v3.25.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUE:    
Rental revenues $ 102,408,000 $ 100,332,000
Other revenues 2,166,000 1,993,000
Total Revenue 104,574,000 102,325,000
OPERATING EXPENSES:    
Property operations 35,100,000 34,870,000
Depreciation and amortization 25,316,000 28,502,000
Impairment charges 1,195,000 0
Corporate general & administrative 10,982,000 11,750,000
Total Operating Expenses 72,593,000 75,122,000
Gain on disposal of properties, net 5,550,000 2,204,000
Operating Income 37,531,000 29,407,000
Interest income 460,000 484,000
Gain on investment securities, net 840,000 685,000
Interest expense (32,602,000) (32,314,000)
Net changes in fair value of derivative liabilities (8,332,000) 3,458,000
Loss on conversion of Convertible Notes (412,000) 0
Gain on Preferred Stock retirements 4,772,000 9,893,000
Other expense (1,489,000) (5,482,000)
Net Income Before Income Taxes 768,000 6,131,000
Income tax expense (1,000) (48,000)
Net Income 767,000 6,083,000
Less: Net income attributable to noncontrolling interests 10,343,000 10,770,000
Net Loss Attributable to Wheeler REIT (9,576,000) (4,687,000)
Preferred Stock dividends - undeclared (8,267,000) (9,262,000)
Deemed distribution related to preferred stock redemption value (552,000) (15,288,000)
Deemed distribution related to repurchase of noncontrolling interests (3,780,000) 0
Net Loss Attributable to Wheeler REIT Common Stockholders (22,175,000) (29,237,000)
Net Loss Attributable to Wheeler REIT Common Stockholders $ (22,175,000) $ (29,237,000)
Loss per share:    
Basic (in dollars per share) $ (317.02) $ (13,157.97)
Diluted (in dollars per share) $ (317.02) $ (13,157.97)
Weighted-average number of shares:    
Basic (in shares) 69,948 2,222
Diluted (in shares) 69,948 2,222

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