v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
REVENUE:    
Rental revenues $ 75,195 $ 60,368
Other revenues 1,450 942
Total Revenue 76,645 61,310
OPERATING EXPENSES:    
Property operations 25,731 19,618
Depreciation and amortization 19,540 14,797
Impairment of assets held for sale 760 2,300
Corporate general & administrative 8,620 7,140
Total Operating Expenses 54,651 43,855
Gain on disposal of properties 2,604 2,055
Operating Income 24,598 19,510
Interest income 65 34
Interest expense (30,107) (33,028)
Net changes in fair value of derivative liabilities (2,335) 3,768
Other income 0 552
Other expense (691) (185)
Net Loss Before Income Taxes (8,470) (9,349)
Income tax expense 0 (2)
Net Loss (8,470) (9,351)
Less: Net income attributable to noncontrolling interests 3,984 92
Net Loss Attributable to Wheeler REIT (12,454) (9,443)
Preferred Stock dividends - undeclared (9,056) (8,837)
Deemed contribution related to Preferred Stock discount 0 5,040
Net Loss Attributable to Wheeler REIT Common Stockholders $ (21,510) $ (13,240)
Loss per share:    
Basic (in dollars per share) $ (2.20) $ (1.36)
Diluted (in dollars per share) $ (2.20) $ (1.36)
Weighted-average number of shares:    
Basic (in shares) 9,760,704 9,711,944
Diluted (in shares) 9,760,704 9,711,944

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