Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE:      
Rental revenues $ 20,553,870 $ 11,348,955 $ 6,078,172
Asset management fees 588,990 296,290 0
Commissions 361,984 158,876 0
Tenant reimbursements and other income 6,229,361 3,069,972 1,533,189
Total Revenue 27,734,205 14,874,093 7,611,361
OPERATING EXPENSES:      
Property operations 8,351,456 4,123,439 1,658,405
Non-REIT management and leasing services 1,110,705 0 0
Depreciation and amortization 16,882,462 7,387,729 3,002,201
Provision for credit losses 243,029 60,841 106,828
Corporate general & administrative 13,480,089 9,447,010 4,594,539
Total Operating Expenses 40,067,741 21,019,019 9,361,973
Operating Loss (12,333,536) (6,144,926) (1,750,612)
Interest expense (9,043,761) (5,908,548) (2,107,303)
Net Loss from Continuing Operations (21,377,297) (12,053,474) (3,857,915)
Income (loss) from discontinued operations 499,781 307,659 (517,311)
Gain on disposal of properties 2,104,114 0 0
Net Income (Loss) from Discontinued Operations 2,603,895 307,659 (517,311)
Net Loss (18,773,402) (11,745,815) (4,375,226)
Less: Net loss attributable to noncontrolling interests (1,252,723) (1,195,560) (714,972)
Net Loss Attributable to Wheeler REIT (17,520,679) (10,550,255) (3,660,254)
Preferred stock dividends (13,627,532) (2,718,257) (141,418)
Deemed dividend for beneficial conversion feature (72,644,506) 0 0
Net Loss Attributable to Wheeler REIT Common Shareholders $ (103,792,717) $ (13,268,512) $ (3,801,672)
Loss per share:      
Loss per share from continuing operations (basic and diluted): $ (2.73) $ (1.83) $ (0.74)
Income (loss) per share from discontinued operations: 0.06 0.03 (0.08)
Earnings Per Share, Basic and Diluted $ (2.67) $ (1.80) $ (0.82)
Weighted-average number of shares:      
Basic and Diluted (in shares) 38,940,463 7,352,433 4,620,600