Trinity Place Holdings Inc. Files Q2 2024 10-Q
Ticker: TPHS · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 724742
| Field | Detail |
|---|---|
| Company | Trinity Place Holdings Inc. (TPHS) |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, real-estate
TL;DR
TPHS Q2 10-Q filed. Financials updated.
AI Summary
Trinity Place Holdings Inc. filed its 10-Q for the period ending June 30, 2024. The company reported its financial position, including retained earnings, additional paid-in capital, and accumulated other comprehensive income as of various dates in 2023 and 2024. Specific dollar amounts for these accounts were not detailed in the provided excerpt.
Why It Matters
This filing provides stakeholders with an update on Trinity Place Holdings Inc.'s financial health and capital structure as of mid-2024.
Risk Assessment
Risk Level: low — The provided excerpt is a standard 10-Q filing header and does not contain information that would indicate significant new risks.
Key Players & Entities
- Trinity Place Holdings Inc. (company) — Filer
- SYMS CORP (company) — Former Company Name
FAQ
What is the reporting period for this 10-Q filing?
The conforming period of report is 20240630, meaning the quarter ending June 30, 2024.
When was this 10-Q filed?
This 10-Q was filed on 20240814.
What is Trinity Place Holdings Inc.'s primary business classification?
Trinity Place Holdings Inc. is classified under 'OPERATORS OF NONRESIDENTIAL BUILDINGS' with SIC code 6512.
What are some of the key financial statement components reported in the filing?
The filing references us-gaap:RetainedEarningsMember, us-gaap:AdditionalPaidInCapitalMember, and us-gaap:AccumulatedOtherComprehensiveIncomeMember.
Has Trinity Place Holdings Inc. had previous names?
Yes, the company was formerly known as SYMS CORP, with a name change date of 19920703.
Filing Stats: 4,812 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-08-14 16:20:38
Key Financial Figures
- $0.01 — hange on which registered Common Stock $0.01 Par Value Per Share TPHS NYSE Ameri
Filing Documents
- tphs-20240630x10q.htm (10-Q) — 1780KB
- tphs-20240630xex10d1.htm (EX-10.1) — 86KB
- tphs-20240630xex10d2.htm (EX-10.2) — 129KB
- tphs-20240630xex31d1.htm (EX-31.1) — 12KB
- tphs-20240630xex31d2.htm (EX-31.2) — 11KB
- tphs-20240630xex32d1.htm (EX-32.1) — 7KB
- tphs-20240630xex32d2.htm (EX-32.2) — 7KB
- 0001558370-24-012240.txt ( ) — 8045KB
- tphs-20240630.xsd (EX-101.SCH) — 59KB
- tphs-20240630_cal.xml (EX-101.CAL) — 52KB
- tphs-20240630_def.xml (EX-101.DEF) — 236KB
- tphs-20240630_lab.xml (EX-101.LAB) — 470KB
- tphs-20240630_pre.xml (EX-101.PRE) — 364KB
- tphs-20240630x10q_htm.xml (XML) — 1308KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 37 Item 4.
Controls and Procedures
Controls and Procedures 37 PART II. OTHER INFORMATION 38 Item 1.
Legal Proceedings
Legal Proceedings 38 Item 1A.
Risk Factors
Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 3. Defaults Upon Senior Securities 39 Item 4. Mine Safety Disclosures 39 Item 5. Other Information 39 Item 6. Exhibits 40 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (unaudited)
Item 1. Condensed Consolidated Financial Statements (unaudited) TRINITY PLACE HOLDINGS INC. CONSOLIDATED BALANCE SHEETS (unaudited) (In thousands, except par value and share amounts) June 30, December 31, 2024 2023 ASSETS Real estate, net $ — $ 62,324 Residential condominium units for sale — 184,561 Cash and cash equivalents 854 264 Restricted cash 1,643 8,081 Prepaid expenses and other assets, net 158 2,774 Pension asset 1,370 1,370 Investment in unconsolidated joint venture — — Receivables 125 356 Deferred rents receivable — 307 Right-of-use asset 317 519 Intangible assets, net — 6,952 Total assets $ 4,467 $ 267,508 LIABILITIES Loans payable, net $ — $ 194,628 Corporate credit facility, net — 40,791 Secured line of credit — 11,750 Accounts payable and accrued expenses 656 28,273 Accrued professional fees 1,639 1,545 Lease liability 346 569 Total liabilities 2,641 277,556 Commitments and Contingencies STOCKHOLDERS' (DEFICIT) EQUITY Preferred stock, $ 0.01 par value; 40,000,000 shares authorized; no shares issued and outstanding — — Preferred stock, $ 0.01 par value; 2 shares authorized; no shares issued and outstanding at June 30, 2024 and December 31, 2023 — — Special stock, $ 0.01 par value; 1 share authorized, issued and outstanding at June 30, 2024 and December 31, 2023 — — Common stock, $ 0.01 par value; 79,999,997 shares authorized; 71,031,987 and 44,965,083 shares issued at June 30, 2024 and December 31, 2023, respectively; 64,089,390 and 38,199,386 shares outstanding at June 30, 2024 and December 31, 2023, respectively 711 450 Additional paid-in capital 149,575 145,301 Treasury stock ( 6,942,597 and 6,765,697 shares at June 30, 2024 and December 31, 2023, respectively) ( 57,665 ) ( 57,637 ) Accumulated other comprehensive loss ( 2,017 ) ( 2,257 ) Accumulated deficit ( 88,778 ) ( 95,905 ) Total stockholders' equity