Wheeler real estate investment trust, inc. (WHLR)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Sep'11
REVENUE:
Rental revenues

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental revenues

-

-

0

0

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental revenues

-

-

-

-

-

-

-

-

-

44,156

42,642

40,124

37,552

33,165

30,598

27,646

23,506

20,554

16,329

13,505

12,189

11,348

10,217

9,207

7,633

6,078

5,026

3,620

0

-

0

0

-

-

Asset management fees

-

-

88

120

-

266

340

437

890

927

1,039

1,057

762

855

746

715

631

589

762

629

508

296

0

0

0

-

-

-

-

-

-

-

-

-

Other revenues

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commissions

-

-

-

-

-

-

-

-

-

-

-

1,029

926

-

888

385

406

362

466

379

267

158

0

0

0

-

-

-

-

-

-

-

-

-

Rental revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Other revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Minimum rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Percentage of sales rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Tenant reimbursements

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Development and other revenues

-

-

-

-

-

-

-

-

-

-

-

-3,296

-1,225

-

830

1,969

1,169

225

4,954

4,273

3,374

3,046

2,975

2,454

2,023

1,533

685

0

0

-

0

-

-

-

Other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total Revenue

62,741

63,162

63,060

63,568

64,977

65,275

63,603

62,728

60,506

58,535

56,266

52,979

49,344

44,160

41,282

36,601

31,599

27,615

22,511

18,788

16,340

14,850

13,192

11,662

9,657

7,611

6,152

4,665

3,522

2,433

2,033

0

0

0

OPERATING EXPENSES:
Property operations

19,124

19,127

18,957

18,677

18,600

18,473

17,726

16,765

15,994

15,389

14,866

14,167

13,217

11,898

11,330

10,421

9,472

8,351

6,709

5,693

4,753

4,123

3,622

2,905

2,280

1,658

1,155

889

704

519

441

0

0

0

Non-REIT management and leasing services

2

25

41

63

62

75

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-REIT management and leasing services

-

-

-

-

-

-

-

-

-

-

-

1,818

1,461

-

1,582

1,229

1,182

1,175

944

601

369

0

0

0

0

-

-

-

-

-

-

-

-

-

Depreciation and amortization

20,302

21,319

22,320

23,299

25,434

27,094

26,719

28,420

27,307

26,231

25,786

23,034

22,157

20,637

20,465

20,353

18,761

16,882

13,627

10,706

8,603

7,387

6,279

5,191

4,139

3,002

2,470

1,783

1,283

822

0

0

0

-

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for Loan and Lease Losses, Write-offs

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of assets held for sale

2,198

1,598

1,550

1,150

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

-

-

0

-

224

306

283

-

256

190

108

60

55

40

91

106

69

37

0

-

0

0

-

-

Real estate taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repairs and maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Advertising and promotion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Corporate general & administrative

6,691

6,633

6,292

6,646

7,534

8,228

8,988

8,591

7,640

7,364

8,488

8,679

9,874

9,924

9,037

12,392

13,389

13,416

14,873

13,046

10,923

9,447

5,070

4,655

4,843

4,594

5,285

3,030

1,720

1,307

977

0

0

0

Total Operating Expenses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Cost and Expense, Operating

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total Operating Expenses

-

-

65,320

66,245

-

65,283

60,783

61,494

59,463

57,993

51,552

48,378

47,298

44,451

42,640

44,703

43,088

40,067

36,411

30,238

24,758

21,019

15,029

12,792

11,355

9,361

9,007

5,766

3,749

2,673

2,250

0

0

0

Gain (Loss) on Sale of Properties

-471

1,394

1,578

2,916

3,247

2,463

2,312

1,054

2,076

1,021

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income

8,953

10,854

-682

239

5,181

2,455

5,132

2,288

3,119

1,563

5,735

5,623

2,046

-291

-1,358

-8,101

-11,489

-12,452

-13,900

-11,449

-8,418

-6,168

-1,836

-1,130

-1,697

-1,750

-2,854

-1,101

-227

-239

-216

0

0

0

Gain on disposal of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

2

2

3

3

4

4

366

729

1,088

1,443

1,471

1,406

1,047

692

331

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

18,592

18,985

19,682

20,211

20,444

20,228

19,108

18,175

17,565

17,165

16,552

15,941

15,113

13,356

12,394

11,084

9,321

9,044

7,961

7,124

6,682

5,908

4,916

4,017

2,926

2,107

1,960

1,566

1,317

966

779

0

0

0

Other expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Loss) Income Before Income Taxes

