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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/07 16:03

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Wheeler Real Estate Investment Trust reported Q3 2024 revenue of $24.8 million, down 1.6% YoY, while net loss widened to $30.6 million from $11.4 million in Q3 2023. The decline was primarily driven by a $39.3 million non-cash loss from changes in derivative liabilities and $1.2 million in impairment charges, partially offset by a $7.1 million gain on property disposals.Property operating income remained relatively stable at $16.3 million compared to $16.4 million last year. The company continued its strategic initiatives with several property dispositions, including Kings Plaza for $14.2 million and Oakland Commons for $6 million. Corporate expenses decreased 15.1% to $2.1 million through cost reduction efforts.The company maintained a solid liquidity position with $37.1 million in cash and $17.9 million in restricted cash at quarter-end. Same-property NOI increased 3.1% YoY to $14.9 million, driven by a 1.1% rise in property revenue and 2.4% decrease in property expenses. Wheeler REIT completed several financing activities, including a new $25.5 million term loan agreement at 6.80% interest rate.
Wheeler Real Estate Investment Trust reported Q3 2024 revenue of $24.8 million, down 1.6% YoY, while net loss widened to $30.6 million from $11.4 million in Q3 2023. The decline was primarily driven by a $39.3 million non-cash loss from changes in derivative liabilities and $1.2 million in impairment charges, partially offset by a $7.1 million gain on property disposals.Property operating income remained relatively stable at $16.3 million compared to $16.4 million last year. The company continued its strategic initiatives with several property dispositions, including Kings Plaza for $14.2 million and Oakland Commons for $6 million. Corporate expenses decreased 15.1% to $2.1 million through cost reduction efforts.The company maintained a solid liquidity position with $37.1 million in cash and $17.9 million in restricted cash at quarter-end. Same-property NOI increased 3.1% YoY to $14.9 million, driven by a 1.1% rise in property revenue and 2.4% decrease in property expenses. Wheeler REIT completed several financing activities, including a new $25.5 million term loan agreement at 6.80% interest rate.
Wheeler房地产投资信托报告2024年第三季度营业收入为2480万美元,同比下降1.6%,而净损失从2023年第三季度的1140万美元扩大至3060万美元。下降主要是由于衍生负债变动导致的3930万美元非现金损失和120万美元的减值费用,部分被710万美元的物业处置收益抵消。物业经营收入保持相对稳定,达1630万美元,与去年1640万美元相比变化不大。公司继续实施其战略计划,包括出售Kings Plaza以1420万美元和Oakland Commons以600万美元的多项物业。通过成本削减措施,公司企业费用下降了15.1%,达到210万美元。公司在季度末保持良好的流动性,持有3710万美元现金和1790万美元受限现金。同期物业净营业收入同比增长3.1%,达到1490万美元,主要受物业营业收入1.1%的上涨和物业费用2.4%的下降推动。Wheeler REIT完成了几项融资活动,包括一份新的2550万美元的定期贷款协议,利率为6.80%。
Wheeler房地产投资信托报告2024年第三季度营业收入为2480万美元,同比下降1.6%,而净损失从2023年第三季度的1140万美元扩大至3060万美元。下降主要是由于衍生负债变动导致的3930万美元非现金损失和120万美元的减值费用,部分被710万美元的物业处置收益抵消。物业经营收入保持相对稳定,达1630万美元,与去年1640万美元相比变化不大。公司继续实施其战略计划,包括出售Kings Plaza以1420万美元和Oakland Commons以600万美元的多项物业。通过成本削减措施,公司企业费用下降了15.1%,达到210万美元。公司在季度末保持良好的流动性,持有3710万美元现金和1790万美元受限现金。同期物业净营业收入同比增长3.1%,达到1490万美元,主要受物业营业收入1.1%的上涨和物业费用2.4%的下降推动。Wheeler REIT完成了几项融资活动,包括一份新的2550万美元的定期贷款协议,利率为6.80%。
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