v3.24.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUE:    
Rental revenues $ 100,332,000 $ 75,195,000
Other revenues 1,993,000 1,450,000
Total Revenue 102,325,000 76,645,000
OPERATING EXPENSES:    
Property operations 34,870,000 25,731,000
Depreciation and amortization 28,502,000 19,540,000
Impairment of assets held for sale 0 760,000
Corporate general & administrative 11,750,000 8,620,000
Total Operating Expenses 75,122,000 54,651,000
Gain on disposal of properties 2,204,000 2,604,000
Operating Income 29,407,000 24,598,000
Interest income 484,000 65,000
Gain on investment securities, net 685,000 0
Interest expense (32,314,000) (30,107,000)
Net changes in fair value of derivative liabilities 3,458,000 (2,335,000)
Gain on preferred stock redemptions 9,893,000 0
Other expense (5,482,000) (691,000)
Net Income (Loss) Before Income Taxes 6,131,000 (8,470,000)
Income tax expense (48,000) 0
Net Income (Loss) 6,083,000 (8,470,000)
Less: Net income attributable to noncontrolling interests 10,770,000 3,984,000
Net Loss Attributable to Wheeler REIT (4,687,000) (12,454,000)
Preferred Stock dividends - undeclared (9,262,000) (9,056,000)
Deemed distribution related to preferred stock redemptions (15,288,000) 0
Net Loss Attributable to Wheeler REIT Common Stockholders $ (29,237,000) $ (21,510,000)
Loss per share:    
Basic (in dollars per share) $ (4.57) $ (22.04)
Diluted (in dollars per share) $ (4.57) $ (22.04)
Weighted-average number of shares:    
Basic (in shares) 6,400,490 976,070
Diluted (in shares) 6,400,490 976,070

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