WHLR (Wheeler Real Estate Investment Trust) Scaled Net Operating Assets: 0.90 (As of Mar. 2026)


WHLR Wheeler Real Estate Investment Trust Inc WHLR
26 GF Score
Price $1.03
! 3 Warning Signs
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What is Wheeler Real Estate Investment Trust Scaled Net Operating Assets?

Wheeler Real Estate Investment Trust WHLR +4.57% 26 Scaled Net Operating Assets is 0.90 as of Mar. 2026. GuruFocus rates WHLR with a GF Score™ of 26/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Wheeler Real Estate Investment Trust's operating assets for the quarter that ended in Mar. 2026 was $570.42 Mil. Wheeler Real Estate Investment Trust's operating liabilities for the quarter that ended in Mar. 2026 was $26.41 Mil. Wheeler Real Estate Investment Trust's Total Assets for the quarter that ended in Dec. 2025 was $601.73 Mil. Therefore, Wheeler Real Estate Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.90.


Wheeler Real Estate Investment Trust Scaled Net Operating Assets Historical Data

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The historical data trend for Wheeler Real Estate Investment Trust's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Wheeler Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 1.36 0.92 0.86 0.85

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
Scaled Net Operating Assets 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 0.87 0.90 0.91 0.89 0.90

WHLR vs GIPR, SQFT, PW: Scaled Net Operating Assets Comparison

For the REIT - Retail subindustry, Wheeler Real Estate Investment Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Wheeler Real Estate Investment Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Wheeler Real Estate Investment Trust's Scaled Net Operating Assets falls into.


WHLR
26GF Score
Wheeler Real Estate Investment Trust Inc WHLR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Wheeler Real Estate Investment Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Wheeler Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(578.078-23.295)/653.702
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=601.734 - 23.656
=578.078

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=507.043 - 476.378 - 7.37
=23.295

Wheeler Real Estate Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(570.415-26.409)/601.734
=0.90

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=594.007 - 23.592
=570.415

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=502.606 - 469.245 - 6.952
=26.409

* 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 Scaled Net Operating Assets of 0.90 mean?
Wheeler Real Estate Investment Trust (WHLR) has a Scaled Net Operating Assets of 0.90 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Wheeler Real Estate Investment Trust and its competitors.
Is Wheeler Real Estate Investment Trust's Scaled Net Operating Assets too high?
Wheeler Real Estate Investment Trust's current Scaled Net Operating Assets is 0.90. 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 Scaled Net Operating Assets compare to GIPR and SQFT?
Wheeler Real Estate Investment Trust's Scaled Net Operating Assets of 0.90 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Wheeler Real Estate Investment Trust and its competitors. Wheeler Real Estate Investment Trust's current Scaled Net Operating Assets is 0.90. 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 Scaled Net Operating Assets of 0.90. The current Scaled Net Operating Assets is 0.90. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Wheeler Real Estate Investment Trust (WHLR), the current Scaled Net Operating Assets is 0.90 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

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