Wheeler Real Estate Investment Trust (Wheeler Real Estate Investment Trust) Operating Income : $27.2 Mil (TTM As of Dec. 2023)

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What is Wheeler Real Estate Investment Trust Operating Income?

Wheeler Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was $7.2 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $27.2 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Wheeler Real Estate Investment Trust's Operating Income for the three months ended in Dec. 2023 was $7.2 Mil. Wheeler Real Estate Investment Trust's Revenue for the three months ended in Dec. 2023 was $26.2 Mil. Therefore, Wheeler Real Estate Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 was 27.34%.

Good Sign:

Wheeler Real Estate Investment Trust Inc operating margin is expanding. Margin expansion is usually a good sign.

Wheeler Real Estate Investment Trust's 5-Year average Growth Rate for Operating Margin % was 7.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Wheeler Real Estate Investment Trust's annualized ROC % for the quarter that ended in Dec. 2023 was 4.55%. Wheeler Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 452.95%.

Wheeler Real Estate Investment Trust Operating Income Historical Data

The historical data trend for Wheeler Real Estate Investment Trust's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Wheeler Real Estate Investment Trust Operating Income Chart

Wheeler Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Operating Income

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16.06

19.29

19.76

22.75

27.20

Wheeler Real Estate Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Operating Income	Get a 7-Day Free Trial															7.35	6.57	6.38	7.08	7.17

Wheeler Real Estate Investment Trust Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $27.2 Mil.

Wheeler Real Estate Investment Trust (NAS:WHLR) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Wheeler Real Estate Investment Trust's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	28.668 * ( 1 - 0% )	/	( (628.227	+	632.863)	/ 2 )
=	28.668	/	630.545
=	4.55 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	671.937	-	18.291	-	( 25.419	-	max(0, 18.291	-	60.548	+	25.419	))
=	628.227

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	668.332	-	17.065	-	( 18.404	-	max(0, 17.065	-	52.933	+	18.404	))
=	632.863

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Wheeler Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	125.832	/	( ( (10.69 + max(16.838, 0))	+	(10.569 + max(17.464, 0)) )	/	2 )
=	125.832	/	( ( 27.528	+	28.033 )	/	2 )
=	125.832	/	27.7805
=	452.95 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(11.691	+	0	+	23.438)	-	(18.291	+	0	+	0)
=	16.838

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(13.126	+	0	+	21.403)	-	(17.065	+	0	+	0)
=	17.464

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Wheeler Real Estate Investment Trust's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7.167	/	26.215
	=	27.34 %

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Wheeler Real Estate Investment Trust Operating Income Related Terms

Thank you for viewing the detailed overview of Wheeler Real Estate Investment Trust's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Wheeler Real Estate Investment Trust (Wheeler Real Estate Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Wheeler Real Estate Investment Trust Inc (NAS:WHLR) » Definitions » Operating Income

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WHLRP.PFD:USA WHLRD.PFD:USA

Address

2529 Virginia Beach Boulevard, Virginia Beach, VA, USA, 23452

Website

https://www.whlr.us

Wheeler Real Estate Investment Trust Inc is a self-managed commercial real estate investment company. It owns, leases and operates income-producing retail properties with a primary focus on grocery-anchored centers. The company's properties include Alex City Marketplace in Alexander City, Alabama; Bryan Station in Lexington, Kentucky; Cardinal Plaza in Henderson, North Carolina; Clover Plaza in Clover, South Carolina; Winslow Plaza in Sicklerville, New Jersey and many more.

Executives

Joseph Stilwell	director, 10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Steamboat Capital Partners, Llc	10 percent owner	24 MAPLE AVENUE, RYE NY 10580
Corbin Capital Partners, L.p.	10 percent owner	590 MADISON AVENUE, NEW YORK NY 10022
Ceof Holdings Lp	10 percent owner	590 MADISON AVENUE, 31ST FLOOR, NEW YORK NY 10022
Corbin Capital Partners Gp, Llc	10 percent owner	590 MADISON AVENUE, 31ST FLOOR, NEW YORK NY 10022
Stilwell Associates L P	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Dennis Pollack	director	3 PENNS TRAIL, NEWTOWN PA 18940
Kerry G. Campbell	director	2529 VIRGINIA BEACH BLVD., VIRGINIA BEACH VA 23452
Megan Parisi	director	200 CALLE DEL SANTO CRISTO, SEGUNDO PISO, SAN JUAN PR 00901
David J. Snyderman	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Parsa Kiai	10 percent owner	420 LEXINGTON AVENUE, SUITE 2300, NY NY 10170
Michael Andrew Franklin	officer: Interim CEO	RIVERSEDGE NORTH, 2529 VIRGINIA BEACH BLVD, SUITE 200, VIRGINIA BEACH VA 23452
Supernova Management Llc	10 percent owner	1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Alec N Litowitz	10 percent owner	C/O MAGNETAR FINANCIAL LLC, 1603 ORRINGTON AVENUE, 13TH FLOOR, EVANSTON IL 60201
Magnetar Capital Partners Lp	10 percent owner	1603 ORRINGTON AVE., 13TH FLOOR, EVANSTON IL 60201