Wheeler Real Estate Investment Trust, Inc. (WHLR) intrinsic value & 10-year financials
Wheeler Real Estate Investment Trust, Inc. (WHLR) has a Graham intrinsic value of $1,608.67 per share. At $0.38 on Oct 17, 2026, the stock trades 100% below that value. Over the last 10 fiscal years revenue shrank 30.1% a year to $1.8M, with an average return on invested capital of -30.6%.
- Graham intrinsic value
- $1,608.67
- Share price (Oct 17, 2026)
- $0.38
- Price vs Graham value
- 100% below
- Market cap
- $40.5K
- Revenue (FY2025)
- $1.8M
- Revenue growth (10-yr CAGR)
- -30.1%
- ROIC (10-yr avg)
- -30.6%
- Free cash flow (FY2025)
- —
WHLR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.8M | $8.8M | -$36.01 | — | 2468.4% | -342.9% |
| FY2024 | $2.2M | -$9.6M | -$317.02 | — | 1732.7% | 8.6% |
| FY2023 | $2.0M | -$4.7M | -$4.57 | — | 1475.5% | 6.7% |
| FY2022 | $1.4M | -$12.5M | -$2.20 | $22.2M | 1696.4% | 6.4% |
| FY2021 | $942.0K | -$9.4M | -$1.36 | $10.6M | 2071.1% | 5.6% |
| FY2020 | $964.0K | $245.0K | -$0.96 | $13.5M | 1910.6% | 5.0% |
| FY2019 | $720.0K | -$8.0M | — | $12.5M | 1507.5% | 2.8% |
| FY2018 | $65.7M | -$16.5M | — | $16.4M | 9.7% | 1.7% |
| FY2017 | $58.5M | -$12.1M | — | $17.4M | 0.9% | 0.1% |
| FY2016 | $44.2M | -$11.2M | — | $8.5M | -0.7% | -0.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Wheeler Real Estate Investment Trust, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Wheeler Real Estate Investment Trust, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.3% ROIC.
Wheeler Real Estate Investment Trust, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Wheeler Real Estate Investment Trust, Inc. is modeled at -30.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1608.67 per share.