WHEELER REAL ESTATE INVT TR INC 9% CUM CONV PFD SER B | 10-Q: FY2025 Q2 Revenue: USD 26.1 M

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.

Segment Revenue

• Rental Revenues: $25.656 million for the three months ended June 30, 2025, compared to $25.894 million for the same period in 2024. For the six months ended June 30, 2025, rental revenues were $49.837 million, compared to $51.589 million in 2024.

Operational Metrics

• Net Income: Net loss of $1.000 million for the three months ended June 30, 2025, compared to a net loss of $2.358 million for the same period in 2024. For the six months ended June 30, 2025, net income was $1.373 million, compared to a net loss of $8.364 million in 2024.
• Operating Income: $14.954 million for the three months ended June 30, 2025, compared to $11.522 million for the same period in 2024. For the six months ended June 30, 2025, operating income was $27.096 million, compared to $19.000 million in 2024.
• Depreciation and Amortization: $5.778 million for the three months ended June 30, 2025, compared to $6.373 million for the same period in 2024. For the six months ended June 30, 2025, depreciation and amortization were $12.009 million, compared to $12.971 million in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $13.324 million for the six months ended June 30, 2025, compared to $13.112 million for the same period in 2024.
• Net Cash Provided by (Used in) Investing Activities: $25.343 million for the six months ended June 30, 2025, compared to -$6.735 million for the same period in 2024.
• Net Cash Used in Financing Activities: -$41.306 million for the six months ended June 30, 2025, compared to -$4.420 million for the same period in 2024.

Unique Metrics

• Gain on Disposal of Properties, Net: $5.189 million for the three months ended June 30, 2025, compared to $2.883 million for the same period in 2024. For the six months ended June 30, 2025, the gain was $10.877 million, compared to $2.883 million in 2024.

Future Outlook and Strategy

• Core Business Focus: The company intends to continue opportunistically exchanging 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.
• 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.