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Income tax expense

15

15

-9

13

23

40

34

69

121

137

282

217

148

107

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Loss from Continuing Operations

-

-

-20,352

-19,982

-

-17,809

-13,644

-15,227

-13,479

-14,296

-9,628

-9,129

-12,168

-13,062

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operations
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax

-

-

-

-

-

-

-

-

-

16

37

76

131

136

332

377

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from Discontinued Operations

-

-

0

0

-

-

0

0

-

1,502

1,501

1,502

2,201

688

689

688

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income from Discontinued Operations

-

-

-

-

-

-

-

-

-

1,518

1,538

1,578

2,332

824

3,059

3,237

2,578

2,604

465

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-10,676

-8,144

-8,058

-8,658

0

-

0

0

-

-12,778

-8,090

-7,551

-9,836

-12,238

-10,303

-15,827

-18,111

-18,773

-21,269

-18,112

-14,723

-11,745

-7,153

-5,665

-5,141

-4,375

-4,814

-2,667

-1,544

-1,205

0

0

0

-

Less: Net (loss) income income attributable to noncontrolling interests

-127

-105

-436

-423

-346

-406

-589

-712

-690

-684

-432

-443

-743

-1,035

-689

-996

-1,123

-1,253

-1,870

-1,929

-1,570

-1,195

-420

-726

-756

-714

0

0

0

-

-

0

-

-

Net (Loss) Income Attributable to Wheeler REIT

-10,549

-8,039

-19,916

-19,559

-14,033

-16,500

-12,152

-13,612

-12,800

-12,094

-7,658

-7,108

-9,093

-11,203

-9,613

-14,831

-16,988

-17,520

-19,398

-16,183

-13,152

-10,550

-6,733

-4,938

-4,385

-3,660

-3,820

-2,467

-1,455

-1,161

-996

0

0

0

Preferred Stock dividends - declared

-

-

169

3,377

-

9,790

12,117

11,405

10,693

9,969

9,923

8,667

6,685

4,713

2,774

3,814

11,636

13,628

14,282

13,090

5,179

2,718

1,592

583

182

141

0

0

0

-

-

0

-

-

Preferred Stock dividends - undeclared

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deemed dividend related to beneficial conversion feature of Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

Net Loss Attributable to Wheeler REIT Common Shareholders

-25,178

-22,668

-34,094

-33,288

-27,310

-29,327

-24,269

-25,017

-23,493

-22,063

-17,581

-15,775

-15,778

-15,916

-12,388

-31,770

-101,269

-103,793

-106,325

-88,793

-18,332

-13,268

-8,325

-5,521

-4,567

-3,801

-3,891

-2,352

0

-

0

0

-

-

Loss per share:
Loss per share from continuing operations (basic and diluted) (in dollars per share)

-

-

-0.48

-1.10

-

-1.67

-0.41

-0.61

-0.57

-1.22

-0.52

-0.37

-0.59

-0.75

-0.32

-0.46

-0.45

-16.49

-0.35

-4.13

-0.81

-

-0.64

-

-

-

-

-

-

-

-

-

-

-

Income per share from discontinued operations (in dollars per share)

-

-

0.00

0.00

-

-

0.00

0.10

-

-0.01

0.00

0.00

0.17

0.01

0.00

0.08

0.00

0.45

0.00

0.00

0.01

-

0.02

-

-

-

-

-

-

-

-

-

-

-

Basic and Diluted (in dollars per share)

-0.57

-0.45

-0.48

-1.10

-0.31

-

-0.41

-0.51

-

-1.23

-0.52

-0.37

-0.42

-0.74

-0.32

-0.38

-0.45

-16.04

-0.35

-4.13

-0.80

-0.70

-0.62

-0.31

-0.17

0.08

-0.38

-0.39

-0.13

-

-0.11

-0.08

-

-

Weighted-average number of shares:
Weighted-average number of shares:
Basic and Diluted (in shares)

9,694

9,694

9,693

9,693

9,606

9,492

9,385

9,246

8,900

8,741

8,692

8,628

8,554

8,499

8,487

8,410

8,284

-69,193

63,262

17,594

7,806

7,463

7,430

7,329

7,185

7,164

4,715

3,301

3,301

-

3,301

3,301

-

-

Dividends declared per common share (in usd per share)

-

-

-

-

-

-

-

-

-

-

-

0.34

0.42

-

0.42

0.42

0.42

1.61

0.05

0.07

0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

Commissions
Non-lease revenues

-

-

103

137

-

140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenues
Non-lease revenues

-

-

0

0

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-