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 investments | 22,898 | 7,660 | 5,451 | 3,544 | 3,677 | 4,863 | 11,306 | ||
| Cash and cash equivalents | 22,898 | 7,660 | 5,451 | 3,544 | 3,677 | 4,863 | 11,306 | ||
| Receivables | 9,233 | 9,153 | 6,905 | 5,539 | 5,619 | 5,440 | 3,453 | ||
| Disposal group, including discontinued operation | 2,047 | 13,072 | 1,737 | 8,982 | 366 | 1,708 | |||
| Total current assets: | 34,178 | 29,885 | 14,093 | 18,065 | 9,296 | 10,669 | 16,467 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12,455 | 12,745 | 11,651 | ✕ | ✕ | ✕ | ✕ | ||
| Long-term investments and receivables | 5,000 | 6,739 | 12,000 | ||||||
| Due from related parties | 5,000 | 6,739 | 12,000 | ||||||
| Intangible assets, net (including goodwill) | 11,527 | 14,838 | 20,437 | 29,357 | 38,561 | 53,279 | 5,486 | ||
| Goodwill | 5,486 | 5,486 | 5,486 | ||||||
| Intangible assets, net (excluding goodwill) | 11,527 | 14,838 | 20,437 | 29,357 | 33,075 | 47,794 | |||
| Total noncurrent assets: | 23,982 | 27,583 | 32,088 | 34,357 | 45,300 | 65,279 | 5,486 | ||
| Other undisclosed assets | 407,121 | 431,911 | 438,184 | 455,659 | 403,078 | 413,098 | 292,017 | ||
| TOTAL ASSETS: | 465,281 | 489,379 | 484,365 | 508,081 | 457,674 | 489,046 | 313,970 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 13,040 | 13,200 | 11,921 | ||||||
| Operating lease, liability | 13,040 | 13,200 | 11,921 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 6,778 | 17,678 | 8,742 | 14,677 | 9,616 | 14,030 | 9,729 | ||
| Off-market lease, unfavorable | 3,397 | 4,554 | 6,716 | 10,045 | 9,616 | 12,680 | 7,721 | ||
| Disposal group, including discontinued operation, liabilities | 3,381 | 13,124 | 2,026 | 4,632 | 1,350 | 2,008 | |||
| Total noncurrent liabilities: | 19,818 | 30,878 | 20,663 | 14,677 | 9,616 | 14,030 | 9,729 | ||
| Other undisclosed liabilities | 349,113 | 346,089 | 350,470 | 372,194 | 324,226 | 317,293 | 196,874 | ||
| Total liabilities: | 368,931 | 376,967 | 371,133 | 386,871 | 333,842 | 331,324 | 206,603 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,861 | 14,918 | 23,927 | 42,061 | 63,508 | 94,833 | 98,265 | ||
| Common stock | 97 | 97 | 97 | 95 | 87 | 680 | 663 | ||
| Additional paid in capital | 234,229 | 234,061 | 233,870 | 233,697 | 226,978 | 223,345 | 220,371 | ||
| Accumulated deficit | (274,107) | (260,867) | (251,580) | (233,184) | (204,925) | (170,377) | (140,307) | ||
| Warrants and rights outstanding | 4,776 | 594 | |||||||
| Other undisclosed stockholders' equity attributable to parent | 36,866 | 41,033 | 41,540 | 41,453 | 41,368 | 41,186 | 17,538 | ||
| Stockholders' equity attributable to noncontrolling interest | 1,941 | 1,931 | 2,080 | 2,194 | 7,088 | 10,359 | 9,102 | ||
| Total stockholders' equity: | 3,802 | 16,849 | 26,007 | 44,255 | 70,596 | 105,193 | 107,367 | ||
| Other undisclosed liabilities and equity | 92,548 | 95,563 | 87,225 | 76,955 | 53,236 | 52,530 | |||
| TOTAL LIABILITIES AND EQUITY: | 465,281 | 489,379 | 484,365 | 508,081 | 457,674 | 489,046 | 313,970 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 61,310 | 61,003 | 63,162 | 65,709 | 58,535 | 44,160 | 27,734 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 56,709 | 42,342 | 26,783 | |
| Operating lease, lease income | 60,368 | ✕ | ✕ | ✕ | ✕ | |||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 50,952 | ✕ | ✕ | ✕ | |
| 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: | 41,692 | 42,117 | 63,137 | 65,634 | 55,714 | 42,593 | 26,624 | |
| Operating expenses | (24,237) | (23,722) | (53,702) | (61,779) | (57,993) | (44,452) | (40,068) | |
| Other undisclosed operating income | 2,055 | 23 | 1,419 | 2,538 | 2,821 | 1,567 | 1,111 | |
| Operating income (loss): | 19,510 | 18,418 | 10,854 | 6,393 | 542 | (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 taxes | 3,802 | 2 | 4 | 1,443 | 692 | |||
| 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) | 1,518 | 825 | 2,604 | ||||
| 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) | 105 | 406 | 684 | 1,035 | 1,253 | |
| 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.