2023 Q1 Form 10-K Financial Statement

#000152754123000013 Filed on March 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $26.07M $26.95M $76.65M
YoY Change 68.2% 72.94% 25.01%
Cost Of Revenue $8.955M $9.094M $25.73M
YoY Change 70.57% 80.26% 31.16%
Gross Profit $17.11M $17.86M $50.91M
YoY Change 66.99% 69.44% 22.12%
Gross Profit Margin 65.64% 66.26% 66.43%
Selling, General & Admin $3.071M $3.186M $8.620M
YoY Change 142.96% 45.15% 20.73%
% of Gross Profit 17.95% 17.84% 16.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.523M $7.318M $13.49M
YoY Change 62.11% 94.42% 21.86%
% of Gross Profit 26.43% 40.98% 26.5%
Operating Expenses $10.54M $10.50M $28.16M
YoY Change 115.92% 76.27% 28.37%
Operating Profit $6.574M $7.353M $24.60M
YoY Change 40.11% 60.55% 26.08%
Interest Expense $6.477M -$10.81M $30.11M
YoY Change 39.95% -18.07% -8.84%
% of Operating Profit 98.52% -146.97% 122.4%
Other Income/Expense, Net -$2.405M $0.00 -$691.0K
YoY Change -48.31% -100.0% -116.71%
Pretax Income -$409.0K -$835.0K -$8.470M
YoY Change -91.06% -84.34% -9.4%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.101M -$5.846M -$12.45M
YoY Change -32.29% 9.21% 31.89%
Net Earnings / Revenue -11.9% -21.69% -16.25%
Basic Earnings Per Share -$0.55 -$2.20
Diluted Earnings Per Share -$0.55 -$0.60 -$2.20
COMMON SHARES
Basic Shares Outstanding 9.794M shares 9.793M shares 9.761M shares
Diluted Shares Outstanding 9.794M shares 9.761M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.82M $28.49M $28.49M
YoY Change 17.57% 24.43% 24.43%
Cash & Equivalents $24.82M $28.49M $28.49M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $11.77M $13.54M
Other Receivables
Total Short-Term Assets $36.59M $42.04M $42.04M
YoY Change 22.18% 30.82% 30.82%
LONG-TERM ASSETS
Property, Plant & Equipment $576.0M $576.1M $576.1M
YoY Change 45.19% 44.32% 44.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $65.73M $63.25M $63.25M
YoY Change 110.72% 100.55% 100.55%
Total Long-Term Assets $644.6M $642.5M $642.5M
YoY Change 49.87% 48.33% 48.33%
TOTAL ASSETS
Total Short-Term Assets $36.59M $42.04M $42.04M
Total Long-Term Assets $644.6M $642.5M $642.5M
Total Assets $681.2M $684.5M $684.5M
YoY Change 48.07% 47.12% 47.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.66M $18.40M $18.40M
YoY Change 69.33% 66.44% 66.44%
Accrued Expenses $16.43M $16.48M $16.48M
YoY Change 26.39% 26.37% 26.37%
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 $37.09M $34.88M $34.88M
YoY Change 47.18% 44.75% 44.75%
LONG-TERM LIABILITIES
Long-Term Debt $467.1M $466.0M $466.0M
YoY Change 41.04% 39.83% 39.83%
Other Long-Term Liabilities $27.55M $31.08M $31.08M
YoY Change 131.15% 168.99% 168.99%
Total Long-Term Liabilities $494.6M $497.1M $497.1M
YoY Change 44.17% 44.16% 44.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.09M $34.88M $34.88M
Total Long-Term Liabilities $494.6M $497.1M $497.1M
Total Liabilities $531.7M $532.0M $598.2M
YoY Change 44.38% 44.2% 61.29%
SHAREHOLDERS EQUITY
Retained Earnings -$301.0M -$295.6M
YoY Change 7.13% 7.85%
Common Stock $98.00K $98.00K
YoY Change 1.03% 1.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$20.38M -$15.16M $86.36M
YoY Change
Total Liabilities & Shareholders Equity $681.2M $684.5M $684.5M
YoY Change 48.07% 47.12% 47.12%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.101M -$5.846M -$12.45M
YoY Change -32.29% 9.21% 31.89%
Depreciation, Depletion And Amortization $4.523M $7.318M $13.49M
YoY Change 62.11% 94.42% 21.86%
Cash From Operating Activities $3.687M $2.804M $30.76M
YoY Change 9.28% 10.92% 80.49%
INVESTING ACTIVITIES
Capital Expenditures $4.155M $2.129M $8.511M
YoY Change 168.93% -181.23% 32.74%
Acquisitions
YoY Change
Other Investing Activities $0.00 $8.723M $10.51M
YoY Change -100.0% 123.49% -8.72%
Cash From Investing Activities -$4.155M $6.594M -$133.5M
YoY Change 227.42% 414.35% -2717.37%
FINANCING ACTIVITIES
Cash Dividend Paid $2.688M $2.688M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$3.276M -7.835M $118.2M
YoY Change -42.59% -77.8% -582.63%
NET CHANGE
Cash From Operating Activities $3.687M 2.804M $30.76M
Cash From Investing Activities -$4.155M 6.594M -$133.5M
Cash From Financing Activities -$3.276M -7.835M $118.2M
Net Change In Cash -$3.744M 1.563M $15.45M
YoY Change 3.97% -104.96% -757.56%
FREE CASH FLOW
Cash From Operating Activities $3.687M $2.804M $30.76M
Capital Expenditures $4.155M $2.129M $8.511M
Free Cash Flow -$468.0K $675.0K $22.25M
YoY Change -125.59% -86.89% 109.3%

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1610000 usd
CY2022 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
32000 usd
CY2021 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
35000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
14000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2604000 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2055000 usd
CY2022 whlr Provision Recoveriesfor Doubtful Accounts
ProvisionRecoveriesforDoubtfulAccounts
361000 usd
CY2021 whlr Provision Recoveriesfor Doubtful Accounts
ProvisionRecoveriesforDoubtfulAccounts
239000 usd
CY2022 whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
760000 usd
CY2021 whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
2300000 usd
CY2022 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
1221000 usd
