Exhibit 99.1

Wheeler Real Estate Investment Trust, Inc. and Subsidiaries

Condensed Consolidated Balance Sheet

June 30, 2013 (unaudited)

 

ASSETS:

  

Investment properties, at cost

   $ 55,716,630   

Less accumulated depreciation and amortization

     3,959,898   
  

 

 

 
     51,756,732   

Cash and cash equivalents

     865,855   

Rents and other tenant receivables, net

     836,761   

Deferred costs and other assets

     8,868,387   
  

 

 

 

Total Assets

   $ 62,327,735   
  

 

 

 

LIABILITIES:

  

Mortgages and other indebtedness

   $ 39,939,296   

Below market lease intangible, net

     3,374,718   

Accounts payable, accrued expenses and other liabilities

     1,411,232   

Series A convertible preferred stock (no par value, 500,000 shares authorized, 4,500 shares issued and outstanding, respectively)

     4,157,000   
  

 

 

 

Total Liabilities

     48,882,246   
  

 

 

 

Commitments and contingencies

  

EQUITY:

  

Common stock ($0.01 par value, 75,000,000 shares authorized, 3,301,502 shares issued and outstanding, respectively)

     33,015   

Additional paid-in capital

     14,097,453   

Accumulated deficit

     (8,073,165
  

 

 

 

Total Shareholders’ Equity

     6,057,303   

Noncontrolling interests

     7,388,186   
  

 

 

 

Total Equity

     13,445,489   
  

 

 

 

Total Liabilities and Equity

   $ 62,327,735