Wheeler Real Estate Investment Trust, Inc.
WHLRNasdaqReal Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.8M | $2.2M | $2.0M | $1.4M | $942,000 | $964,000 |
| Operating income | $43.2M | $37.5M | $29.4M | $24.6M | $19.5M | $18.4M |
| Net income | $8.8M | −$9.6M | −$4.7M | −$12.5M | −$9.4M | $245,000 |
| Total assets | $601.7M | $653.7M | $668.3M | $684.5M | $465.3M | $489.4M |
| Total liabilities | $507.0M | $537.0M | $526.8M | $532.0M | $368.9M | $377.0M |
| Equity | $234,000 | −$25.4M | −$21.3M | −$15.2M | $1.9M | $14.9M |
| EPS (diluted) | $-36.01 | $-346484.38 | $-13157.97 | $-22.04 | $-1.36 | $-0.96 |
| Shares out. | 1.2M | 68.0M | 9.8M | 9.7M | 9.7M | 9.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 2468.4%
- Net margin
- 500.9%
- Return on equity
- 3747.9%
- Return on assets
- 1.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 84.3%
- Debt / equity
- 2166.85×
- Book value / share
- $0.20
- Revenue growth (YoY)
- −19.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −2.1%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 warning● 4 good- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Magnetar Financial LlcPassive (13G)May 15, 2026
- Amster HowardActivist (13D)Feb 2, 2026
- Stilwell JosephActivist (13D)Nov 24, 2025
- Diveroli Investment Group LlcActivist (13D)Oct 2, 2025
- Ursa Fund Management, LlcPassive (13G)Mar 12, 2025
- Ay2 Capital LlcPassive (13G)Feb 14, 2025
- Magnolia Capital Fund, LpPassive (13G)Jan 8, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 108,118 | 1.0 | -23.8% |
| Apr 30, 2026 | 141,873 | 1.0 | +82.3% |
| Apr 15, 2026 | 77,827 | 1.0 | +2.0% |
| Mar 31, 2026 | 76,316 | 1.0 | +76.9% |
| Mar 13, 2026 | 43,142 | 1.0 | -70.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Unregistered equity saleJun 1, 2026
- Unregistered equity saleMay 27, 2026
- Other material eventMay 20, 2026
- Results of operations · Regulation FD disclosureMay 8, 2026
- Unregistered equity saleMay 6, 2026
- Other material eventMay 6, 2026
- Modified shareholder rights · Amended charter or bylawsApr 13, 2026
- Other material eventApr 7, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.