2024 Q1 Form 10-K Financial Statement

#000152754124000026 Filed on March 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $25.87M $26.22M $102.3M
YoY Change -0.74% -2.73% 33.51%
Cost Of Revenue $9.050M $8.802M $34.87M
YoY Change 1.06% -3.21% 35.52%
Gross Profit $16.82M $17.41M $67.46M
YoY Change -1.69% -2.49% 32.49%
Gross Profit Margin 65.02% 66.42% 65.92%
Selling, General & Admin $2.746M $3.386M $11.75M
YoY Change -10.58% 6.28% 36.31%
% of Gross Profit 16.32% 19.45% 17.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.598M $6.860M $28.50M
YoY Change 45.88% -6.26% 111.28%
% of Gross Profit 39.22% 39.4% 42.25%
Operating Expenses $9.344M $10.25M $40.25M
YoY Change -11.32% -2.46% 42.94%
Operating Profit $7.478M $7.167M $29.41M
YoY Change 13.75% -2.53% 19.55%
Interest Expense $7.405M $2.303M $32.31M
YoY Change 14.33% -121.31% 7.33%
% of Operating Profit 99.02% 32.13% 109.89%
Other Income/Expense, Net -$42.00K -$209.0K -$3.882M
YoY Change -98.25% 461.79%
Pretax Income -$6.006M $19.15M $6.131M
YoY Change 1368.46% -2393.89% -172.38%
Income Tax $0.00 $48.00K
% Of Pretax Income 0.0% 0.78%
Net Earnings -$8.707M $12.38M -$4.687M
YoY Change 180.78% -311.72% -62.37%
Net Earnings / Revenue -33.65% 47.21% -4.58%
Basic Earnings Per Share -$0.17 -$4.57
Diluted Earnings Per Share -$0.17 $0.55 -$4.57
COMMON SHARES
Basic Shares Outstanding 68.02M shares 3.227M shares 6.400M shares
Diluted Shares Outstanding 62.95M shares 6.400M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.73M $18.40M $18.40M
YoY Change -28.55% -35.4% -35.4%
Cash & Equivalents $17.73M $18.40M $18.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $29.47M $31.53M $31.53M
YoY Change -19.47% -24.99% -24.99%
LONG-TERM ASSETS
Property, Plant & Equipment $553.5M $574.6M $574.6M
YoY Change -3.9% -0.27% -0.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $10.58M $10.69M $10.69M
YoY Change
Other Assets $55.73M $31.09M $31.09M
YoY Change -15.21% -50.85% -50.85%
Total Long-Term Assets $638.1M $636.8M $636.8M
YoY Change -1.0% -0.89% -0.89%
TOTAL ASSETS
Total Short-Term Assets $29.47M $31.53M $31.53M
Total Long-Term Assets $638.1M $636.8M $636.8M
Total Assets $667.6M $668.3M $668.3M
YoY Change -1.99% -2.37% -2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.29M $17.07M $17.07M
YoY Change -6.64% -7.25% -7.25%
Accrued Expenses $10.28M $10.33M $10.33M
YoY Change -37.43% -37.32% -37.32%
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 $29.57M $27.39M $27.39M
YoY Change -20.28% -21.45% -21.45%
LONG-TERM LIABILITIES
Long-Term Debt $478.2M $477.9M $477.9M
YoY Change 2.39% 2.56% 2.56%
Other Long-Term Liabilities $26.85M $21.47M $21.47M
YoY Change -2.54% -30.93% -30.93%
Total Long-Term Liabilities $505.1M $499.4M $499.4M
YoY Change 2.11% 0.46% 0.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $29.57M $27.39M $27.39M
Total Long-Term Liabilities $505.1M $499.4M $499.4M
Total Liabilities $534.6M $526.8M $592.9M
YoY Change 0.55% -0.97% -0.88%
SHAREHOLDERS EQUITY
Retained Earnings -$335.6M -$324.9M
YoY Change 11.5% 9.89%
Common Stock $680.0K $538.0K
YoY Change 593.88% 448.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$29.03M -$21.29M $75.41M
YoY Change
Total Liabilities & Shareholders Equity $667.6M $668.3M $668.3M
YoY Change -1.99% -2.37% -2.37%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$8.707M $12.38M -$4.687M
YoY Change 180.78% -311.72% -62.37%
Depreciation, Depletion And Amortization $6.598M $6.860M $28.50M
YoY Change 45.88% -6.26% 111.28%
Cash From Operating Activities $5.234M $5.902M $20.93M
YoY Change 41.96% 110.49% -31.94%
INVESTING ACTIVITIES
Capital Expenditures $4.134M $8.403M $24.28M
YoY Change -0.51% 294.69% 185.28%
Acquisitions
YoY Change
Other Investing Activities -$3.500M -$7.241M
YoY Change -140.12% -168.9%
Cash From Investing Activities -$4.134M -$11.90M -$31.52M
YoY Change -0.51% -280.51% -76.39%
FINANCING ACTIVITIES
Cash Dividend Paid $2.688M $10.75M
YoY Change 0.0% 300.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$2.393M -3.049M -$5.471M
YoY Change -26.95% -61.08% -104.63%
NET CHANGE
Cash From Operating Activities $5.234M 5.902M $20.93M
Cash From Investing Activities -$4.134M -11.90M -$31.52M
Cash From Financing Activities -$2.393M -3.049M -$5.471M
Net Change In Cash -$1.293M -9.050M -$16.06M
YoY Change -65.46% -679.01% -203.96%
FREE CASH FLOW
Cash From Operating Activities $5.234M $5.902M $20.93M
Capital Expenditures $4.134M $8.403M $24.28M
Free Cash Flow $1.100M -$2.501M -$3.346M
YoY Change -335.04% -470.52% -115.04%

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GainLossOnRepurchaseOfDebtInstrument
-1647000 usd
CY2022 us-gaap Gain Loss On Repurchase Of Debt Instrument
GainLossOnRepurchaseOfDebtInstrument
0 usd
