v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Real estate:    
Investment properties $ 250,666 $ 303,858
Less accumulated depreciation (114,525) (131,698)
Real estate, net 136,141 172,160
Cash and cash equivalents 5,151 23,092
Restricted cash 10,720 7,532
Receivables, net 5,668 5,655
Deferred costs and other assets, net 7,515 8,492
TOTAL ASSETS 165,195 216,931
LIABILITIES AND EQUITY    
Loans payable, net 140,009 142,961
Accounts payable, accrued expenses, and other liabilities 6,462 7,003
Due to Wheeler Real Estate Investment Trust, Inc. $ 11,277 $ 9,491
Due to Wheeler Real Estate Investment Trust, Inc. [Extensible Enumeration] Related Party Related Party
Below market lease intangibles, net $ 1,084 $ 1,265
Total liabilities 158,832 160,720
Commitments and contingencies (Note 10)
Equity:    
Preferred stock 76,190 139,794
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding) 823 823
Additional paid-in capital 871,851 868,945
Cumulative distributions in excess of net income (942,501) (953,351)
Total equity 6,363 56,211
TOTAL LIABILITIES AND EQUITY 165,195 216,931
Land and land improvements    
Real estate:    
Investment properties 48,692 56,897
Buildings and improvements    
Real estate:    
Investment properties $ 201,974 $ 246,961

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