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
|