$WHLR
Wheeler Real Estate Investment Trust, Inc.

2019 Q2 Form 10-Q Financial Statement

#000152754119000029 Filed on May 02, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $15.53M $16.00M $16.29M
YoY Change -8.32% -1.83% 13.76%
Cost Of Revenue $4.600M $4.730M $4.600M
YoY Change 1.77% 2.83% 15.29%
Gross Profit $10.94M $11.27M $11.69M
YoY Change -11.92% -3.59% 13.17%
Gross Profit Margin 70.44% 70.46% 71.75%
Selling, General & Admin $1.380M $1.840M $2.540M
YoY Change -39.21% -27.56% 1.6%
% of Gross Profit 12.61% 16.33% 21.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.880M $3.190M $3.173M
YoY Change -13.51% 0.54% 18.84%
% of Gross Profit 26.33% 28.31% 27.14%
Operating Expenses $17.41M $12.38M $14.62M
YoY Change 22.54% -15.32% 11.18%
Operating Profit -$2.209M $5.455M $2.729M
YoY Change -180.83% 99.89% 132.65%
Interest Expense $4.947M $4.793M $4.577M
YoY Change -4.5% 4.72% 9.58%
% of Operating Profit 87.86% 167.72%
Other Income/Expense, Net
YoY Change
Pretax Income -$7.156M $663.0K -$1.847M
YoY Change 192.56% -135.9% -30.25%
Income Tax $7.000K $8.000K $25.00K
% Of Pretax Income 1.21%
Net Earnings -$7.051M $642.0K -$1.825M
YoY Change 362.36% -135.18% 63.09%
Net Earnings / Revenue -45.4% 4.01% -11.2%
Basic Earnings Per Share
Diluted Earnings Per Share -$727.6K $66.60K -$205.6K
COMMON SHARES
Basic Shares Outstanding 9.693M shares 9.692M shares 8.946M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.900M $4.200M $5.100M
YoY Change -4.88% -17.65% 8.51%
Cash & Equivalents $3.934M $4.159M $5.148M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.546M $5.594M $4.621M
Other Receivables
Total Short-Term Assets $9.400M $9.800M $9.700M
YoY Change -2.08% 1.03% 1.04%
LONG-TERM ASSETS
Property, Plant & Equipment $434.3M $434.7M $448.6M
YoY Change -1.54% -3.1% 16.01%
Goodwill $5.486M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $48.90M $52.90M $62.30M
YoY Change -23.59% -15.09% 11.65%
Total Long-Term Assets $489.4M $499.3M $533.1M
YoY Change -6.99% -6.33% 12.95%
TOTAL ASSETS
Total Short-Term Assets $9.400M $9.800M $9.700M
Total Long-Term Assets $489.4M $499.3M $533.1M
Total Assets $498.8M $509.1M $542.8M
YoY Change -6.91% -6.2% 12.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00M $10.50M $11.00M
YoY Change -15.25% -4.55% -10.57%
Accrued Expenses $11.90M $12.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.90M $22.50M $14.00M
YoY Change 47.97% 60.71% 13.82%
LONG-TERM LIABILITIES
Long-Term Debt $346.6M $348.7M $373.0M
YoY Change -5.27% -6.51% 21.94%
Other Long-Term Liabilities $15.40M $15.90M $14.10M
YoY Change -12.99% 12.77% 18.49%
Total Long-Term Liabilities $362.0M $364.6M $387.1M
YoY Change -5.63% -5.81% 21.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.90M $22.50M $14.00M
Total Long-Term Liabilities $362.0M $364.6M $387.1M
Total Liabilities $383.9M $387.1M $401.2M
YoY Change -3.64% -3.53% 21.56%
SHAREHOLDERS EQUITY
Retained Earnings -$244.8M -$235.1M -$210.0M
YoY Change 14.01% 11.99% 18.24%
Common Stock $97.00K $97.00K $89.00K
YoY Change 4.3% 8.99% 3.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.68M $40.30M $60.53M
YoY Change
Total Liabilities & Shareholders Equity $498.8M $509.1M $542.8M
YoY Change -6.91% -6.2% 12.71%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$7.051M $642.0K -$1.825M
YoY Change 362.36% -135.18% 63.09%
Depreciation, Depletion And Amortization $2.880M $3.190M $3.173M
YoY Change -13.51% 0.54% 18.84%
Cash From Operating Activities $5.110M $2.697M $6.474M
YoY Change -17.05% -58.34% -0.28%
INVESTING ACTIVITIES
Capital Expenditures -$680.0K $285.0K $1.472M
YoY Change -46.03% -80.64% 197.98%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.600M $1.160M
YoY Change -100.0% 210.34% -37.97%
Cash From Investing Activities -$690.0K $3.318M -$23.47M
YoY Change -146.31% -114.14% -1804.07%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $5.480M
YoY Change -100.0% -11.51%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.670M -$5.409M $22.05M
YoY Change -58.08% -124.53% -362.64%
NET CHANGE
Cash From Operating Activities 5.110M $2.697M $6.474M
Cash From Investing Activities -690.0K $3.318M -$23.47M
Cash From Financing Activities -2.670M -$5.409M $22.05M
Net Change In Cash 1.750M $606.0K $5.060M
YoY Change 36.72% -88.02% -1060.15%
FREE CASH FLOW
Cash From Operating Activities $5.110M $2.697M $6.474M
Capital Expenditures -$680.0K $285.0K $1.472M
Free Cash Flow $5.790M $2.412M $5.002M
YoY Change -21.97% -51.78% -16.61%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q1 dei Amendment Flag
AmendmentFlag
false
CY2019Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2019Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2019Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019Q1 dei Document Period End Date
DocumentPeriodEndDate
2019-03-31
CY2019Q1 dei Document Type
DocumentType
10-Q
CY2019Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001527541
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9693271 shares
CY2019Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2019Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2019Q1 dei Entity Registrant Name
EntityRegistrantName
Wheeler Real Estate Investment Trust, Inc.
CY2019Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5539000 USD
CY2019Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5594000 USD
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233697000 USD
CY2019Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233861000 USD
CY2018Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
4303000 USD
CY2019Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2629000 USD
CY2018Q1 us-gaap Advertising Expense
AdvertisingExpense
43000 USD
CY2019Q1 us-gaap Advertising Expense
AdvertisingExpense
49000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1260000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1030000 USD
CY2018Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2019Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2019Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
7000000 USD
CY2018Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-22000 USD
CY2019Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-226000 USD
