Wheeler Real Estate: Q4 Earnings Snapshot
Tuesday, Wheeler Real Estate Investment Trust Inc. (NYSE: WHLR) said its essential profitability indicators are strong and released the company’s fourth quarter earnings.
The real estate investment trust industry measures REITs by funds from operations (FFO), a key yardstick likened to net income, adjusted for depreciation and amortization. The firm, which delivered a net income of $34 million, or a per share loss of $3.50, also announced another round of layoffs that were expected to cut costs further.
Wheeler REIT’s revenues for the quarter came in at $29 million with its portfolio performance staying steady.
The Company reported
- Funds from operations: $7.8 million
- Total revenue: $110 million
Positioned as a key player in the commercial real estate sector, focusing on investment, Wheeler REIT is strengthening its real estate holdings and increasing investor value.
