Wheeler Real Estate Investment Trust, Inc. (WHLR)

WHLR Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property Revenue	97.39	97.69	102.41	100.33	75.2	60.37
Service and Other Revenue	1.71	1.75	2.17	1.99	1.45	0.94
Revenue	99.1	99.45	104.57	102.33	76.65	61.31
Revenue Growth (YoY)	-3.84%	-4.91%	2.20%	33.51%	25.01%	0.50%
Property Expenses	32.52	33.04	35.29	34.87	25.73	19.62
Total Property Expenses	32.52	33.04	35.29	34.87	25.73	19.62
Gross Profit	66.58	66.4	69.29	67.46	50.91	41.69
Selling, General & Admin	11.71	11.71	10.8	11.75	8.62	7.14
Depreciation & Amortization Expenses	21.95	22.94	25.32	28.5	19.54	14.8
Other Operating Expenses	2.88	2.88	1.2	-	0.76	2.3
Operating Income	30.04	28.87	31.98	27.2	21.99	17.46
Net Gains on Disposal of Properties	11.23	14.35	5.55	2.2	2.6	2.06
Interest Income	0.88	0.96	1.3	1.17	0.07	0.03
Interest Expense	-32.96	-33.76	-32.6	-32.31	-30.11	-33.03
Other Non-Operating Income (Expense)	2.11	4.44	-5.52	7.87	-3.03	4.14
Total Non-Operating Income (Expense)	-22.23	-14.01	-31.27	-21.07	-30.46	-26.8
Pretax Income	7.82	14.86	0.71	6.13	-8.47	-9.35
Provision for Income Taxes	-	0.03	0	0.05	-	0
Net Income	-5.74	-3.85	-22.18	-29.24	-21.51	-13.24
Minority Interest in Earnings	16.5	23.01	14.12	10.77	3.98	0.09
Net Income Attributable to Preferred Dividends	-2.94	-4.33	8.76	24.55	9.06	3.8
Net Income to Common	-5.74	-3.85	-22.18	-29.24	-21.51	-13.24
Shares Outstanding (Basic)	0	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0	0
Shares Change (YoY)	50951.83%	166934.64%	2924.30%	555.63%	0.50%	0.14%
EPS (Basic)	-542.40	-108.03	-1039450.00	-41447600.00	-199947000.00	-123379000.00
EPS (Diluted)	-888.00	-108.03	-1039450.00	-41447600.00	-199947000.00	-123379000.00
Shares Outstanding	0.54	0.21	0	0	-	-
Free Cash Flow	4.25	4.03	3.46	-3.35	-113.26	10.63
Free Cash Flow Growth	5.61%	16.29%	-	-	-	-21.32%
Free Cash Flow Per Share	29.12	112.98	162281.00	-4743430.00	-1052710000.00	99286300.00
Gross Margin	67.19%	66.77%	66.26%	65.92%	66.43%	68.00%
Operating Margin	30.32%	29.03%	30.58%	26.58%	28.70%	28.47%
Profit Margin	7.89%	14.92%	0.68%	5.94%	-11.05%	-15.25%
FCF Margin	4.29%	4.05%	3.31%	-3.27%	-147.78%	17.34%
EBITDA	51.99	51.81	57.3	55.71	41.53	32.25
EBITDA Margin	52.46%	52.10%	54.79%	54.44%	54.19%	52.60%
EBIT	30.04	28.87	31.98	27.2	21.99	17.46
EBIT Margin	30.32%	29.03%	30.58%	26.58%	28.70%	28.47%
Effective Tax Rate	-	0.17%	0.14%	0.78%	0.00%	-0.02%

Updated May 8, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q