CY2021 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-1001000 usd
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
740000 usd
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1220000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4381000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
427000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8626000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1143000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30758000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17041000 usd
CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
135510000 usd
CY2021 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8511000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6412000 usd
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
10509000 usd
CY2021 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
11513000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-133512000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5101000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12683000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7813000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
2688000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
400000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
97650000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
263815000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
105305000 usd
CY2022 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
8336000 usd
CY2022 whlr Payments Of Loan Prepayment Penalties
PaymentsOfLoanPrepaymentPenalties
2614000 usd
CY2021 whlr Payments Of Loan Prepayment Penalties
PaymentsOfLoanPrepaymentPenalties
687000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
118200000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24491000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15446000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2349000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55865000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40419000 usd
CY2022 whlr Line Of Credit Forgiveness
LineOfCreditForgiveness
0 usd
CY2021 whlr Line Of Credit Forgiveness
LineOfCreditForgiveness
552000 usd
CY2022 whlr Fair Value Of Warrants Or Rights
FairValueOfWarrantsOrRights
0 usd
CY2021 whlr Fair Value Of Warrants Or Rights
FairValueOfWarrantsOrRights
2018000 usd
CY2022 whlr Fair Value Of Derivative Liability
FairValueOfDerivativeLiability
0 usd
CY2021 whlr Fair Value Of Derivative Liability
FairValueOfDerivativeLiability
5932000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
584000 usd
CY2021 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
600000 usd
CY2022 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 usd
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
5040000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
2000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
19957000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
18973000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28491000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22898000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
27374000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17521000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55865000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40419000 usd
CY2022Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9905
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
75 center
CY2022Q4 whlr Numberof Real Estate Properties Undeveloped
NumberofRealEstatePropertiesUndeveloped
4 property
CY2022Q4 us-gaap Net Rentable Area
NetRentableArea
8173000 sqft
CY2022 whlr Occupancy Level Percentage
OccupancyLevelPercentage
0.929
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 usd
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 usd
CY2022 whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
CY2022 whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 usd
CY2022 whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3150000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
633000 usd
CY2022 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><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>
CY2022 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-align:justify"><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 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, 2022 and 2021, there were $6.52 million and $5.77 million, respectively, in unbilled rent which is included in "rents and other tenant receivables, net." </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2022 whlr Lessor Operating Lease Number Of Underlying Asset Classes
LessorOperatingLeaseNumberOfUnderlyingAssetClasses
2 assetclass
CY2022 whlr Revenues Gross
RevenuesGross
77006000 usd
CY2021 whlr Revenues Gross
RevenuesGross
61549000 usd
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
361000 usd
CY2021 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
239000 usd
CY2022 us-gaap Revenues
Revenues
76645000 usd
CY2021 us-gaap Revenues
Revenues
61310000 usd
CY2022 whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.90
CY2022 whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
CY2022 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.
