Wheeler Real Estate Investment Trust, Inc. WHLR
Wheeler Real Estate Investment Trust, Inc. (Nasdaq: WHLR), headquartered in Virginia Beach, Virginia, operates as a self-managed and fully integrated commercial real estate investment trust. Its core business centers on the acquisition, leasing, and operation of income-generating retail properties, with a notable focus on grocery-anchored centers. The company cultivates a portfolio of strategically located, potentially dominant retail assets within secondary and tertiary markets, striving to achieve appealing, risk-adjusted returns. Wheeler REIT's common stock, Series B convertible preferred stock, Series D preferred stock, and convertible notes are all publicly traded on the Nasdaq exchange, identified by the symbols WHLR, WHLRP, WHLRD, and WHLRL, respectively.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-03-05 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-08) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $99.44M | $8.77M | $22.94M | $68.87M | $21.13M |
| 2024 | $104.57M | $-9.58M | $25.32M | $55.65M | $25.99M |
| 2023 | $102.33M | $-4.69M | $28.50M | $62.33M | $20.93M |
| 2022 | $76.64M | $-12.45M | $19.54M | $32.47M | $30.76M |
| 2021 | $61.31M | $-9.44M | $14.81M | $38.49M | $17.04M |
| 2020 | $60.83M | $245.00K | $16.83M | $35.83M | $15.78M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2018-03-28 | — | 2018-04-15 | 2017-04-10 | $0.00 | Quarterly |
| 2017-12-27 | 2017-12-28 | 2018-01-15 | 2017-12-14 | $0.34 | Quarterly |
| 2017-09-28 | 2017-09-29 | 2017-10-15 | 2017-09-18 | $0.34 | Quarterly |
| 2017-06-28 | 2017-06-30 | 2017-07-15 | 2017-02-27 | $0.34 | Quarterly |
| 2017-03-29 | 2017-03-31 | 2017-04-28 | 2017-03-17 | $0.02 | Monthly |
| 2017-02-24 | 2017-02-28 | 2017-03-31 | 2017-02-16 | $0.02 | Monthly |
| 2017-01-27 | 2017-01-31 | 2017-02-28 | 2017-01-18 | $0.02 | Monthly |
| 2016-12-28 | 2016-12-30 | 2017-01-31 | 2016-12-20 | $0.02 | Monthly |
| 2016-11-28 | 2016-11-30 | 2016-12-30 | 2016-11-22 | $0.02 | Monthly |
| 2016-10-27 | 2016-10-31 | 2016-11-30 | 2016-10-18 | $0.02 | Monthly |
| 2016-09-28 | 2016-09-30 | 2016-10-31 | 2016-09-19 | $0.02 | Monthly |
| 2016-08-29 | 2016-08-31 | 2016-09-30 | 2016-08-18 | $0.02 | Monthly |
| 2016-07-27 | 2016-07-31 | 2016-08-31 | 2016-07-20 | $0.02 | Monthly |
| 2016-06-28 | 2016-06-30 | 2016-07-31 | 2016-06-17 | $0.02 | Monthly |
| 2016-05-26 | 2016-05-31 | 2016-06-30 | 2016-05-17 | $0.02 | Monthly |
| 2016-04-27 | 2016-04-30 | 2016-05-31 | 2016-04-18 | $0.02 | Monthly |
| 2016-03-29 | 2016-03-31 | 2016-04-30 | 2016-03-16 | $0.02 | Monthly |
| 2016-02-25 | 2016-02-29 | 2016-03-31 | 2016-02-17 | $0.02 | Monthly |
| 2016-01-27 | 2016-01-31 | 2016-02-29 | 2016-01-19 | $0.02 | Monthly |
| 2015-12-29 | 2015-12-31 | 2016-01-31 | 2015-12-15 | $0.02 | Monthly |
| 2015-11-25 | 2015-11-30 | 2015-12-31 | 2015-11-17 | $0.02 | Monthly |
| 2015-10-28 | 2015-10-31 | 2015-11-30 | 2015-10-16 | $0.02 | Monthly |
| 2015-09-28 | 2015-09-30 | 2015-10-31 | 2015-09-17 | $0.02 | Monthly |
| 2015-08-27 | 2015-08-31 | 2015-09-30 | 2015-08-17 | $0.02 | Monthly |
Coverage (payout of operating cash flow): —. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — WHLR
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Retail REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.