v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate:    
Investment properties $ 250,811 $ 250,666
Less accumulated depreciation (117,752) (114,525)
Real estate, net 133,059 136,141
Cash and cash equivalents 5,116 5,151
Restricted cash 12,362 10,720
Receivables, net 5,365 5,668
Deferred costs and other assets, net 6,316 7,515
TOTAL ASSETS 162,218 165,195
LIABILITIES AND EQUITY    
Loans payable, net 140,283 140,009
Accounts payable, accrued expenses, and other liabilities 5,598 6,462
Due to Wheeler Real Estate Investment Trust, Inc. $ 11,490 $ 11,277
Due to Wheeler Real Estate Investment Trust, Inc. [Extensible Enumeration] Related Party Related Party
Below market lease intangibles, net $ 993 $ 1,084
Total liabilities 158,364 158,832
Commitments and contingencies (Note 7)
Equity:    
Preferred stock (Note 8) 65,324 76,190
Common stock ($0.06 par value, 150,000,000 shares authorized, 13,718,169 shares, issued and outstanding) 823 823
Additional paid-in capital 880,549 871,851
Cumulative distributions in excess of net income (942,842) (942,501)
Total equity 3,854 6,363
TOTAL LIABILITIES AND EQUITY 162,218 165,195
Land and land improvements    
Real estate:    
Investment properties 48,694 48,692
Buildings and improvements    
Real estate:    
Investment properties $ 202,117 $ 201,974

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