Filing Flows › Wheeler Real Estate Investment Trust (WHLR) › Q2 2025
Wheeler Real Estate Investment Trust (WHLR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Wheeler Real Estate Investment Trust (WHLR) reported revenue of $26.1M for the second quarter 2025 (Q2 2025), -0.8% from a year earlier and +7% from the quarter before. Operating margin was 57.3%, net loss $1.0M (3.8% of revenue).
Wheeler Real Estate Investment Trust, Q2 2025: revenue $26.1M (-0.8% year over year), operating margin 57.3%, net loss $1.0M, operating cash flow $8.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.1M | +7% | -0.8% |
| Operating profit | $15.0M | +23% | — |
| Net earnings | −$1.0M | -128% | — |
| Operating cash flow | $8.9M | +100% | +13% |
| Free cash flow | $2.9M | +22% | 25× |
What changed
Revenue was $26.1M in Q2 2025, down 1% year over year and up 7% from the previous quarter.
Operating profit was $15.0M, a 57.3% margin (up 13.5 points year over year). Total costs fell 25% while revenue fell 1%. The quarter ended with a net loss of $1.0M, after a profit of $2.4M the previous quarter. Net interest and other expense of $16.0M was the main reason.
Operating cash flow was $8.9M (up 13% year over year). Non-cash charges added back $5.8M of depreciation and amortization. Working capital and other items added $4.1M. Capital expenditures of $6.0M left free cash flow of $2.9M.
Questions
What was Wheeler Real Estate Investment Trust's revenue in the second quarter 2025?
Wheeler Real Estate Investment Trust (WHLR) reported revenue of $26.1M for the second quarter 2025 (Q2 2025), -0.8% from a year earlier and +7% from the quarter before.
Was Wheeler Real Estate Investment Trust profitable in the second quarter 2025?
Operating profit was $15.0M (57.3% of revenue) and net loss $1.0M.
Source: Wheeler Real Estate Investment Trust 10-Q on SEC EDGAR.