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Just reported
Q3 2026 results
From Wheeler Real Estate Investment Trust's results release of November 5, 2026; its quarterly report has since been filed.
Revenue
Actual
$23.2M
-2.8% y/y
+3.0% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$7.9M
+44% y/y
-25% q/qGuided
—
No guide given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
Keep exploring
The themes Wheeler Real Estate Investment Trust is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Reit Retail
Graded A or B and worth $2B or more: A first, then the largest.
ORealty Income Corporation$55.9BA+
REGRegency Centers Corporation$13.9BA+
FRTFederal Realty Investment Trust$9.8BA+
BRXBrixmor Property Group Inc.$9.3BA
EPRTEssential Properties Realty Trust, Inc.$6.1BA+
Grade rose recently in Real Estate
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
AMHAmerican Homes 4 RentNov 5, 2026CAGraded C, now A
JANJanus Living, Inc.Nov 3, 2026BAGraded B, now A
COMPCompass, Inc.Nov 5, 2026BAGraded B, now A
FSVFirstService CorporationOct 22, 2026BAGraded B, now A
RYNRayonier Inc.Nov 4, 2026DBGraded D, now B
How it makes money
- Base rent73%
- Tenant reimbursements27%
Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.
Competes with
What it sells1
Shopping-center leases
Retail space in shopping centers, with a focus on centers anchored by grocery stores.
Who buys it2
- National and regional retailers that lease space in the company's shopping centers.
- Grocery stores and other retailers selling consumer goods and services to nearby communities.
What it stands on, and what could break it
What the business leans on
- 1Rental income depends on tenants paying rent and property costs, renewing leases, and occupying available space.
- 2Leasing demand and property income depend on local and regional economic conditions in the markets where the centers are located.
- 3A significant portion of the company's land and buildings secures its loans, which can limit how those properties are transferred or used.
- 4The company must meet federal requirements to maintain its status as a real estate investment trust.
What could go wrong
- 1Retail tenants may fail, stop paying rent or decline to renew; online shopping and other retail competition can also reduce tenant sales and demand for store space.
- 2The properties are concentrated in the Mid-Atlantic, Southeast and Northeast, so a severe storm or other regional event could damage several properties; insurance might not cover all losses or business interruption.
- 3Loan refinancing, borrowing costs and debt-agreement requirements could constrain the company; preferred-stock redemptions and convertible notes can also lead to dilution of common shares.
About Wheeler Real Estate Investment Trust, Inc.
Wheeler owns and leases retail shopping centers, mainly in the Mid-Atlantic, Southeast and Northeast. Retailers pay rent, and many also repay a share of property costs such as maintenance, insurance and real estate taxes. The company also earns smaller amounts from other services.
- Head office
- Virginia Beach, Virginia
- Founded
- June 23, 2011
- Employees
- 49 (December 31, 2025, high)
- Listed on
- Nasdaq Capital Market
- Financial year ends
- December 31
Built from Wheeler Real Estate Investment Trust, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
