Wheeler REIT Company profile
About Wheeler Real Estate Investment Trust Inc
Wheeler Real Estate Investment Trust, INC. is a fully integrated, self-managed commercial real estate investment company. The Company is a fully-integrated, self-managed commercial real estate investment company that owns, leases and operates income-producing retail properties with a primary focus on grocery-anchored centers. The Company's portfolio consists of sixty-two properties, including fifty-eight retail shopping centers, and four undeveloped land parcels. The properties are geographically located in the Southeast, Mid-Atlantic and Northeast.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Wheeler Real Estate Investment Trust Inc revenues increased 1% to $61.3M. Net loss applicable to common stockholders increased 43% to $13.2M. Revenues reflect Percentage rent - variable lease revenue segment increase of 35% to $531K. Higher net loss reflects Net Operating Income (NOI) - Total decrease of less than 1% to $41.7M, Interest expense increase of 93% to $33M (expense).
Equity composition
Common Stock $0.01 Par, 11/12, 15M auth., 4,285,457 issd. Insiders own approx 6.66%.
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