Demonstrações financeiras detalhadas de Wheeler Real Estate Investment Trust, Inc. (WHLRP): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Wheeler Real Estate Investment Trust, Inc. registou receitas de $99.4M no último exercício, com um CAGR de 5 anos de 10.3%. O lucro líquido atingiu $8.8M, com CAGR de 5 anos de 104.5%.
Margens dos últimos 12 meses: margem bruta 45.6%, margem operacional 36.0%, margem líquida 17.7%. O fluxo de caixa livre cresceu a CAGR de -21.5% em 5 anos.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $44.2M | $58.5M | $65.8M | $63.0M | $60.8M | $61.3M | $76.6M | $102.3M | $104.6M | $99.4M |
| Custo da Receita | $32.5M | $41.6M | $45.6M | $19.1M | $18.9M | $19.6M | $25.7M | $34.9M | $35.1M | $33.0M |
| Lucro Bruto | $11.6M | $16.9M | $20.2M | $43.9M | $41.9M | $41.7M | $50.9M | $67.5M | $69.5M | $66.4M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $11.5M | $6.3M | $8.3M | $6.7M | $5.8M | $7.1M | $8.6M | $11.8M | $11.0M | $11.7M |
| Despesas Operacionais | $6.6M | $14.3M | $6.1M | $33.1M | $23.5M | $22.2M | $26.3M | $38.0M | $31.9M | $34.7M |
| Lucro Operacional | $5.0M | $2.6M | $14.2M | $10.9M | $18.4M | $19.5M | $24.6M | $29.4M | $37.5M | $31.7M |
| EBITDA | $25.6M | $28.8M | $41.2M | $36.1M | $35.8M | $38.5M | $32.5M | $62.3M | $55.6M | $68.9M |
| Despesas com Juros | 0 | 0 | 0 | 0 | 0 | $33.0M | $21.4M | $27.7M | 0 | $31.1M |
| Lucro Antes de Impostos | -$13.0M | -$14.2M | -$17.8M | -$8.1M | $287000 | -$9.3M | -$8.5M | $6.1M | $768000 | $14.9M |
| Imposto | $107464 | $137000 | $40000 | $15000 | 0 | $2000 | 0 | $48000 | $1000 | $26000 |
| Lucro Líquido | -$11.9M | -$13.6M | -$16.5M | -$8.0M | $245000 | -$9.4M | -$12.5M | -$4.7M | -$9.6M | $8.8M |
| LPA | $-3577851640.00 | $-4940502360.00 | $-5925667140.00 | $-4252427440.00 | $-1737451300.00 | $-2473517100.00 | $-3998447740.00 | $-828805220.00 | $-261942449640.00 | $4922.12 |
| LPA Diluído | $-3577851640.00 | $-4940502360.00 | $-5925667140.00 | $-4252427440.00 | $-1737451300.00 | $-2473517100.00 | $-3998447740.00 | $-828805220.00 | $-261942449640.00 | $4922.12 |
| Ações em Circulação (Diluídas) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1782 |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $23.8M | $25.2M | $24.3M | $22.7M |
| Lucro Bruto | $16.0M | $16.6M | $5.4M | $5.7M |
| Lucro Operacional | $8.0M | $7.5M | $4.3M | $14.8M |
| EBITDA | $27.3M | $14.8M | $11.4M | $22.8M |
| Lucro Líquido | $11.5M | -$819000 | -$2.4M | $8.6M |
| LPA | $6614.00 | $-1442.20 | $-291.00 | $409.97 |
| LPA Diluído | $495.00 | $-1442.20 | $-291.00 | $5.76 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $14.5M | $12.3M | $18.0M | $5.5M | $7.7M | $22.9M | $28.5M | $18.4M | $43.0M | $23.7M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $17.4M | $12.4M | $10.5M | $6.9M | $9.2M | $9.2M | $13.5M | $13.1M | $14.7M | $15.8M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | 0 | 0 | 0 | $30.2M | $65.0M | $51.7M | $69.4M | $52.9M | $75.4M | $68.9M |
