Name | Value |
---|---|
Revenues | 24.8M |
Cost of Revenue | 8.4M |
Gross Profit | 16.3M |
Operating Expense | 2.5M |
Operating I/L | 13.9M |
Other Income/Expense | -44.5M |
Interest Income | 0.1M |
Pretax | -30.6M |
Income Tax Expense | 5.0M |
Net Income/Loss | -33.3M |
Wheeler Real Estate Investment Trust, Inc. is a commercial real estate investment company specializing in owning and operating income-producing retail properties, with a primary focus on grocery-anchored centers. The company generates revenue through leasing retail spaces to tenants, particularly grocery stores, and collecting rental income. By maintaining a portfolio of retail properties, Wheeler Real Estate Investment Trust, Inc. benefits from the steady cash flow generated by long-term leases and the potential for property appreciation. Their business model revolves around acquiring, managing, and optimizing retail properties to generate sustainable income and long-term value.