2021 Form 10-K Financial Statement

#000152754122000007 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020 Q3
Revenue $61.31M $15.30M $14.96M
YoY Change 0.5% -4.79% -3.86%
Cost Of Revenue $19.62M $4.770M $4.820M
YoY Change 3.85% -1.45% -3.02%
Gross Profit $41.69M $10.53M $10.14M
YoY Change -1.02% -6.23% -4.34%
Gross Profit Margin 68.0% 68.82% 67.76%
Selling, General & Admin $7.140M $1.260M $1.080M
YoY Change 22.47% -39.71% -20.0%
% of Gross Profit 17.13% 11.97% 10.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.07M $3.830M $2.790M
YoY Change -2.21% -25.63% -4.45%
% of Gross Profit 26.55% 36.37% 27.51%
Operating Expenses $21.94M $5.100M $5.290M
YoY Change -5.12% -29.56% -55.1%
Operating Profit $19.51M $5.430M $4.849M
YoY Change 5.93% 36.09% 31.02%
Interest Expense $33.03M -$4.310M $4.114M
YoY Change 93.23% -6.1% -11.6%
% of Operating Profit 169.29% -79.37% 84.84%
Other Income/Expense, Net $4.135M $440.0K
YoY Change
Pretax Income -$9.349M $1.170M $720.0K
YoY Change -3357.49% -272.06% -175.63%
Income Tax $2.000K $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings -$9.443M $1.150M $707.0K
YoY Change -3954.29% -271.64% -173.72%
Net Earnings / Revenue -15.4% 7.52% 4.72%
Basic Earnings Per Share -$1.36 -$0.22
Diluted Earnings Per Share -$1.36 $118.6K -$0.22
COMMON SHARES
Basic Shares Outstanding 9.712M shares 9.703M shares 9.699M shares
Diluted Shares Outstanding 9.712M shares 9.699M shares

Balance Sheet

Concept 2021 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.90M $7.700M $7.000M
YoY Change 197.38% 40.0% 34.62%
Cash & Equivalents $22.90M $7.660M $6.957M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $9.153M $8.365M
Other Receivables
Total Short-Term Assets $32.13M $16.90M $15.40M
YoY Change 90.12% 36.29% 38.74%
LONG-TERM ASSETS
Property, Plant & Equipment $399.2M $405.4M $405.9M
YoY Change -1.53% -5.26% -5.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $31.54M $63.60M $49.20M
YoY Change -50.41% 63.5% 16.31%
Total Long-Term Assets $433.2M $472.5M $458.9M
YoY Change -8.33% 0.11% -4.01%
TOTAL ASSETS
Total Short-Term Assets $32.13M $16.90M $15.40M
Total Long-Term Assets $433.2M $472.5M $458.9M
Total Assets $465.3M $489.4M $474.3M
YoY Change -4.93% 1.04% -3.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.05M $11.20M $12.90M
YoY Change -1.3% 16.67% 21.7%
Accrued Expenses $13.04M $13.20M $11.90M
YoY Change -1.21% 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 $24.09M $24.40M $24.80M
YoY Change -1.25% 13.49% 10.22%
LONG-TERM LIABILITIES
Long-Term Debt $333.3M $334.3M $318.2M
YoY Change -0.3% -1.94% -7.18%
Other Long-Term Liabilities $11.55M $18.30M $20.00M
YoY Change -36.86% 110.34% 100.0%
Total Long-Term Liabilities $344.8M $352.6M $338.2M
YoY Change -2.2% 0.86% -4.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.09M $24.40M $24.80M
Total Long-Term Liabilities $344.8M $352.6M $338.2M
Total Liabilities $370.9M $377.0M $363.1M
YoY Change -2.12% 1.57% -3.25%
SHAREHOLDERS EQUITY
Retained Earnings -$260.9M -$259.5M
YoY Change 3.69% 4.49%
Common Stock $97.00K $97.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $94.41M $14.92M $16.14M
YoY Change
Total Liabilities & Shareholders Equity $465.3M $489.4M $474.3M
YoY Change -4.93% 1.04% -3.04%

Cashflow Statement

Concept 2021 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income -$9.443M $1.150M $707.0K
YoY Change -3954.29% -271.64% -173.72%
Depreciation, Depletion And Amortization $11.07M $3.830M $2.790M
YoY Change -2.21% -25.63% -4.45%
Cash From Operating Activities $17.04M $1.800M $6.490M
YoY Change 7.99% -31.56% 34.93%
INVESTING ACTIVITIES
Capital Expenditures $6.412M -$620.0K -$1.110M
YoY Change 182.34% -52.67% 141.3%
Acquisitions
YoY Change
Other Investing Activities $11.51M $2.840M $0.00
YoY Change 155.28%
Cash From Investing Activities $5.101M $2.220M -$1.100M
YoY Change 128.03% -270.77% 139.13%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$24.49M 14.55M -4.120M
YoY Change -875.03% -740.97% 88.99%
NET CHANGE
Cash From Operating Activities $17.04M 1.800M 6.490M
Cash From Investing Activities $5.101M 2.220M -1.100M
Cash From Financing Activities -$24.49M 14.55M -4.120M
Net Change In Cash -$2.349M 18.57M 1.270M
YoY Change -111.09% -2075.53% -41.47%
FREE CASH FLOW
Cash From Operating Activities $17.04M $1.800M $6.490M
Capital Expenditures $6.412M -$620.0K -$1.110M
Free Cash Flow $10.63M $2.420M $7.600M
YoY Change -21.32% -38.58% 44.21%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021 dei Amendment Flag
AmendmentFlag
false
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
CY2021 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2021 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021 dei Entity Central Index Key
EntityCentralIndexKey
0001527541
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021 whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2021 whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
CY2021 dei Document Type
DocumentType
10-K
CY2021 dei Document Annual Report
DocumentAnnualReport
true
CY2021 dei Document Period End Date
DocumentPeriodEndDate
2021-12-31
CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021 dei Document Transition Report
DocumentTransitionReport
false
CY2021 dei Entity File Number
EntityFileNumber
001-35713
CY2021 dei Entity Registrant Name
EntityRegistrantName
WHEELER REAL ESTATE INVESTMENT TRUST, INC.
CY2021 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2021 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
45-2681082
CY2021 dei Entity Address Address Line1
EntityAddressAddressLine1
2529 Virginia Beach Blvd.
CY2021 dei Entity Address City Or Town
EntityAddressCityOrTown
Virginia Beach
CY2021 dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
CY2021 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
23452
CY2021 dei City Area Code
CityAreaCode
757
CY2021 dei Local Phone Number
LocalPhoneNumber
627-9088
CY2021 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2021 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2021 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2021 dei Entity Small Business
EntitySmallBusiness
true
CY2021 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2021 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Public Float
EntityPublicFloat
36779197 USD
CY2022Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9720532 shares
CY2021 dei Auditor Firm
AuditorFirmId
677
CY2021 dei Auditor Name
AuditorName
Cherry Bekaert LLP
CY2021 dei Auditor Location
AuditorLocation
Virginia Beach, Virginia
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
386730000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
