Wheeler Real Estate Investment Trust, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity and Mezzanine Equity (Tables)

For the Three Months Ended March 31,

Shares Issued

Market Value

(in thousands except for share amounts, unaudited)

Equity and Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of changes in carrying value of Series D Preferred

The changes in the carrying value of the Series D Preferred for the three months ended March 31, 2020 and 2019 is as follows (in thousands, unaudited):



	Series D Preferred
	(unaudited)
Balance December 31, 2019	$	87,225
Accretion of Preferred Stock discount	148
Undeclared dividends	2,419
Balance March 31, 2020	$	89,792



	Series D Preferred
	(unaudited)
Balance December 31, 2018	$	76,955
Accretion of Preferred Stock discount	148
Undeclared dividends	2,419
Balance March 31, 2019	$	79,522

Schedule of potentially dilutive shares

As of March 31, 2020, the below shares are able to be converted to Common Stock. The common units, convertible preferred stock and cumulative convertible preferred stock have been excluded from the Company’s diluted earnings per share calculation because their inclusion would be antidilutive.



	March 31, 2020
	Outstanding shares	Potential Dilutive Shares
	(unaudited)
Common units	234,019	234,019
Series B Preferred Stock	1,875,748	1,172,343
Series D Preferred Stock	3,600,636	5,307,541

Schedule of summary of preferred stock dividends

The following table summarizes the preferred stock dividends (unaudited, in thousands except for per share amounts):



	Series A Preferred			Series B Preferred			Series D Preferred
Record Date/Arrears Date	Arrears		Per Share	Arrears		Per Share	Arrears		Per Share
For the three months ended March 31, 2020	$	13	22.50	$	1,055	0.56	$	2,419	0.67
For the three months ended March 31, 2019	$	13	22.50	$	1,055	0.56	$	2,419	0.67

Schedule of shares issued under 2016 Long-Term Incentive Plan

2016 Long-Term Incentive Plan

On June 15, 2016, the Company's shareholders approved the 2016 Long-Term Incentive Plan (the "2016 Incentive Plan"). The 2016 Incentive Plan allows for issuance of up to 625,000 shares of the Company's Common Stock to employees, directors, officers and consultants for services rendered to the Company.

As of March 31, 2020, there are 132,707 shares available for issuance under the Company’s 2016 Incentive Plan. There were no shares issued during the three months ended March 31, 2020.