CY2018Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
379000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
392000 USD
CY2018Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4300000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2630000 USD
CY2018Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2018Q4 us-gaap Assets
Assets
508081000 USD
CY2019Q1 us-gaap Assets
Assets
509097000 USD
CY2018Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
8982000 USD
CY2019Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
10431000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3544000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4159000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12286000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17346000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17999000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18605000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5060000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
606000 USD
CY2018Q1 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-54000 USD
CY2019Q1 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-31000 USD
CY2018Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-30000 USD
CY2019Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-21000 USD
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
18750000 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
18750000 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9511464 shares
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9693271 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9511464 shares
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9693271 shares
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
95000 USD
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
97000 USD
CY2018Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
64000 USD
CY2019Q1 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2018Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2000 USD
CY2019Q1 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 USD
CY2019Q1 us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
P20D
CY2018Q1 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
36000 USD
CY2019Q1 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
23000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
13000 USD
CY2019Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-22000 USD
CY2019Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
359926000 USD
CY2019Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05
CY2018Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
30073000 USD
CY2019Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
28003000 USD
CY2018Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1261000 USD
CY2019Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1192000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5144000 USD
CY2019Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4735000 USD
CY2018Q1 us-gaap Depreciation
Depreciation
3170000 USD
CY2018Q1 us-gaap Depreciation
Depreciation
3173000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
3187000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
3190000 USD
CY2018Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7476000 USD
CY2019Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5816000 USD
CY2018Q1 us-gaap Dividends
Dividends
3207000 USD
CY2019Q1 us-gaap Dividends
Dividends
2589000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
50550000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52160000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5909000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2317000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2943000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3749000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5875000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
26730000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1055000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1839000 USD
CY2018Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2508000 USD
CY2019Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1814000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-47000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
13000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1847000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
663000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1872000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
655000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.57
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.31
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
371000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1778000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-84000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 USD
CY2018Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-978000 USD
CY2019Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-251000 USD
CY2018Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
197000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
625000 USD
CY2018Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
83000 USD
CY2019Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
155000 USD
CY2018Q1 us-gaap Interest Expense
InterestExpense
4577000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
4793000 USD
CY2018Q1 us-gaap Interest Income Operating
InterestIncomeOperating
1000 USD
CY2019Q1 us-gaap Interest Income Operating
InterestIncomeOperating
1000 USD
CY2018Q1 us-gaap Interest Paid
InterestPaid
3911000 USD
CY2019Q1 us-gaap Interest Paid
InterestPaid
4430000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26730000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
642000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
640000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
637000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
583000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
475000 USD
CY2019Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14768000 USD
