v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate:    
Investment properties $ 281,299 $ 303,858
Less accumulated depreciation (124,658) (131,698)
Real estate, net 156,641 172,160
Cash and cash equivalents 4,068 23,092
Restricted cash 10,066 7,532
Receivables, net 5,740 5,655
Deferred costs and other assets, net 7,230 8,492
TOTAL ASSETS 183,745 216,931
LIABILITIES AND EQUITY    
Loans payable, net 144,056 142,961
Accounts payable, accrued expenses, and other liabilities 6,185 7,003
Due to Wheeler Real Estate Investment Trust, Inc. $ 9,902 $ 9,491
Due to Wheeler Real Estate Investment Trust, Inc. [Extensible Enumeration] Related Party Related Party
Below market lease intangibles, net $ 1,174 $ 1,265
Total liabilities 161,317 160,720
Commitments and contingencies (Note 6)
Equity:    
Preferred stock 93,117 139,794
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding) 823 823
Additional paid-in capital 870,404 868,945
Cumulative distributions in excess of net income (941,916) (953,351)
Total equity 22,428 56,211
TOTAL LIABILITIES AND EQUITY 183,745 216,931
Land    
Real estate:    
Investment properties 50,674 56,897
Buildings and improvements    
Real estate:    
Investment properties $ 230,625 $ 246,961

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