Wheeler Real Estate Investment Trust, Inc. · REIT (real estate trust)

WHLR

Low riskNext report: Around Nov 5 (est.)

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The short version

A profitable company with shrinking sales.

Going well

Profitable
Brings in more cash than it spends
Buying back shares: share count down 41% in 3 years

Watch out for

Sales down 14% in the latest quarter vs a year ago
High debt: 80.41x equity

Money moves

Insiders sold $15 in the last 30 days

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$0.34-2.9% that day

From WHLR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$22.5M-14% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $95.5M, down 7.2% from the 12 months before. Over 5 years, sales grew about 10% a year.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/5Weak

MissDebt under half of equityNot relying on borrowed money.2000.67x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
MissProfitable every yearSteady profits, not one good year.4 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$21.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-40.9% in 3 years

Revenue: $99.4M; -4.9% vs prior year
5-year growth: +10.3%/yr; revenue, per year
Total debt: $468.2M; 2000.67x equity
Free cash flow: $21.1M; 21.2% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $22.5M; -13.9% YoY
EPS: $0.24; vs -$85525.40
Op. margin: 46.8%; -10.5 pts
Free cash flow: $8.0M
Share count: +8441596.6%; vs a year ago

Insider rating

Last 90 days

50Mixed

1 insider sold $15 (not pre-planned)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

58/ 100

This week: 10
Normal week: 7.3
vs normal: 1.4x

SEC filings of any kind. 50 means a normal week.

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-16.1%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

80.4x · $458.1M debt

Shares outstandingLatest reported

Why low risk

High debt: 80.41x equity

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 8
Results filedMar 5
Results filedNov 6, 2025
Results filedAug 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$151 insider, 0 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Joseph StilwellDirector	Sell	5	$3.03	$15	585K	Sep 30Filing ↗
-0% of their holdings Held See footnote Not a pre-planned sale Also 10% owner Filed jointly with 5 others Filed 2 days after

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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