CY2019Q1 us-gaap Lessor Operating Lease Option To Extend
LessorOperatingLeaseOptionToExtend
7.54
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
200515000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
19771000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
25407000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
34858000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
34390000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
32078000 USD
CY2019Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
40093000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
386871000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
387066000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
508081000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
509097000 USD
CY2018Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
4632000 USD
CY2019Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
6684000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
364468000 USD
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
355191000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
90830000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
84900000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
8075000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
10554000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
22138000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
83751000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
2194000 USD
CY2019Q1 us-gaap Minority Interest
MinorityInterest
2207000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22051000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5409000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-23465000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3318000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6474000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2697000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-1825000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
642000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5032000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3015000 USD
CY2018Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
58867000 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2018Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
5000000 USD
CY2019Q1 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
5000000 USD
CY2019Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
62 property
CY2018Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
10045000 USD
CY2019Q1 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
9265000 USD
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
14619000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
12379000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2729000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5455000 USD
CY2018Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
199000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
247000 USD
CY2018Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15821000 USD
CY2019Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
15770000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
285000 USD
CY2018Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
170000 USD
CY2019Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
170000 USD
CY2018Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3207000 USD
CY2019Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2019Q1 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2018Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
21158000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11962000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
170000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11833000 USD
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0484
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P36Y
CY2018Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
12077000 USD
CY2019Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
10504000 USD
CY2018Q4 us-gaap Other Assets
OtherAssets
716000 USD
CY2019Q1 us-gaap Other Assets
OtherAssets
1273000 USD
CY2018Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
122000 USD
CY2019Q1 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
98000 USD
CY2018Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
53000 USD
CY2019Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
74000 USD
CY2018Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
2544000 USD
CY2019Q1 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1814000 USD
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
5480000 USD
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
CY2018Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
128000 USD
CY2019Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
28000 USD
CY2018Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
23153000 USD
CY2019Q1 us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
0 USD
CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1472000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
CY2018Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
7403000 USD
CY2019Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2018Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1160000 USD
CY2019Q1 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
3584000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
CY2019Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
19000 USD
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
1001000 USD
CY2019Q1 us-gaap Professional Fees
ProfessionalFees
676000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-1872000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
655000 USD
CY2019Q1 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.03
CY2018Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
125000 USD
CY2019Q1 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
13000 USD
CY2018Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
98000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
