$WHLR
Wheeler Real Estate Investment Trust, Inc.

2020 Q4 Form 10-Q Financial Statement

#000152754120000051 Filed on November 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $15.30M $14.96M $15.57M
YoY Change -4.79% -3.86% -3.16%
Cost Of Revenue $4.770M $4.820M $4.970M
YoY Change -1.45% -3.02% 5.97%
Gross Profit $10.53M $10.14M $10.60M
YoY Change -6.23% -4.34% -6.94%
Gross Profit Margin 68.82% 67.76% 68.1%
Selling, General & Admin $1.260M $1.080M $1.350M
YoY Change -39.71% -20.0% -21.97%
% of Gross Profit 11.97% 10.65% 12.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.830M $2.790M $2.920M
YoY Change -25.63% -4.45% -4.26%
% of Gross Profit 36.37% 27.51% 27.55%
Operating Expenses $5.100M $5.290M $11.78M
YoY Change -29.56% -55.1% -7.28%
Operating Profit $5.430M $4.849M $3.701M
YoY Change 36.09% 31.02% -19.93%
Interest Expense -$4.310M $4.114M $4.654M
YoY Change -6.1% -11.6% -10.21%
% of Operating Profit -79.37% 84.84% 125.75%
Other Income/Expense, Net $440.0K
YoY Change
Pretax Income $1.170M $720.0K -$952.0K
YoY Change -272.06% -175.63% 70.0%
Income Tax $0.00 $0.00 $8.000K
% Of Pretax Income 0.0% 0.0%
Net Earnings $1.150M $707.0K -$959.0K
YoY Change -271.64% -173.72% 59.3%
Net Earnings / Revenue 7.52% 4.72% -6.16%
Basic Earnings Per Share -$0.22
Diluted Earnings Per Share $118.6K -$0.22 -$99.07K
COMMON SHARES
Basic Shares Outstanding 9.703M shares 9.699M shares 9.693M shares
Diluted Shares Outstanding 9.699M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.700M $7.000M $5.200M
YoY Change 40.0% 34.62% 44.44%
Cash & Equivalents $7.660M $6.957M $5.233M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $9.153M $8.365M $5.947M
Other Receivables
Total Short-Term Assets $16.90M $15.40M $11.10M
YoY Change 36.29% 38.74% 33.73%
LONG-TERM ASSETS
Property, Plant & Equipment $405.4M $405.9M $430.0M
YoY Change -5.26% -5.6% 0.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $63.60M $49.20M $42.30M
YoY Change 63.5% 16.31% -40.92%
Total Long-Term Assets $472.5M $458.9M $478.1M
YoY Change 0.11% -4.01% -7.84%
TOTAL ASSETS
Total Short-Term Assets $16.90M $15.40M $11.10M
Total Long-Term Assets $472.5M $458.9M $478.1M
Total Assets $489.4M $474.3M $489.2M
YoY Change 1.04% -3.04% -7.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.20M $12.90M $10.60M
YoY Change 16.67% 21.7% -16.54%
Accrued Expenses $13.20M $11.90M $11.90M
YoY Change 10.92% 0.0%
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 $24.40M $24.80M $22.50M
YoY Change 13.49% 10.22% 43.31%
LONG-TERM LIABILITIES
Long-Term Debt $334.3M $318.2M $342.8M
YoY Change -1.94% -7.18% -3.19%
Other Long-Term Liabilities $18.30M $20.00M $10.00M
YoY Change 110.34% 100.0% -57.26%
Total Long-Term Liabilities $352.6M $338.2M $352.8M
YoY Change 0.86% -4.14% -6.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.40M $24.80M $22.50M
Total Long-Term Liabilities $352.6M $338.2M $352.8M
Total Liabilities $377.0M $363.1M $375.3M
YoY Change 1.57% -3.25% -4.56%
SHAREHOLDERS EQUITY
Retained Earnings -$260.9M -$259.5M -$248.3M
YoY Change 3.69% 4.49% 13.65%
Common Stock $97.00K $97.00K $97.00K
YoY Change 0.0% 0.0% 3.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.92M $16.14M $27.16M
YoY Change
Total Liabilities & Shareholders Equity $489.4M $474.3M $489.2M
YoY Change 1.04% -3.04% -7.19%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $1.150M $707.0K -$959.0K
YoY Change -271.64% -173.72% 59.3%
Depreciation, Depletion And Amortization $3.830M $2.790M $2.920M
YoY Change -25.63% -4.45% -4.26%
Cash From Operating Activities $1.800M $6.490M $4.810M
YoY Change -31.56% 34.93% -18.61%
INVESTING ACTIVITIES
Capital Expenditures -$620.0K -$1.110M -$460.0K
YoY Change -52.67% 141.3% -58.56%
Acquisitions
YoY Change
Other Investing Activities $2.840M $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities $2.220M -$1.100M -$460.0K
YoY Change -270.77% 139.13% -147.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.55M -4.120M -2.180M
YoY Change -740.97% 88.99% -57.59%
NET CHANGE
Cash From Operating Activities 1.800M 6.490M 4.810M
Cash From Investing Activities 2.220M -1.100M -460.0K
Cash From Financing Activities 14.55M -4.120M -2.180M
Net Change In Cash 18.57M 1.270M 2.170M
YoY Change -2075.53% -41.47% 25.43%
FREE CASH FLOW
Cash From Operating Activities $1.800M $6.490M $4.810M
Capital Expenditures -$620.0K -$1.110M -$460.0K
Free Cash Flow $2.420M $7.600M $5.270M
YoY Change -38.58% 44.21% -24.93%

