Wheeler Real Estate Investment Trust, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $99.4M | $104.6M | $102.3M | $76.6M | $61.3M |
| Operating income | $43.2M | $37.5M | $29.4M | $24.6M | $19.5M |
| Interest expense | $3.9M | $4.1M | $32.3M | $30.1M | $33.0M |
| Pretax income | $14.9M | $712,000 | $6.1M | -$8.5M | -$9.3M |
| Income tax expense | $26,000 | $1,000 | $48,000 | $0 | $2,000 |
| Net income | $8.8M | -$9.6M | -$4.7M | -$12.5M | -$9.4M |
| Balance Sheet | |||||
| Cash and equivalents | $23.7M | $43.0M | $18.4M | $28.5M | $22.9M |
| Total assets | $601.7M | $653.7M | $668.3M | $684.5M | $465.3M |
| Total liabilities | $507.0M | $537.0M | $526.8M | $532.0M | $368.9M |
| Total debt | $482.8M | $499.5M | $495.6M | $482.4M | — |
| Stockholders' equity | $234,000 | -$25.4M | -$21.3M | -$15.2M | $1.9M |
| Cash Flow Statement | |||||
| Cash from operations | $21.1M | $26.0M | $20.9M | $30.8M | $17.0M |
| Depreciation and amortization | $22.9M | $25.3M | $28.5M | $19.5M | $11.1M |
| Stock-based compensation | — | — | — | $0 | $14,000 |
| Capital expenditure | $1.5M | $1.7M | $1.0M | $8.5M | $6.4M |
| Free cash flow | $19.6M | $24.2M | $19.9M | $22.2M | $10.6M |
| Dividends paid | $6.6M | $10.4M | $10.8M | $2.7M | $0 |
| Share repurchases | $42.8M | $11.5M | — | — | — |
| Impairments | — | — | $0 | $760,000 | $2.3M |
Shares outstanding 1.0M
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.