WHLR Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	100.03	102.41	100.33	75.2	60.37	60.04
Other Revenue	1.81	1.9	1.67	1.32	0.8	0.79
Total Revenue	101.83	104.31	102	76.51	61.17	60.83
Revenue Growth (YoY	-0.89%	2.26%	33.31%	25.08%	0.57%	-3.52%
Property Expenses	33.31	35.1	34.87	25.73	19.62	18.89
Selling, General & Administrative	11.58	10.98	11.75	8.62	7.14	5.83
Depreciation & Amortization	23.73	25.32	28.5	19.54	14.8	17.29
Other Operating Expenses	-0.04	-0.27	-0.33	-0.13	-0.14	-0.18
Total Operating Expenses	68.58	71.13	74.8	53.76	41.42	41.83
Operating Income	33.26	33.18	27.2	22.75	19.76	19
Interest Expense	-33.21	-32.6	-32.31	-30.11	-33.03	-17.09
Interest & Investment Income	0.94	0.46	0.48	0.07	0.03	0
Other Non-Operating Income	50.07	-5.05	7.87	-2.33	3.77	-0.44
EBT Excluding Unusual Items	51.06	-4.01	3.24	-9.61	-9.47	1.46
Gain (Loss) on Sale of Investments	0.06	0.84	0.69	-	-	-
Gain (Loss) on Sale of Assets	6.46	5.55	2.2	1.84	-0.25	-0.58
Asset Writedown	-2.49	-1.2	-	-	-	-
Total Legal Settlements	-	-	-	-0.7	-0.19	-0.6
Other Unusual Items	-0.95	-0.41	-	-	0.55	-
Pretax Income	54.14	0.77	6.13	-8.47	-9.35	0.29
Income Tax Expense	0.03	0	0.05	-	0	-
Earnings From Continuing Operations	54.12	0.77	6.08	-8.47	-9.35	0.29
Net Income to Company	54.12	0.77	6.08	-8.47	-9.35	0.29
Minority Interest in Earnings	-7.02	-10.34	-10.77	-3.98	-0.09	-0.04
Net Income	47.1	-9.58	-4.69	-12.45	-9.44	0.25
Preferred Dividends & Other Adjustments	18.04	12.6	24.55	9.06	3.8	9.53
Net Income to Common	29.05	-22.18	-29.24	-21.51	-13.24	-9.29
Operating Margin	32.66%	31.81%	26.67%	29.74%	32.30%	31.23%
Profit Margin	28.53%	-21.26%	-28.66%	-28.11%	-21.64%	-15.27%
EBITDA	54.17	55.06	50.86	40.22	34.57	35.83
EBITDA Margin	53.20%	52.79%	49.86%	52.56%	56.51%	58.90%
D&A For Ebitda	20.92	21.88	23.65	17.46	14.81	16.83
EBIT	33.26	33.18	27.2	22.75	19.76	19
EBIT Margin	32.66%	31.81%	26.67%	29.74%	32.30%	31.23%
Funds From Operations (FFO)	59.72	3.25	12.83	-3.16	-2.48	8.67
Adjusted Funds From Operations (AFFO)	-	7.19	-0.25	7.9	6.77	8.6
Effective Tax Rate	0.05%	0.13%	0.78%	-	-	-
Revenue as Reported	101.87	104.57	102.33	76.65	61.31	61

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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