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Wheeler Real Estate reports 1Q results

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

The Virginia Beach, Virginia-based real estate investment trust said it had funds from operations of $2.9 million, or 31 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 $3.6 million, or 42 cents per share.

The real estate investment trust posted revenue of $14.3 million in the period.

The company's shares have fallen nearly 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.10, a rise of 16 percent in the last 12 months.


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


Keywords: Wheeler Real Estate Investment Trust, Earnings Report