	$1.9M+255.0%	$531K+1.8%	$521K-26.3%	$707K+1393.7%	$47K+42.0%	$33K
Free Cash Flow	N/A	N/A	N/A	N/A	$22.2M+109.3%	$10.6M-21.3%	$13.5M+7.7%	$12.5M-23.7%	$16.4M-0.5%	$16.5M+79.2%	$9.2M+257.3%	-$5.9M-95.4%	-$3.0M+5.1%	-$3.2M-836.7%	-$337K-206.6%	$316K
Investing Cash Flow	$19.2M	$32.1M+107.6%	$15.5M+149.1%	-$31.5M+76.4%	-$133.5M-2717.4%	$5.1M+128.0%	$2.2M+157.7%	$868K+103.9%	-$22.4M-629.1%	-$3.1M+94.8%	-$59.1M-7.8%	-$54.9M-180.0%	-$19.6M+13.2%	-$22.6M-156.6%	-$8.8M-26296.1%	-$33K
Financing Cash Flow	-$37.7M	-$65.4M-217.9%	-$20.6M-275.8%	-$5.5M-104.6%	$118.2M+582.6%	-$24.5M-875.0%	$3.2M+125.2%	-$12.5M-303.4%	$6.2M+126.8%	-$23.0M-151.6%	$44.5M-26.9%	$60.8M+97.2%	$30.8M+27.8%	$24.1M+118.6%	$11.0M+2779.9%	-$412K
Dividends Paid	$8.5M	$6.6M-37.2%	$10.4M-2.9%	$10.8M+300.0%	$2.7M	$0-100.0%	$10.3M	$0-100.0%	$14.6M-29.7%	$20.7M+17.2%	$17.7M+24.7%	$14.2M+161.2%	$5.4M+88.2%	$2.9M+2189.4%	$126K-55.2%	$281K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$8.0M-10.0%	$4.5M+0.6%	$2.4M-56.1%	$5.4M-27.2%	$8.9M+12.8%	$4.4M-15.2%	$5.4M-8.5%	$7.5M+112.1%
Depreciation & Amortization	$5.1M-11.9%	$5.2M-16.0%	$5.3M-12.8%	$5.6M-10.1%	$5.8M-9.3%	$6.2M-5.6%	$6.1M-11.0%	$6.2M-9.2%
Investing Cash Flow	$8.4M-7.4%	$3.9M-75.8%	$11.2M-19.2%	-$4.4M-153.6%	$9.1M+450.4%	$16.2M+492.5%	$13.9M+216.9%	$8.3M+186.6%
Financing Cash Flow	-$4.7M+32.6%	-$9.0M+73.8%	-$21.9M-60.6%	-$2.2M+13.9%	-$6.9M-242.5%	-$34.4M-1336.0%	-$13.6M-346.7%	-$2.5M-166.8%
Dividends Paid	$2.8M-8.2%	$1.3M-39.2%	$1.3M-44.8%	$3.0M-35.8%	$3.1M-34.6%	$2.1M-21.7%	$2.4M-11.6%	$4.7M-7.0%

Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.

WHLRL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WHLRL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	43.5%+7.6pp	35.9%+7.2pp	28.7%-3.4pp	32.1%+0.3pp	31.8%+1.6pp	30.2%+13.0pp	17.2%+13.4pp	3.8%+1.1pp	2.7%+3.3pp	-0.7%+44.4pp	-45.1%-3.6pp	-41.5%-18.5pp	-23.0%-13.2pp	-9.8%-22.9pp	13.1%
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%+16.3pp	-16.3%-0.9pp	-15.4%-15.8pp	0.4%+13.1pp	-12.7%+12.6pp	-25.3%-4.6pp	-20.7%+4.7pp	-25.4%+38.1pp	-63.4%+7.6pp	-71.0%-23.0pp	-48.1%-0.4pp	-47.7%-18.9pp	-28.8%
Return on Equity	6.3%	N/A	N/A	N/A	-507.4%-509.1pp	1.6%+35.2pp	-33.6%+5.6pp	-39.2%-20.2pp	-19.0%-7.2pp	-11.8%+6.0pp	-17.8%+7.0pp	-24.8%-4.9pp	-19.9%-6.5pp	-13.4%+69.5pp	-82.9%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%+1.8pp	-1.8%+0.2pp	-2.0%-2.1pp	0.1%+1.7pp	-1.7%+1.6pp	-3.3%-0.6pp	-2.6%-0.3pp	-2.3%+3.4pp	-5.7%-0.5pp	-5.1%-2.2pp	-2.9%-0.7pp	-2.2%+1.5pp	-3.7%
Debt-to-Equity	2166.85	N/A	N/A	N/A	180.78+157.5x	23.27+8.9x	14.33+5.7x	8.67+3.8x	4.85+1.4x	3.49+1.4x	2.05-1.5x	3.57-1.9x	5.42+1.8x	3.67-17.5x	21.15
Asset Turnover	0.170.0x	0.160.0x	0.150.0x	0.110.0x	0.130.0x	0.120.0x	0.130.0x	0.130.0x	0.130.0x	0.090.0x	0.090.0x	0.070.0x	0.060.0x	0.05-0.1x	0.13
FCF Margin	N/A	N/A	N/A	29.0%+11.7pp	17.3%-4.8pp	22.1%+2.3pp	19.9%-5.3pp	25.2%-3.0pp	28.2%+7.3pp	20.9%+42.1pp	-21.2%-1.0pp	-20.2%+21.3pp	-41.5%-27.6pp	-13.9%-30.3pp	16.4%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	46.8%-10.5pp	42.4%-7.4pp	42.3%+25.4pp	23.1%-33.0pp	57.3%+13.5pp	49.9%+21.0pp	16.8%-10.5pp	56.0%+19.2pp
Net Margin	38.4%+47.8pp	-10.0%-12.1pp	-38.0%	48.4%	-9.4%+9.8pp	2.1%+35.7pp	170.6%	-134.4%
Return on Equity	151.6%	N/A	-4091.5%	N/A	N/A	N/A	N/A	N/A
Return on Assets	1.5%+1.8pp	-0.4%-0.5pp	-1.6%-8.8pp	1.8%+6.8pp	-0.4%+0.4pp	0.1%+1.4pp	7.2%+4.0pp	-5.0%-2.9pp
Debt-to-Equity	86.10	N/A	2166.85	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x

Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Where Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 Ranks

Frequently Asked Questions

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's annual revenue?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) reported $99.4M in total revenue for fiscal year 2025. This represents a -4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's revenue growing?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) revenue declined by 4.9% year-over-year, from $104.6M to $99.4M in fiscal year 2025.

Is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 profitable?

Yes, Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) reported a net income of $15K in fiscal year 2025, with a net profit margin of 0.0%.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's earnings per share (EPS)?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) reported diluted earnings per share of -$36.01 for fiscal year 2025. This represents a 100.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's EBITDA?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had EBITDA of $66.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's operating margin?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had an operating margin of 43.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's net profit margin?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's return on equity (ROE)?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) has a return on equity of 6.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's operating cash flow?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) generated $21.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's total assets?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had $601.7M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 have outstanding?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had 1M shares outstanding as of fiscal year 2025.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's debt-to-equity ratio?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had a debt-to-equity ratio of 2166.85 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's return on assets (ROA)?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's Piotroski F-Score?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's earnings high quality?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) reported $15K of net income while generating $21.1M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 cover its interest payments?

Wheeler Real Estate Investment Trust, Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) has an interest coverage ratio of 1.28x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.