v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUE:    
Rental revenues $ 62,442,000 $ 63,036,000
Asset management fees 60,000 266,000
Total Revenue 63,162,000 65,275,000
OPERATING EXPENSES:    
Property operations 19,127,000 18,473,000
Non-REIT management and leasing services 25,000 75,000
Depreciation and amortization 21,319,000 27,094,000
Impairment of goodwill 0 5,486,000
Impairment of notes receivable 5,000,000 1,739,000
Impairment of real estate 0 3,938,000
Impairment of assets held for sale 1,598,000 0
Corporate general & administrative 6,633,000 8,228,000
Other operating expenses 0 250,000
Total Operating Expenses 53,702,000 65,283,000
Gain on disposal of properties 1,394,000 2,463,000
Operating Income 10,854,000 2,455,000
Interest income 2,000 4,000
Interest expense (18,985,000) (20,228,000)
Net Loss from Continuing Operations Before Income Taxes (8,129,000) (17,769,000)
Income tax expense (15,000) (40,000)
Net Loss from Continuing Operations (8,144,000) (17,809,000)
Discontinued Operations    
Net Income from Discontinued Operations 0 903,000
Net Loss (8,144,000) (16,906,000)
Less: Net loss attributable to noncontrolling interests (105,000) (406,000)
Net Loss Attributable to Wheeler REIT (8,039,000) (16,500,000)
Preferred Stock dividends - declared 0 (9,790,000)
Preferred Stock dividends - undeclared (14,629,000) (3,037,000)
Net Loss Attributable to Wheeler REIT Common Shareholders $ (22,668,000) $ (29,327,000)
Loss per share:    
Loss per share from continuing operations (basic and diluted) (in dollars per share) $ (2.34) $ (3.26)
Income per share from discontinued operations (in dollars per share) 0.00 0.09
Total loss per share (in dollars per share) $ (2.34) $ (3.17)
Weighted-average number of shares:    
Basic and Diluted (in shares) 9,671,847 9,256,234
Commissions    
REVENUE:    
Non-lease revenues $ 65,000 $ 140,000
Other revenues    
REVENUE:    
Non-lease revenues $ 595,000 $ 1,833,000

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