Filing Flows

Filing Flows › Companies › Wheeler Real Estate Investment Trust › Cash flow

Wheeler Real Estate Investment Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$5.4M in Q3 2026 · $11.4M over twelve months

Operating cash flow$7.3M
Capital spending−$1.9M
Free cash flow+$5.4M

Analysis

In Q3 2026, Wheeler Real Estate Investment Trust generated $7.3M of operating cash flow and spent $1.9M on capital projects, leaving free cash flow of $5.4M. That is $4.4M more than in Q3 2025 ($966K).

Over the twelve months to Sep 30, 2026, operating cash flow was $22.1M; the largest uses were net borrowing (+) / repaid (−) ($31.5M), other investing ($15.0M), capital spending ($10.7M); besides operations, cash came from asset & business sales ($47.4M); the cash balance rose by $6.7M.

Operating cash flow was $7.3M against net income of −$5.9M. The largest differences: depreciation & amortization +$5.0M, payables +$1.2M, prepaid and other assets −$977K.

Free cash flow

Wheeler Real Estate Investment Trust: free cash flow by quarterWheeler Real Estate Investment Trust: free cash flow by quarter$1.5MQ4 2024$2.4MQ1 2025$2.9MQ2 2025$966KQ3 2025−$2.2MQ4 2025$2.6MQ1 2026$5.6MQ2 2026$5.4MQ3 2026
Operating cash flow less capital spending.
Wheeler Real Estate Investment Trust: operating cash flow against capital spendingWheeler Real Estate Investment Trust: operating cash flow against capital spendingOperating cash flowCapital spending$5.4M$3.9MQ4 2024$4.4M$2.1MQ1 2025$8.9M$6.0MQ2 2025$5.4M$4.5MQ3 2025$2.4M$4.6MQ4 2025$4.5M$1.9MQ1 2026$8.0M$2.4MQ2 2026$7.3M$1.9MQ3 2026
Latest (Q3 2026): Operating cash flow $7.3M, Capital spending $1.9M.

Capital allocation, year by year

Wheeler Real Estate Investment Trust: where the cash came from (up) and went (down), by fiscal yearWheeler Real Estate Investment Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingDividendsFY2021: Operating cash flow $17.0MFY2021: Net borrowing −$7.7MFY2021: Capital spending −$6.4M$17.0MFY2021FY2022: Operating cash flow $30.8MFY2022: Net borrowing $400MFY2022: Capital spending −$8.5MFY2022: Dividends −$2.7M$431MFY2022FY2023: Operating cash flow $20.9MFY2023: Net borrowing $120MFY2023: Asset sales $2.8MFY2023: Capital spending −$20.0MFY2023: Dividends −$10.8M$144MFY2023FY2024: Operating cash flow $26.0MFY2024: Net borrowing $31.9MFY2024: Asset sales $38.5MFY2024: Capital spending −$22.5MFY2024: Dividends −$10.4M$96.4MFY2024FY2025: Operating cash flow $21.1MFY2025: Net borrowing $25.2MFY2025: Asset sales $59.2MFY2025: Capital spending −$17.1MFY2025: Dividends −$6.6M$106MFY2025
Over these 5 years operating cash flow totalled $116M; the largest uses were capital spending ($74.6M) and dividends ($30.4M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$34.5M
Debtnone
Net cash$34.5M
Due within a year$6.5M

Wheeler Real Estate Investment Trust funds itself: free cash flow was $11.4M over the last twelve months, with $34.5M of cash and investments and no debt on the balance sheet ($6.5M due within a year, 5.3× covered by cash).

Wheeler Real Estate Investment Trust: debt maturities by year (FY2025)Wheeler Real Estate Investment Trust: debt maturities by year (FY2025)$6.5MYear 1$2.8MYear 2$22.8MYear 3$25.2MYear 4$6.4MYear 5$419MAfter year 5
Principal due in each year as disclosed in the annual report, against $34.5M of cash and investments now.

Where the cash came from and went

Wheeler Real Estate Investment Trust: sources (+) and uses (−) of cash, Q3 2026Wheeler Real Estate Investment Trust: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$7.3MCash drawn (+) / kept (−)−$3.8MCapital spending−$1.9MDividends−$1.1MNet borrowing (+) / repaid (−)−$497K
Wheeler Real Estate Investment Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Wheeler Real Estate Investment Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Asset & business sales$47.4MNet borrowing (+) / repaid (−)−$31.5MOperating cash flow$22.1MOther investing−$15.0MCapital spending−$10.7MCash drawn (+) / kept (−)−$6.7MDividends−$4.8MOther financing−$808KPartners−$49K

From profit to cash

Wheeler Real Estate Investment Trust: net income to operating cash flow, Q3 2026Wheeler Real Estate Investment Trust: net income to operating cash flow, Q3 2026Net income−$5.9MDepreciation & amortization$5.0MReceivables$864KPayables$1.2MPrepaid and other assets−$977KOperating cash flow$7.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$7.3M−$1.9M−$1.1M−$497K−$3.8M$5.4M
Q2 2026$8.0M−$2.4M−$1.1M−$3.5M−$11.8M$5.6M
Q1 2026$4.5M−$1.9M−$1.3M−$7.7M$609K$2.6M
Q4 2025$2.4M−$4.6M−$1.3M−$19.8M$8.3M−$2.2M
Q3 2025$5.4M−$4.5M−$1.6M$10.2M$1.2M$966K
Q2 2025$8.9M−$6.0M−$1.6M$5.4M−$11.1M$2.9M
Q1 2025$4.4M−$2.1M−$2.1M−$10.5M$13.7M$2.4M
Q4 2024$5.4M−$3.9M−$2.4M—−$5.7M$1.5M

Wheeler Real Estate Investment Trust: income statement and cash flow

Wheeler Real Estate Investment Trust, Q3 2026: revenue $23.2M (-3% year over year), operating margin 34.2%. The chart follows the revenue to costs, profit and cash.

Wheeler Real Estate Investment Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.