| Imobilizado | 0 | 0 | 0 | $427.9M | $405.4M | $14.1M | $16.5M | $10.6M | $10.1M | $8.1M |
| Ágio | $5.5M | $5.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $60.8M | $41.9M | $35.4M | $24.6M | $17.0M | $10.8M | $28.6M | $19.1M | $11.8M | $6.9M |
| Ativos Totais | $489.0M | $457.7M | $508.1M | $484.4M | $489.4M | $465.3M | $684.5M | $668.3M | $653.7M | $601.7M |
| Contas a Pagar | $7.7M | $10.6M | $12.1M | $9.6M | $11.2M | $11.1M | $18.4M | $17.1M | $17.1M | 0 |
| Dívida de Curto Prazo | $17.4M | $39.8M | 0 | 0 | 0 | 0 | 0 | 0 | $6.0M | 0 |
| Passivos Circulantes | $12.7M | $16.9M | $16.6M | $11.6M | $24.9M | $17.8M | $42.4M | $34.9M | $28.3M | $23.4M |
| Dívida de Longo Prazo | $306.0M | $307.4M | $360.2M | $340.9M | $334.3M | $333.3M | $466.0M | $477.6M | $476.7M | $468.2M |
| Passivos Totais | $331.3M | $333.8M | $386.9M | $371.1M | $377.0M | $368.9M | $532.0M | $526.8M | $537.0M | $507.0M |
| Reservas | -$170.4M | -$204.9M | -$233.2M | -$251.6M | -$260.9M | -$274.1M | -$295.6M | -$324.9M | -$347.0M | -$350.9M |
| Patrimônio Líquido | $147.4M | $116.7M | $119.0M | $111.2M | $110.5M | $94.4M | $86.4M | $75.4M | $59.3M | $63.4M |
| Dívida Total | $318.7M | $317.7M | $370.2M | $352.8M | $347.5M | $349.7M | $506.5M | $505.7M | $492.7M | $483.7M |
| Dívida Líquida | $304.1M | $305.5M | $352.2M | $347.4M | $339.8M | $326.8M | $478.0M | $487.3M | $449.8M | $460.1M |
| Capital de Giro | -$12.7M | -$16.9M | -$16.6M | $18.6M | $40.0M | $33.9M | $27.0M | $18.1M | $47.2M | $45.5M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $27.1M | $23.7M | $23.6M | $31.9M |
| Ativos Totais | $625.2M | $601.7M | $594.0M | $593.4M |
| Passivos Totais | $532.8M | $507.0M | $502.6M | $490.2M |
| Patrimônio Líquido | $60.6M | $63.4M | $63.0M | $76.2M |
| Dívida Total | $504.9M | $483.7M | $476.2M | $466.2M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$12.0M | -$13.6M | -$17.4M | -$8.0M | $245000 | -$9.4M | -$8.5M | -$4.7M | -$9.6M | $14.8M |
| Depreciação e Amortização | $20.6M | $26.2M | $27.1M | $21.3M | $17.3M | $14.8M | $17.5M | $28.5M | $25.3M | $22.9M |
| Compensação em Ações | 0 | 0 | 0 | 0 | 0 | $14000 | 0 | 0 | 0 | 0 |
| Variação Capital de Giro | -$642828 | $387000 | $880000 | -$4.2M | -$4.3M | $497000 | $11.0M | -$1.5M | -$3.4M | -$4.7M |
| Fluxo de Caixa Operacional | $11.1M | $23.8M | $22.0M | $15.3M | $15.8M | $17.0M | $30.8M | $20.9M | $26.0M | $21.1M |
| CapEx | -$2.0M | -$7.4M | -$5.6M | -$2.7M | -$2.3M | -$6.4M | -$8.5M | -$20.0M | -$22.5M | -$17.1M |
| Aquisições | 0 | $1.9M | $2.7M | $19000 | 0 | 0 | 0 | 0 | -$11.5M | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | -$1.1M | -$8.3M | 0 | 0 | 0 | 0 |
