WHLR (Wheeler Real Estate Investment Trust) Debt-to-EBITDA : 5.32 (As of Jun. 2026) — 49% Below Median

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WHLR Wheeler Real Estate Investment Trust Inc WHLR
26 GF Score
Price $0.35
! 4 Warning Signs
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What is Wheeler Real Estate Investment Trust Debt-to-EBITDA?

Wheeler Real Estate Investment Trust WHLR -1.93% 26 Debt-to-EBITDA is 5.32 as of Jun. 2026, which is 49% below its 10-year median of 10.42. GuruFocus rates WHLR with a GF Scoreâ„¢ of 26/100. The stock has 4 warning signs investors should review. Among 575 REITs companies, Wheeler Real Estate Investment Trust ranks better than 51.83% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Wheeler Real Estate Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $6.53 Mil. Wheeler Real Estate Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $466.24 Mil. Wheeler Real Estate Investment Trust's annualized EBITDA for the quarter that ended in Jun. 2026 was $88.86 Mil. Wheeler Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 5.32.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Wheeler Real Estate Investment Trust's Debt-to-EBITDA or its related term are showing as below:

WHLR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.29   Med: 10.42   Max: 15.6
Current: 6.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Wheeler Real Estate Investment Trust was 15.60. The lowest was 6.29. And the median was 10.42.

WHLR's Debt-to-EBITDA is ranked better than
51.83% of 575 companies
in the REITs industry
Industry Median: 6.56 vs WHLR: 6.29

Wheeler Real Estate Investment Trust  (NAS:WHLR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Wheeler Real Estate Investment Trust Debt-to-EBITDA Related Terms


Wheeler Real Estate Investment Trust Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Wheeler Real Estate Investment Trust's Debt-to-EBITDA 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.

Wheeler Real Estate Investment Trust Debt-to-EBITDA Chart

Wheeler Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.09 15.60 8.11 9.00 7.02

Wheeler Real Estate Investment Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.79 4.62 8.15 11.04 5.32

WHLR vs GIPR, SQFT, PW: Debt-to-EBITDA Comparison

For the REIT - Retail subindustry, Wheeler Real Estate Investment Trust's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wheeler Real Estate Investment Trust Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Wheeler Real Estate Investment Trust's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Wheeler Real Estate Investment Trust's Debt-to-EBITDA falls into.


WHLR
26GF Score
Wheeler Real Estate Investment Trust Inc WHLR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Wheeler Real Estate Investment Trust Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Wheeler Real Estate Investment Trust's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(7.37 + 476.378) / 68.871
=7.02

Wheeler Real Estate Investment Trust's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(6.534 + 466.241) / 88.856
=5.32

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.32 mean?
Wheeler Real Estate Investment Trust (WHLR) has a Debt-to-EBITDA of 5.32 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Wheeler Real Estate Investment Trust. This is 49% below median its historical median of 10.42. Over the past decade, Wheeler Real Estate Investment Trust's Debt-to-EBITDA has ranged from 6.29 to 15.60. According to the industry distribution chart, Wheeler Real Estate Investment Trust ranks #277 out of 575 companies in the REITs industry, placing it in the top 48.2%.
Is Wheeler Real Estate Investment Trust's Debt-to-EBITDA too high?
Wheeler Real Estate Investment Trust's current Debt-to-EBITDA of 5.32 is 49% below median its 10-year median of 10.42. Over the past 10 years, this metric has ranged from a low of 6.29 to a high of 15.60. The REITs industry median Debt-to-EBITDA is 6.56. Wheeler Real Estate Investment Trust's value of 5.32 is 18.9% below this industry median. Based on the distribution chart, Wheeler Real Estate Investment Trust ranks #277 out of 575 companies in the REITs industry, which is above the industry midpoint. Overall, Wheeler Real Estate Investment Trust has a GF Scoreâ„¢ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Wheeler Real Estate Investment Trust's Debt-to-EBITDA compare to GIPR and SQFT?
According to the REITs industry distribution chart, Wheeler Real Estate Investment Trust ranks #277 out of 575 companies for Debt-to-EBITDA. This puts Wheeler Real Estate Investment Trust in the upper half of its industry. The industry median Debt-to-EBITDA is 6.56. Wheeler Real Estate Investment Trust's value of 5.32 is 18.9% below this benchmark. Historically, Wheeler Real Estate Investment Trust's own Debt-to-EBITDA has ranged from 6.29 to 15.60 over the past decade. While the company's 10-year median is 10.42 vs. the industry median of 6.56, Wheeler Real Estate Investment Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.56, based on 575 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheeler Real Estate Investment Trust's current Debt-to-EBITDA of 5.32 is 18.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Wheeler Real Estate Investment Trust. For the REITs industry, the median Debt-to-EBITDA is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheeler Real Estate Investment Trust's current Debt-to-EBITDA is 5.32, which is 49% below median its own 10-year median of 10.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wheeler Real Estate Investment Trust stock overvalued right now?
Wheeler Real Estate Investment Trust (WHLR) has a current Debt-to-EBITDA of 5.32. The current Debt-to-EBITDA is 5.32, which is 49% below median its 10-year median of 10.42 and 18.9% below the REITs industry median of 6.56. Wheeler Real Estate Investment Trust's overall GF Score™ is 26/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Wheeler Real Estate Investment Trust (WHLR), the current Debt-to-EBITDA is 5.32 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Wheeler Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges WHLRP.PFD:USAWHLRD.PFD:USA
Address 2529 Virginia Beach Boulevard, Virginia Beach, VA, USA, 23452
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; Cypress Shopping Center in Boiling Springs, South Carolina, and others.
26GF Score

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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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