Wheeler Real Estate Investment Trust (WHLR) Balance Sheet: Assets & Liabilities

Wheeler Real Estate Investment Trust (WHLR) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Wheeler Real Estate Investment Trust reported total assets of $601.73M and total liabilities of $507.04M. Shareholders' equity was $63.44M, up 7.1% from $59.26M a year earlier. Total debt stood at $475.53M against $23.66M in cash and short-term investments, a net debt position of $451.87M. That puts debt-to-equity at 7.50, compared with 8.43 a year earlier.

Wheeler Real Estate Investment Trust Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Wheeler Real Estate Investment Trust, Inc. (WHLR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	23.66	42.96	18.40	28.49	22.90	7.66	5.45	18.00	12.29
Cash & Short-Term Investments	23.66	42.96	18.40	28.49	22.90	7.66	5.45	18.00	12.29
Accounts Receivable	15.76	14.69	13.13	13.54	9.23	9.15	6.91	10.54	12.36
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	4.55	17.75	21.40	27.37	19.57	48.18	17.88	-28.54	-24.64
Total Current Assets	68.94	75.41	52.93	69.41	51.70	64.99	30.23	0.00	0.00
Non-Current Assets
Property, Plant & Equipment (Net)	8.12	10.08	10.57	16.53	14.12	405.41	427.87	0.00	0.00
Long-Term Investments	24.41	12.03	10.69	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.49
Intangible Assets	6.91	11.81	19.06	28.59	10.80	17.03	24.60	35.38	41.85
Other Non-Current Assets	15.46	544.38	575.09	570.01	0.03	1.95	1.67	-35.38	-47.34
Total Non-Current Assets	532.80	578.29	615.40	615.13	413.58	424.39	454.13	0.00	0.00
Total Assets	601.73	653.70	668.33	684.54	465.28	489.38	484.37	508.08	457.67
Current Liabilities
Accounts Payable	14.64	17.13	17.07	18.40	11.05	11.23	9.56	12.12	10.58
Short-Term Debt	7.37	17.07	17.81	23.97	3.40	0.00	0.00	0.00	39.81
Other Current Liabilities	1.38	5.17	17.07	18.40	3.38	13.72	2.03	4.52	-33.54
Total Current Liabilities	23.39	28.25	34.88	42.37	17.83	24.95	11.58	16.64	16.85
Non-Current Liabilities
Long-Term Debt	468.16	482.61	487.90	482.51	333.28	347.47	352.83	370.24	316.99
Other Non-Current Liabilities	14.64	16.06	4.02	7.11	3.40	4.55	6.72	0.00	0.00
Total Non-Current Liabilities	483.65	508.80	491.93	489.62	351.10	352.02	359.55	370.24	316.99
Total Liabilities	507.04	537.05	526.80	531.98	368.93	376.97	371.13	386.87	333.84
Stockholders' Equity
Common Stock	0.01	0.00	0.00	0.01	0.10	0.10	0.10	0.10	0.09
Retained Earnings	-350.88	-347.03	-324.85	-295.62	-274.11	-260.87	-251.58	-233.18	-204.93
Accumulated Other Comprehensive Income	2.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Additional Paid-in Capital	311.98	276.42	258.11	235.08	234.23	234.06	233.87	233.70	226.98
Minority Interest	31.25	57.40	66.12	66.20	1.94	1.93	2.08	2.19	7.09
Shares Outstanding	0.00	0.00	0.00	0.00	0.00	-	-	-	-
Total Stockholders' Equity	63.44	59.26	75.41	86.36	94.41	110.48	111.15	119.02	116.74
Total Liabilities & Equity	601.73	653.70	668.33	684.54	465.28	489.38	484.37	508.08	457.67

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Wheeler Real Estate Investment Trust Balance Sheet

How much debt does Wheeler Real Estate Investment Trust have?

Wheeler Real Estate Investment Trust had total debt of $475.53M as of Dec 31, 2025, against $23.66M in cash and short-term investments. Its debt-to-equity ratio was 7.50. Total debt was $499.68M a year earlier.

What are Wheeler Real Estate Investment Trust's total assets?

Wheeler Real Estate Investment Trust reported total assets of $601.73M as of Dec 31, 2025, down 7.9% from $653.70M a year earlier. Total liabilities were $507.04M.

What is Wheeler Real Estate Investment Trust's shareholders' equity?

Wheeler Real Estate Investment Trust's shareholders' equity was $63.44M as of Dec 31, 2025, or about $24102.58 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition