Trinity Place Holdings Inc (A:TPHS)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 340 Madison Avenue, Suite 3C NEW YORK NY 10173 |
| Tel: | N/A |
| Website: | https://tphs.com |
| IR: | See website |
| Key People | ||
| Matthew Messinger President, Chief Executive Officer, Director | Steven Kahn Chief Financial Officer | Richard G. Pyontek Chief Accounting Officer, Treasurer, Secretary |
| Business Overview |
| Trinity Place Holdings Inc. is a real estate holding, investment, development, and asset management company. The Company operates through the commercial real estate segment. The Company's property includes 77 Greenwich Street in Lower Manhattan, which consists of a 90-unit residential condominium tower, retail space and a New York City elementary school. The Company also owns a 105-unit, 12-story multi-family property located at 237 11th Street in Brooklyn, New York. In addition, the Company owns a property occupied by retail tenants in Paramus, New Jersey. In addition to its real estate portfolio, the Company also controls a variety of intellectual property assets focused on the consumer sector, including FilenesBasement.com, its rights to the Stanley Blacker brand, as well as the intellectual property associated with the Running of the Brides event and An Educated Consumer is Our Best Customer slogan. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Trinity Place Holdings Inc revenues decreased 22% to $33.6M. Net loss increased 89% to $39M. Revenues reflect Sales of residential condominium units decrease of 26% to $27.5M, Other income decrease of 3% to $177K. Higher net loss reflects Interest Expense increase of 45% to $29.9M (expense), Interest Capitalized decrease of 86% to $689K (income). |
| Employees: | 6 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $255.65M as of Dec 31, 2023 |
| Annual revenue (TTM): | $33.60M as of Dec 31, 2023 |
| EBITDA (TTM): | -$5.06M as of Dec 31, 2023 |
| Net annual income (TTM): | -$39.02M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.65M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $246.91M as of Dec 31, 2023 |
| Shares outstanding: | 64,046,473 as of Apr 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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