AP NEWS

Wheeler Real Estate: 3Q Earnings Snapshot

November 7, 2018

VIRGINIA BEACH, Va. (AP) _ Wheeler Real Estate Investment Trust Inc. (WHLR) on Tuesday 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 $1.3 million, or 13 cents 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 $3.8 million, or 41 cents per share.

The real estate investment trust posted revenue of $16.2 million in the period.

The company’s shares closed at $3.66. A year ago, they were trading at $8.54.

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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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