Wheeler Real Estate Investment Trust, Inc. WHLRP Income Statement

Wheeler real estate investment trust, inc. (WHLRP)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Sep'11
REVENUE:
Rental revenues
15,355	-	-	-	15,770	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental revenues
-	-	15,385	15,391	-	-	15,756	15,711	15,821	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental revenues
-	-	-	-	-	-	-	-	-	10,891	11,109	11,027	11,129	9,377	8,591	8,455	6,742	6,810	5,639	4,315	3,789	2,585	2,815	2,999	2,948	1,453	1,806	1,425	1,393	-	402	400	-	-
Asset management fees
-	-	16	13	-	46	48	47	125	120	145	500	162	232	163	205	255	123	132	121	212	296	0	0	0	-	-	-	-	-	-	-	-	-
Other revenues
219	-	-	-	225	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commissions
-	-	-	-	-	-	-	-	-	-	-	194	115	-	590	91	153	54	86	111	108	158	0	0	0	-	-	-	-	-	-	-	-	-
Rental revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	396	-
Other revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	133	-
Minimum rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	341
Percentage of sales rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	-	2,736	2,680	-	2,334	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72
Development and other revenues
-	-	-	-	-	-	-	-	-	-	-	262	236	-	233	2,333	1,988	-3,723	1,371	1,533	1,043	1,005	690	634	715	934	170	203	224	-	86	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107
Total Revenue
15,574	16,070	15,565	15,532	15,995	15,968	16,073	16,941	16,293	14,296	15,198	14,719	14,322	12,027	11,911	11,084	9,138	9,149	7,229	6,081	5,153	4,046	3,506	3,633	3,664	2,388	1,976	1,628	1,617	929	488	485	529	529
OPERATING EXPENSES:
Property operations
4,723	4,839	4,967	4,595	4,726	4,669	4,687	4,518	4,599	3,922	3,726	3,747	3,994	3,399	3,027	2,797	2,675	2,831	2,117	1,848	1,553	1,190	1,101	909	923	689	383	284	300	186	117	99	115	109
Non-REIT management and leasing services
0	0	1	1	23	16	23	0	36	-	618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-REIT management and leasing services
-	-	-	-	-	-	-	-	-	-	-	636	271	-	696	279	377	230	343	231	369	0	0	0	0	-	-	-	-	-	-	-	-	-
Depreciation and amortization
4,799	5,150	5,066	5,287	5,816	6,151	6,045	7,422	7,476	5,776	7,746	6,309	6,400	5,331	4,994	5,432	4,880	5,159	4,881	3,839	3,000	1,905	1,961	1,735	1,785	797	872	684	648	265	184	184	186	-
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	23	168	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for Loan and Lease Losses, Write-offs
-	-	0	5,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of assets held for sale
600	48	400	1,150	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	-	-	252	-	31	77	88	-	112	54	47	42	46	-28	0	36	32	22	15	-	0	0	-	-
Real estate taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24
Repairs and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	185
Advertising and promotion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11
Provision for credit losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20
Corporate general & administrative
1,872	2,090	1,349	1,380	1,814	1,749	1,703	2,268	2,508	2,509	1,306	1,317	2,232	3,633	1,497	2,512	2,282	2,746	4,851	3,508	2,308	4,204	3,024	1,385	832	-171	2,609	1,572	583	519	354	262	170	189
Total Operating Expenses
11,994	-	-	-	12,379	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cost and Expense, Operating
-	-	0	-	-	-	250	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11
Total Operating Expenses
