WHLR (Wheeler Real Estate Investment Trust) Debt-to-Equity: 6.23 (As of Jun. 2026) — 62% Above Median

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WHLR Wheeler Real Estate Investment Trust Inc WHLR
26 GF Score
Price $0.42
! 4 Warning Signs
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What is Wheeler Real Estate Investment Trust Debt-to-Equity?

Wheeler Real Estate Investment Trust WHLR -18.28% 26 Debt-to-Equity is 6.23 as of Jun. 2026, which is 62% above its 10-year median of 3.85. GuruFocus rates WHLR with a GF Scoreâ„¢ of 26/100. The stock has 4 warning signs investors should review. Among 682 REITs companies, Wheeler Real Estate Investment Trust ranks worse than 98.24% on this metric.

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 Total Stockholders Equity for the quarter that ended in Jun. 2026 was $75.90 Mil. Wheeler Real Estate Investment Trust's debt to equity for the quarter that ended in Jun. 2026 was 6.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

WHLR' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.16   Med: 3.85   Max: 19.71
Current: 6.23

During the past 13 years, the highest Debt-to-Equity Ratio of Wheeler Real Estate Investment Trust was 19.71. The lowest was 2.16. And the median was 3.85.

WHLR's Debt-to-Equity is ranked worse than
98.24% of 682 companies
in the REITs industry
Industry Median: 0.78 vs WHLR: 6.23

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

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


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


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


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

* Premium members only.

The historical data trend for Wheeler Real Estate Investment Trust's Debt-to-Equity 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-Equity Chart

Wheeler Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.70 5.87 6.71 8.50 7.63

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-Equity 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 9.22 8.33 7.63 7.56 6.23

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

For the REIT - Retail subindustry, Wheeler Real Estate Investment Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs REITs Industry

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

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


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

Debt to Equity measures the financial leverage a company has.

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

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

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 6.23 mean?
Wheeler Real Estate Investment Trust (WHLR) has a Debt-to-Equity of 6.23 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Wheeler Real Estate Investment Trust and its competitors. This is 62% above median its historical median of 3.85. Over the past decade, Wheeler Real Estate Investment Trust's Debt-to-Equity has ranged from 2.16 to 19.71. According to the industry distribution chart, Wheeler Real Estate Investment Trust ranks #670 out of 682 companies in the REITs industry, placing it in the top 98.2%.
Is Wheeler Real Estate Investment Trust's Debt-to-Equity too high?
Wheeler Real Estate Investment Trust's current Debt-to-Equity of 6.23 is 62% above median its 10-year median of 3.85. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 19.71. The REITs industry median Debt-to-Equity is 0.78. Wheeler Real Estate Investment Trust's value of 6.23 is 698.7% above this industry median. Based on the distribution chart, Wheeler Real Estate Investment Trust ranks #670 out of 682 companies in the REITs industry, which is in the bottom quartile relative to peers. 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-Equity compare to GIPR and SQFT?
According to the REITs industry distribution chart, Wheeler Real Estate Investment Trust ranks #670 out of 682 companies for Debt-to-Equity. This places Wheeler Real Estate Investment Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Wheeler Real Estate Investment Trust's value of 6.23 is 698.7% above this benchmark. Historically, Wheeler Real Estate Investment Trust's own Debt-to-Equity has ranged from 2.16 to 19.71 over the past decade. While the company's 10-year median is 3.85 vs. the industry median of 0.78, Wheeler Real Estate Investment Trust has consistently been above 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 682 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity of 6.23 is 698.7% above 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Wheeler Real Estate Investment Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — 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-Equity is 6.23, which is 62% above median its own 10-year median of 3.85. 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-Equity of 6.23. The current Debt-to-Equity is 6.23, which is 62% above median its 10-year median of 3.85 and 698.7% above the REITs industry median of 0.78. 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Wheeler Real Estate Investment Trust (WHLR), the current Debt-to-Equity is 6.23 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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