CY2022 us-gaap Professional Fees
ProfessionalFees
3810000 usd
CY2021 us-gaap Professional Fees
ProfessionalFees
3116000 usd
CY2021 us-gaap Depreciation
Depreciation
11070000.00 usd
CY2022 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
2276000 usd
CY2021 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1465000 usd
CY2022 whlr Corporate Administration Expense
CorporateAdministrationExpense
1901000 usd
CY2021 whlr Corporate Administration Expense
CorporateAdministrationExpense
1771000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
319000 usd
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
119000 usd
CY2022 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
314000 usd
CY2021 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
669000 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
8620000 usd
CY2021 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
7140000 usd
CY2022 us-gaap Legal Fees
LegalFees
691000 usd
CY2021 us-gaap Legal Fees
LegalFees
185000 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
639205000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
454358000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
78225000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
67628000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
560980000 usd
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
386730000 usd
CY2022 us-gaap Depreciation
Depreciation
13490000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
760000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2300000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
7165000 usd
CY2021Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1474000 usd
CY2022Q4 whlr Tenant Relationships
TenantRelationships
500000 usd
CY2021Q4 whlr Tenant Relationships
TenantRelationships
853000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1456000 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
413000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
21000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
33000 usd
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
35880000 usd
CY2021Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
11973000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62350000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62940000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6050000.00 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3730000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9562000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6780000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4991000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3557000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2923000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
6590000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
34403000 usd
CY2022Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
482447000 usd
CY2021Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
346262000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16418000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9834000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
466029000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
336428000 usd
CY2022Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
0 usd
CY2021Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
3145000 usd
CY2022Q4 us-gaap Secured Debt
SecuredDebt
466029000 usd
CY2021Q4 us-gaap Secured Debt
SecuredDebt
333283000 usd
CY2021 whlr Interest Expense Adjusted For Vwap Discount
InterestExpenseAdjustedForVWAPDiscount
725000 usd
CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
1610000 usd
CY2022 whlr Interest Expense Adjusted For Vwap Discount
InterestExpenseAdjustedForVWAPDiscount
1429000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
3739000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2343000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
33690000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
79697000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
19347000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
9440000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
337930000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
482447000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4776000 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
594000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
0 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
5932000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
2335000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-3768000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7111000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4776000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
71562000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
66076000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
56970000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
46507000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
37195000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
104546000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
382856000 usd
CY2022Q4 whlr Shares Authorized
SharesAuthorized
215000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9905
CY2021Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9859
CY2022 whlr Stockholders Equity Note Unitsto Stock Conversion Ratio
StockholdersEquityNoteUnitstoStockConversionRatio
1
CY2022Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
15082816 shares
CY2021Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
15012415 shares
CY2022 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
34630000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P31Y
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1150000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
1060000.00 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
956000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
902000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1113000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1115000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1119000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1148000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1152000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
30829000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36476000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19998000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16478000 usd
CY2022Q4 whlr Lessor Operating Lease Optionto Extend Amount
LessorOperatingLeaseOptiontoExtendAmount
7540000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
139837000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
471992000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
26042000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
144539000 usd
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
493332000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
637871000 usd
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
866000000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
77744000 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
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
185019000 usd
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
6777000 usd
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
4997000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
760000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
2300000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
11379000 usd
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
9297000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
637871000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
458214000 usd

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