Wheeler Real Estate Investment Trust, Inc. WHLR
Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc. (Nasdaq: WHLR) is a fully-integrated, self-managed commercial real estate investment company focused on owning, leasing and operating income-producing retail properties with a primary focus on grocery-anchored centers. WHLR's portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-08) — 8-K, EX-99.1.
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.
Dividends
| 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): 106.23%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
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 |
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.