2019 Q4 Form 10-K Financial Statement

#000162828021005085 Filed on March 18, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q1 2019
Revenue $16.07M $16.00M $63.16M
YoY Change 0.63% -1.83% -3.24%
Cost Of Revenue $4.840M $4.730M $19.13M
YoY Change 3.64% 2.83% 3.57%
Gross Profit $11.23M $11.27M $44.04M
YoY Change -0.62% -3.59% -5.9%
Gross Profit Margin 69.88% 70.46% 69.73%
Selling, General & Admin $2.090M $1.840M $6.660M
YoY Change 18.08% -27.56% -19.76%
% of Gross Profit 18.61% 16.33% 15.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.150M $3.190M $12.02M
YoY Change -16.26% 0.54% -5.06%
% of Gross Profit 45.86% 28.31% 27.29%
Operating Expenses $7.240M $12.38M $53.70M
YoY Change -8.59% -15.32% -17.74%
Operating Profit $3.990M $5.455M $10.85M
YoY Change 18.05% 99.89% 342.12%
Interest Expense -$4.590M $4.793M $18.98M
YoY Change -13.23% 4.72% -6.15%
% of Operating Profit -115.04% 87.86% 174.89%
Other Income/Expense, Net
YoY Change
Pretax Income -$680.0K $663.0K -$8.129M
YoY Change -94.74% -135.9% -54.25%
Income Tax -$10.00K $8.000K $15.00K
% Of Pretax Income 1.21%
Net Earnings -$670.0K $642.0K -$8.039M
YoY Change -94.66% -135.18% -51.28%
Net Earnings / Revenue -4.17% 4.01% -12.73%
Basic Earnings Per Share
Diluted Earnings Per Share -$69.14K $66.60K -$831.4K
COMMON SHARES
Basic Shares Outstanding 9.693M shares 9.692M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q1 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.500M $4.200M $5.500M
YoY Change 57.14% -17.65% 57.14%
Cash & Equivalents $5.451M $4.159M $5.500M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $6.905M $5.594M
Other Receivables
Total Short-Term Assets $12.40M $9.800M $12.40M
YoY Change 37.78% 1.03% 37.78%
LONG-TERM ASSETS
Property, Plant & Equipment $427.9M $434.7M $427.9M
YoY Change -1.86% -3.1% -1.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $38.90M $52.90M $38.90M
YoY Change -23.12% -15.09% -23.12%
Total Long-Term Assets $472.0M $499.3M $472.0M
YoY Change -5.43% -6.33% -5.43%
TOTAL ASSETS
Total Short-Term Assets $12.40M $9.800M $12.40M
Total Long-Term Assets $472.0M $499.3M $472.0M
Total Assets $484.4M $509.1M $484.4M
YoY Change -4.67% -6.2% -4.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.600M $10.50M $9.600M
YoY Change -20.66% -4.55% -20.66%
Accrued Expenses $11.90M $12.00M $11.90M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.50M $22.50M $21.50M
YoY Change 77.69% 60.71% 77.69%
LONG-TERM LIABILITIES
Long-Term Debt $340.9M $348.7M $340.9M
YoY Change -5.36% -6.51% -5.36%
Other Long-Term Liabilities $8.700M $15.90M $8.700M
YoY Change -40.41% 12.77% -40.41%
Total Long-Term Liabilities $349.6M $364.6M $349.6M
YoY Change -6.72% -5.81% -6.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.50M $22.50M $21.50M
Total Long-Term Liabilities $349.6M $364.6M $349.6M
Total Liabilities $371.1M $387.1M $373.2M
YoY Change -4.07% -3.53% -4.09%
SHAREHOLDERS EQUITY
Retained Earnings -$251.6M -$235.1M
YoY Change 7.89% 11.99%
Common Stock $97.00K $97.00K
YoY Change 2.11% 8.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.93M $40.30M $111.2M
YoY Change
Total Liabilities & Shareholders Equity $484.4M $509.1M $484.4M
YoY Change -4.67% -6.2% -4.66%

