Wheeler Real Estate Investment Trust Inc
whlr.usWhat Do They Do?
Owns, leases and operates grocery-anchored shopping centers and other retail properties for national and regional retailers.
10-K for FY2025, filed Mar 5, 2026
How Do They Make Money?
Rent from leased retail space is the main source of revenue; tenants also reimburse property operating costs throughout the year, and some leases add rent when tenants meet sales targets.
10-K for FY2025, filed Mar 5, 2026The Company has two classes of underlying assets relating to rental revenue activity, retail and office space. The Company retains…View ↗
The Company’s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating…View ↗
The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset…View ↗
-
10-K for FY2025, filed Mar 5, 2026
FY2025 revenue by product or service ↗
$99.4M
-
10-K for FY2025, filed Mar 5, 2026
$99.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Base rent
Recurring
10-K for FY2025, filed Mar 5, 2026 |
3946%
FY2022: 3824%
|
Base rent, FY2025
$69.1M Sources
|
Recurring |
|
Tenant reimbursements - variable lease revenue
Recurring
10-K for FY2025, filed Mar 5, 2026 |
1395%
FY2022: 1149%
|
Tenant reimbursements - variable lease revenue, FY2025
$24.4M Sources
|
Recurring |
|
Lease termination fees
Sold outright
|
1.9%
FY2022: 9.2%
|
Lease termination fees, FY2025
$34K Sources
|
Sold outright |
|
Other
|
98%
FY2022: 91%
|
Other, FY2025
$1.7M Sources
|
Who Are Their Customers?
The company generally leases space to national and regional retailers selling consumer goods and services, with a focus on grocery-anchored centers.
10-K for FY2025, filed Mar 5, 2026
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 5, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$8.6MView ↗
- ▲ Now profitable
- vs −$2.4M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
-
Aug 14, 2026
Appointed Jason F. Simone as chief financial officer
Sources
8-K, filed Aug 14, 2026
Effective August 10, 2026, Jason F. Simone was appointed to serve as the Company’s Chief Financial Officer.View ↗
-
Jun 23, 2026
Engaged a broker to market thirty-five properties for a portfolio sale
The company said no timetable was set and completion was not assured.
Sources
8-K, filed Jun 23, 2026
On June 19, 2026, the Company engaged CBRE’s National Retail Partners to list and market for sale thirty-five of those fifty-nine…View ↗
Growing. Revenue grew 62% in 4 years, from $61.3M in FY2021 to $99.4M in FY2025, about 13% a year.
Broader asset recycling
The earlier report described selling non-income-producing land parcels to reduce debt. The latest report also includes non-core assets and says proceeds may be used to invest in higher-yielding opportunities.
10-K for FY2022, filed Mar 2, 2023 10-K for FY2025, filed Mar 5, 2026Focus on necessity-based retail. Own and operate retail properties that serve the essential day-to-day shopping needs of the surrounding…View ↗
Focus on necessity-based retail. We own and operate retail properties that serve the essential day-to-day shopping needs of the surrounding…View ↗
Loading...
