v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Real estate:    
Investment properties $ 280,208 $ 303,858
Less accumulated depreciation (122,849) (131,698)
Real estate, net 157,359 172,160
Cash and cash equivalents 7,355 23,092
Restricted cash 8,751 7,532
Receivables, net 5,502 5,655
Deferred costs and other assets, net 7,796 8,492
TOTAL ASSETS 186,763 216,931
LIABILITIES AND EQUITY    
Loans payable, net 134,106 142,961
Accounts payable, accrued expenses, and other liabilities 7,242 7,003
Due to Wheeler Real Estate Investment Trust, Inc. $ 9,599 $ 9,491
Due to Wheeler Real Estate Investment Trust, Inc. [Extensible Enumeration] Related Party Related Party
Below market lease intangibles, net $ 1,220 $ 1,265
Total liabilities 152,167 160,720
Commitments and contingencies (Note 6)
Equity:    
Preferred stock 107,324 139,794
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding) 823 823
Additional paid-in capital 869,970 868,945
Cumulative distributions in excess of net income (943,521) (953,351)
Total equity 34,596 56,211
TOTAL LIABILITIES AND EQUITY 186,763 216,931
Land    
Real estate:    
Investment properties 50,674 56,897
Buildings and improvements    
Real estate:    
Investment properties $ 229,534 $ 246,961

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