| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
REVENUE: | ||||||||
Rental revenues | ||||||||
62,442 | 63,036 | 44,156 | 33,165 | 20,554 | 11,348 | 6,078 | 1,963 | - |
Asset management fees | ||||||||
60 | 266 | 927 | 855 | 589 | 296 | 0 | - | - |
Commissions | ||||||||
- | - | - | - | 362 | 158 | 0 | - | - |
Minimum rent | ||||||||
- | - | - | - | - | - | - | - | 1,458 |
Percentage of sales rent | ||||||||
- | - | - | - | - | - | - | - | 6 |
Tenant reimbursements | ||||||||
- | - | - | - | 5,885 | - | - | - | 329 |
Development and other revenues | ||||||||
- | - | - | - | 225 | 3,046 | 1,533 | 470 | - |
Other income | ||||||||
- | - | - | - | - | - | - | - | 131 |
Total Revenue | ||||||||
63,162 | 65,275 | 58,535 | 44,160 | 27,615 | 14,850 | 7,611 | 2,433 | 1,925 |
OPERATING EXPENSES: | ||||||||
Property operations | ||||||||
19,127 | 18,473 | 15,389 | 11,898 | 8,351 | 4,123 | 1,658 | 519 | 352 |
Non-REIT management and leasing services | ||||||||
25 | 75 | 927 | 1,567 | - | - | - | - | - |
Non-REIT management and leasing services | ||||||||
- | - | - | - | 1,175 | 0 | 0 | - | - |
Depreciation and amortization | ||||||||
21,319 | 27,094 | 26,231 | 20,637 | 16,882 | 7,387 | 3,002 | 822 | - |
Impairment of goodwill | ||||||||
0 | 5,486 | 0 | 0 | - | - | - | - | - |
Provision for credit losses | ||||||||
- | - | 2,821 | 425 | 243 | - | - | - | - |
Allowance for Loan and Lease Losses, Write-offs | ||||||||
5,000 | 1,740 | 5,260 | 0 | 0 | - | - | - | - |
Impairment of real estate | ||||||||
0 | 3,938 | - | - | - | - | - | - | - |
Impairment of assets held for sale | ||||||||
1,598 | 0 | - | - | - | - | - | - | - |
Provision for credit losses | ||||||||
- | - | - | - | - | 60 | 106 | 25 | - |
Real estate taxes | ||||||||
- | - | - | - | - | - | - | - | 104 |
Repairs and maintenance | ||||||||
- | - | - | - | - | - | - | - | 63 |
Depreciation and amortization | ||||||||
- | - | - | - | - | - | - | - | 744 |
Provision for credit losses | ||||||||
- | - | - | - | - | - | - | - | 20 |
Corporate general & administrative | ||||||||
6,633 | 8,228 | 7,364 | 9,924 | 13,416 | 9,447 | 4,594 | 1,307 | 388 |
Other Cost and Expense, Operating | ||||||||
0 | 250 | 0 | 0 | - | - | - | - | - |
Total Operating Expenses | ||||||||
53,702 | 65,283 | 57,993 | 44,451 | 40,067 | 21,019 | 9,361 | 2,673 | 1,673 |
Gain (Loss) on Sale of Properties | ||||||||
1,394 | 2,463 | 1,021 | 0 | - | - | - | - | - |
Operating Income | ||||||||
10,854 | 2,455 | 1,563 | -291 | -12,452 | -6,168 | -1,750 | -239 | 251 |
Gain on disposal of properties | ||||||||
- | - | - | - | 0 | - | - | - | - |
Interest income | ||||||||
2 | 4 | 1,443 | 692 | 119 | 23 | - | - | - |
Interest expense | ||||||||
18,985 | 20,228 | 17,165 | 13,356 | 9,044 | 5,908 | 2,107 | 966 | 805 |
Net (Loss) Income Before Income Taxes | ||||||||
- | - | - | - | - | - | -3,857 | - | - |
Net Loss from Continuing Operations Before Income Taxes | ||||||||
-8,129 | -17,769 | -14,159 | -12,955 | -21,377 | -12,053 | - | - | - |
Income tax expense | ||||||||
15 | 40 | 137 | 107 | 0 | 0 | - | - | - |
Net Loss from Continuing Operations | ||||||||
-8,144 | -17,809 | -14,296 | -13,062 | -21,377 | -12,053 | - | - | - |
Discontinued Operations | ||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax | ||||||||
- | - | 16 | 136 | 500 | 307 | -517 | - | - |
Income from Discontinued Operations | ||||||||
- | - | 1,502 | 688 | 2,104 | 0 | 0 | - | - |
Net Income from Discontinued Operations | ||||||||
0 | 903 | 1,518 | 824 | 2,604 | 307 | -517 | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||
-8,144 | -16,906 | -12,778 | -12,238 | -18,773 | -11,745 | -4,375 | -1,205 | -554 |
Less: Net (loss) income income attributable to noncontrolling interests | ||||||||
-105 | -406 | -684 | -1,035 | -1,253 | -1,195 | -714 | -43 | - |
Net (Loss) Income Attributable to Wheeler REIT | ||||||||
-8,039 | -16,500 | -12,094 | -11,203 | -17,520 | -10,550 | -3,660 | -1,161 | -554 |
Preferred Stock dividends - declared | ||||||||
0 | 9,790 | 9,969 | 4,713 | 13,628 | 2,718 | 141 | 0 | - |
Preferred Stock dividends - undeclared | ||||||||
14,629 | 3,037 | 0 | 0 | - | - | - | - | - |
Deemed dividend related to beneficial conversion feature of Preferred Stock | ||||||||
- | - | - | - | 72,645 | 0 | 0 | - | - |
Net Loss Attributable to Wheeler REIT Common Shareholders | ||||||||
-22,668 | -29,327 | -22,063 | -15,916 | -103,793 | -13,268 | -3,801 | -1,161 | - |
Loss per share: | ||||||||
Loss per share from continuing operations (basic and diluted) (in dollars per share) | ||||||||
-2.34 | -3.26 | -2.70 | -1.98 | -21.78 | -1.83 | -0.74 | - | - |
Income per share from discontinued operations (in dollars per share) | ||||||||
0.00 | 0.09 | 0.16 | 0.09 | 0.46 | 0.03 | -0.08 | - | - |
Basic and Diluted (in dollars per share) | ||||||||
-2.34 | -3.17 | -2.54 | -1.89 | -21.32 | -1.80 | -0.82 | -0.35 | - |
Weighted-average number of shares: | ||||||||
Weighted-average number of shares: | ||||||||
Basic and Diluted (in shares) | ||||||||
9,671 | 9,256 | 8,654 | 8,420 | 4,867 | 7,352 | 4,620 | 3,301 | - |
Dividends declared per common share (in usd per share) | ||||||||
- | - | - | - | 1.82 | 0.42 | - | - | - |
Commissions | ||||||||
Non-lease revenues | ||||||||
65 | 140 | 899 | 964 | - | - | - | - | - |
Tenant reimbursements | ||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||
- | - | 11,032 | 8,649 | - | - | - | - | - |
Other revenues | ||||||||
Non-lease revenues | ||||||||
595 | 1,833 | 1,521 | 527 | - | - | - | - | - |