Wheeler Real Estate Investment Trust, Inc. (WHLR) Key Metrics
WHLR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $570,373
- Enterprise value
- $549.1M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.0
- Price / book
- 20.0
- EV / EBITDA
- 7.4
- Dividend yield
- —
- Beta
- 0.60
WHLR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWHLR returns How much profit the business earns on the capital it uses.
WHLR financial health Debt, liquidity and how easily interest is covered.
WHLR efficiency & capital use Working capital cycle and where the cash goes.
WHLR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WHLR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WHLR cash returned to shareholders
WHLR price vs earnings per share
WHLR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | — | — | — | — | — | — | $63174911379.28T | — | $56528110995.95T | $440004076602.40T |
| Enterprise value | — | — | — | — | — | — | $63174911379.28T | — | $56528110995.95T | $440004076602.40T |
| Earnings yield | — | — | — | — | — | — | −0.0% | — | −0.0% | −0.0% |
| Free cash flow yield | — | — | — | — | — | — | 0.0% | — | 0.0% | 0.0% |
| Dividend yield | — | — | — | — | — | — | 0.0% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | — | — | — | — | — | 0.0% | — | 0.0% | 0.0% |
| Share price at fiscal year-end | $11,016.00 | $999,734.40 | $1,306,368.00 | $65,318,399,993,468,176.00 | $65,318,399,993,468,176.00 | $65,318,399,993,468,176.00 | $65,318,399,993,468,176.00 | $65,318,399,993,468,176.00 | $65,318,399,993,468,176.00 | $522,547,199,947,745,408.00 |
| Per share | ||||||||||
| Revenue per share | — | — | — | — | — | — | $65.18 | — | $67.64 | $52.44 |
| Earnings per share | — | — | — | — | — | — | −$8.31 | — | −$15.71 | −$14.12 |
| Operating cash flow per share | — | — | — | — | — | — | $15.77 | — | $27.55 | $13.18 |
| Free cash flow per share | — | — | — | — | — | — | $12.97 | — | $19.04 | $10.86 |
| Cash per share | — | — | — | — | — | — | $5.64 | — | $4.25 | $5.78 |
| Book value per share | — | — | — | — | — | — | $26.89 | — | $81.57 | $124.93 |
| Tangible book value per share | — | — | — | — | — | — | $21.47 | — | $65.09 | $103.02 |
| Dividends per share | — | — | — | — | — | — | $0.00 | — | $23.97 | $21.01 |
| Capex per share | — | — | — | — | — | — | $2.80 | — | $8.51 | $2.33 |
| Debt per share | — | — | — | — | — | — | $417.26 | — | $356.04 | $726.74 |
| Shares outstanding | — | — | — | — | — | — | 967K | — | 865K | 842K |
| Change in shares outstanding | — | — | — | — | — | — | — | — | +2.8% | +73.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.3% | −14.2% | −5.8% | −13.8% | −9.2% | 0.4% | −11.1% | −17.4% | −15.5% | −11.2% |
| Return on invested capital (ROIC) | 6.1% | 7.0% | 5.2% | 3.9% | 3.5% | 2.1% | 1.9% | 2.6% | 0.4% | 0.7% |
| Return on assets (ROA) | 1.4% | −1.4% | −0.7% | −2.2% | −2.0% | 0.1% | −1.6% | −3.4% | −2.9% | −3.0% |
| Return on tangible assets | 1.5% | −1.5% | −0.7% | −1.9% | −2.1% | 0.1% | −1.7% | −3.5% | −3.1% | −2.5% |
| Free cash flow margin | 4.0% | 3.3% | 0.9% | 29.0% | 17.3% | 22.2% | 19.9% | 25.0% | 28.1% | 20.7% |
| Income quality (OCF / net income) | 2.41 | — | — | — | — | 64.41 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $483.7M | $492.7M | $505.7M | $506.5M | $349.7M | $347.5M | $403.6M | $370.2M | $308.1M | $611.9M |
| Cash & short-term investments | $23.7M | $43.0M | $18.4M | $28.5M | $22.9M | $7.7M | $5.5M | $18.0M | $3.7M | $4.9M |
| Net debt | $460.1M | $449.8M | $487.3M | $478.0M | $326.8M | $339.8M | $398.1M | $352.2M | $304.4M | $607.1M |
| Debt / equity | 7.63 | 8.32 | 6.71 | 5.86 | 3.70 | 3.15 | 15.52 | 3.11 | 4.36 | 5.82 |
| Debt / assets | 0.80 | 0.75 | 0.76 | 0.74 | 0.75 | 0.71 | 0.83 | 0.73 | 0.67 | 1.25 |
| Net debt / EBITDA | 6.68 | 8.08 | 7.82 | 14.72 | 8.49 | 9.36 | 10.65 | 8.54 | 10.57 | 23.68 |
| Current ratio | 2.95 | 2.67 | 1.52 | 1.64 | 2.90 | 2.61 | 2.61 | 1.72 | 1.53 | 2.86 |
| Quick ratio | 2.95 | 2.67 | 1.52 | 1.64 | −0.98 | 2.61 | −1.39 | 2.26 | 1.53 | 2.00 |
| Interest coverage | 1.0 | 1.3 | 1.1 | 1.1 | 0.6 | 1.1 | 0.6 | 0.7 | 0.1 | 0.4 |
