Related Party Transactions |
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions | Related Party Transactions Related Party Transactions with Cedar The Company performs property management and leasing services for Cedar, a subsidiary of the Company, pursuant to the management agreement entered into by and between the companies (the "Wheeler Real Estate Company Management Agreement"). During the three and six months ended June 30, 2026, Cedar paid the Company $0.5 million and $0.7 million for these services, respectively. During the three and six months ended June 30, 2025, Cedar paid the Company $0.2 million and $0.7 million for these services, respectively. The Operating Partnership and Cedar’s operating partnership, Cedar Realty Trust Partnership, L.P., are party to a cost sharing and reimbursement agreement, pursuant to which the parties agreed to share costs and expenses associated with certain employees, certain facilities and property, and certain arrangements with third parties (the "Cost Sharing Agreement"). Related party amounts due to the Company from Cedar are comprised of (in thousands):
(1) Includes allocations for executive compensation and directors and officers liability insurance. (2) These related party amounts have been eliminated for consolidation purposes. See Note 10 for information regarding the Company's Cedar Series C Preferred Stock contributions to Cedar. Investment securities - related party The Company has investments held with SAI, a related party. For the three and six months ended June 30, 2026, the investment fees described in Note 4 were $0.2 million and $0.3 million, respectively. For the three and six months ended June 30, 2025, the investment fees described in Note 4 were $0.3 million and $0.4 million, respectively. See Note 4 for additional details.
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