Broad Street Realty Files Q2 2025 10-Q

TL;DR

Broad Street Realty's Q2 2025 10-Q is in. Check financials for the latest.

AI Summary

Broad Street Realty, Inc. filed its 10-Q for the period ending June 30, 2025. The filing details financial performance and operational updates for the second quarter. Key information includes the company's address in Reston, VA, and its fiscal year end of December 31.

Why It Matters

This filing provides investors with an update on Broad Street Realty's financial health and strategic direction for the second quarter of 2025.

Risk Assessment

Risk Level: medium — The filing is a standard 10-Q, but the nature of real estate investments can carry inherent market and financial risks.

Key Numbers

• 1231 — Fiscal Year End (Indicates the end of the company's annual financial reporting period.)

Key Players & Entities

• Broad Street Realty, Inc. (company) — Filer
• Reston, VA (location) — Business Address
• MedAmerica Properties Inc. (company) — Former Company Name
• Banyan Rail Services Inc. (company) — Former Company Name
• BHIT INC (company) — Former Company Name
• 20250630 (date) — Period of Report

FAQ

Filing Documents

• brst-20250630.htm (10-Q) — 3663KB
• brst-ex31_1.htm (EX-31.1) — 16KB
• brst-ex31_2.htm (EX-31.2) — 17KB
• brst-ex32_1.htm (EX-32.1) — 14KB
• 0000950170-25-110128.txt ( ) — 15313KB
• brst-20250630.xsd (EX-101.SCH) — 1841KB
• brst-20250630_htm.xml (XML) — 3115KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.

Controls and Procedures

Controls and Procedures 41 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 42 Item 1A.

Risk Factors

Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3. Defaults Upon Senior Securities 43 Item 4. Mine Safety Disclosures 43 Item 5. Other Information 43 Item 6. Exhibits 44

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Financial Statem ents

Item 1. Financial Statem ents BROAD STREET REALTY, INC. AND SUBSIDIARIES Condensed Cons olidated Balance Sheets (in thousands, except share and per share amounts) (Unaudited) June 30, 2025 December 31, 2024 (audited) Assets Real estate properties Land $ — $ 54,936 Building and improvements — 288,042 Intangible lease assets — 32,967 Construction in progress — 604 Furniture and equipment — 1,774 Less accumulated depreciation and amortization — ( 66,907 ) Total real estate properties, net — 311,416 Cash and cash equivalents 726 16,160 Restricted cash 24 4,574 Investment in Eagles Sub-OP 34,576 — Straight-line rent receivable — 4,110 Commission, tenant and other accounts receivable, net of allowance of $ 337 and $ 374 , respectively 1,141 1,690 Derivative assets — 737 Other assets, net 1,119 6,564 Total Assets $ 37,586 $ 345,251 Liabilities and Equity Liabilities Mortgage and other indebtedness, net (includes $ 0 and $ 16,911 , respectively, at fair value under the fair value option) $ — $ 247,050 Accounts payable and accrued liabilities 4,456 15,292 Unamortized intangible lease liabilities, net — 321 Payables due to related parties 19 48 Deferred tax liabilities 1,188 — Deferred revenue — 841 Total liabilities 5,663 263,552 Commitments and contingencies Temporary Equity Redeemable noncontrolling Fortress preferred interest — 98,356 Permanent Equity Preferred stock, $ 0.01 par value, 1,000,000 shares authorized: Series A preferred stock, 20,000 shares authorized, 500 shares issued and outstanding at each of June 30, 2025 and December 31, 2024 — — Common stock, $ 0.01 par value, 300,000,000 shares authorized, 34,820,022 and 35,037,193 issued and outstanding at June 30, 2025 and December 31, 2024, respectively 348 350 Additional paid in capital 46,776 38,726 Accumulated defi

View Full Filing

View this 10-Q filing on SEC EDGAR