For the quarter ending 2025-09-30, WHLR made $23,821,000 in revenue. $8,914,000 in net income. Net profit margin of 37.42%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 23,821,000 | 26,101,000 | 24,354,000 | 26,732,500 |
| Property operations | 7,819,000 | 7,741,000 | 8,937,000 | 8,996,000 |
| Depreciation and amortization | 5,612,000 | 5,778,000 | 6,231,000 | 6,351,000 |
| Impairment charges | 2,490,000 | - | - | 0 |
| Corporate general& administrative | 2,404,000 | 2,817,000 | 2,732,000 | 3,120,000 |
| Total operating expenses | 18,325,000 | 16,336,000 | 17,900,000 | - |
| (loss) gain on disposal of properties, net | -3,000 | 5,189,000 | 5,688,000 | -2,208,000 |
| Operating income | 5,493,000 | 14,954,000 | 12,142,000 | 6,057,500 |
| Interest income | 290,000 | 202,000 | 242,000 | 133,500 |
| Gain on investment securities, net - related party | 0 | 0 | - | -22,500 |
| Interest expense | 7,853,000 | 8,692,000 | 8,093,000 | 7,986,500 |
| Net changes in fair value of derivative liabilities | -14,989,000 | 6,427,000 | 2,310,000 | -17,967,500 |
| Loss on conversion of convertible notes | 0 | -902,000 | - | -14,666.667 |
| Gain on preferred stock redemptions | 176,000 | 228,000 | 3,845,000 | 748,666.667 |
| Other expense | 113,000 | 363,000 | 400,000 | 372,500 |
| Net income (loss) before income taxes | 12,982,000 | -1,000,000 | 5,426,000 | 16,878,000 |
| Income tax expense | 0 | 0 | 26,000 | 0 |
| Net income (loss) | 12,982,000 | -1,000,000 | 5,400,000 | 16,878,000 |
| Less net income attributable to noncontrolling interests | 1,455,000 | 1,447,000 | 1,864,000 | 2,478,000 |
| Deemed distribution related to preferred stock redemption value | - | - | - | -52,666.667 |
| Net income (loss) attributable to wheeler reit | 11,527,000 | -2,447,000 | 3,536,000 | 14,400,000 |
| Preferred stock dividends - undeclared | 1,591,000 | 1,632,000 | 1,878,000 | 1,530,666.667 |
| Deemed contribution (distribution) related to preferred stock redemption value | 0 | 553,000 | - | - |
| Deemed contribution related to preferred stock exchanges | 3,009,000 | 2,491,000 | - | - |
| Deemed distribution related to repurchase of noncontrolling interests | 4,031,000 | 4,011,000 | 8,510,000 | 1,165,333.333 |
| Net Income Loss Available To Common Stockholders Basic | 8,914,000 | -5,046,000 | -6,852,000 | 10,644,000 |
| Net income (loss) attributable to wheeler reit common shareholders | 8,914,000 | -5,046,000 | -6,852,000 | - |
| Basic (in dollars per share) | 18.37 | -9.45 | -22.41 | -105.645 |
| Basic (in shares) | 485,191 | 533,806 | 305,692 | -442,361.5 |
| Diluted (in dollars per share) | -0.83 | -9.45 | -22.41 | -105.645 |
| Diluted (in shares) | 6,481,698 | 533,806 | 305,692 | -442,361.5 |
Wheeler Real Estate Investment Trust, Inc. (WHLR)
Wheeler Real Estate Investment Trust, Inc. (WHLR)