Filing Flows › Wheeler Real Estate Investment Trust (WHLR) › Q1 2026
Wheeler Real Estate Investment Trust (WHLR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Wheeler Real Estate Investment Trust (WHLR) reported revenue of $24.0M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -5% from the quarter before. Operating margin was 42.4%, net loss $1.2M (4.9% of revenue).
Wheeler Real Estate Investment Trust, Q1 2026: revenue $24.0M (-1% year over year), operating margin 42.4%, net loss $1.2M, operating cash flow $4.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.0M | -5% | -1% |
| Operating profit | $10.2M | -4% | -16% |
| Net earnings | −$1.2M | -343% | -133% |
| Operating cash flow | $4.5M | +89% | +0.6% |
| Free cash flow | $2.6M | — | +10% |
What changed
Revenue was $24.0M in Q1 2026, down 1% year over year and down 5% from the previous quarter.
Operating profit was $10.2M, a 42.4% margin (down 7.4 points year over year). Total costs grew 13% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+17%). The quarter ended with a net loss of $1.2M, after a profit of $482K the previous quarter. Net interest and other expense of $11.4M was the main reason.
Operating cash flow was $4.5M (up 1% year over year). Non-cash charges added back $5.2M of depreciation and amortization. Working capital and other items added $406K. Capital expenditures of $1.9M left free cash flow of $2.6M.
Questions
What was Wheeler Real Estate Investment Trust's revenue in the first quarter 2026?
Wheeler Real Estate Investment Trust (WHLR) reported revenue of $24.0M for the first quarter 2026 (Q1 2026), -1% from a year earlier and -5% from the quarter before.
Was Wheeler Real Estate Investment Trust profitable in the first quarter 2026?
Operating profit was $10.2M (42.4% of revenue) and net loss $1.2M.
Source: Wheeler Real Estate Investment Trust 10-Q on SEC EDGAR.