Wheeler Real Estate: Q3 Earnings Snapshot

Associated Press Finance

2024-11-08

VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Wheeler Real Estate Investment Trust Inc. (WHLR) on Thursday reported a key measure of profitability in its third quarter.

The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $679,000, or $1.75 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $35.7 million, or $91.99 per share.

The real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $24.8 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHLR at https://www.zacks.com/ap/WHLR

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(AP) — VIRGINIA BEACH, Va. (AP) — <a href=\"https://laohu8.com/S/WHLRL\">Wheeler Real Estate Investment Trust Inc</a>. (WHLR) on Thursday reported a key measure of profitability in its third quarter.</p>\n<p>The real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $679,000, or $1.75 per share, in the period.</p>\n<p>Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.</p>\n<p>The company said it had a loss of $35.7 million, or $91.99 per share.</p>\n<p>The real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $24.8 million in the period.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(WHLR) on Thursday reported a key measure of profitability in its third quarter.\nThe real estate investment trust, based in Virginia Beach, Virginia, said it had funds from operations of $679,000, or $1.75 per share, in the period.\nFunds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.\nThe company said it had a loss of $35.7 million, or $91.99 per share.\nThe real estate investment trust, based in Virginia Beach, Virginia, posted revenue of $24.8 million in the period.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WHLR at https://www.zacks.com/ap/WHLR","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}