Facts In Submission

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Wheeler Real Estate Investment Trust, Inc.
dei Entity Central Index Key
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dei Current Fiscal Year End Date
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--12-31
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10-Q
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dei Entity Tax Identification Number
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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42509000 USD
CY2019Q2 us-gaap Dividends
Dividends
2590000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-7163000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32778000 USD
CY2019Q3 us-gaap Dividends
Dividends
2588000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-960000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29251000 USD
us-gaap Profit Loss
ProfitLoss
-889000 USD
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
0 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4871000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
7178000 USD
us-gaap Profit Loss
ProfitLoss
-7468000 USD
us-gaap Depreciation
Depreciation
8589000 USD
us-gaap Depreciation
Depreciation
8991000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-796000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1336000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-443000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-585000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
138000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
140000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
244000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-26000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
1427000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1042000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
315000 USD
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
5000000 USD
whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
600000 USD
whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
1547000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1738000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
520000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
758000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
60000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
903000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
335000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2646000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1738000 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-2000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13977000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12616000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
24000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1649000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1405000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1665000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
3584000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
19000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
16000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2174000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
340000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
537000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13350000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
24165000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
23843000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33890000 USD
us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
1106000 USD
us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
0 USD
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
552000 USD
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11387000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10262000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2606000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4528000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21591000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17999000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24197000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22527000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
8000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
509000 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
510000 USD
us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
726000 USD
us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
15000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
6000 USD
us-gaap Interest Paid Net
InterestPaidNet
11885000 USD
us-gaap Interest Paid Net
InterestPaidNet
13218000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6957000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5233000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17240000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17294000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24197000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22527000 USD
CY2020Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
60 Property
CY2020Q3 whlr Number Of Office Buildings
NumberOfOfficeBuildings
1 Building
CY2020Q3 whlr Undeveloped Land Parcels
UndevelopedLandParcels
6
whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 USD
whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1470000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1140000 USD
us-gaap Intangible Assets Finite Lived Policy Costs Incurred To Renew Or Extend
IntangibleAssetsFiniteLivedPolicyCostsIncurredToRenewOrExtend
<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Above and Below Market Lease Intangibles, net</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.</span></div>
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
71343 shares
CY2020Q3 whlr Stock Repurchased And Retired Price Per Share
StockRepurchasedAndRetiredPricePerShare
15.50
whlr Lessor Operating Lease Number Of Underlying Asset Classes
LessorOperatingLeaseNumberOfUnderlyingAssetClasses
2 asset_class
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2020Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2019Q3 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2020Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
11515000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12035000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
35179000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
36462000 USD
CY2020Q3 whlr Revenues Gross
RevenuesGross
15421000 USD
CY2019Q3 whlr Revenues Gross
RevenuesGross
15680000 USD
whlr Revenues Gross
RevenuesGross
46749000 USD
whlr Revenues Gross
RevenuesGross
47407000 USD
CY2020Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
457000 USD
CY2019Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
115000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1042000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
315000 USD
CY2020Q3 us-gaap Revenues
Revenues
14964000 USD
CY2019Q3 us-gaap Revenues
Revenues
15565000 USD
us-gaap Revenues
Revenues
45707000 USD
us-gaap Revenues
Revenues
47092000 USD
whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.90
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9000 USD
CY2020Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
22000 USD
whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.03
whlr Asset Management Fee Percent Fee
AssetManagementFeePercentFee
0.02
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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’s actual results could differ from these estimates.</span></div>
CY2020Q3 us-gaap Professional Fees
ProfessionalFees
241000 USD
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
444000 USD
us-gaap Professional Fees
ProfessionalFees
2186000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
84000 USD
whlr Corporate Administration Expense
CorporateAdministrationExpense
934000 USD
us-gaap Professional Fees
ProfessionalFees
1371000 USD
CY2020Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
321000 USD
