Wheeler Real Estate Investment Trust, Inc. (WHLR) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,8987,6605,4513,5443,6774,86311,306
Cash and cash equivalents22,8987,6605,4513,5443,6774,86311,306
Receivables9,2339,1536,9055,5395,6195,4403,453
Disposal group, including discontinued operation2,04713,0721,7378,982 3661,708
Total current assets:34,17829,88514,09318,0659,29610,66916,467
Noncurrent Assets
Operating lease, right-of-use asset12,45512,74511,651
Long-term investments and receivables   5,0006,73912,000 
Due from related parties   5,0006,73912,000 
Intangible assets, net (including goodwill)11,52714,83820,43729,35738,56153,2795,486
Goodwill    5,4865,4865,486
Intangible assets, net (excluding goodwill)11,52714,83820,43729,35733,07547,794 
Total noncurrent assets:23,98227,58332,08834,35745,30065,2795,486
Other undisclosed assets407,121431,911438,184455,659403,078413,098292,017
TOTAL ASSETS:465,281489,379484,365508,081457,674489,046313,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation13,04013,20011,921    
Operating lease, liability13,04013,20011,921
Liabilities, other than long-term debt6,77817,6788,74214,6779,61614,0309,729
Off-market lease, unfavorable3,3974,5546,71610,0459,61612,6807,721
Disposal group, including discontinued operation, liabilities3,38113,1242,0264,632 1,3502,008
Total noncurrent liabilities:19,81830,87820,66314,6779,61614,0309,729
Other undisclosed liabilities349,113346,089350,470372,194324,226317,293196,874
Total liabilities:368,931376,967371,133386,871333,842331,324206,603
Stockholders' equity
Stockholders' equity attributable to parent, including:1,86114,91823,92742,06163,50894,83398,265
Common stock9797979587680663
Additional paid in capital234,229234,061233,870233,697226,978223,345220,371
Accumulated deficit(274,107)(260,867)(251,580)(233,184)(204,925)(170,377)(140,307)
Warrants and rights outstanding4,776594     
Other undisclosed stockholders' equity attributable to parent36,86641,03341,54041,45341,36841,18617,538
Stockholders' equity attributable to noncontrolling interest1,9411,9312,0802,1947,08810,3599,102
Total stockholders' equity:3,80216,84926,00744,25570,596105,193107,367
Other undisclosed liabilities and equity92,54895,56387,22576,95553,23652,530 
TOTAL LIABILITIES AND EQUITY:465,281489,379484,365508,081457,674489,046313,970

Income Statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues61,31061,00363,16265,70958,53544,16027,734
Revenue, net56,70942,34226,783
Operating lease, lease income60,368  
Operating leases, income statement, lease revenue50,952
Cost of revenue(19,618)(18,886)(25)(75)(2,821)(1,567)(1,111)
Cost of goods and services sold  (25)(75) (1,567)(1,111)
Financial services costs(2,821)  
Gross profit:41,69242,11763,13765,63455,71442,59326,624
Operating expenses(24,237)(23,722)(53,702)(61,779)(57,993)(44,452)(40,068)
Other undisclosed operating income2,055231,4192,5382,8211,5671,111
Operating income (loss):19,51018,41810,8546,393542(291)(12,334)
Nonoperating income (expense)367(1,039)  1,021  
Investment income, nonoperating    1,021  
Other nonoperating income (expense)367(1,039)     
Interest and debt expense(33,028)(17,092)(18,985)(20,228)(17,165)(13,356)(9,044)
Income (loss) from continuing operations before equity method investments, income taxes:(13,151)287(8,131)(13,835)(15,602)(13,647)(21,377)
Other undisclosed income from continuing operations before income taxes3,802 241,443692 
Income (loss) from continuing operations before income taxes:(9,349)287(8,129)(13,831)(14,159)(12,955)(21,377)
Income tax expense(2) (15)(40)(137)(107) 
Income (loss) from continuing operations:(9,351)287(8,144)(13,871)(14,296)(13,063)(21,377)
Income (loss) from discontinued operations   (3,035)1,5188252,604
Net income (loss):(9,351)287(8,144)(16,906)(12,778)(12,238)(18,773)
Other undisclosed net income (loss) attributable to parent(92)(42)1054066841,0351,253
Net income (loss) attributable to parent:(9,443)245(8,039)(16,500)(12,094)(11,203)(17,521)
Preferred stock dividends and other adjustments(3,797)(13,802)(14,629)(12,827)(9,969)(4,713)(13,628)
Other undisclosed net loss available to common stockholders, basic      (72,645)
Net loss available to common stockholders, diluted:(13,240)(13,557)(22,668)(29,327)(22,063)(15,916)(103,793)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(9,351)287(8,144)(16,906)(12,778)(12,238)(18,773)
Comprehensive income (loss), net of tax, attributable to parent:(9,351)287(8,144)(16,906)(12,778)(12,238)(18,773)

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.

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