| Dividendos Pagos | -$17.7M | -$20.7M | -$14.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $9.1M | $16.5M | $16.4M | $12.5M | $13.5M | $10.6M | $22.2M | $913000 | $3.5M | $4.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $5.4M | $2.4M | $4.5M | $8.0M |
| CapEx | -$4.5M | -$4.6M | -$1.9M | -$2.4M |
| Fluxo de Caixa Livre | $966000 | -$2.2M | $2.6M | $5.6M |
| Dividendos Pagos | -$1.6M | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +32.6% | +12.4% | -4.2% | -3.5% | +0.8% | +25.0% | +33.5% | +2.2% | -4.9% |
| Crescimento Lucro Líquido (anual) | | -14.3% | -21.4% | +51.3% | +103.0% | -3954.3% | -31.9% | +62.4% | -104.3% | +191.6% |
| Crescimento LPA (anual) | | -38.1% | -19.9% | +28.2% | +59.1% | -42.4% | -61.7% | +79.3% | -31504.8% | +100.0% |
| Crescimento FCF (anual) | | +80.2% | -0.3% | -23.7% | +7.7% | -21.3% | +109.3% | -95.9% | +279.2% | +16.3% |
| Margem Bruta | 26.3% | 28.9% | 30.7% | 69.7% | 69.0% | 68.0% | 66.4% | 65.9% | 66.4% | 66.8% |
| Margem Operacional | 11.3% | 4.4% | 21.5% | 17.2% | 30.3% | 31.8% | 32.1% | 28.7% | 35.9% | 31.9% |
| Margem EBITDA | 58.1% | 49.2% | 62.7% | 57.3% | 58.9% | 62.8% | 42.4% | 60.9% | 53.2% | 69.3% |
| Margem Líquida | -26.9% | -23.2% | -25.1% | -12.8% | 0.4% | -15.4% | -16.2% | -4.6% | -9.2% | 8.8% |
| Margem FCF | 20.7% | 28.1% | 25.0% | 19.9% | 22.2% | 17.3% | 29.0% | 0.9% | 3.3% | 4.0% |
| Taxa Efetiva de Imposto | -0.8% | -1.0% | -0.2% | -0.2% | 0.0% | -0.0% | -0.0% | 0.8% | 0.1% | 0.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | | | | | | | | | | $2259.26 |
| Dividendo por Ação | | | | | | | | | | $0.00 |
| Ações em Circulação (Básicas) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1782 |
O que olhar em empresas de Real Estate
- FFO / Ação (Crescimento positivo) — O 'EPS real' de um REIT — lucro + depreciação.
- Cobertura do dividendo (FFO/div) (≥1,1x) — O FFO deve cobrir o dividendo com margem.
- Dívida Líquida / EBITDA (≤6x) — Referência NAREIT. Normaliza alavancagem pela geração de caixa.
- Dívida / Ativos (40-60%) — REITs usam muita dívida por design. >65% frágil em subidas de juros.
- FFO Payout (proxy) (<80%) — Dividendos / Cash Flow operacional. REITs de qualidade retêm >20%.
- P/FFO (15-20x) — O P/L equivalente para REITs. Faixa típica saudável.
Rentabilidade
| Margem bruta | 45.55% |
| Margem operacional | 36.01% |
| Margem líquida | 17.66% |
Saúde financeira
| Dívida / Patrimônio | 6.12 |
| Liquidez corrente | 75.71 |
| Piotroski F-Score | 6 |
| Altman Z-Score | -0.38 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.25 |
| P/VP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 |
| P/V | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 |
| Margem Bruta | 26.3% | 28.9% | 30.7% | 69.7% | 69.0% | 68.0% | 66.4% | 65.9% | 66.4% | 66.8% |
| Margem Operacional | 11.3% | 4.4% | 21.5% | 17.2% | 30.3% | 31.8% | 32.1% | 28.7% | 35.9% | 31.9% |
| Margem Líquida | -26.9% | -23.2% | -25.1% | -12.8% | 0.4% | -15.4% | -16.2% | -4.6% | -9.2% | 8.8% |