392664000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22898000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7660000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17521000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35108000 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9233000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9153000 USD
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
2047000 USD
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
13072000 USD
CY2021Q4 whlr Offmarketlease Favorable
OffmarketleaseFavorable
2424000 USD
CY2020Q4 whlr Offmarketlease Favorable
OffmarketleaseFavorable
3547000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12455000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12745000 USD
CY2021Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
11973000 USD
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
15430000 USD
CY2021Q4 us-gaap Assets
Assets
465281000 USD
CY2020Q4 us-gaap Assets
Assets
489379000 USD
CY2021Q4 us-gaap Secured Debt
SecuredDebt
333283000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
334266000 USD
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
3381000 USD
CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
13124000 USD
CY2021Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
3397000 USD
CY2020Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
4554000 USD
CY2021Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
4776000 USD
CY2020Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
594000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13040000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13200000 USD
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
11054000 USD
CY2020Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
11229000 USD
CY2021Q4 us-gaap Liabilities
Liabilities
368931000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
376967000 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
1861000 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
18750000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9720532 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9720532 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9703874 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9703874 shares
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
97000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
97000 USD
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
234229000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
234061000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-274107000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-260867000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
14918000 USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
1941000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
1931000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3802000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16849000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
465281000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
489379000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
60368000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
60039000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
942000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
964000 USD
CY2021 us-gaap Revenues
Revenues
61310000 USD
CY2020 us-gaap Revenues
Revenues
61003000 USD
CY2021 whlr Property Operating Costs
PropertyOperatingCosts
19618000 USD
CY2020 whlr Property Operating Costs
PropertyOperatingCosts
18886000 USD
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14797000 USD
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
17291000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2300000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7140000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5831000 USD
CY2021 us-gaap Costs And Expenses
CostsAndExpenses
43855000 USD
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
42608000 USD
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2055000 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
23000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
19510000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
18418000 USD
CY2021 us-gaap Interest Income Operating
InterestIncomeOperating
34000 USD
CY2020 us-gaap Interest Income Operating
InterestIncomeOperating
1000 USD
CY2021 us-gaap Interest Expense
InterestExpense
33028000 USD
CY2020 us-gaap Interest Expense
InterestExpense
17093000 USD
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3768000 USD
CY2020 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
552000 USD
CY2020 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2021 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
185000 USD
CY2020 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1039000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-9349000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
287000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-9351000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
287000 USD
CY2021 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
92000 USD
CY2020 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
42000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-9443000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
245000 USD
CY2021 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
8837000 USD
CY2020 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
10258000 USD
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
5040000 USD
CY2020 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
726000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13240000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-9287000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.36
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.36
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.96
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.96
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9711944 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9711944 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9698274 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9698274 shares
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26007000 USD
CY2020 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
87000 USD
CY2020 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2020 whlr Adjustments To Additional Paid In Capital Adjustment For Noncontrolling Interest In Operating Partnership
AdjustmentsToAdditionalPaidInCapitalAdjustmentForNoncontrollingInterestInOperatingPartnership
0 USD
CY2020 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
726000 USD
CY2020 us-gaap Dividends
Dividends
10258000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
287000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16849000 USD
