| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Land And Land Improvements | 122,745 | 123,444 | 123,256 | 128,776 |
| Building And Building Improvements | 483,745 | 484,068 | 494,859 | 499,292 |
| Investment properties | 606,490 | 607,512 | 618,115 | 628,068 |
| Less accumulated depreciation | 126,327 | 122,837 | 121,062 | 117,381 |
| Real estate, net | 480,163 | 484,675 | 497,053 | 510,687 |
| Cash and cash equivalents | 23,592 | 23,656 | 27,093 | 28,065 |
| Restricted cash | 24,428 | 24,973 | 29,810 | 30,012 |
| Receivables, net | 16,107 | 15,759 | 14,631 | 15,726 |
| Investment securities - related party | 23,676 | 24,406 | 14,250 | 13,767 |
| Assets held for sale | 1,863 | 4,549 | 15,760 | NaN |
| Above market lease intangibles, net | 648 | 706 | 781 | 912 |
| Operating lease right-of-use assets | 7,504 | 7,546 | 8,788 | 8,842 |
| Deferred costs and other assets, net | 16,026 | 15,464 | 17,008 | 17,937 |
| Total assets | 594,007 | 601,734 | 625,174 | 625,948 |
| Total principal balance | 475,179 | 482,841 | 502,676 | NaN |
| Unamortized deferred financing cost | 14,111 | 14,684 | 15,340 | NaN |
| Loans payable, net | 461,068 | 468,157 | 487,336 | 477,311 |
| Liabilities associated with assets held for sale | 0 | 1,383 | 317 | NaN |
| Below market lease intangibles, net | 6,952 | 7,370 | 7,928 | 8,909 |
| Derivative liabilities | 10,613 | 7,243 | 5,733 | 20,722 |
| Operating lease liabilities | 8,177 | 8,221 | 9,658 | 9,711 |
| Series d preferred stock redemptions | 214 | 30 | 1,472 | 472 |
| Accounts payable, accrued expenses and other liabilities | 15,582 | 14,639 | 20,322 | 17,172 |
| Total liabilities | 502,606 | 507,043 | 532,766 | 534,297 |
| Series d cumulative convertible preferred stock | 67,314 | 63,204 | 64,523 | 72,257 |
| Series a preferred stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding 0.6 million in aggregate liquidation value) series b convertible preferred stock (no par value, 5,000,000 authorized, 3,379,142 shares issued and outstanding 84.5 million aggregate liquidation preference)-Series APreferred Stock | 453 | 453 | 453 | 453 |
| Series a preferred stock (no par value, 4,500 shares authorized, 562 shares issued and outstanding 0.6 million in aggregate liquidation value) series b convertible preferred stock (no par value, 5,000,000 authorized, 3,379,142 shares issued and outstanding 84.5 million aggregate liquidation preference)-Series BPreferred Stock | 35,586 | 36,296 | 38,590 | 41,350 |
| Common stock (0.01 par value, 200,000,000 shares authorized, 535,338 and 210,610 shares, respectively, issued and outstanding) | 5 | 6 | 9 | 10 |
| Additional paid-in capital | 314,151 | 311,977 | 304,801 | 296,900 |
| Accumulated deficit | -356,145 | -350,879 | -350,013 | -358,927 |
| Accumulated other comprehensive income | 1,651 | 2,381 | 2,225 | 1,742 |
| Total shareholders (deficit) equity | -4,299 | 234 | -3,935 | -18,472 |
| Noncontrolling interests | 28,386 | 31,253 | 31,820 | 37,866 |
| Total equity | 24,087 | 31,487 | 27,885 | 19,394 |
| Total liabilities and equity | 594,007 | 601,734 | 625,174 | 625,948 |
Wheeler Real Estate Investment Trust, Inc. (WHLR)
Wheeler Real Estate Investment Trust, Inc. (WHLR)