Wheeler Real Estate Investment Trust, Inc. income statement
In fiscal 2025, Wheeler Real Estate Investment Trust, Inc. reported revenue of $99.4m, down 4.9% on the year before, operating income of $43.2m (a 43.5% margin) and net income of $8.8m, or −$36.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 8 | 15 | 28 | 44 | 59 | 65 | 63 | 61 | 61 | 77 | 102 | 105 | 99 | 95 |
| General and administrative | 0 | 1 | 5 | 9 | 13 | 10 | 7 | 8 | 7 | 6 | 7 | 9 | 12 | 11 | 12 | 12 |
| Operating income | 0 | −0 | −2 | −6 | −12 | −0 | 2 | 2 | 11 | 18 | 20 | 25 | 29 | 38 | 43 | 37 |
| Interest expense | 1 | 1 | 2 | 6 | 9 | 13 | 17 | 20 | 19 | 17 | 33 | 30 | 32 | — | — | — |
| Provision for credit losses | — | — | — | — | 0 | 0 | 3 | 1 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Income before tax | — | — | −4 | −12 | −21 | −13 | −14 | −18 | −8 | 0 | −9 | −8 | 6 | 1 | 15 | 22 |
| Income tax | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −1 | −1 | −4 | −11 | −18 | −11 | −12 | −17 | −8 | 0 | −9 | −12 | −5 | −10 | 9 | 17 |
| Diluted EPS | — | −$3.50 | −$8.20 | −$14.40 | −$213.20 | −$1.89 | −$2.54 | −$3.17 | −$2.34 | −$0.96 | −$1.36 | −$22.04 | −$13157.97 | −$346484.38 | −$36.01 | — |
| Diluted shares (average) | — | — | — | — | — | — | — | — | — | — | — | — | 2m | — | — | — |
| EBITDA | 1 | 1 | 1 | 1 | 4 | 20 | 28 | 30 | 32 | 36 | 34 | 44 | 58 | 63 | 66 | 58 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25 | 28 | 24 | 26 | 24 | 25 | 24 | 22 |
| General and administrative | 2 | 3 | 3 | 3 | 2 | 4 | 3 | 3 |
| Operating income | 14 | 5 | 12 | 15 | 5 | 11 | 10 | 11 |
| Provision for credit losses | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −31 | 40 | 2 | −1 | 13 | 0 | −1 | 10 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −33 | 37 | 1 | −2 | 12 | −1 | −2 | 9 |
| Diluted EPS | −$129727.27 | −$40201.89 | −$14215.77 | −$17105.08 | −$0.83 | −$21.24 | −$14.55 | $0.24 |
| EBITDA | 20 | 11 | 18 | 21 | 11 | 16 | 15 | 16 |
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