CY2019Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
455000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1103000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1562000 USD
CY2020Q3 whlr Corporate Administration Expense
CorporateAdministrationExpense
309000 USD
CY2019Q3 whlr Corporate Administration Expense
CorporateAdministrationExpense
326000 USD
whlr Corporate Administration Expense
CorporateAdministrationExpense
934000 USD
CY2020Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
32000 USD
CY2019Q3 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
35000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
198000 USD
CY2020Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
177000 USD
CY2019Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
89000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
260000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
478000 USD
CY2020Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1080000 USD
CY2019Q3 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1349000 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
4567000 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
4543000 USD
CY2020Q3 us-gaap Legal Fees
LegalFees
15000 USD
us-gaap Legal Fees
LegalFees
1040000.00 USD
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
ReclassificationsThe Company has reclassified certain prior period amounts in the accompanying condensed consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had no effect on net income, total assets, total liabilities or equity. The revenue from asset management fees and commissions were reclassified to other revenues on the condensed consolidated statements of operations for consistency with current period presentation.
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
450877000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
466681000 USD
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
56499000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
50466000 USD
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
394378000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
416215000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
2790000 USD
us-gaap Depreciation
Depreciation
8590000 USD
CY2019Q3 us-gaap Depreciation
Depreciation
2920000 USD
us-gaap Depreciation
Depreciation
8990000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2019Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1547000 USD
CY2020Q3 whlr Tenant Relationships
TenantRelationships
1444000 USD
CY2019Q4 whlr Tenant Relationships
TenantRelationships
2173000 USD
CY2020Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1150000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1038000 USD
CY2020Q3 us-gaap Other Assets
OtherAssets
1083000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
588000 USD
CY2020Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
16898000 USD
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
21025000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
59450000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57150000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1430000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4870000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2140000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7180000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1148000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3635000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2892000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2268000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1639000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1222000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3011000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15815000 USD
CY2020Q3 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
336566000 USD
CY2019Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
347059000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3716000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4172000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
332850000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
342887000 USD
CY2020Q3 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
14620000 USD
CY2019Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
1974000 USD
CY2020Q3 us-gaap Secured Debt
SecuredDebt
318230000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
340913000 USD
CY2020Q3 whlr Debt Instrument Restricted Cash Replenishment
DebtInstrumentRestrictedCashReplenishment
488000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
38601000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11287000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
15580000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
85576000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
44240000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
91426000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
49856000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
336566000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
48590000 USD
CY2020Q3 whlr Numberof Undeveloped Land Parcels
NumberofUndevelopedLandParcels
6 parcel
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
11047000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
42612000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
37996000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
32274000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
25344000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
19575000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
43580000 USD
CY2020Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
212428000 USD
us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
20
CY2020Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2020Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
71343 shares
CY2020Q3 whlr Stock Repurchased And Retired Price Per Share
StockRepurchasedAndRetiredPricePerShare
15.50
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1830000 USD
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1830000 USD
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
27070000.00 USD
CY2020Q3 whlr Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Available For Issuance
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsAvailableForIssuance
5000000 shares
CY2020Q3 whlr Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Available For Issuance Price Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsAvailableForIssuancePricePerShare
1.85
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
226000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
238000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
679000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
732000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
146000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
437000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
161000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
500000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11904000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
146000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
637000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
640000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
642000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
644000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
648000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
22460000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
25817000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13900000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11917000 USD
CY2020Q3 whlr Lessor Operating Lease Optionto Extend Amount
LessorOperatingLeaseOptiontoExtendAmount
7540000 USD
CY2020Q2 us-gaap Former Gain Contingency Recognized In Current Period
FormerGainContingencyRecognizedInCurrentPeriod
196000 USD
CY2020Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
3150000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
439000 USD

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