66999000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44255000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42509000 USD
CY2018Q1 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
5000 USD
CY2019Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
90000 USD
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
40189000 USD
CY2019Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
42227000 USD
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
473331000 USD
CY2019Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
465065000 USD
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
433142000 USD
CY2019Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
422838000 USD
CY2018Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
848000 USD
CY2019Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5350000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14455000 USD
CY2019Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14446000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-233184000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-235131000 USD
CY2018Q1 us-gaap Revenues
Revenues
16293000 USD
CY2019Q1 us-gaap Revenues
Revenues
15995000 USD
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11904000 USD
CY2018Q1 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
861000 USD
CY2019Q1 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
599000 USD
CY2018Q4 us-gaap Secured Debt
SecuredDebt
360117000 USD
CY2019Q1 us-gaap Secured Debt
SecuredDebt
348651000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
419000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
90000 USD
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
0 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
0 shares
CY2018Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1130000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
330000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
166000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
42061000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
40302000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70596000 USD
CY2019Q1 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
47000 USD
CY2018Q1 us-gaap Taxes And Licenses
TaxesAndLicenses
165000 USD
CY2019Q1 us-gaap Taxes And Licenses
TaxesAndLicenses
62000 USD
CY2018Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
0 USD
CY2019Q1 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3657000 USD
CY2018Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
8900416 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9606249 shares
CY2019Q1 whlr Asset Management Fee Percent Fee
AssetManagementFeePercentFee
0.02
CY2019Q1 whlr Asset Management Fee Percent Fee
AssetManagementFeePercentFee
0.02
CY2018Q1 whlr Corporate Administration Expense
CorporateAdministrationExpense
342000 USD
CY2019Q1 whlr Corporate Administration Expense
CorporateAdministrationExpense
305000 USD
CY2018Q1 whlr Creditlossesonoperatingleasereceivables
Creditlossesonoperatingleasereceivables
21000 USD
CY2019Q1 whlr Creditlossesonoperatingleasereceivables
Creditlossesonoperatingleasereceivables
90000 USD
CY2018Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
4351000 USD
CY2019Q1 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
6540000 USD
CY2019Q1 whlr Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
1685000 USD
CY2019Q1 whlr Finite Lived Intangible Assets Amortization Expense Year Six Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearSixThereafter
4252000 USD
CY2018Q1 whlr Generaland Administrative Expense Allocatedto Non Reit Managementand Leasing Services
GeneralandAdministrativeExpenseAllocatedtoNonREITManagementandLeasingServices
36000 USD
CY2019Q1 whlr Generaland Administrative Expense Allocatedto Non Reit Managementand Leasing Services
GeneralandAdministrativeExpenseAllocatedtoNonREITManagementandLeasingServices
0 USD
CY2019Q1 whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 USD
CY2019Q1 whlr Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
23109000 USD
CY2019Q1 whlr Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
644000 USD
CY2019Q1 whlr Lessor Operating Lease Paymentstobe Received Six Years
LessorOperatingLeasePaymentstobeReceivedSixYears
13918000 USD
CY2019Q1 whlr Longterm Debt Maturities Repaymentsof Principalafter Year Six
LongtermDebtMaturitiesRepaymentsofPrincipalafterYearSix
106971000 USD
CY2019Q1 whlr Longterm Debt Maturities Repaymentsof Principalin Year Six
LongtermDebtMaturitiesRepaymentsofPrincipalinYearSix
43537000 USD
CY2019Q1 whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
CY2019Q1 whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.9
CY2018Q1 whlr Noncashor Part Noncash Acquisition Interest Acquired Value
NoncashorPartNoncashAcquisitionInterestAcquiredValue
1130000 USD
CY2019Q1 whlr Noncashor Part Noncash Acquisition Interest Acquired Value
NoncashorPartNoncashAcquisitionInterestAcquiredValue
0 USD
CY2019Q1 whlr Number Of Office Buildings
NumberOfOfficeBuildings
1 Building
CY2019Q1 whlr Numberof Undeveloped Land Parcels
NumberofUndevelopedLandParcels
6 parcel
CY2018Q4 whlr Offmarketlease Favorable
OffmarketleaseFavorable
7346000 USD
CY2019Q1 whlr Offmarketlease Favorable
OffmarketleaseFavorable
6793000 USD
CY2019Q1 whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2018Q1 whlr Property Operating Costs
PropertyOperatingCosts
4599000 USD
CY2019Q1 whlr Property Operating Costs
PropertyOperatingCosts
4726000 USD
CY2018Q1 whlr Provision Recoveriesfor Doubtful Accounts
ProvisionRecoveriesforDoubtfulAccounts
98000 USD
CY2019Q1 whlr Provision Recoveriesfor Doubtful Accounts
ProvisionRecoveriesforDoubtfulAccounts
90000 USD
CY2018Q1 whlr Revenues Gross
RevenuesGross
16391000 USD
CY2019Q1 whlr Revenues Gross
RevenuesGross
16085000 USD
CY2018Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
369612000 USD
CY2019Q1 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
359926000 USD
CY2018Q4 whlr Tenant Relationships
TenantRelationships
3764000 USD
CY2019Q1 whlr Tenant Relationships
TenantRelationships
3228000 USD
CY2019Q1 whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
