Filing Flows › Wheeler Real Estate Investment Trust (WHLR) › Q1 2025
Wheeler Real Estate Investment Trust (WHLR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Wheeler Real Estate Investment Trust (WHLR) reported revenue of $24.4M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -12% from the quarter before. Operating margin was 49.9%, net earnings $3.5M (14.5% of revenue).
Wheeler Real Estate Investment Trust, Q1 2025: revenue $24.4M (-6% year over year), operating margin 49.9%, net earnings $3.5M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.4M | -12% | -6% |
| Operating profit | $12.1M | +162% | +62% |
| Net earnings | $3.5M | -91% | — |
| Operating cash flow | $4.4M | -18% | -15% |
| Free cash flow | $2.4M | +54% | +115% |
What changed
Revenue was $24.4M in Q1 2025, down 6% year over year and down 12% from the previous quarter.
Operating profit was $12.1M, a 49.9% margin (up 21.0 points year over year). Total costs fell 34% while revenue fell 6%. Net earnings were $3.5M. The effective tax rate was 0.5%.
Operating cash flow was $4.4M (down 15% year over year), 82% of net income including minority interests. Non-cash charges added back $6.2M of depreciation and amortization. Working capital and other items used $7.2M. Capital expenditures of $2.1M left free cash flow of $2.4M.
Questions
What was Wheeler Real Estate Investment Trust's revenue in the first quarter 2025?
Wheeler Real Estate Investment Trust (WHLR) reported revenue of $24.4M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -12% from the quarter before.
Was Wheeler Real Estate Investment Trust profitable in the first quarter 2025?
Operating profit was $12.1M (49.9% of revenue) and net earnings $3.5M.
Source: Wheeler Real Estate Investment Trust 10-Q on SEC EDGAR.