Wheeler Real Estate Investment Trust Inc. (WHLR) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,40428,49122,8987,6605,4513,544
Cash and cash equivalents18,40428,49122,8987,6605,4513,544
Receivables  13,5449,2339,1536,9055,539
Disposal group, including discontinued operation   2,04713,0721,7378,982
Total current assets:18,40442,03534,17829,88514,09318,065
Noncurrent Assets
Operating lease, right-of-use asset9,45015,13312,45512,74511,651
Long-term investments and receivables10,685    5,000
Due from related parties    5,000
Long-term investments10,685     
Intangible assets, net (including goodwill)25,80134,40311,52714,83820,43729,357
Intangible assets, net (excluding goodwill)25,80134,40311,52714,83820,43729,357
Total noncurrent assets:45,93649,53623,98227,58332,08834,357
Other undisclosed assets603,992592,965407,121431,911438,184455,659
TOTAL ASSETS:668,332684,536465,281489,379484,365508,081
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation:   13,04013,20011,921 
Liabilities, other than long-term debt17,81440,4466,77817,6788,74214,677
Off-market lease, unfavorable17,81423,9683,3974,5546,71610,045
Disposal group, including discontinued operation, liabilities   3,38113,1242,0264,632
Operating lease, liability  16,47813,04013,20011,921
Total noncurrent liabilities:17,81440,44619,81830,87820,66314,677
Other undisclosed liabilities508,990491,538349,113346,089350,470372,194
Total liabilities:526,804531,984368,931376,967371,133386,871
Equity
Equity, attributable to parent, including:(21,293)(15,162)1,86114,91823,92742,061
Common stock5389897979795
Additional paid in capital257,572234,993234,229234,061233,870233,697
Accumulated deficit(324,854)(295,617)(274,107)(260,867)(251,580)(233,184)
Warrants and rights outstanding3,6537,1114,776594  
Other undisclosed equity, attributable to parent41,79838,25336,86641,03341,54041,453
Equity, attributable to noncontrolling interest66,11666,1961,9411,9312,0802,194
Total equity:44,82351,0343,80216,84926,00744,255
Other undisclosed liabilities and equity96,705101,51892,54895,56387,22576,955
TOTAL LIABILITIES AND EQUITY:668,332684,536465,281489,379484,365508,081

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues102,32576,64561,31061,00363,16265,709
Operating leases, income statement, lease revenue50,952
Operating lease, lease income100,33275,19560,368  
Cost of revenue(34,870)(25,731)(19,618)(18,886)(25)(75)
Cost of goods and services sold     (25)(75)
Gross profit:67,45550,91441,69242,11763,13765,634
Operating expenses(40,252)(28,920)(24,237)(23,722)(53,702)(61,779)
Other undisclosed operating income2,2042,6042,055231,4192,538
Operating income:29,40724,59819,51018,41810,8546,393
Nonoperating income (expense)(4,797)(691)367(1,039)  
Investment income, nonoperating685     
Other nonoperating income (expense)(5,482)(691)367(1,039)  
Interest and debt expense(3,908)(30,107)(33,028)(17,092)(18,985)(20,228)
Income (loss) from continuing operations before equity method investments, income taxes:20,702(6,200)(13,151)287(8,131)(13,835)
Other undisclosed income (loss) from continuing operations before income taxes(14,571)(2,270)3,802 24
Income (loss) from continuing operations before income taxes:6,131(8,470)(9,349)287(8,129)(13,831)
Income tax expense(48) (2) (15)(40)
Income (loss) from continuing operations:6,083(8,470)(9,351)287(8,144)(13,871)
Income (loss) before gain (loss) on sale of properties:(9,351)287(8,144)(16,906)
Loss from discontinued operations      (3,035)
Other undisclosed net loss      
Net income (loss):6,083(8,470)(9,351)287(8,144)(16,906)
Other undisclosed net income (loss) attributable to parent(10,770)(3,984)(92)(42)105406
Net income (loss) attributable to parent:(4,687)(12,454)(9,443)245(8,039)(16,500)
Preferred stock dividends and other adjustments(24,550)(9,056)(3,797)(13,802)(14,629)(12,827)
Net loss available to common stockholders, diluted:(29,237)(21,510)(13,240)(13,557)(22,668)(29,327)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):6,083(8,470)(9,351)287(8,144)(16,906)
Comprehensive income (loss), net of tax, attributable to parent:6,083(8,470)(9,351)287(8,144)(16,906)

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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