Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031
Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.
Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) - Net Assets
Latest net assets as of March 2024: $132.99 Million USD
Based on the latest financial reports, Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) has net assets worth $132.99 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($667.61 Million) and total liabilities ($534.62 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $132.99 Million |
| % of Total Assets | 19.92% |
| Annual Growth Rate | 34.48% |
| 5-Year Change | 444.19% |
| 10-Year Change | 166.41% |
| Growth Volatility | 503.86 |
Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 - Net Assets Trend (2009–2023)
This chart illustrates how Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (2009–2023)
The table below shows the annual net assets of Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 from 2009 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $141.53 Million | +177.32% |
| 2022-12-31 | $51.03 Million | +1242.29% |
| 2021-12-31 | $3.80 Million | -77.43% |
| 2020-12-31 | $16.85 Million | -35.21% |
| 2019-12-31 | $26.01 Million | -78.54% |
| 2018-12-31 | $121.21 Million | +71.70% |
| 2017-12-31 | $70.60 Million | -32.89% |
| 2016-12-31 | $105.19 Million | -2.02% |
| 2015-12-31 | $107.37 Million | +102.11% |
| 2014-12-31 | $53.12 Million | +107.46% |
| 2013-12-31 | $25.61 Million | +57.75% |
| 2012-12-31 | $16.23 Million | +1615.87% |
| 2011-12-31 | $946.02K | -51.13% |
| 2010-12-31 | $1.94 Million | -13.47% |
| 2009-12-31 | $2.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 32026889400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $538.00K | 0.71% |
| Other Comprehensive Income | $-369.00K | -0.49% |
| Other Components | $400.10 Million | 530.55% |
| Total Equity | $75.41 Million | 100.00% |
Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 Competitors by Market Cap
The table below lists competitors of Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KDDL Limited
NSE:KDDL
|
$125.89 Million |
|
Mediwound Ltd
NASDAQ:MDWD
|
$125.89 Million |
|
MK Restaurant Group Public Company Limited
BK:M
|
$125.89 Million |
|
China Aircraft Leasing Group Holdings Limited
PINK:CFRLF
|
$125.92 Million |
|
Materialise NV
NASDAQ:MTLS
|
$125.87 Million |
|
Copley Acquisition Corp
NYSE:COPL
|
$125.83 Million |
|
CAC Holdings Corporation
F:CB4
|
$125.82 Million |
|
Zhejiang Hengwei Battery Co. Ltd.
SHE:301222
|
$125.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -15,162,000 to 75,412,000, a change of 90,574,000.
- Net loss of 4,687,000 reduced equity.
- Dividend payments of 10,752,000 reduced retained earnings.
- Other comprehensive income decreased equity by 369,000.
- Other factors increased equity by 106,382,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.69 Million | -6.22% |
| Dividends Paid | $10.75 Million | -14.26% |
| Other Comprehensive Income | $-369.00K | -0.49% |
| Other Changes | $106.38 Million | +141.07% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 8.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.89x to 8.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $5.42 | $97.00 | x |
| 2010-12-31 | $4.69 | $97.00 | x |
| 2011-12-31 | $2.29 | $97.00 | x |
| 2012-12-31 | $210.51 | $97.00 | x |
| 2013-12-31 | $318.58 | $97.00 | x |
| 2014-12-31 | $463.20 | $97.00 | x |
| 2015-12-31 | $201.88 | $97.00 | x |
| 2016-12-31 | $112.62 | $97.00 | x |
| 2017-12-31 | $73.38 | $97.00 | x |
| 2018-12-31 | $128.58 | $97.00 | x |
| 2019-12-31 | $24.74 | $97.00 | x |
| 2020-12-31 | $15.38 | $97.00 | x |
| 2021-12-31 | $1.92 | $97.00 | x |
| 2022-12-31 | $-15.53 | $97.00 | x |
| 2023-12-31 | $11.78 | $97.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.56%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 8.86x
- Recent ROE (-6.22%) is above the historical average (-54.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 8.00% | 3.97% | 0.15x | 13.45x | $-44.70K |
| 2010 | 5.07% | 2.08% | 0.14x | 16.90x | $-95.41K |
| 2011 | -57.45% | -11.07% | 0.15x | 33.91x | $-638.06K |
| 2012 | -13.37% | -47.73% | 0.05x | 6.06x | $-2.03 Million |
| 2013 | -19.89% | -42.04% | 0.07x | 6.81x | $-5.50 Million |
| 2014 | -24.78% | -61.48% | 0.09x | 4.71x | $-14.81 Million |
| 2015 | -17.83% | -63.17% | 0.09x | 3.20x | $-27.35 Million |
| 2016 | -11.81% | -25.37% | 0.09x | 5.16x | $-20.69 Million |
| 2017 | -19.04% | -20.66% | 0.13x | 7.21x | $-18.44 Million |
| 2018 | -13.86% | -25.11% | 0.13x | 4.27x | $-28.40 Million |
| 2019 | -34.04% | -12.89% | 0.13x | 20.24x | $-10.54 Million |
| 2020 | -105.97% | -25.91% | 0.12x | 32.80x | $-17.30 Million |
| 2021 | -502.47% | -15.25% | 0.13x | 250.02x | $-9.54 Million |
| 2022 | 0.00% | -28.06% | 0.11x | 0.00x | $-19.99 Million |
| 2023 | -6.22% | -4.56% | 0.15x | 8.86x | $-12.23 Million |
Industry Comparison
This section compares Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wheeler Real Estate Investment Trust Inc. 7.00% Senior Subordinated Convertible Notes Due 2031 (WHLRL) | $132.99 Million | 8.00% | 4.02x | $125.87 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |