Wheeler Real Estate Investment Trust (WHLRL) Operating Expenses (2011 - 2026)
Wheeler Real Estate Investment Trust (WHLRL) recorded quarterly Operating Expenses of $16.4 million in Q1 2026, down 9.1% quarter-over-quarter from $18.0 million in Q4 2025, and down 8.51% on a YoY basis from $17.9 million in Q1 2025.
Wheeler Real Estate Investment Trust (WHLRL) Operating Expenses (2011 - 2026) Analysis & Trends
Wheeler Real Estate Investment Trust's Operating Expenses history runs 16 years deep, the most recent figure standing at $16.4 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 8.51% year-over-year to $16.4 million; the TTM figure through Mar 2026 stood at $69.1 million (down 4.22% YoY), while the FY2025 annual figure was $70.6 million, down 2.78% from the prior year.
- Operating Expenses was $16.4 million for Q1 2026 at Wheeler Real Estate Investment Trust, down from $18.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $19.6 million in Q4 2022 to a low of $10.1 million in Q2 2022.
- Historically, Operating Expenses has averaged $17.0 million across 5 years, with a median of $18.0 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses decreased 16.32% in 2022, then soared 82.24% in 2023.
- A 5-year view of Operating Expenses shows it stood at $19.6 million in 2022, then declined by 2.81% to $19.0 million in 2023, then dropped by 2.67% to $18.5 million in 2024, then dropped by 2.83% to $18.0 million in 2025, then dropped by 9.1% to $16.4 million in 2026.
- The last three Operating Expenses figures came in at $16.4 million (Q1 2026), $18.0 million (Q4 2025), and $18.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Simon Property | 69.18 Bn | 69.56 Bn | 1.76 Bn | 900.79 Mn |
| 2 | Realty Income | 55.47 Bn | 56.16 Bn | - | 1.24 Bn |
| 3 | Kimco Realty | 17.00 Bn | 17.03 Bn | 447.43 Mn | 364.31 Mn |
| 4 | Regency Centers | 14.85 Bn | 14.97 Bn | - | 73.30 Mn |
| 5 | Federal Realty Investment Trust | 10.68 Bn | 10.75 Bn | 265.49 Mn | 220.41 Mn |
| 6 | Agree Realty | 8.92 Bn | 8.90 Bn | - | 104.48 Mn |
| 7 | Nnn Reit | 8.68 Bn | 8.68 Bn | - | 105.96 Mn |
| 8 | Essential Properties Realty Trust | 6.37 Bn | 6.38 Bn | - | 74.46 Mn |
| 9 | Macerich | 6.30 Bn | 6.10 Bn | 158.29 Mn | 278.05 Mn |
| 10 | Wheeler Real Estate Investment Trust | - | - | -897,000.00 | 16.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.38 Mn |
| Dec 31, 2025 | 18.02 Mn |
| Sep 30, 2025 | 18.33 Mn |
| Jun 30, 2025 | 16.34 Mn |
| Mar 31, 2025 | 17.90 Mn |
| Dec 31, 2024 | 18.54 Mn |
| Sep 30, 2024 | 17.98 Mn |
| Jun 30, 2024 | 17.68 Mn |
| Mar 31, 2024 | 18.39 Mn |
| Dec 31, 2023 | 19.05 Mn |
| Sep 30, 2023 | 18.12 Mn |
| Jun 30, 2023 | 18.46 Mn |
| Mar 31, 2023 | 19.49 Mn |
| Dec 31, 2022 | 19.60 Mn |
| Sep 30, 2022 | 14.13 Mn |
| Jun 30, 2022 | 10.13 Mn |
| Mar 31, 2022 | 10.79 Mn |
| Dec 31, 2021 | 11.10 Mn |
| Sep 30, 2021 | 10.46 Mn |
| Jun 30, 2021 | 12.11 Mn |