Is Wheeler Real Estate Investment Trust, Inc. overvalued or undervalued?

As of 11 September 2025, the valuation grade for Wheeler Real Estate Investment Trust, Inc. has moved from very attractive to attractive. The company appears to be overvalued based on its current financial metrics. Key ratios include a Price to Book Value of 0.05, an EV to EBIT of -1.65, and an EV to EBITDA of -0.86, indicating significant financial distress compared to peers.
In comparison to its peers, Strawberry Fields REIT, Inc. shows a much higher P/E ratio of 24.91, while Sotherly Hotels, Inc. has an EV to EBITDA of 0.1680, both suggesting that Wheeler is not performing well in its sector. Furthermore, the company's stock has dramatically underperformed against the S&P 500, with a year-to-date return of -99.67% compared to the index's 12.22%, reinforcing the notion of overvaluation.