WHLRPWheeler Real Estate Investment Trust, Inc.

$5M

Q1 2024 Earnings

Real Estate REIT - Retail

Income Statement

Revenue

$26M-0.7% YoY

Gross Profit

$17M65.0% margin

Operating Income

$7M28.9% margin

Net Income

-$9M-33.7% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$1M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$668M

Total Liabilities

$535M

Stockholders' Equity

$67M

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26M	$26M	-0.7%
Gross Profit	$17M	$17M	-1.7%
Operating Income	$7M	$7M	+13.8%
Net Income	-$9M	-$3M	-180.8%

Revenue Segments

Base Rent

$18M75%

Tenant Reimbursements

$6M24%

Other Services

$168,0001%

Lease Termination Fees

$9,0000%

WHLRP Q1 2024 Earnings — Wheeler Real Estate Investment Trust, Inc. Revenue & Financial Results | Market Cap Arena