WHLR (Wheeler Real Estate Investment Trust) Return-on-Tangible-Equity: -16.95% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WHLR Wheeler Real Estate Investment Trust Inc WHLR
26 GF Score
Price $0.36
! 3 Warning Signs
View Full Analysis

What is Wheeler Real Estate Investment Trust Return-on-Tangible-Equity?

Wheeler Real Estate Investment Trust WHLR -5.62% 26 Return-on-Tangible-Equity is -16.95% as of Mar. 2026. GuruFocus rates WHLR with a GF Score™ of 26/100. The stock has 3 warning signs investors should review. Among 928 REITs companies, Wheeler Real Estate Investment Trust ranks better than 77.69% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Wheeler Real Estate Investment Trust's annualized net income for the quarter that ended in Mar. 2026 was $-9.59 Mil. Wheeler Real Estate Investment Trust's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $56.57 Mil. Therefore, Wheeler Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was -16.95%.

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

WHLR' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -21.06   Med: -11.92   Max: 16.87
Current: 11.49

During the past 13 years, Wheeler Real Estate Investment Trust's highest Return-on-Tangible-Equity was 16.87%. The lowest was -21.06%. And the median was -11.92%.

WHLR's Return-on-Tangible-Equity is ranked better than
77.69% of 928 companies
in the REITs industry
Industry Median: 6.265 vs WHLR: 11.49

Wheeler Real Estate Investment Trust  (NAS:WHLR) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Wheeler Real Estate Investment Trust Return-on-Tangible-Equity Related Terms


Wheeler Real Estate Investment Trust Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Wheeler Real Estate Investment Trust's Return-on-Tangible-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 Return-on-Tangible-Equity Chart

Wheeler Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.55 -17.62 -8.21 -18.56 16.87

Wheeler Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-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 4.45 -21.97 93.99 -5.98 -16.95

WHLR vs GIPR, SQFT, PW: Return-on-Tangible-Equity Comparison

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

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

* The bar in red indicates where Wheeler Real Estate Investment Trust's Return-on-Tangible-Equity falls into.


WHLR
26GF Score
Wheeler Real Estate Investment Trust Inc WHLR
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wheeler Real Estate Investment Trust Return-on-Tangible-Equity Calculation

Wheeler Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=8.77/( (47.45+56.529 )/ 2 )
=8.77/51.9895
=16.87 %

Wheeler Real Estate Investment Trust's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-9.588/( (56.529+56.608)/ 2 )
=-9.588/56.5685
=-16.95 %

* 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of -16.95% mean?
Wheeler Real Estate Investment Trust (WHLR) has a Return-on-Tangible-Equity of -16.95% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Wheeler Real Estate Investment Trust and its competitors. According to the industry distribution chart, Wheeler Real Estate Investment Trust ranks #207 out of 928 companies in the REITs industry, placing it in the top 22.3%.
Is Wheeler Real Estate Investment Trust's Return-on-Tangible-Equity too high?
Wheeler Real Estate Investment Trust's current Return-on-Tangible-Equity is -16.95%. Based on the distribution chart, Wheeler Real Estate Investment Trust ranks #207 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Wheeler Real Estate Investment Trust has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Wheeler Real Estate Investment Trust's Return-on-Tangible-Equity compare to GIPR and SQFT?
According to the REITs industry distribution chart, Wheeler Real Estate Investment Trust ranks #207 out of 928 companies for Return-on-Tangible-Equity. This places Wheeler Real Estate Investment Trust in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Wheeler Real Estate Investment Trust and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheeler Real Estate Investment Trust's current Return-on-Tangible-Equity is -16.95%. 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 Return-on-Tangible-Equity of -16.95%. The current Return-on-Tangible-Equity is -16.95%. Wheeler Real Estate Investment Trust's overall GF Score™ is 26/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Wheeler Real Estate Investment Trust (WHLR), the current Return-on-Tangible-Equity is -16.95% as of Mar. 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

Get the complete analysis for WHLR

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.36
Price