For the quarter ending 2026-03-31, WHLR made $24,007K in revenue. -$5,266K in net income. Net profit margin of -21.94%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 24,007 | 25,169 | 23,821 | 26,101 |
| Property operations | 8,409 | 8,547 | 7,819 | 7,741 |
| Depreciation and amortization | 5,232 | 5,323 | 5,612 | 5,778 |
| Impairment charges | - | 390 | 2,490 | - |
| Corporate general& administrative | 2,736 | 3,756 | 2,404 | 2,817 |
| Total operating expenses | 16,377 | 18,016 | 18,325 | 16,336 |
| Gain on disposal of properties, net | 2,557 | 3,480 | -3 | 5,189 |
| Operating income | 10,187 | 10,633 | 5,493 | 14,954 |
| Interest income | 153 | 230 | 290 | 202 |
| Gain on investment securities, net - related party | - | - | 0 | 0 |
| Unrealized gain on investment securities, net - related party | - | 0* | - | - |
| Interest expense | 7,294 | 9,120 | 7,853 | 8,692 |
| Net changes in fair value of derivative liabilities | 3,370 | 1,510 | -14,989 | 6,427 |
| Gain on conversion of convertible notes | - | 0* | 0 | -902 |
| Loss on preferred stock redemptions | 179 | -2,726 | 176 | 228 |
| Other expense | 1,026 | 52 | 113 | 363 |
| Net (gain) income before income taxes | -1,171 | -2,545 | 12,982 | -1,000 |
| Income tax expense | 0 | 0 | 0 | 0 |
| Net (gain) income | -1,171 | -2,545 | 12,982 | -1,000 |
| Less net income attributable to noncontrolling interests | 1,226 | 1,301 | 1,455 | 1,447 |
| Net (gain) income attributable to wheeler reit | -2,397 | -3,846 | 11,527 | -2,447 |
| Preferred stock dividends - undeclared | 1,555 | 1,539 | 1,591 | 1,632 |
| Deemed contribution related to issuance of series d preferred stock | 827 | 579* | 0 | 553 |
| Deemed contribution related to preferred stock exchanges | 495 | 4,335* | 3,009 | 2,491 |
| Deemed distribution related to noncontrolling interests | 2,636 | 394 | 4,031 | 4,011 |
| Net loss attributable to wheeler reit common stockholders | - | -866 | 8,914 | -5,046 |
| Net loss attributable to wheeler reit common shareholders | -5,266 | - | 8,914 | -5,046 |
| Basic EPS | -14.55 | -8.101 | 18.37 | -9.45 |
| Diluted EPS | -14.55 | -8.101 | -0.83 | -9.45 |
| Basic Average Shares | 361,988 | 106,902* | 485,191 | 533,806 |
| Diluted Average Shares | 361,988 | 106,902* | 6,481,698 | 533,806 |
Wheeler Real Estate Investment Trust, Inc. (WHLR)
Wheeler Real Estate Investment Trust, Inc. (WHLR)