NasdaqCM:WHLR.D

Stock Analysis Report

Wheeler Real Estate Investment Trust

Executive Summary

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Wheeler Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WHLR.D has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

29.3%

WHLR.D

15.8%

US REITs

7.2%

US Market


1 Year Return

-44.6%

WHLR.D

-20.1%

US REITs

-10.4%

US Market

Return vs Industry: WHLR.D underperformed the US REITs industry which returned -20.1% over the past year.

Return vs Market: WHLR.D underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

WHLR.DIndustryMarket
7 Day29.3%15.8%7.2%
30 Day-44.8%-19.2%-12.6%
90 Day-48.1%-24.6%-19.4%
1 Year-44.6%-44.6%-16.8%-20.1%-8.5%-10.4%
3 Year-64.6%-70.0%-0.7%-13.1%15.8%8.3%
5 Yearn/a13.3%-10.2%35.8%21.0%

Price Volatility Vs. Market

How volatile is Wheeler Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Wheeler Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Wheeler Real Estate Investment Trust is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Wheeler Real Estate Investment Trust has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is Wheeler Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.0%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wheeler Real Estate Investment Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Wheeler Real Estate Investment Trust performed over the past 5 years?

23.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WHLR.D is currently unprofitable.

Growing Profit Margin: WHLR.D is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WHLR.D is unprofitable, but has reduced losses over the past 5 years at a rate of 23.4% per year.

Accelerating Growth: Unable to compare WHLR.D's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WHLR.D is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5%).


Return on Equity

High ROE: WHLR.D has a negative Return on Equity (-7.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wheeler Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: WHLR.D has a high level of physical assets or inventory.

Debt Coverage by Assets: WHLR.D's debt is not covered by short term assets (assets are 0.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable WHLR.D has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: WHLR.D is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45% per year.


Financial Institutions Analysis

Asset Level: WHLR.D's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if WHLR.D has a sufficient allowance for bad loans.

Low Risk Liabilities: WHLR.D reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if WHLR.D has an acceptable proportion of non-loan assets held.

Low Risk Deposits: WHLR.D has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if WHLR.D has an appropriate level of bad loans.


Next Steps

Dividend

What is Wheeler Real Estate Investment Trust's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate WHLR.D's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate WHLR.D's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if WHLR.D's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WHLR.D's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: WHLR.D is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WHLR.D's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Dave Kelly (54yo)

2.17s

Tenure

US$402,641

Compensation

Mr. David Kelly has been the CEO and President of Wheeler Real Estate Investment Trust, Inc. since January 30, 2018 and also served as its Director since 2011. Mr. Kelly founded Kelly Development LLC in Ma ...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD402.64K) is below average for companies of similar size in the US market ($USD602.37K).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
David Kelly
CEO & President2.17yrsUS$402.64k0.33% $26.9k
Michael Franklin
Chief Operating Officer2yrsUS$261.57k0.050% $4.1k
Crystal Plum
Chief Financial Officerno datano data0.021% $1.7k
Mary Jensen
Investor Relations Contact2.17yrsno datano data
Angelica Beltran
Corporate Secretary & Principal Brokerno datano datano data

2.2yrs

Average Tenure

38yo

Average Age

Experienced Management: WHLR.D's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Joseph Stilwell
Director0.25yrno datano data
Deborah Markus-Malone
Independent Director0.25yrno datano data
Paula Poskon
Director0.25yrno datano data
Andrew Jones
Independent Chairman0.83yrUS$67.50k0.50% $40.9k
Clayton Andrews
Independent Director0.25yrno datano data
Daniel Khoshaba
Directorno datano data9.8% $799.8k
Stefani Carter
Independent Director0.25yrno datano data
Kerry Campbell
Director0.25yrno datano data

0.3yrs

Average Tenure

56yo

Average Age

Experienced Board: WHLR.D's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.


Top Shareholders

Company Information

Wheeler Real Estate Investment Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wheeler Real Estate Investment Trust, Inc.
  • Ticker: WHLR.D
  • Exchange: NasdaqCM
  • Founded: 2011
  • Industry: Retail REITs
  • Sector: Real Estate
  • Implied Market Cap: US$8.162m
  • Market Cap: US$8.250m
  • Shares outstanding: 9.93m
  • Website: https://www.whlr.us

Number of Employees


Location

  • Wheeler Real Estate Investment Trust, Inc.
  • Riversedge North
  • Suite 200
  • Virginia Beach
  • Virginia
  • 23452
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WHLRNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 2012
WHLR.PNasdaqCM (Nasdaq Capital Market)CV PFD SER BUSUSDApr 2014
WHLR.DNasdaqCM (Nasdaq Capital Market)PFD CNV SER DUSUSDSep 2016

Biography

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully-integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Wheeler’s portfolio contains well-located, potentially dominant retail properties in secondary and tertiary markets that generate attractive, risk-adjusted returns, with a particular emphasis on grocery-anchored retail centers. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 03:55
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.