v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUE:    
Rental revenues $ 15,770 $ 15,821
Asset management fees 13 125
Total Revenue 15,995 16,293
OPERATING EXPENSES:    
Property operations 4,726 4,599
Non-REIT management and leasing services 23 36
Depreciation and amortization 5,816 7,476
Corporate general & administrative 1,814 2,508
Total Operating Expenses 12,379 14,619
Gain on disposal of properties 1,839 1,055
Operating Income 5,455 2,729
Interest income 1 1
Interest expense (4,793) (4,577)
Net Income (Loss) Before Income Taxes 663 (1,847)
Income tax expense (8) (25)
Net Income (Loss) 655 (1,872)
Less: Net income (loss) attributable to noncontrolling interests 13 (47)
Net Income (Loss) Attributable to Wheeler REIT 642 (1,825)
Preferred Stock dividends - declared 0 (3,207)
Preferred Stock dividends - undeclared (3,657) 0
Net Loss Attributable to Wheeler REIT Common Shareholders $ (3,015) $ (5,032)
Basic and Diluted $ (0.31) $ (0.57)
Weighted-average number of shares:    
Basic and Diluted (in shares) 9,606,249 8,900,416
Commissions    
REVENUE:    
Non-lease revenues $ 42 $ 14
Other revenues    
REVENUE:    
Non-lease revenues $ 170 $ 333

Source