Exhibit 99.1
Wheeler Real Estate Investment Trust, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet
June 30, 2013 (unaudited)
| | | | |
ASSETS: | | | | |
Investment properties, at cost | | $ | 55,716,630 | |
Less accumulated depreciation and amortization | | | 3,959,898 | |
| | | | |
| | | 51,756,732 | |
| |
Cash and cash equivalents | | | 865,855 | |
Rents and other tenant receivables, net | | | 836,761 | |
Deferred costs and other assets | | | 8,868,387 | |
| | | | |
Total Assets | | $ | 62,327,735 | |
| | | | |
LIABILITIES: | | | | |
Mortgages and other indebtedness | | $ | 39,939,296 | |
Below market lease intangible, net | | | 3,374,718 | |
Accounts payable, accrued expenses and other liabilities | | | 1,411,232 | |
Series A convertible preferred stock (no par value, 500,000 shares authorized, 4,500 shares issued and outstanding, respectively) | | | 4,157,000 | |
| | | | |
Total Liabilities | | | 48,882,246 | |
| | | | |
Commitments and contingencies | | | | |
| |
EQUITY: | | | | |
Common stock ($0.01 par value, 75,000,000 shares authorized, 3,301,502 shares issued and outstanding, respectively) | | | 33,015 | |
Additional paid-in capital | | | 14,097,453 | |
Accumulated deficit | | | (8,073,165 | ) |
| | | | |
Total Shareholders’ Equity | | | 6,057,303 | |
Noncontrolling interests | | | 7,388,186 | |
| | | | |
Total Equity | | | 13,445,489 | |
| | | | |
Total Liabilities and Equity | | $ | 62,327,735 | |
| | | | |