CY2023 whlr Gain Loss On Preferred Stock Redemptions
GainLossOnPreferredStockRedemptions
9893000 usd
CY2022 whlr Gain Loss On Preferred Stock Redemptions
GainLossOnPreferredStockRedemptions
0 usd
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
685000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 usd
CY2023 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-10000 usd
CY2022 us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
32000 usd
CY2023 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2204000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2604000 usd
CY2023 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
522000 usd
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
361000 usd
CY2023 whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
0 usd
CY2022 whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
760000 usd
CY2023 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
103000 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
1961000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2745000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-4381000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1359000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8626000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20934000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
30758000 usd
CY2023 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
4259000 usd
CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
135510000 usd
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
20021000 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
8511000 usd
CY2023 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
10000000 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 usd
CY2023 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
2759000 usd
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
10509000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-31521000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-133512000 usd
CY2023 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4440000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
12683000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
10752000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
2688000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
123230000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
400000000 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
108635000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
263815000 usd
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
3116000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
CY2023 whlr Payments Of Loan Prepayment Penalties
PaymentsOfLoanPrepaymentPenalties
1758000 usd
CY2022 whlr Payments Of Loan Prepayment Penalties
PaymentsOfLoanPrepaymentPenalties
2614000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5471000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
118200000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16058000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15446000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39807000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55865000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18404000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28491000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
21403000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
27374000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39807000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55865000 usd
CY2023Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9913
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
75 center
CY2023Q4 whlr Numberof Real Estate Properties Undeveloped
NumberofRealEstatePropertiesUndeveloped
4 property
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 usd
CY2023Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 usd
CY2023 whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2023 whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2023 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>
CY2023 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. Additionally, certain lease agreements </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 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>
CY2023 whlr Lessor Operating Lease Number Of Underlying Asset Classes
LessorOperatingLeaseNumberOfUnderlyingAssetClasses
2 assetclass
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2023 whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.90
CY2023 whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
CY2023 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.
