Financial Performance - Net income attributable to common shareholders for the second quarter of 2019 was $27 million, or $003 per diluted share[9] - NAREIT-defined FFO for the second quarter of 2019 was $102 million, or $011 per diluted share[10] - The company updates its previously-announced 2019 guidance for net income attributable to common shareholders per diluted share to $002 - $003[18] - The company updates its previously-announced 2019 guidance for NAREIT-defined FFO per diluted share to $043 - $044[18] Portfolio and Leasing Activities - The company signed 37 new and renewal leases for 452400 square feet in the second quarter of 2019[8] - On a comparable space basis, the company leased 448000 square feet at a negative lease spread of 25% on a cash basis in the second quarter of 2019[11] - The company's total portfolio, excluding properties held for sale, was 915% leased as of June 30, 2019[13] Acquisitions and Dispositions - The company acquired Girard Plaza for $85 million on June 19, 2019[14] - The company sold Fort Washington Center for $90 million on June 26, 2019, resulting in a gain on sale of $28 million[14] Balance Sheet - As of June 30, 2019, the company had $1174 million available under its revolving credit facility[15] - As of June 30, 2019, the company reported net debt to EBITDAre of 83 times[15]
Wheeler Real Estate Investment Trust(WHLR) - 2019 Q2 - Earnings Call Presentation