Wheeler Real Estate Investment Trust, Inc. (WHLRL) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
RIVERSEDGE NORTH VIRGINIA BEACH, VA 23452 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 42,964 | 18,404 | 28,491 | 22,898 | 7,660 | 5,451 | |||
| Cash and cash equivalent | 42,964 | 18,404 | 28,491 | 22,898 | 7,660 | 5,451 | |||
| Receivables | 13,544 | 9,233 | 9,153 | 6,905 | |||||
| Disposal group, including discontinued operation | 2,047 | 13,072 | 1,737 | ||||||
| Total current assets: | 42,964 | 18,404 | 42,035 | 34,178 | 29,885 | 14,093 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 9,235 | 9,450 | 15,133 | 12,455 | 12,745 | 11,651 | |||
| Long-term investments and receivables | 12,025 | 10,685 | |||||||
| Long-term investments | 12,025 | 10,685 | |||||||
| Intangible assets, net (including goodwill) | 18,163 | 25,801 | 34,403 | 11,527 | 14,838 | 20,437 | |||
| Intangible assets, net (excluding goodwill) | 18,163 | 25,801 | 34,403 | 11,527 | 14,838 | 20,437 | |||
| Total noncurrent assets: | 39,423 | 45,936 | 49,536 | 23,982 | 27,583 | 32,088 | |||
| Other undisclosed assets | 571,315 | 603,992 | 592,965 | 407,121 | 431,911 | 438,184 | |||
| TOTAL ASSETS: | 653,702 | 668,332 | 684,536 | 465,281 | 489,379 | 484,365 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 13,040 | 13,200 | 11,921 | ||||||
| Liabilities, other than long-term debt | 11,121 | 17,814 | 40,446 | 6,778 | 17,678 | 8,742 | |||
| Off-market lease, unfavorable | 11,121 | 17,814 | 23,968 | 3,397 | 4,554 | 6,716 | |||
| Disposal group, including discontinued operation, liabilities | 3,381 | 13,124 | 2,026 | ||||||
| Operating lease, liability | 16,478 | 13,040 | 13,200 | 11,921 | |||||
| Total noncurrent liabilities: | 11,121 | 17,814 | 40,446 | 19,818 | 30,878 | 20,663 | |||
| Other undisclosed liabilities | 525,927 | 508,990 | 491,538 | 349,113 | 346,089 | 350,470 | |||
| Total liabilities: | 537,048 | 526,804 | 531,984 | 368,931 | 376,967 | 371,133 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (25,369) | (21,293) | (15,162) | 1,861 | 14,918 | 23,927 | |||
| Common stock | 3 | 538 | 98 | 97 | 97 | 97 | |||
| Additional paid in capital | 276,413 | 257,572 | 234,993 | 234,229 | 234,061 | 233,870 | |||
| Accumulated other comprehensive income | |||||||||
| Accumulated deficit | (347,029) | (324,854) | (295,617) | (274,107) | (260,867) | (251,580) | |||
| Warrants and rights outstanding | 11,985 | 3,653 | 7,111 | 4,776 | 594 | ||||
| Other undisclosed equity, attributable to parent | 33,259 | 41,798 | 38,253 | 36,866 | 41,033 | 41,540 | |||
| Equity, attributable to noncontrolling interest | 57,398 | 66,116 | 66,196 | 1,941 | 1,931 | 2,080 | |||
| Total equity: | 32,029 | 44,823 | 51,034 | 3,802 | 16,849 | 26,007 | |||
| Other undisclosed liabilities and equity | 84,625 | 96,705 | 101,518 | 92,548 | 95,563 | 87,225 | |||
| TOTAL LIABILITIES AND EQUITY: | 653,702 | 668,332 | 684,536 | 465,281 | 489,379 | 484,365 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 104,574 | 102,325 | 76,645 | 61,310 | 61,003 | 63,162 | ||
| Operating lease, lease income | 102,408 | 100,332 | 75,195 | 60,368 | ||||
| Cost of revenue | (35,100) | (34,870) | (25,731) | (19,618) | (18,886) | (25) | ||
| Cost of product and service sold | (25) | |||||||
| Gross profit: | 69,474 | 67,455 | 50,914 | 41,692 | 42,117 | 63,137 | ||
| Operating expenses | (37,493) | (40,252) | (28,920) | (24,237) | (23,722) | (53,702) | ||
| Other undisclosed operating income | 5,550 | 2,204 | 2,604 | 2,055 | 23 | 1,419 | ||
| Operating income: | 37,531 | 29,407 | 24,598 | 19,510 | 18,418 | 10,854 | ||
| Nonoperating income (expense) | 840 | (4,797) | (691) | 367 | (1,039) | |||
| Investment income, nonoperating | 840 | 685 | ||||||
| Other nonoperating income (expense) | (5,482) | (691) | 367 | (1,039) | ||||
| Interest and debt expense | (4,133) | (3,908) | (30,107) | (33,028) | (17,092) | (18,985) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 34,238 | 20,702 | (6,200) | (13,151) | 287 | (8,131) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (33,470) | (14,571) | (2,270) | 3,802 | 2 | |||
| Income (loss) from continuing operations before income taxes: | 768 | 6,131 | (8,470) | (9,349) | 287 | (8,129) | ||
| Income tax expense | (1) | (48) | (2) | (15) | ||||
| Income (loss) from continuing operations: | 767 | 6,083 | (8,470) | (9,351) | 287 | (8,144) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (9,351) | 287 | (8,144) | |
| Net income (loss): | 767 | 6,083 | (8,470) | (9,351) | 287 | (8,144) | ||
| Other undisclosed net income (loss) attributable to parent | (10,343) | (10,770) | (3,984) | (92) | (42) | 105 | ||
| Net income (loss) attributable to parent: | (9,576) | (4,687) | (12,454) | (9,443) | 245 | (8,039) | ||
| Preferred stock dividends and other adjustments | (8,819) | (24,550) | (9,056) | (3,797) | (13,802) | (14,629) | ||
| Other undisclosed net loss available to common stockholders, basic | (3,780) | |||||||
| Net income (loss) available to common stockholders, diluted: | (22,175) | (29,237) | (21,510) | (13,240) | (13,557) | (22,668) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 767 | 6,083 | (8,470) | (9,351) | 287 | (8,144) | ||
| Comprehensive income (loss): | 767 | 6,083 | (8,470) | (9,351) | 287 | (8,144) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 767 | 6,083 | (8,470) | (9,351) | 287 | (8,144) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.