CY2019Q1 whlr Undeveloped Land Parcels
UndevelopedLandParcels
6 property
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company&#8217;s actual results could differ from these estimates.</font></div></div>
CY2019Q1 us-gaap Revenue Recognition Services Management Fees
RevenueRecognitionServicesManagementFees
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Asset Management Fees</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset management fees are generated from Non-REIT Properties. The Non-REIT Properties pay WRE property management and/or asset management fees of </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2%</font><font style="font-family:inherit;font-size:10pt;"> of collected revenues, respectively for services performed. Revenues are governed by the management fee agreements for the various properties. Obligations under the agreements include and are not limited to: managing of maintenance, janitorial, security, landscaping, vendors and back office (collecting rents, paying bills), etc. Each of the obligations are bundled together to be one service and are satisfied over time. Non-REIT Properties are billed monthly and typically pay monthly for these services.</font></div></div>
CY2019Q1 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease Contract Revenue</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has two classes of underlying assets relating to rental revenue activity, retail and office space. The Company retains substantially all of the risks and benefits of ownership of these underlying assets and accounts for these leases as operating leases. The Company combines lease and nonlease components in lease contracts, which includes combining base rent and tenant reimbursement revenue.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accrues minimum rents on a straight-line basis over the terms of the respective leases which results in an unbilled rent asset or deferred rent liability being recorded on the balance sheet. </font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> Additionally, certain of the lease agreements contain provisions that grant additional rents based on tenants&#8217; sales volumes (contingent or percentage rent). Percentage rents are recognized when the tenants achieve the specified targets as defined in their lease agreements as variable lease income. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s leases generally require the tenant to reimburse the Company for a substantial portion of its expenses incurred in operating, maintaining, repairing, insuring and managing the shopping center and common areas (collectively defined as Common Area Maintenance or &#8220;CAM&#8221; expenses). This significantly reduces the Company&#8217;s exposure to increases in costs and operating expenses resulting from inflation or other outside factors. These reimbursements are considered nonlease components which the Company combines with the lease component. The Company calculates the tenant&#8217;s share of operating costs by multiplying the total amount of the operating costs by a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives escrow payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes tenant reimbursements as variable lease income. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the three months ended March 31, 2019 and 2018.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, the Company has tenants who pay real estate taxes directly to the taxing authority. The Company excludes these Company costs paid directly by the tenant to third parties on the Company&#8217;s behalf from both variable revenue payments recognized and the associated property operating expenses. The Company does not evaluate whether certain sales taxes and other similar taxes are the Company&#8217;s costs or tenants costs. Instead, the Company accounts for these costs as tenant costs. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes lease termination fees, which is included in "other revenue" on the condensed consolidated statements of operations, in the year that the lease is terminated and collection of the fee is reasonably assured. Upon early lease termination, the Company provides for losses related to unrecovered intangibles and other assets. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2019Q1 us-gaap Revenue Recognition Services Commissions
RevenueRecognitionServicesCommissions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commissions</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commissions are generated from Non-REIT Properties. The Non-REIT Properties pay WRE leasing commissions based on the total contractual revenues to be generated under the new/renewed lease agreement (</font><font style="font-family:inherit;font-size:10pt;">6%</font><font style="font-family:inherit;font-size:10pt;"> for new leases and </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> for renewals). Revenues are governed by the leasing commission agreements for the various properties. Obligations under the agreements include and are not limited to: monitoring upcoming vacancies, new tenant identification, proposal preparation, lease negotiation and document preparation. Each of the obligations are bundled together to be one service as the overall objective of these services is to maintain the overall occupancy of the property. Revenue is recognized and billed upon lease execution.</font></div></div>

Files In Submission

Name View Source Status
0001527541-19-000029-index-headers.html Edgar Link pending
0001527541-19-000029-index.html Edgar Link pending
0001527541-19-000029.txt Edgar Link pending
0001527541-19-000029-xbrl.zip Edgar Link pending
a3312019whlr10-q.htm Edgar Link pending
ex311q12019.htm Edgar Link pending
ex312q12019.htm Edgar Link pending
ex32q12019.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
whlr-20190331.xml Edgar Link completed
whlr-20190331.xsd Edgar Link pending
whlr-20190331_cal.xml Edgar Link unprocessable
whlr-20190331_def.xml Edgar Link unprocessable
whlr-20190331_lab.xml Edgar Link unprocessable
whlr-20190331_pre.xml Edgar Link unprocessable