-	-	11,783	17,410	-	23,748	12,708	14,208	14,619	19,248	13,419	12,177	13,149	12,807	10,245	11,097	10,302	10,996	12,307	9,482	7,280	7,341	6,133	4,002	3,541	1,352	3,897	2,565	1,547	997	656	547	472	573
Gain (Loss) on Sale of Properties
-26	-33	-81	-331	1,839	151	1,257	0	1,055	0	-1	1,022	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income
3,554	3,907	3,701	-2,209	5,455	-7,629	4,622	2,733	2,729	-4,952	1,778	3,564	1,173	-780	1,666	-13	-1,164	-1,847	-5,077	-3,400	-2,126	-3,295	-2,627	-368	123	1,035	-1,920	-936	70	-67	-168	-61	57	-44
Gain on disposal of properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
1	0	1	0	1	1	1	1	1	363	364	360	356	391	299	1	1	-	30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
4,400	4,591	4,654	4,947	4,793	5,288	5,183	5,180	4,577	4,168	4,250	4,570	4,177	3,555	3,639	3,742	2,420	2,593	2,328	1,979	2,142	1,511	1,491	1,536	1,368	519	592	446	549	372	198	197	197	185
Other expense
1,024	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (Loss) Income Before Income Taxes
-1,869	-	-952	-7,156	663	-	-560	-2,446	-1,847	-	-2,108	-646	-2,648	-	-1,674	-3,754	-3,583	-	-7,375	-5,379	-4,269	-	-4,118	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
8	-8	8	7	8	-32	30	17	25	-38	65	69	41	107	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Loss from Continuing Operations
-	-	-960	-7,163	-	-12,884	-590	-2,463	-1,872	-8,719	-2,173	-715	-2,689	-4,051	-1,674	-3,754	-3,583	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operations
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax
-	-	-	-	-	-	-	-	-	0	0	0	16	21	39	55	21	-	217	84	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Discontinued Operations
-	-	0	0	-	-	0	903	-	0	0	-11	1,513	-1	1	688	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income from Discontinued Operations
-	-	-	-	-	-	-	-	-	0	0	-11	1,529	20	40	743	21	2,255	217	84	46	-	117	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-1,877	-676	-960	-7,163	655	-	-590	-1,560	-	-8,719	-2,173	-726	-1,160	-4,031	-1,634	-3,011	-3,562	-2,096	-7,158	-5,295	-4,223	-4,592	-4,001	-1,905	-1,245	-0	-2,513	-1,382	-479	-440	-366	-259	-140	-
Less: Net (loss) income income attributable to noncontrolling interests
-9	-5	-1	-112	13	-336	12	-35	-47	-519	-111	-13	-41	-267	-122	-313	-333	78	-428	-440	-462	-539	-487	-81	-87	235	-793	-111	-45	-	-	0	-	-
Net (Loss) Income Attributable to Wheeler REIT
-1,868	-671	-959	-7,051	642	-12,548	-602	-1,525	-1,825	-8,200	-2,062	-713	-1,119	-3,764	-1,512	-2,698	-3,229	-2,174	-6,729	-4,855	-3,760	-4,053	-3,514	-1,823	-1,158	-235	-1,719	-1,270	-433	-396	-366	-259	-140	-230
Preferred Stock dividends - declared
-	-	0	0	-	169	3,208	3,206	3,207	2,496	2,496	2,494	2,483	2,450	1,240	512	511	511	2,279	8,334	2,502	1,165	1,088	423	40	39	79	22	0	-	-	0	-	-
Preferred Stock dividends - undeclared
3,657	-	3,657	3,658	3,657	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deemed dividend related to beneficial conversion feature of Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,124	59,520	-	-	0	0	-	-	-	-	-	-	-	-	-	-
Net Loss Attributable to Wheeler REIT Common Shareholders
-5,525	-4,328	-4,616	-10,709	-3,015	-15,754	-3,810	-4,731	-5,032	-10,696	-4,558	-3,207	-3,602	-6,214	-2,752	-3,210	-3,740	-2,686	-22,134	-72,709	-6,263	-5,219	-4,602	-2,247	-1,199	-275	-1,798	-1,293	-433	-	-366	-259	-	-
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
-	-	18	5	-	38	52	36	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenues
Non-lease revenues
-	-	146	123	-	-	217	1,147	333	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-