Wheeler Real Estate: Q2 Earnings Snapshot

About this update from Wheeler Real Estate Investment Trust, Inc.

VIRGINIA BEACH, Va. (AP) — VIRGINIA BEACH, Va. (AP) — Wheeler Real Estate Investment Trust Inc. (WHLR) on Tuesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Virginia Beach, Virginia , said it had funds from operations of $4.1 million , or $7.64 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 $5 million , or $9.45 per share. The real estate investment trust, based in Virginia Beach, Virginia , posted revenue of $26.1 million in the period. _____ 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 For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News

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