CY2021 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
87000 USD
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14000 USD
CY2021 whlr Adjustments To Additional Paid In Capital Adjustment For Noncontrolling Interest In Operating Partnership
AdjustmentsToAdditionalPaidInCapitalAdjustmentForNoncontrollingInterestInOperatingPartnership
0 USD
CY2021 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 USD
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
5040000 USD
CY2021 us-gaap Dividends
Dividends
8837000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-9351000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3802000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
-9351000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
287000 USD
CY2021 us-gaap Depreciation
Depreciation
11072000 USD
CY2020 us-gaap Depreciation
Depreciation
11317000 USD
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
3725000 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
5974000 USD
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-12710000 USD
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1097000 USD
CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-3768000 USD
CY2020 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
0 USD
CY2021 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
13000 USD
CY2020 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-461000 USD
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
1610000 USD
CY2020 us-gaap Paid In Kind Interest
PaidInKindInterest
0 USD
CY2021 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
35000 USD
CY2020 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
184000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
14000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2055000 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
23000 USD
CY2021 whlr Provision Recoveriesfor Doubtful Accounts
ProvisionRecoveriesforDoubtfulAccounts
239000 USD
CY2020 whlr Provision Recoveriesfor Doubtful Accounts
ProvisionRecoveriesforDoubtfulAccounts
1131000 USD
CY2021 whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
2300000 USD
CY2020 whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
600000 USD
CY2021 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-1001000 USD
CY2020 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
2402000 USD
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1220000 USD
CY2020 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1076000 USD
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
427000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
661000 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1143000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-187000 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17041000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15780000 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6412000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2271000 USD
CY2020 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
4508000 USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5101000 USD
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3143000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2237000 USD
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7813000 USD
CY2021 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
11513000 USD
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
97650000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
38350000 USD
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
105305000 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
31493000 USD
CY2021 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
CY2020 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
552000 USD
CY2021 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
8336000 USD
CY2020 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
1106000 USD
CY2021 whlr Payments Of Loan Prepayment Penalties
PaymentsOfLoanPrepaymentPenalties
687000 USD
CY2020 whlr Payments Of Loan Prepayment Penalties
PaymentsOfLoanPrepaymentPenalties
0 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24491000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3160000 USD
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2349000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21177000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42768000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21591000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40419000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42768000 USD
CY2021 whlr Line Of Credit Forgiveness
LineOfCreditForgiveness
552000 USD
CY2020 whlr Line Of Credit Forgiveness
LineOfCreditForgiveness
0 USD
CY2021 whlr Fair Value Of Warrants Or Rights
FairValueOfWarrantsOrRights
2018000 USD
CY2020 whlr Fair Value Of Warrants Or Rights
FairValueOfWarrantsOrRights
594000 USD
CY2021 whlr Fair Value Of Derivative Liability
FairValueOfDerivativeLiability
5932000 USD
CY2020 whlr Fair Value Of Derivative Liability
FairValueOfDerivativeLiability
0 USD
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
600000 USD
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
677000 USD
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
5040000 USD
CY2020 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
726000 USD
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
15000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
18973000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
15889000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22898000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7660000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17521000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35108000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40419000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42768000 USD
CY2021Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9859
CY2021Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
58 center
CY2021Q4 whlr Numberof Real Estate Properties Undeveloped
NumberofRealEstatePropertiesUndeveloped
4 Property
CY2021Q4 us-gaap Net Rentable Area
NetRentableArea
5478855 sqft
CY2021 whlr Occupancy Level Percentage
OccupancyLevelPercentage
0.942
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 USD
CY2021 whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
CY2021 whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
633000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
994000 USD
CY2021 us-gaap Intangible Assets Finite Lived Policy Costs Incurred To Renew Or Extend
IntangibleAssetsFiniteLivedPolicyCostsIncurredToRenewOrExtend
Above and Below Market Lease Intangibles, netThe 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.
