# WHEELER REAL ESTATE INVESTMENT TRUST, INC. (WHLR) · Edgar & Edgarette company card

> Wheeler Real Estate Investment Trust (WHLR) saw revenue fall 4.9% in FY2025 to $99 million, operating margin 43.5% against a 24.7% median for real estate investment trusts, equity 0.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1527541 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WHLR) · [JSON](https://www.pops4.com/boards/company/WHLR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $99M |
| Revenue growth, 1 year | -4.9% |
| Revenue growth per year | 12.9% |
| Operating margin | 43.5% (prior year 35.9%) |
| Net margin | 14.9% |
| Operating cash flow | $21M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $24M |
| Long-term debt | — |
| Total assets | $602M |
| Total equity | $234,000 |
| Equity ÷ assets | 0.0% |
| Return on equity | 6340.6% |
| Dividend per share | $0 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±33%
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $99.4M (FY2025). Experience: revenue down 4.9% on the year, up 12.9% a year over 4 years; operating margin 43.5%, up from 35.9%. Soundness: equity 0.0% of assets, return on equity 6340.6%, payout 44.2% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $69.6M and $138.7M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $71.5M to $135.4M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 43.5% against a 24.7% median; growth -4.9% against 3.7%.

Range logged 2026-09-24, receipt bd0d8a45dd55b73b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1527541/000152754126000281/0001527541-26-000281-index.htm))

## Recent filings

- 8-K · filed 2026-10-26 · 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1527541/000152754126000407/0001527541-26-000407-index.htm)
- DEF 14A · filed 2026-10-23 · [filing](https://www.sec.gov/Archives/edgar/data/1527541/000121390026111872/0001213900-26-111872-index.htm)
- 8-K · filed 2026-10-19 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1527541/000152754126000399/0001527541-26-000399-index.htm)
- 8-K · filed 2026-10-13 · 3.02 Unregistered Sales of Equity Securities · [filing](https://www.sec.gov/Archives/edgar/data/1527541/000152754126000391/0001527541-26-000391-index.htm)
- 8-K · filed 2026-10-13 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1527541/000121390026108884/0001213900-26-108884-index.htm)
- 8-K · filed 2026-10-06 · 5.08 Shareholder Nominations Pursuant to Rule 14a-11 · [filing](https://www.sec.gov/Archives/edgar/data/1527541/000152754126000381/0001527541-26-000381-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001527541.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1527541

## Cite

POPS4, Edgar & Edgarette: WHEELER REAL ESTATE INVESTMENT TRUST, INC. (WHLR) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/WHLR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.