Revenue: As of FY2025 Q3, the actual value is USD 23.82 M.EPS: As of FY2025 Q3, the actual value is USD -0.83.EBIT: As of FY2025 Q3, the actual value is USD 13.06 M.<h3>Segment Revenue</h3><ul><li>Rental Revenues: $23.7 million for the three months ended September 30, 2025, compared to $24.3 million for the same period in 2024. For the nine months ended September 30, 2025, rental revenues were $73.5 million compared to $75.9 million in 2024.</li><li>Other Revenues: $0.1 million for the three months ended September 30, 2025, compared to $0.5 million for the same period in 2024. For the nine months ended September 30, 2025, other revenues were $0.7 million compared to $1.1 million in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income (Loss): $13.0 million for the three months ended September 30, 2025, compared to a loss of $30.6 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $14.4 million compared to a loss of $39.0 million in 2024.</li><li>Operating Income: $5.5 million for the three months ended September 30, 2025, compared to $13.9 million for the same period in 2024. For the nine months ended September 30, 2025, operating income was $32.6 million compared to $32.9 million in 2024.</li><li>Operating Costs: Property operating expenses were $7.8 million for the three months ended September 30, 2025, compared to $8.5 million for the same period in 2024. For the nine months ended September 30, 2025, property operating expenses were $24.5 million compared to $26.3 million in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $18.8 million for the nine months ended September 30, 2025, compared to $20.6 million for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Impairment Charges: $2.5 million for the three and nine months ended September 30, 2025, compared to $1.2 million for the same periods in 2024.</li><li>Gain on Disposal of Properties: - $3 thousand for the three months ended September 30, 2025, compared to $7.1 million for the same period in 2024. For the nine months ended September 30, 2025, the gain was $10.9 million compared to $10.0 million in 2024.</li><li>Net Changes in Fair Value of Derivative Liabilities: $15.0 million gain for the three months ended September 30, 2025, compared to a loss of $39.3 million for the same period in 2024. For the nine months ended September 30, 2025, the gain was $6.3 million compared to a loss of $49.8 million in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The Company intends to continue to operate its business in a manner that will allow it to qualify as a REIT for U.S. federal income tax requirements. The Company plans to undertake measures to grow its operations and increase liquidity through delivering space currently leased but not yet occupied, backfilling vacant anchor spaces, replacing tenants who are in default of their lease terms, increasing future lease revenue through tenant improvements partially funded by restricted cash, disposition of non-core assets in the ordinary course of business, and refinancing properties.</li><li>Non-Core Business: The Company intends 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 plans 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 REAL ESTATE INVT TR INC 8.75% CUM CONV PFD SER D USD25 | 10-Q: FY2025 Q3 Revenue: USD 23.82 M