WHLR · XBRL financial data
Wheeler Real Estate Investment Trust financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (WHLR's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 61,003 | 61,310 | 76,645 | 102,325 | 104,574 | 99,445 |
| Revenue from contracts with customers | 964 | 942 | 1,450 | 1,993 | 2,166 | 1,751 |
| General and administrative | 5,831 | 7,140 | 8,620 | 11,750 | 10,982 | 11,709 |
| Operating income (loss) | 18,418 | 19,510 | 24,598 | 29,407 | 37,531 | 43,222 |
| Interest expense | 17,092 | 33,028 | 30,107 | 32,314 | — | — |
| Income tax expense (benefit) | 0 | 2 | 0 | 48 | 1 | 26 |
| Net income (loss) | 245 | (9,443) | (12,454) | (4,687) | (9,576) | 8,770 |
| Earnings per share, basic‡ USD per share | (72,422,448,452.30) | (102,598,468,640.76) | (165,968,111,036.52) | (34,476,103,065.31) | (3,291,081,420.58) | (436.48) |
| Earnings per share, diluted‡ USD per share | (72,422,448,452.30) | (102,598,468,640.76) | (165,968,111,036.52) | (34,476,103,065.31) | (3,291,081,420.58) | (436.48) |
| Weighted average shares, basic‡ thousands of shares | 0 | 0 | 0 | 0 | 0 | 9 |
| Weighted average shares, diluted‡ thousands of shares | 0 | 0 | 0 | 0 | 0 | 9 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (August 2023); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-23.980815347721823 stock split (May 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-25 stock split (May 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (June 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.0303030303030303 stock split (September 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-2 stock split (November 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-23.980815347721823 stock split (January 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (January 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (March 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-7.142857142857142 stock split (May 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (September 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-2 stock split (November 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.0303030303030303 stock split (April 2026); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (June 2026); filings made before it reported them unadjusted.
Balance sheet
CSVFiscal years (WHLR's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7,660 | 22,898 | 28,491 | 18,404 | 42,964 | 23,656 |
| Accounts receivable | 9,153 | 9,233 | 13,544 | — | — | — |
| Right-of-use asset | 12,745 | 12,455 | 15,133 | 9,450 | 9,235 | 7,546 |
| Total assets | 489,379 | 465,281 | 684,536 | 668,332 | 653,702 | 601,734 |
| Lease liability, non-current | 13,200 | 13,040 | 16,478 | — | — | — |
| Total liabilities | 376,967 | 368,931 | 531,984 | 526,804 | 537,048 | 507,043 |
| Accumulated deficit | (260,867) | (274,107) | (295,617) | (324,854) | (347,029) | (350,879) |
| Total stockholders' equity | 14,918 | 1,861 | (15,162) | (21,293) | (25,369) | 234 |
| Total liabilities and equity | 489,379 | 465,281 | 684,536 | 668,332 | 653,702 | 601,734 |
| Common shares outstanding (cover page)‡ thousands of shares | 0 | 0 | 0 | 0 | 0 | 106 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-10 stock split (August 2023); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-23.980815347721823 stock split (May 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-25 stock split (May 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (June 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.0303030303030303 stock split (September 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-2 stock split (November 2024); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-23.980815347721823 stock split (January 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (January 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (March 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-7.142857142857142 stock split (May 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-5 stock split (September 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-2 stock split (November 2025); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-3.0303030303030303 stock split (April 2026); filings made before it reported them unadjusted.
- ‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (June 2026); filings made before it reported them unadjusted.
Cash flows
CSVFiscal years (WHLR's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 245 | (9,443) | (12,454) | (4,687) | (9,576) | 8,770 |
| Stock-based compensation | 0 | 14 | 0 | — | — | — |
| Depreciation and amortization | — | — | 19,540 | 28,502 | 25,316 | 22,944 |
| Net cash from operating activities | 15,780 | 17,041 | 30,758 | 20,934 | 25,988 | 21,132 |
| Purchases of property and equipment | 2,271 | 6,412 | 8,511 | — | — | — |
| Net cash from investing activities | 2,237 | 5,101 | (133,512) | (31,521) | 15,480 | 32,137 |
| Dividends paid | — | 0 | 2,688 | 10,752 | 10,441 | 6,556 |
| Net cash from financing activities | 3,160 | (24,491) | 118,200 | (5,471) | (20,559) | (65,356) |
| Net change in cash | 21,177 | (2,349) | 15,446 | (16,058) | 20,909 | (12,087) |
Compare with peers
SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Wheeler Real Estate Investment Trust | 31,873 | 22,476 | 7,998* | 1.9M | — | 10-QJun 30, 2026 |
| Innsuites Hospitality Trust | 247 | 1,837 | (106)* | 11.2M | 3.4 quarters | 10-QJul 31, 2026 |
| Selectis Health | 7,734 | 4,727 | (2,036)* | 3.1M | 3.8 quarters | 10-QJun 30, 2026 |
| Power REIT | 3,147 | 1,290 | 1,058* | 367,120 | — | 10-QJun 30, 2026 |
| Mills Music Trust | 0 | not reported | not reported | 277,712 | — | 10-QJun 30, 2026 |
| Bimini Capital Management | 6,459 | 7,228 | 2,593* | not reported | — | 10-QJun 30, 2026 |
| Presidio Property Trust | 5,903 | 3,815 | 982* | 1.4M | — | 10-QJun 30, 2026 |
| Creative Media & Community Trust | 12,768 | 29,683 | 3,448* | 2.9M | — | 10-QJun 30, 2026 |
| LandBridge | 39,797 | 66,840 | 41,371* | not reported | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.