v3.24.1.u1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE:    
Rental revenues $ 25,695 $ 25,500
Other revenues 177 566
Total Revenue 25,872 26,066
OPERATING EXPENSES:    
Property operations 9,050 8,955
Depreciation and amortization 6,598 7,466
Corporate general & administrative 2,746 3,071
Total Operating Expenses 18,394 19,492
Operating Income 7,478 6,574
Interest income 63 47
Loss on investment securities, net (106) 0
Interest expense (7,405) (6,477)
Net changes in fair value of derivative liabilities (5,507) 1,852
Gain on preferred stock redemptions 213 0
Other expense (742) (2,405)
Net Loss (6,006) (409)
Less: Net income attributable to noncontrolling interests 2,701 2,692
Net Loss Attributable to Wheeler REIT (8,707) (3,101)
Preferred stock dividends - undeclared (2,042) (2,264)
Net Loss Attributable to Wheeler REIT Common Shareholders (10,749) (5,365)
Net Loss Attributable to Wheeler REIT Common Shareholders $ (10,749) $ (5,365)
Loss per share    
Basic (in dollars per share) $ (0.17) $ (5.48)
Diluted (in dollars per share) $ (0.17) $ (5.48)
Weighted-average number of shares:    
Basic (in shares) 62,952,191 979,403
Diluted (in shares) 62,952,191 979,403

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