Revenue: As of FY2025 Q2, the actual value is USD 26.1 M.EPS: As of FY2025 Q2, the actual value is USD -9.45.<h3>Segment Revenue</h3><ul><li>Rental Revenues: $25.7 million for the three months ended June 30, 2025, compared to $25.9 million for the same period in 2024. For the six months ended June 30, 2025, rental revenues were $49.8 million compared to $51.6 million in 2024.</li><li>Other Revenues: $0.4 million for the three months ended June 30, 2025, compared to $0.4 million for the same period in 2024. For the six months ended June 30, 2025, other revenues were $0.6 million compared to $0.6 million in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Operating Income (NOI): $18.4 million for the three months ended June 30, 2025, compared to $17.6 million for the same period in 2024. For the six months ended June 30, 2025, NOI was $33.8 million compared to $34.4 million in 2024.</li><li>Depreciation and Amortization: $5.8 million for the three months ended June 30, 2025, compared to $6.4 million for the same period in 2024. For the six months ended June 30, 2025, depreciation and amortization were $12.0 million compared to $13.0 million in 2024.</li><li>Corporate General &amp; Administrative Expenses: $2.8 million for the three months ended June 30, 2025, compared to $2.6 million for the same period in 2024. For the six months ended June 30, 2025, these expenses were $5.5 million compared to $5.3 million in 2024.</li><li>Gain on Disposal of Properties, Net: $5.2 million for the three months ended June 30, 2025, compared to $2.9 million for the same period in 2024. For the six months ended June 30, 2025, the gain was $10.9 million compared to $2.9 million in 2024.</li><li>Interest Expense: $8.7 million for the three months ended June 30, 2025, compared to $8.8 million for the same period in 2024. For the six months ended June 30, 2025, interest expense was $16.8 million compared to $16.2 million in 2024.</li><li>Net Changes in Fair Value of Derivative Liabilities: - $6.4 million for the three months ended June 30, 2025, compared to - $5.0 million for the same period in 2024. For the six months ended June 30, 2025, the net change was - $8.7 million compared to - $10.5 million in 2024.</li><li>Net Income (Loss): - $1.0 million for the three months ended June 30, 2025, compared to - $2.4 million for the same period in 2024. For the six months ended June 30, 2025, net income was $1.4 million compared to - $8.4 million in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $13.3 million for the six months ended June 30, 2025, compared to $13.1 million for the same period in 2024.</li><li>Investing Cash Flow: $25.3 million for the six months ended June 30, 2025, compared to - $6.7 million for the same period in 2024.</li><li>Financing Cash Flow: - $41.3 million for the six months ended June 30, 2025, compared to - $4.4 million for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Same-Property Net Operating Income (NOI): $16.8 million for the three months ended June 30, 2025, compared to $15.1 million for the same period in 2024. For the six months ended June 30, 2025, Same-Property NOI was $30.9 million compared to $29.5 million in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The Company intends to continue to opportunistically exchange shares of its Common Stock for its Series B Preferred Stock and/or its Series D Preferred Stock with the holders thereof as an additional strategy to reduce the outstanding number of each security, enhance the Company’s financial stability, and optimize its capital allocation.</li><li>Non-Core Business: The Company plans to continue repurchasing its Cedar Series B Preferred Stock and Cedar Series C Preferred Stock as both series are currently trading at a discount to their liquidation value, presenting a strategic opportunity to buy back shares at favorable prices.</li><li>Priority: The Company intends to continue to settle redemptions of the Series D Preferred Stock in Common Stock, which will result in a substantial dilution of the outstanding Common Stock.</li></ul>

Wheeler Reit Pref Share WHLRL 7 13/31/31 | 10-Q: FY2025 Q2 Revenue: USD 26.1 M