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1131000 USD
CY2021 us-gaap Revenues
Revenues
61310000 USD
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
CY2021 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Lease Contract Revenue</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    </span></div><div style="text-align:justify;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 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.</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 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. At December 31, 2021 and 2020, there were $5.77 million and $4.48 million, respectively, in unbilled rent which is included in "rents and other tenant receivables, net." Additionally, certain lease agreements contain provisions that grant additional rents based on tenants’ 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.</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’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 “CAM” expenses). This significantly reduces the Company’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’s share of operating costs by multiplying the total amount of the operating costs by the tenant's pro-rata percentage of square footage to total square footage of the property. The Company also receives monthly payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes tenant reimbursements as variable lease income.</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%">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’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’s costs or tenants' costs. Instead, the Company accounts for these costs as tenant costs. </span></div><div><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 recognizes lease termination fees, which are included in "other revenues" on the 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 records losses related to unrecovered intangibles and other assets.</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%">Beginning in April 2020, the Company received certain rent relief requests, most often in the form of rent deferral requests, as a result of COVID-19. The Company evaluated each tenant rent relief request on an individual basis, considering a number of factors. Not all tenant requests ultimately result in concessions or modification of agreements, nor is the Company forgoing its contractual rights under its lease agreements. The Financial Accounting Standards Board (the "FASB") issued a question-and-answer document (the “Lease Modification Q&amp;A”) focused on the application of lease accounting guidance to lease concessions provided as a result of COVID-19. The Lease Modification Q&amp;A clarifies that entities may elect to treat qualifying lease concessions as if they were based on enforceable rights and obligations, and may choose to apply or not to apply modification accounting to those qualifying concessions. Qualifying concessions must be in response to COVID-19 and not have a substantial increase in the lessee’s obligation or the lessor’s rights under the contract. The Company has elected not to apply ASC 842 modification guidance for concessions that did not increase the lease term, generally these concessions do not impact the overall economics of the lease. Concessions that extend the lease term are accounted for under ASC 842, lease modification guidance.</span></div>
CY2021 whlr Lessor Operating Lease Number Of Underlying Asset Classes
LessorOperatingLeaseNumberOfUnderlyingAssetClasses
2 assetClass
CY2021 whlr Revenues Gross
RevenuesGross
61549000 USD
CY2020 whlr Revenues Gross
RevenuesGross
62134000 USD
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
239000 USD
CY2020 whlr Corporate Administration Expense
CorporateAdministrationExpense
1240000 USD
CY2020 us-gaap Revenues
Revenues
61003000 USD
CY2021 whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.90
CY2021 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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">    </span></div>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.
