v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE:    
Rental revenues $ 15,355 $ 15,770
Other revenues 219 225
Total Revenue 15,574 15,995
OPERATING EXPENSES:    
Property operations 4,723 4,726
Non-REIT management and leasing services 0 23
Depreciation and amortization 4,799 5,816
Impairment of assets held for sale 600 0
Corporate general & administrative 1,872 1,814
Total Operating Expenses 11,994 12,379
(Loss) gain on disposal of properties (26) 1,839
Operating Income 3,554 5,455
Interest income 1 1
Interest expense (4,400) (4,793)
Other expense (1,024) 0
Net (Loss) Income Before Income Taxes (1,869) 663
Income tax expense (8) (8)
Net (Loss) Income (1,877) 655
Less: Net (loss) income income attributable to noncontrolling interests (9) 13
Net (Loss) Income Attributable to Wheeler REIT (1,868) 642
Preferred Stock dividends - undeclared (3,657) (3,657)
Net Loss Attributable to Wheeler REIT Common Shareholders $ (5,525) $ (3,015)
Basic and Diluted (in dollars per share) $ (0.57) $ (0.31)
Weighted-average number of shares:    
Basic and Diluted (in shares) 9,694,284 9,606,249

Source