| Working capital | $45.5M | $47.2M | $18.1M | $27.0M | $33.9M | $40.0M | $18.6M | $11.9M | $8.5M | $21.0M |
| Invested capital | $523.5M | $509.0M | $562.7M | $564.3M | $421.2M | $450.3M | $424.1M | $471.3M | $375.0M | $712.3M |
| Tangible asset value | $87.8M | $104.8M | $122.5M | $124.0M | $85.6M | $95.4M | $20.8M | $85.8M | $56.3M | $86.7M |
| Net current asset value | −$438.1M | −$461.6M | −$473.9M | −$462.6M | −$317.2M | −$312.0M | −$428.1M | −$358.3M | −$362.4M | −$351.5M |
| Graham net-net per share | — | — | — | — | — | — | −$438.95 | — | −$432.31 | −$428.82 |
| Capital allocation | ||||||||||
| Dividends paid | $6.6M | — | $10.8M | $2.7M | — | — | $0 | $14.6M | $20.7M | $17.7M |
| Share buybacks (net) | — | — | — | $0 | $8.3M | $1.1M | $0 | $0 | $0 | $0 |
| Dividend payout ratio | 74.8% | — | — | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 162.8% | — | — | 12.1% | 78.4% | 8.2% | 0.0% | 88.8% | 125.9% | 193.5% |
| Capex / revenue | 17.2% | 21.5% | 19.6% | 11.1% | 10.5% | 3.7% | 4.3% | 8.5% | 12.6% | 4.4% |
| Capex / operating cash flow | 80.9% | 86.7% | 95.6% | 27.7% | 37.6% | 14.4% | 17.8% | 25.3% | 30.9% | 17.6% |
| Capex / depreciation | 0.75 | 0.89 | 0.70 | 0.49 | 0.43 | 0.13 | 0.13 | 0.21 | 0.28 | 0.09 |
| Stock-based compensation / revenue | — | — | — | 0.0% | 0.0% | −0.4% | 0.0% | 1.4% | 1.5% | 3.3% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | — | 0.0% | — | — | — |
| SG&A / revenue | 11.8% | 10.5% | 11.5% | 11.7% | 11.6% | 9.6% | 10.6% | 12.2% | 10.7% | 25.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 55.9 | 48.5 | 47.6 | 54.2 | 54.7 | 48.2 | 50.5 | 63.5 | 92.9 | 86.3 |
| Days of inventory on hand | — | — | — | 491.0 | 643.9 | 448.1 | 356.8 | -36.0 | — | 54.1 |
| Days payables outstanding | — | 177.8 | 185.6 | 208.9 | 207.3 | 200.9 | 206.8 | 91.1 | 96.2 | 105.8 |
| Cash conversion cycle (days) | — | -129.3 | -138.0 | 336.3 | 491.4 | 295.4 | 200.5 | -63.5 | 39.0 | 34.7 |
| Receivables turnover | 6.53 | 7.52 | 7.67 | 6.73 | 6.67 | 7.58 | 7.23 | 5.75 | 3.93 | 4.23 |
| Payables turnover | — | 2.05 | 1.97 | 1.75 | 1.76 | 1.82 | 1.77 | 4.01 | 3.79 | 3.45 |
| Inventory turnover | — | — | — | 0.74 | 0.57 | — | 1.02 | — | — | 6.74 |
| Asset turnover | 0.16 | 0.16 | 0.15 | 0.13 | 0.13 | 0.12 | 0.13 | 0.14 | 0.12 | 0.11 |
| Average receivables | $15.2M | $13.9M | $13.3M | $11.4M | $9.2M | $8.0M | $8.7M | $11.4M | $14.9M | $10.4M |
| Average payables | — | $17.1M | $17.7M | $14.7M | $11.1M | $10.4M | $10.8M | $11.4M | $11.0M | $9.4M |
| Average inventory | — | — | — | $34.6M | $34.6M | $23.2M | $18.7M | −$4.5M | $4.8M | $4.8M |
| Intangibles / total assets | 1.1% | 1.8% | 2.9% | 4.2% | 2.3% | 3.5% | 1.1% | 7.0% | 3.1% | 3.8% |
Computed from WHLR's annual financial statements (latest annual report filed March 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WHLR valuation and financial ratios
Wheeler Real Estate Investment earned a return on equity of 14.3% and a return on invested capital of 6.1% in fiscal 2025. It ended the year with $483.7 million of debt and $23.7 million in cash and short-term investments, net debt of $460.1 million. It returned $6.6 million to shareholders: $6.6 million in dividends and $0 in share buybacks, 163% of free cash flow.
See the WHLR income statement, the WHLR chart for price history, or the WHLR stock overview for the latest quote and news.
WHLR key metrics FAQ
What is Wheeler Real Estate Investment's return on equity?
Wheeler Real Estate Investment's return on equity (ROE) was 14.3% in fiscal 2025: net income of $8.8 million on average shareholders' equity of $61.3 million.
What is Wheeler Real Estate Investment's ROIC?
Wheeler Real Estate Investment's return on invested capital was 6.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Wheeler Real Estate Investment have?
Wheeler Real Estate Investment had total debt of $483.7 million at the end of fiscal 2025, a debt-to-equity ratio of 7.63 and $460.1 million of net debt (6.68 times EBITDA).
What is Wheeler Real Estate Investment's current ratio?
Wheeler Real Estate Investment's current ratio was 2.95 at the end of fiscal 2025: current assets were 2.95 times current liabilities.