Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE:    
Rental revenues $ 14,656 $ 15,355
Other revenues 72 219
Total Revenue 14,728 15,574
OPERATING EXPENSES:    
Property operations 4,884 4,723
Depreciation and amortization 3,716 4,799
Impairment of assets held for sale 0 600
Corporate general & administrative 1,582 1,872
Total Operating Expenses 10,182 11,994
Gain (loss) on disposal of properties 176 (26)
Operating Income 4,722 3,554
Interest expense (8,961) (4,399)
Net changes in fair value of warrant (347) 0
Other income 552 0
Other expense 0 (1,024)
Net Loss Before Income Taxes (4,034) (1,869)
Income tax expense 0 (8)
Net Loss (4,034) (1,877)
Less: Net income (loss) attributable to noncontrolling interests 15 (9)
Net Loss Attributable to Wheeler REIT (4,049) (1,868)
Preferred Stock dividends - undeclared (3,341) (3,657)
Preferred Stock Redemption Discount 4,389 0
Net Loss Attributable to Wheeler REIT Common Stockholders $ (3,001) $ (5,525)
Basic and Diluted (in dollars per share) $ (0.31) $ (0.57)
Weighted-average number of shares:    
Basic and Diluted (in shares) 9,704,638 9,694,284