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WHLR

WHLR

Wheeler Real Estate Investment Trust, Inc.
$0.56
+56.19% Oct 21 close
Real Estate Compare
-100%-71%-41%-12%+17%Oct 2025Oct 2026Apr 2026
WHLRSPY
1W
+40.6%
1M
-72.8%
3M
-99.0%
6M
-100.0%
YTD
-100.0%
1Y
-100.0%

Live chart

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What they do

Wheeler Real Estate Investment Trust, Inc. is a Maryland corporation formed on June 23, 2011. The Trust serves as the general partner of Wheeler REIT, L.P., which was formed as a Virginia limited partnership on April 5, 2012. At June 30, 2026, the Company owned 100% of the Operating Partnership.

Real Estate · REIT - Retail

For information only · Important disclosures

Grades vs sector

No sector grades for WHLR yet. Grades rank S&P 1500 stocks within their sector and refresh after each daily data run, so a stock outside that index or newly covered has none.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Wheeler Real Estate: Q2 Earnings Snapshot
Associated Press · Aug 06
Wheeler Real Estate Investment Trust, Inc. Announces the Release of Its Second Quarter 2026 Financial and Operating Results
ACCESS Newswire · Aug 06
Cedar Realty Trust Declares Dividends on Preferred Stock
ACCESS Newswire · Jul 30

Key stats

Market value$845.7K
P/E (next 12 months, estimated)-0.3
52-week range$0.34 – $49,377.60
Revenue growth (latest quarter vs a year ago)-13.9%
Dividend yieldNo dividend
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks expensive
Model read-out from the numbers below, not advice. Score -4 (DCF counts double).
▼DCF (base case)below the price by 35648%
•Piotroski F-score5/9
▼Altman Z-0.5 (distress)
▼Net debt / EBITDA7.7x

Discounted cash flow

Bear
$-240
-42782%
growth -7% · disc. 8.3% · term. 2.0%
Base
$-200
-35648%
growth -2% · disc. 7.3% · term. 2.5%
Bull
$-132
-23570%
growth 1% · disc. 6.3% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 13% a year for 10 years.
Implied
+13%/yr
FCF, last 3 yrs
-2%/yr
FCF, last 5 yrs
+9%/yr
Revenue, last 3 yrs
+9%/yr
Revenue, last 5 yrs
+10%/yr
Same inputs as the DCF above: trailing free cash flow 0.0B, 7.3% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.60 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs sector

Forward EPS $-2.11 vs trailing $-31,172.76. Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
–
Operating margin
38.6%
FCF margin
9.6%
Net margin
17.8%
Return on equity
297.5%
Return on invested capital
8.1%
Net debt / EBITDA
7.7×
Current ratio
–
Interest cover
1.1×
Cash conversion (OCF/NI)
1.2×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score -0.5 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$99.4M$8.8M$21.1M
2024$104.6M$-9.6M$26.0M
2023$102.3M$-4.7M$20.9M
2022$76.6M$-12.5M$22.2M
2021$61.3M$-9.4M$10.6M
2020$61.0M$245.0K$13.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +9.1%.

Earnings

Next report: 2026-11-12 · during market
16-0816-1117-0217-0517-0817-1118-0318-05-47021943573.670.00
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2018-05-08-33,964,728,935.34-37,230,568,256.04-9.6%
2018-03-06-35,271,064,663.62-36,466,361,855.00-3.4%
2017-11-08-27,433,050,293.93-33,964,728,935.34-23.8%
2017-08-08-28,739,386,022.21-31,933,376,877.86-11.1%
2017-05-01-15,673,981,191.22-39,178,314,826.91-150.0%
2017-02-27-31,347,962,382.45-47,021,943,573.67-50.0%
2016-11-08-20,898,641,588.30-20,898,641,588.30–
2016-08-03-26,123,301,985.37-26,123,301,985.37–

Quarterly revenue

QuarterRevenueYoY
2026-06-30$22.5M-13.9%
2026-03-31$24.0M–
2025-12-31$25.2M–
2025-09-30$23.8M–
2025-06-30$26.1M–

Recent dividends

2017-12-27: $133,249,532,000.000 · 2017-09-28: $133,249,532,000.000 · 2017-06-28: $133,249,532,000.000 · 2017-03-29: $56,435,098,000.000 · 2017-02-24: $56,435,098,000.000 · 2017-01-27: $56,435,098,000.000 · 2016-12-28: $56,435,098,000.000 · 2016-11-28: $56,435,098,000.000

Stats refreshed 2026-10-21 13:40:42 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026