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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and Wheeler Real Estate Investment Trust, Inc. (WHLR). Click either name above to swap in a different company.

Wheeler Real Estate Investment Trust, Inc. is the larger business by last-quarter revenue ($25.2M vs $18.2M, roughly 1.4× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -80.5%, a 82.7% gap on every dollar of revenue. On growth, FrontView REIT, Inc. posted the faster year-over-year revenue change (12.0% vs -8.8%).

Cedar Realty Trust, Inc. is a real estate investment trust that invests in shopping centers. It is a subsidiary of Wheeler Real Estate Investment Trust. As of December 31, 2022, the company owned 19 properties with 2.9 million square feet of leasable space primarily in the Northeastern United States, including 7 properties in Pennsylvania. The company's major tenants are TJX Companies, Kohl's, Shaw's, Dollar Tree, and Walmart. The only notable property owned by the company is The Shoppes at T...

FVR vs WHLR — Head-to-Head

Bigger by revenue
WHLR
WHLR
1.4× larger
WHLR
$25.2M
$18.2M
FVR
Growing faster (revenue YoY)
FVR
FVR
+20.7% gap
FVR
12.0%
-8.8%
WHLR
Higher net margin
FVR
FVR
82.7% more per $
FVR
2.2%
-80.5%
WHLR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FVR
FVR
WHLR
WHLR
Revenue
$18.2M
$25.2M
Net Profit
$400.0K
$-819.0K
Gross Margin
Operating Margin
24.9%
42.2%
Net Margin
2.2%
-80.5%
Revenue YoY
12.0%
-8.8%
Net Profit YoY
-102.2%
EPS (diluted)
$-3.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FVR
FVR
WHLR
WHLR
Q1 26
$18.2M
Q4 25
$16.5M
$25.2M
Q3 25
$16.8M
$23.8M
Q2 25
$17.6M
$26.1M
Q1 25
$16.2M
$24.4M
Q4 24
$27.6M
Q3 24
$14.5M
$24.8M
Q2 24
$26.3M
Net Profit
FVR
FVR
WHLR
WHLR
Q1 26
$400.0K
Q4 25
$-4.1M
$-819.0K
Q3 25
$4.0M
$11.5M
Q2 25
$-2.9M
$-2.4M
Q1 25
$-833.0K
$509.0K
Q4 24
$37.5M
Q3 24
$-2.4M
$-33.3M
Q2 24
$-5.1M
Operating Margin
FVR
FVR
WHLR
WHLR
Q1 26
24.9%
Q4 25
42.2%
Q3 25
23.1%
Q2 25
57.3%
Q1 25
49.9%
Q4 24
16.8%
Q3 24
56.0%
Q2 24
43.8%
Net Margin
FVR
FVR
WHLR
WHLR
Q1 26
2.2%
Q4 25
-24.9%
-80.5%
Q3 25
23.9%
48.4%
Q2 25
-16.5%
-9.4%
Q1 25
-5.1%
2.1%
Q4 24
3374.0%
Q3 24
-16.7%
-134.4%
Q2 24
-19.2%
EPS (diluted)
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
$-0.19
$-3.32
Q3 25
$0.19
$-0.83
Q2 25
$-0.16
$-9.45
Q1 25
$-0.06
$-22.41
Q4 24
$-202743.05
Q3 24
$-129727.27
Q2 24
$-11554.90

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FVR
FVR
WHLR
WHLR
Cash + ST InvestmentsLiquidity on hand
$9.3M
$23.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$514.2M
$234.0K
Total Assets
$869.8M
$601.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
WHLR
WHLR
Q1 26
$9.3M
Q4 25
$13.5M
$23.7M
Q3 25
$19.6M
$27.1M
Q2 25
$8.4M
$28.1M
Q1 25
$3.3M
$19.2M
Q4 24
$43.0M
Q3 24
$37.1M
Q2 24
$19.6M
Total Debt
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FVR
FVR
WHLR
WHLR
Q1 26
$514.2M
Q4 25
$391.2M
$234.0K
Q3 25
$385.2M
$-3.9M
Q2 25
$369.9M
$-18.5M
Q1 25
$324.7M
$-22.0M
Q4 24
$-25.4M
Q3 24
$1.0K
$-67.9M
Q2 24
$-36.4M
Total Assets
FVR
FVR
WHLR
WHLR
Q1 26
$869.8M
Q4 25
$854.4M
$601.7M
Q3 25
$846.8M
$625.2M
Q2 25
$856.5M
$625.9M
Q1 25
$860.8M
$624.8M
Q4 24
$653.7M
Q3 24
$1.0K
$673.2M
Q2 24
$670.3M
Debt / Equity
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVR
FVR
WHLR
WHLR
Operating Cash FlowLast quarter
$21.1M
Free Cash FlowOCF − Capex
$4.0M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
68.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
$42.1M
$21.1M
Q3 25
$8.3M
$5.4M
Q2 25
$9.3M
$8.9M
Q1 25
$8.1M
$4.4M
Q4 24
$26.0M
Q3 24
$7.5M
Q2 24
$7.9M
Free Cash Flow
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
$4.0M
Q3 25
$966.0K
Q2 25
$2.9M
Q1 25
$2.4M
Q4 24
$3.5M
Q3 24
$715.0K
Q2 24
$115.0K
FCF Margin
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
16.0%
Q3 25
4.1%
Q2 25
11.1%
Q1 25
9.7%
Q4 24
12.5%
Q3 24
2.9%
Q2 24
0.4%
Capex Intensity
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
68.0%
Q3 25
18.8%
Q2 25
23.0%
Q1 25
8.5%
Q4 24
81.6%
Q3 24
27.3%
Q2 24
29.5%
Cash Conversion
FVR
FVR
WHLR
WHLR
Q1 26
Q4 25
Q3 25
2.06×
0.47×
Q2 25
Q1 25
8.72×
Q4 24
0.69×
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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