Wheeler Real Estate Investment Trust, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Wheeler Real Estate Investment Trust, Inc. (WHLRL) has filed its Q1 2024 10-Q report, detailing financial positions and stock information.</b>

AI Summary

Wheeler Real Estate Investment Trust, Inc. (WHLRL) filed a Quarterly Report (10-Q) with the SEC on May 6, 2024. Wheeler Real Estate Investment Trust, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the fiscal quarter of 2024. The company's principal business address is 2529 Virginia Beach Blvd., Suite 200, Virginia Beach, VA. The filing includes data related to common stock, Series B Preferred Stock, Series D Preferred Stock, and A700 Subordinated Convertible Notes Due 2031. Key balance sheet items such as Land and Land Improvements, and Building and Building Improvements are reported as of March 31, 2024, and December 31, 2023.

Why It Matters

For investors and stakeholders tracking Wheeler Real Estate Investment Trust, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance and position of Wheeler Real Estate Investment Trust, Inc., crucial for understanding the company's operational health and strategic direction. The detailed breakdown of various stock classes and debt instruments offers insights into the company's capital structure and potential future financial obligations or equity changes.

Risk Assessment

Risk Level: medium — Wheeler Real Estate Investment Trust, Inc. shows moderate risk based on this filing. The company's financial health and operational performance are subject to the inherent risks of the real estate investment trust sector, including market fluctuations and property management challenges, as indicated by the nature of its business and the need for regular SEC filings.

Analyst Insight

Monitor the company's subsequent filings for trends in its property portfolio performance and debt management strategies.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed period of report)
• 2024-05-06 — Filing Date (Filed as of date)
• 2024-01-01 — Quarter Start Date (Fiscal quarter start date)

Key Players & Entities

• Wheeler Real Estate Investment Trust, Inc. (company) — Filer name
• 2529 Virginia Beach Blvd., Suite 200 (address) — Business address
• Virginia Beach (location) — City in business address
• VA (location) — State in business address
• 23452 (postal_code) — ZIP code in business address
• 757-627-9088 (phone_number) — Business phone number

FAQ

Industry Context

Wheeler Real Estate Investment Trust, Inc. operates within the Real Estate Investment Trusts (REITs) sector, which is characterized by its focus on owning, operating, or financing income-generating real estate.

Regulatory Implications

As a publicly traded company, Wheeler Real Estate Investment Trust, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of quarterly (10-Q) and annual (10-K) reports.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze the company's asset and liability structure as presented in the balance sheet.
3. Track any disclosures regarding future strategic plans or significant events.

Year-Over-Year Comparison

This filing represents the quarterly report for the period ending March 31, 2024, providing updated financial information compared to previous filings.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share WHLR Nasdaq Capital

Filing Documents

• whlr-20240331.htm (10-Q) — 1026KB
• ex311q12024.htm (EX-31.1) — 15KB
• ex312q12024.htm (EX-31.2) — 15KB
• ex32q12024.htm (EX-32) — 7KB
• 0001527541-24-000055.txt (&nbsp;) — 5889KB
• whlr-20240331.xsd (EX-101.SCH) — 48KB
• whlr-20240331_cal.xml (EX-101.CAL) — 63KB
• whlr-20240331_def.xml (EX-101.DEF) — 285KB
• whlr-20240331_lab.xml (EX-101.LAB) — 579KB
• whlr-20240331_pre.xml (EX-101.PRE) — 423KB
• whlr-20240331_htm.xml (XML) — 691KB

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023 6 Condensed Consolidated Statements of Operations (unaudited) for the three months ended March 31, 2024 and 2023 7 Condensed Consolidated Statements of (Deficit) Equity (unaudited) for the three months ended March 31, 2024 and 2023 8 Condensed Consolidated Statements of Cash Flows (unaudited) for the three months ended March 31, 2024 and 2023 10 Notes to Condensed Consolidated Financial Statements (unaudited) 11

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 31

Controls and Procedures

Item 4. Controls and Procedures 31

– OTHER INFORMATION

PART II – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 32

Risk Factors

Item 1A. Risk Factors 32

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 32

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 32

Other Information

Item 5. Other Information 32

Exhibits

Item 6. Exhibits 33

Signatures

Signatures 34 3 Table of Contents CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (the "Form 10-Q") of Wheeler Real Estate Investment Trust, Inc. (the "Trust," the "REIT," the "Company," "WHLR," "we," "our" or "us") contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") that are subject to risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "may", "will", "should", "estimates", "projects", "anticipates", "believes", "expects", "intends", "future", and words of similar import, or the negative thereof. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Forward-looking statements that were true at the time may ultimately prove to be incorrect or false. You are cautioned to not place undue reliance on forward-looking statements, which reflect our management's view only as of the date of this Form 10-Q. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Factors that could cause actual results, performance or achievements to differ materially from any forward-looking statements made in this Form 10-Q include, but are not limited to: the use

View Full Filing

View this 10-Q filing on SEC EDGAR