Name | Value |
---|---|
Revenues | 26.3M |
Cost of Revenue | 15.0M |
Gross Profit | 11.3M |
Operating Expense | 17.7M |
Operating I/L | 3.7M |
Other Income/Expense | -13.9M |
Interest Income | 0.1M |
Pretax | -2.4M |
Income Tax Expense | 0.0M |
Net Income/Loss | -5.1M |
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.