Cashflow Statement

Concept 2019 Q4 2019 Q1 2019
OPERATING ACTIVITIES
Net Income -$670.0K $642.0K -$8.039M
YoY Change -94.66% -135.18% -51.28%
Depreciation, Depletion And Amortization $5.150M $3.190M $12.02M
YoY Change -16.26% 0.54% -5.06%
Cash From Operating Activities $2.630M $2.697M $15.25M
YoY Change -23.99% -58.34% -30.67%
INVESTING ACTIVITIES
Capital Expenditures -$1.310M $285.0K $2.711M
YoY Change -23.84% -80.64% -51.36%
Acquisitions
YoY Change
Other Investing Activities $0.00 $3.600M $3.600M
YoY Change -100.0% 210.34% -42.58%
Cash From Investing Activities -$1.300M $3.318M $868.0K
YoY Change -9.09% -114.14% -103.87%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $0.00
YoY Change -100.0% -100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.270M -$5.409M -$12.53M
YoY Change -48.17% -124.53% -303.36%
NET CHANGE
Cash From Operating Activities 2.630M $2.697M $15.25M
Cash From Investing Activities -1.300M $3.318M $868.0K
Cash From Financing Activities -2.270M -$5.409M -$12.53M
Net Change In Cash -940.0K $606.0K $3.592M
YoY Change -60.0% -88.02% -37.13%
FREE CASH FLOW
Cash From Operating Activities $2.630M $2.697M $15.25M
Capital Expenditures -$1.310M $285.0K $2.711M
Free Cash Flow $3.940M $2.412M $12.54M
YoY Change -23.94% -51.78% -23.65%

