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Wheeler Real Estate Investment TrustWHLR -3.22%26 ROC (Joel Greenblatt) % is 61.50% as of Mar. 2026, which is 4% above its 10-year median of 58.91. GuruFocus rates WHLR with a GF Score™ of 26/100. The stock has 3 warning signs investors should review. Among 580 REITs companies, Wheeler Real Estate Investment Trust ranks worse than 55.52% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Wheeler Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 61.50%.
The historical rank and industry rank for Wheeler Real Estate Investment Trust's ROC (Joel Greenblatt) % or its related term are showing as below:
WHLR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.33 Med: 58.91 Max: 146.34
Current: 105.81
During the past 13 years, Wheeler Real Estate Investment Trust's highest ROC (Joel Greenblatt) % was 146.34%. The lowest was 0.33%. And the median was 58.91%.
WHLR's ROC (Joel Greenblatt) % is ranked worse than 55.52% of 580
companies
in the REITs industry
Industry Median: 178.7
vs WHLR: 105.81
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* 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 ROC (Joel Greenblatt) % Chart
WHLR vs GIPR, SQFT, PW: ROC (Joel Greenblatt) % Comparison
For the REIT - Retail subindustry, Wheeler Real Estate Investment Trust's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs REITs Industry
For the REITs industry and Real Estate sector, Wheeler Real Estate Investment Trust's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wheeler Real Estate Investment Trust's ROC (Joel Greenblatt) % falls into.
Wheeler Real Estate Investment Trust ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 61.50% mean?
Wheeler Real Estate Investment Trust (WHLR) has a ROC (Joel Greenblatt) % of 61.50% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Wheeler Real Estate Investment Trust and its competitors. This is near median its historical median of 58.91. Over the past decade, Wheeler Real Estate Investment Trust's ROC (Joel Greenblatt) % has ranged from 0.33 to 146.34. According to the industry distribution chart, Wheeler Real Estate Investment Trust ranks #322 out of 580 companies in the REITs industry, placing it in the top 55.5%.
Is Wheeler Real Estate Investment Trust's ROC (Joel Greenblatt) % too high?
Wheeler Real Estate Investment Trust's current ROC (Joel Greenblatt) % of 61.50% is near median its 10-year median of 58.91. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 146.34. The REITs industry median ROC (Joel Greenblatt) % is 178.70. Wheeler Real Estate Investment Trust's value of 61.50% is 65.6% below this industry median. Based on the distribution chart, Wheeler Real Estate Investment Trust ranks #322 out of 580 companies in the REITs industry, which is below the industry midpoint. 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 ROC (Joel Greenblatt) % compare to GIPR and SQFT?
According to the REITs industry distribution chart, Wheeler Real Estate Investment Trust ranks #322 out of 580 companies for ROC (Joel Greenblatt) %. This places Wheeler Real Estate Investment Trust in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 178.70. Wheeler Real Estate Investment Trust's value of 61.50% is 65.6% below this benchmark. Historically, Wheeler Real Estate Investment Trust's own ROC (Joel Greenblatt) % has ranged from 0.33 to 146.34 over the past decade. While the company's 10-year median is 58.91 vs. the industry median of 178.70, 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 ROC (Joel Greenblatt) % for a REITs company?
The median ROC (Joel Greenblatt) % among REITs companies is 178.70, based on 580 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Wheeler Real Estate Investment Trust's current ROC (Joel Greenblatt) % of 61.50% is 65.6% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Wheeler Real Estate Investment Trust and its competitors. For the REITs industry, the median ROC (Joel Greenblatt) % is 178.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wheeler Real Estate Investment Trust's current ROC (Joel Greenblatt) % is 61.50%, which is near median its own 10-year median of 58.91. 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 ROC (Joel Greenblatt) % of 61.50%. The current ROC (Joel Greenblatt) % is 61.50%, which is near median its 10-year median of 58.91 and 65.6% below the REITs industry median of 178.70. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Wheeler Real Estate Investment Trust (WHLR), the current ROC (Joel Greenblatt) % is 61.50% 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
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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