v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE:        
Rental revenues $ 12,755 $ 11,109 $ 38,363 $ 33,265
Asset management fees 48 145 143 807
Total Revenue 16,222 15,198 49,642 44,239
OPERATING EXPENSES:        
Property operations 4,687 3,726 13,804 11,467
Non-REIT management and leasing services 23 618 59 1,525
Depreciation and amortization 6,045 7,746 20,943 20,455
Provision for credit losses 149 23 335 443
Corporate general & administrative 1,703 1,306 6,479 4,855
Other operating expenses 250 0 250 0
Total Operating Expenses 12,857 13,419 41,870 38,745
Gain (loss) on disposal of properties 1,257 (1) 2,312 1,021
Operating Income 4,622 1,778 10,084 6,515
Interest income 1 364 3 1,080
Interest expense (5,183) (4,250) (14,940) (12,997)
Net Loss from Continuing Operations Before Income Taxes (560) (2,108) (4,853) (5,402)
Income tax expense (30) (65) (72) (175)
Net Loss from Continuing Operations (590) (2,173) (4,925) (5,577)
Income from discontinued operations 0 0 0 16
Gain on disposal of properties 0 0 903 1,502
Net Income from Discontinued Operations 0 0 903 1,518
Net Loss (590) (2,173) (4,022) (4,059)
Less: Net income (loss) attributable to noncontrolling interests 12 (111) (70) (165)
Net Loss Attributable to Wheeler REIT (602) (2,062) (3,952) (3,894)
Preferred stock dividends (3,208) (2,496) (9,621) (7,473)
Net Loss Attributable to Wheeler REIT Common Shareholders $ (3,810) $ (4,558) $ (13,573) $ (11,367)
Loss per share from continuing operations (basic and diluted) $ (0.41) $ (0.52) $ (1.58) $ (1.48)
Income per share from discontinued operations 0.00 0.00 0.10 0.16
Loss per share, basic and diluted (in usd per share) $ (0.41) $ (0.52) $ (1.48) $ (1.32)
Weighted-average number of shares:        
Basic and Diluted (in shares) 9,385,666 8,692,543 9,179,366 8,625,523
Commissions        
REVENUE:        
Non-lease revenues $ 52 $ 449 $ 102 $ 758
Tenant reimbursements        
REVENUE:        
Non-lease revenues 3,150 2,711 9,337 8,127
Development and other revenues        
REVENUE:        
Non-lease revenues $ 217 $ 784 $ 1,697 $ 1,282

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