CY2023 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
5500000 usd
CY2022 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
700000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023 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. These reclassifications had no effect on net loss. All per share </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">amounts, common units and shares outstanding, warrants, and conversion features of the Convertible Notes for all periods presented reflect our one-for-ten Reverse Stock Split, which was effective August 17, 2023.</span></div>
CY2023 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
57000 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
160000 usd
CY2023 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
460000 usd
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
584000 usd
CY2023 whlr Preferred Stock Accretion Of Liquidation Discount
PreferredStockAccretionOfLiquidationDiscount
15288000 usd
CY2022 whlr Preferred Stock Accretion Of Liquidation Discount
PreferredStockAccretionOfLiquidationDiscount
0 usd
CY2023 whlr Preferred Stock Redemption
PreferredStockRedemption
33044000 usd
CY2022 whlr Preferred Stock Redemption
PreferredStockRedemption
0 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1047000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
238000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
48000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
1001000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
956000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
25216000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
19957000 usd
CY2023 us-gaap Depreciation
Depreciation
18100000 usd
CY2022 us-gaap Depreciation
Depreciation
13500000 usd
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
800000 usd
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
7461000 usd
CY2022Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
7165000 usd
CY2023Q4 whlr Tenant Relationships
TenantRelationships
280000 usd
CY2022Q4 whlr Tenant Relationships
TenantRelationships
500000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
2224000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1456000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
3000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
21000 usd
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
28028000 usd
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
35880000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
69900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
62400000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6100000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6818000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5079000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3561000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3006000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1978000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5359000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25801000 usd
CY2023Q4 whlr Secured Debt Gross Of Unamortized Debt Issuance Cost
SecuredDebtGrossOfUnamortizedDebtIssuanceCost
495572000 usd
CY2022Q4 whlr Secured Debt Gross Of Unamortized Debt Issuance Cost
SecuredDebtGrossOfUnamortizedDebtIssuanceCost
482447000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17998000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
16418000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
477574000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
466029000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7220000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12313000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
16261000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3048000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
12924000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
443806000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
495572000 usd
CY2023 whlr Interest Expense Adjusted For Vwap Discount
InterestExpenseAdjustedForVWAPDiscount
1649000 usd
CY2023 us-gaap Interest And Debt Expense
InterestAndDebtExpense
3908000 usd
CY2022 whlr Interest Expense Adjusted For Vwap Discount
InterestExpenseAdjustedForVWAPDiscount
1429000 usd
CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
3739000 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
CY2023Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3653000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
7111000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P36Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
815000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
819000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
823000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
827000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
829000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
19591000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23704000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13375000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10329000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
900000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3100000 usd
CY2023 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-4849000 usd
CY2022 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-2079000 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1370000 usd
CY2022 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
800000 usd
CY2023 whlr Revenues Gross
RevenuesGross
102847000 usd
CY2022 whlr Revenues Gross
RevenuesGross
77006000 usd
CY2023 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
522000 usd
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
361000 usd
CY2023 us-gaap Revenues
Revenues
102325000 usd
CY2022 us-gaap Revenues
Revenues
76645000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
72501000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
67049000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
58314000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
49013000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
37215000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
100113000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
384205000 usd
CY2023Q4 whlr Shares Authorized
SharesAuthorized
215000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2023Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9913
CY2022Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9905
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9809195 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
980919 shares
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
0 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
143320000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
471555000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
45039000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
149910000 usd
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
510004000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
659914000 usd
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
926000000 usd
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
95052000 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
CY2023 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
3720000 usd
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
185019000 usd
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
18999000 usd
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
6777000 usd
CY2023 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
0 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
760000 usd
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
676000 usd
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
11379000 usd
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
659914000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
637871000 usd

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