WHLRPWheeler Real Estate Investment Trust, Inc.

$5M

Q4 2023 Earnings

Real Estate REIT - Retail

Income Statement

Revenue

$26M-2.6% YoY

Gross Profit

$11M40.3% margin

Operating Income

$17M64.4% margin

Net Income

$16M62.6% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

-$3M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$668M

Total Liabilities

$527M

Stockholders' Equity

$75M

Cash & Equivalents

$18M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$26M	$27M	-2.6%
Gross Profit	$11M	$18M	-40.7%
Operating Income	$17M	$7M	+129.2%
Net Income	$16M	-$4M	+559.1%

Revenue Segments

Base Rent

$18M74%

Tenant Reimbursements

$6M23%

Other Services

$411,0002%

Lease Termination Fees

$210,0001%

WHLRP Q4 2023 Earnings — Wheeler Real Estate Investment Trust, Inc. Revenue & Financial Results | Market Cap Arena