Broad Street Realty, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 15, 2023 at 03:01 am IST
Share
Broad Street Realty, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 9.21 million compared to USD 7.37 million a year ago. Revenue was USD 10.05 million compared to USD 7.93 million a year ago. Net loss was USD 7.87 million compared to USD 2.24 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to USD 0.07 a year ago.
For the nine months, sales was USD 29.67 million compared to USD 21.03 million a year ago. Revenue was USD 32.15 million compared to USD 23.63 million a year ago. Net loss was USD 13.79 million compared to USD 7.81 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to USD 0.24 a year ago.
Broad Street Realty, Inc. is a fully integrated and self-managed real estate company. The Company is focused on owning and managing essential grocery-anchored and mixed-use assets located in densely populated technology employment hubs and higher education centers within the Mid-Atlantic, Southeast, and Colorado markets. The services offered by the Company include tenant representation, investment and user sales, property management, consulting services, asset management, development/project management, and property listings. In addition, it provides commercial real estate brokerage services for its own portfolio and third-party office, industrial and retail operators and tenants. The Companyâs portfolio of properties includes Avondale Shops, Brookhill Azalea Shopping Center, Coral Hills Shopping Center, Crestview Square, Cromwell Field Shopping Center, Highlandtown Village Shopping Center, Lamar Station Plaza, Hollinswood Shopping Center, The Shops at Greenwood Village, among others.