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CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
779000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
38350000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
31665000 USD
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
31493000 USD
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
43415000 USD
CY2020 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
1106000 USD
CY2019 us-gaap Payments For Repurchase Of Redeemable Convertible Preferred Stock
PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock
0 USD
CY2020 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
552000 USD
CY2019 us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
0 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3160000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12529000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
21177000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3592000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21591000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17999000 USD
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
CY2020 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
21000 USD
CY2019 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
2000 USD
CY2020 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
677000 USD
CY2019 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
680000 USD
CY2020 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
726000 USD
CY2019 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
15000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
15889000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
17379000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7660000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5451000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
35108000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16140000 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
CY2020Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
60 Buildings
CY2020Q4 whlr Numberof Real Estate Properties Undeveloped
NumberofRealEstatePropertiesUndeveloped
6 Property
CY2020Q4 us-gaap Net Rentable Area
NetRentableArea
5561766 sqft
CY2020 whlr Occupancy Level Percentage
OccupancyLevelPercentage
0.889
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
0 USD
CY2020 whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
CY2020 whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 USD
CY2020 whlr Lessor Operating Lease Number Of Underlying Asset Classes
LessorOperatingLeaseNumberOfUnderlyingAssetClasses
2 asset_class
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
994000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1140000 USD
CY2020 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>
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
CY2020 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, 2020 and 2019, there were $4.48 million and $3.41 million, respectively, in unbilled rent which is included in "rents and other tenant receivables, net." Additionally, certain of the 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 a fraction, the numerator of which is the total number of square feet being leased by the tenant, and the denominator of which is the average total square footage of all leasable buildings at the property. The Company also receives monthly payments for these reimbursements from substantially all its tenants throughout the year. The Company recognizes tenant reimbursements as variable lease income. The Company recognizes differences between estimated recoveries and the final billed amounts in the subsequent year. These differences were not material for the years ended December 31, 2020 and 2019.</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 provides for losses related to unrecovered intangibles and other assets.</span></div>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 evaluates 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.
CY2020 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2019 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
0 USD
CY2020 whlr Revenues Gross
RevenuesGross
62134000 USD
CY2019 whlr Revenues Gross
RevenuesGross
63611000 USD
CY2020 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1131000 USD
CY2019 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
449000 USD
CY2020 us-gaap Revenues
Revenues
61003000 USD
CY2019 us-gaap Revenues
Revenues
63162000 USD
CY2020 whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.90
CY2020 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.03
CY2020 whlr Asset Management Fee Percent Fee
AssetManagementFeePercentFee
0.02
CY2020 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.
CY2020 us-gaap Professional Fees
ProfessionalFees
2466000 USD
CY2019 us-gaap Professional Fees
ProfessionalFees
2534000 USD
CY2020 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1589000 USD
CY2019 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1991000 USD
CY2020 whlr Corporate Administration Expense
CorporateAdministrationExpense
1240000 USD
CY2019 whlr Corporate Administration Expense
CorporateAdministrationExpense
1259000 USD
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
117000 USD
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
276000 USD
CY2020 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
419000 USD
CY2019 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
573000 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5831000 USD
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6633000 USD
CY2020 us-gaap Legal Fees
LegalFees
1040000.00 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11900000 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11990000 USD
CY2019Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0484
CY2020 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 income, total assets, total liabilities or equity. The revenue from asset management fees and commissions were reclassified to other revenues on the consolidated statements of operations for consistency with current period presentation.</span></div>
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
451855000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
466681000 USD
CY2020Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
59191000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
50466000 USD
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
392664000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
416215000 USD
CY2020 us-gaap Depreciation
Depreciation
11320000 USD
CY2019 us-gaap Depreciation
Depreciation
12020000.00 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
600000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1598000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1334000 USD
CY2019Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
1038000 USD
CY2020Q4 whlr Tenant Relationships
TenantRelationships
1308000 USD
CY2019Q4 whlr Tenant Relationships
TenantRelationships
2173000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
592000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
588000 USD
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
15430000 USD
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
21025000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
60330000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
57150000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5970000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3611000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2917000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2294000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1665000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1247000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3104000 USD
CY2020Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
12838000 USD
CY2019Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
1974000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4172000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
347104000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
342887000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14838000 USD
CY2020Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
353916000 USD
CY2019Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
347059000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6812000 USD
CY2020Q4 us-gaap Secured Debt
SecuredDebt
334266000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
340913000 USD
CY2020Q3 whlr Debt Instrument Restricted Cash Replenishment
DebtInstrumentRestrictedCashReplenishment
488000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
43933000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
12586000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
111875000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
44240000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
91426000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
49856000 USD
CY2020Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
353916000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
43930000 USD
CY2020Q3 whlr Numberof Undeveloped Land Parcels
NumberofUndevelopedLandParcels
6 parcel
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
44061000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
40091000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
34385000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
27053000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
21239000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
46311000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
213140000 USD
CY2020Q4 whlr Shares Authorized
SharesAuthorized
33750000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.9853
CY2020 whlr Stockholders Equity Note Unitsto Stock Conversion Ratio
StockholdersEquityNoteUnitstoStockConversionRatio
1
CY2020Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
15227758 shares
CY2019Q4 us-gaap Common Unit Outstanding
CommonUnitOutstanding
14105712 shares
CY2020Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
CY2020 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
30510000 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
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1830000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
583000 USD
CY2020Q3 whlr Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Available For Issuance
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsAvailableForIssuance
5000000 shares
CY2020Q3 whlr Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Available For Issuance Price Per Share
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsAvailableForIssuancePricePerShare
1.85
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
900000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
975000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
644000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1285000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11904000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
902000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
905000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
907000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
909000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
913000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
23785000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
28321000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15121000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
13200000 USD
CY2020Q4 whlr Lessor Operating Lease Optionto Extend Amount
LessorOperatingLeaseOptiontoExtendAmount
7540000 USD
CY2020Q2 us-gaap Former Gain Contingency Recognized In Current Period
FormerGainContingencyRecognizedInCurrentPeriod
196000 USD
CY2020Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
400000 USD
CY2020 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
439000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
97030000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
348667000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
19117000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
0 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
99544000 USD
CY2020Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
365270000 USD
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
464814000 USD
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
59685000 USD
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
468499000 USD
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
482103000 USD
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
0 USD
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
35000 USD
CY2020 us-gaap Real Estate Improvements
RealEstateImprovements
3066000 USD
CY2019 us-gaap Real Estate Improvements
RealEstateImprovements
2711000 USD
CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
600000 USD
CY2019 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
1598000 USD
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
6151000 USD
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
14752000 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

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