Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| REVENUE: | ||||
| Rental revenues | $ 8,590,439 | $ 5,639,218 | $ 23,787,801 | $ 13,743,870 |
| Asset management fees | 163,092 | 132,335 | 623,340 | 465,817 |
| Commissions | 589,656 | 86,682 | 833,516 | 307,292 |
| Tenant reimbursements and other revenues | 2,567,491 | 1,371,311 | 6,887,918 | 3,864,879 |
| Total Revenue | 11,910,678 | 7,229,546 | 32,132,575 | 18,381,858 |
| OPERATING EXPENSES: | ||||
| Property operations | 3,026,594 | 2,117,237 | 8,498,715 | 5,519,195 |
| Non-REIT management and leasing services | 695,542 | 343,393 | 1,351,640 | 999,186 |
| Depreciation and amortization | 4,994,572 | 4,881,937 | 15,306,331 | 11,722,164 |
| Provision for credit losses | 31,330 | 112,580 | 196,311 | 214,316 |
| Corporate general & administrative | 1,495,521 | 4,851,980 | 6,290,460 | 10,615,200 |
| Total Operating Expenses | 10,243,559 | 12,307,127 | 31,643,457 | 29,070,061 |
| Operating Income (Loss) | 1,667,119 | (5,077,581) | 489,118 | (10,688,203) |
| Interest Income, Operating | 299,239 | 30,407 | 301,378 | 113,738 |
| Interest expense | (3,639,414) | (2,328,476) | (9,801,442) | (6,450,461) |
| Net Loss from Continuing Operations | (1,673,056) | (7,375,650) | (9,010,946) | (17,024,926) |
| Income from discontinued operations | 39,114 | 217,234 | 115,463 | 348,083 |
| Gain on disposal of properties | 805 | 0 | 688,824 | 0 |
| Net Income from Discontinued Operations | 39,919 | 217,234 | 804,287 | 348,083 |
| Net Loss | (1,633,137) | (7,158,416) | (8,206,659) | (16,676,843) |
| Less: Net loss attributable to noncontrolling interests | (121,892) | (428,702) | (767,679) | (1,331,294) |
| Net Loss Attributable to Wheeler REIT | (1,511,245) | (6,729,714) | (7,438,980) | (15,345,549) |
| Preferred stock dividends | (1,240,811) | (2,279,907) | (2,263,410) | (13,116,232) |
| Deemed dividend related to beneficial conversion feature of preferred stock | 0 | (13,124,506) | 0 | (72,644,506) |
| Net Loss Attributable to Wheeler REIT Common Shareholders | $ (2,752,056) | $ (22,134,127) | $ (9,702,390) | $ (101,106,287) |
| Loss per share from continuing operations (basic and diluted): | $ (0.04) | $ (0.35) | $ (0.15) | $ (3.41) |
| Income per share from discontinued operations: | 0.00 | 0.00 | 0.01 | 0.01 |
| Loss per share, basic and diluted (in usd per share) | $ (0.04) | $ (0.35) | $ (0.14) | $ (3.40) |
| Weighted-average number of shares: | ||||
| Basic and Diluted (in shares) | 67,899,504 | 63,262,408 | 67,155,184 | 29,757,718 |
| Dividends declared per common share (in usd per share) | $ 0.05 | $ 0.05 | $ 0.16 | $ 0.18 |
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- Definition The aggregate costs related to asset management during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of income (loss) from a discontinued operation. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of income (loss) from operations classified as a discontinued operation. Excludes gain (loss) on disposal and provision for gain (loss) until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation, when the per share amount is the same. No definition available.
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- References No definition available.
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- Definition Fee and commission revenue earned from sources not otherwise specified in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of revenue derived from managing real estate properties. No definition available.
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- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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- Definition Deemed dividend related to beneficial conversion feature of preferred stock. Calculation as the difference between the market price of the common stock on the date of conversion and the stated conversion rate. No definition available.
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- Definition The aggregate costs of operating a property, including expenses associated with the grounds, landscaping, insurance, management and utilities. No definition available.
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