Annual report pursuant to section 13 and 15(d)

Consolidated and Combined Statements of Operations

v2.4.0.8
Consolidated and Combined Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
REVENUE:    
Rental revenues $ 7,158,549 $ 1,963,681
Other revenues 1,548,943 470,298
Total Revenue 8,707,492 2,433,979
OPERATING EXPENSES:    
Property operations 1,713,957 519,220
Depreciation and amortization 3,466,957 822,152
Provision for credit losses 106,828 25,000
Corporate general & administrative 5,297,166 1,307,151
Total Operating Expenses 10,584,908 2,673,523
Operating Loss (1,877,416) (239,544)
Interest expense (2,497,810) (966,113)
Net Loss (4,375,226) (1,205,657)
Less: Net loss attributable to noncontrolling interests (714,972) (43,880)
Net Loss Attributable to Wheeler REIT (3,660,254) (1,161,777)
Preferred stock dividends (141,418)   
Net Loss Attributable to Wheeler REIT Common Shareholders $ (3,801,672) $ (1,161,777)
Loss per share:    
Basic and Diluted $ (0.82) $ (0.35)
Weighted-average number of shares:    
Basic and Diluted 4,620,600 3,301,502