CY2021 us-gaap Professional Fees
ProfessionalFees
3116000 USD
CY2020 us-gaap Professional Fees
ProfessionalFees
2466000 USD
CY2021 whlr Corporate Administration Expense
CorporateAdministrationExpense
1771000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
392664000 USD
CY2020 whlr Capital And Debt Financing Costs
CapitalAndDebtFinancingCosts
291000 USD
CY2020 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
128000 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7140000 USD
CY2021 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1465000 USD
CY2020 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1589000 USD
CY2021 whlr Capital And Debt Financing Costs
CapitalAndDebtFinancingCosts
438000 USD
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
119000 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
117000 USD
CY2021 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
231000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5831000 USD
CY2021 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
185000 USD
CY2020 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1040000.00 USD
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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%">Reclassifications</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 reclassified certain prior period amounts in the accompanying consolidated financial statements in order to be consistent with the current period presentation. The consolidated statements of operations reported within prior year's Form 10-K, fiscal year ended December 31, 2020, presented net loss attributable to Wheeler REIT Common Stockholders and basic and diluted loss per share amounts of $13.56 million and $1.40 per share, respectively. On November 3, 2021, common stockholders of the Company voted to amend the Company’s Charter to remove the cumulative dividend rights of the Series A Preferred and Series B Preferred. As a result, the net loss attributable to Wheeler REIT Common Stockholders and basic and diluted loss per share amounts have been restated to conform with this amendment, resulting in net loss attributable to Wheeler REIT Common Stockholders and basic and diluted loss per share amounts of $9.29 million and $0.96 per share, respectively, for the year ended December 31, 2020. </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%">No other reclassifications had an effect on net income, total assets, total liabilities or equity. The revenue from interest income was reclassified from interest expense on the consolidated statements of operations for consistency with current period presentation.</span></div>
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
454358000 USD
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
451855000 USD
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
67628000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
59191000 USD
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
386730000 USD
CY2021 us-gaap Depreciation
Depreciation
11070000.00 USD
CY2020 us-gaap Depreciation
Depreciation
11320000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2300000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1474000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1334000 USD
CY2021Q4 whlr Tenant Relationships
TenantRelationships
853000 USD
CY2020Q4 whlr Tenant Relationships
TenantRelationships
1308000 USD
CY2021Q4 us-gaap Other Assets
OtherAssets
446000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
592000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62940000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60330000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3730000 USD
CY2021Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
11973000 USD
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
15430000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5970000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2951000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2326000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1708000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1290000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
843000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
2409000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11527000 USD
CY2021Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
346262000 USD
CY2020Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
353916000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9834000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6812000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
336428000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
347104000 USD
CY2021Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
3145000 USD
CY2020Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
12838000 USD
CY2021Q4 us-gaap Secured Debt
SecuredDebt
333283000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
334266000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
13567000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
89288000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
50490000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
92016000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
23531000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
77370000 USD
CY2021Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
346262000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
594000 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
5932000 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
-3768000 USD
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4776000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
47232000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
43305000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
35993000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
28701000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
20382000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
51921000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
227534000 USD
CY2021Q4 whlr Shares Authorized
SharesAuthorized
215000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9859
CY2020Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9853
CY2021 whlr Stockholders Equity Note Unitsto Stock Conversion Ratio
StockholdersEquityNoteUnitstoStockConversionRatio
1
CY2021Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
15012415 shares
CY2020Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
15003329 shares
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 whlr Stock Repurchased And Retired Price Per Share
StockRepurchasedAndRetiredPricePerShare
15.50
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2021 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
26160000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P31Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1056000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
900000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
902000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
583000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1285000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
905000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
907000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
909000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
913000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
943000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
22843000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
27420000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14380000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13040000 USD
CY2021Q4 whlr Lessor Operating Lease Optionto Extend Amount
LessorOperatingLeaseOptiontoExtendAmount
7540000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
94356000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
343687000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
20173000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
97388000 USD
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
360826000 USD
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
458214000 USD
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
69758000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
464814000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
468499000 USD
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
4997000 USD
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
3066000 USD
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
2300000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
600000 USD
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
9297000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
6151000 USD
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
458214000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
464814000 USD

Files In Submission

Name View Source Status
0001527541-22-000007-index-headers.html Edgar Link pending
0001527541-22-000007-index.html Edgar Link pending
0001527541-22-000007.txt Edgar Link pending
0001527541-22-000007-xbrl.zip Edgar Link pending
ex211q42021.htm Edgar Link pending
ex231q42021.htm Edgar Link pending
ex311q42021.htm Edgar Link pending
ex312q42021.htm Edgar Link pending
ex321q42021.htm Edgar Link pending
ex322q42021.htm Edgar Link pending
ex44descriptionofsecuritie.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.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-20211231.htm Edgar Link pending
whlr-20211231.xsd Edgar Link pending
whlr-20211231_cal.xml Edgar Link unprocessable
whlr-20211231_def.xml Edgar Link unprocessable
whlr-20211231_htm.xml Edgar Link completed
whlr-20211231_lab.xml Edgar Link unprocessable
whlr-20211231_pre.xml Edgar Link unprocessable