Trinity Place (TPHS)

Company Profile

Trinity Place Holdings Inc. is a real estate holding, investment, development and asset management company. The Company's largest asset is currently a property located at 77 Greenwich Street in Lower Manhattan. 77 Greenwich is under development as a mixed-use project consisting of a 90-unit residential condominium tower, retail space and a New York City elementary school. The Company also owns a newly built 105-unit, 12-story multi-family property located at 237 11th Street in Brooklyn, New York, and, through joint ventures, a 50% interest in a newly built 95-unit multi-family property known as The Berkley, located at 223 North 8th Street, Brooklyn and a 10% interest in a newly built 234-unit multi-family property located one block from The Berkley at 250 North 10th Street also 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, a legacy of its predecessor, Syms Corp. The Company also had approximately $232.0 million of federal net operating loss carry forwards at December 31, 2020, which can be used to reduce its future taxable income and capital gains.

Company profile

Ticker

TPHS

Exchange

NYSEAMERICAN

Website

www.trinityplaceholdings.com

CEO

Matthew Messinger

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Retail Trade > Family Clothing Stores

Industry (SIC)

Operators of Nonresidential Buildings

WeWork • Piedmont Office Realty Trust • Spirit Realty Capital • J.W. Mays • Gyrodyne • AmBase • Awaysis Capital • Zoned Properties • Irsa Propiedades Comerciales • Elbit Imaging ...

Former names

SYMS CORP, Trinity Place Holdings Inc

SEC CIK

0000724742

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

470 4th Avenue Fee Owner LLC • 470 4th Avenue Owner LLC • Filene’s Basement, LLC • TPH 223 N 8th Investor LLC • TPH 250 N 10 Investor LLC • TPH 470 4th Avenue Investor LLC • TPH Forest Hill LLC • TPH IP LLC • TPH Merrick LLC • TPH Route 17 LLC ...

IRS number

222465228

TPHS stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

8-K

Entry into a Material Definitive Agreement

14 Nov 22

Quarterly report (amended)

5 Oct 22

10-K/A

2021 FY

Annual report (amended)

5 Oct 22

8-K

TPHS Provides Update on Strategic Discussions and NYSE Listing

7 Sep 22

Trinity Place Holdings Inc. Receives Expected Notice from NYSE American Regarding Delayed Quarterly Report

29 Aug 22

8-K

Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

17 Aug 22

NT 10-Q

Notice of late quarterly filing

16 Aug 22

8-K

2022 Annual Meeting CEO Remarks

29 Jun 22

Latest ownership filings

View all

Financial summary

Financial statements Chart TPHS financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	11.67 mm	11.67 mm	11.67 mm	11.67 mm	11.67 mm	11.67 mm
Cash burn (monthly)	1.57 mm	81.42 k	2.09 mm	1.40 mm	(no burn)	(no burn)
Cash used (since last report)	6.49 mm	336.13 k	8.63 mm	5.78 mm	n/a	n/a
Cash remaining	5.18 mm	11.34 mm	3.04 mm	5.90 mm	n/a	n/a
Runway (months of cash)	3.3	139.2	1.5	4.2	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

TPHS institutional ownership history Ownership history

75.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	27	31	-12.9%
Opened positions	1	2	-50.0%
Closed positions	5	3	+66.7%
Increased positions	7	9	-22.2%
Reduced positions	6	8	-25.0%

13F shares	Current	Prev Q	Change
Total value	28.39 mm	1.51 bn	-98.1%
Total shares	27.73 mm	29.55 mm	-6.2%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
MFP Investors	9.16 mm	$12.00 mm	0.0%
Price Jennifer C.	9.16 mm	$8.08 mm	0.0%
Third Avenue Management	5.31 mm	$4.69 mm	-1.9%
Vanguard	1.10 mm	$967.00 k	+0.3%
Oppenheimer & Close	616.01 k	$543.00 k	0.0%
O'Keefe Stevens Advisory	478.78 k	$422.00 k	+0.2%
TETAA Teton Advisors	440.00 k	$388.00 k	-5.4%
Bulldog Investors	250.04 k	$221.00 k	0.0%
Gabelli Funds	188.66 k	$166.00 k	-4.1%
Dimensional Fund Advisors	188.19 k	$166.00 k	-15.3%

Largest transactions	Shares	Bought/sold	Change
Kahn Brothers	0.00	-1.46 mm	EXIT
BLK Blackrock	80.28 k	-178.24 k	-68.9%
Third Avenue Management	5.31 mm	-104.01 k	-1.9%
First Manhattan	121.27 k	+49.64 k	+69.3%
STT State Street	0.00	-47.16 k	EXIT
Dimensional Fund Advisors	188.19 k	-33.92 k	-15.3%
TETAA Teton Advisors	440.00 k	-25.00 k	-5.4%
Veritable	0.00	-23.53 k	EXIT
CIBC World Markets	152.81 k	+21.26 k	+16.2%
Renaissance Technologies	0.00	-14.91 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TPHS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Jan 23	Messinger, Matthew	Common Stock	Payment of exercise	Dispose F	No	No	0.86	35,911	30.88 k	2,018,371
31 Jan 23	Messinger, Matthew	Common Stock	Option exercise	Acquire M	No	No	0	73,333	0.00	2,054,282
31 Jan 23	Messinger, Matthew	Common Stock	Payment of exercise	Dispose F	No	No	0.86	32,646	28.08 k	1,980,949
31 Jan 23	Messinger, Matthew	Common Stock	Option exercise	Acquire M	No	No	0	66,667	0.00	2,013,595
31 Jan 23	Messinger, Matthew	Common Stock	Payment of exercise	Dispose F	No	No	0.86	32,646	28.08 k	1,946,928
31 Jan 23	Messinger, Matthew	Common Stock	Option exercise	Acquire M	No	No	0	66,666	0.00	1,979,574
31 Jan 23	Messinger, Matthew	Common Stock	Payment of exercise	Dispose F	No	No	0.86	14,691	12.63 k	1,912,908
31 Jan 23	Messinger, Matthew	Common Stock	Option exercise	Acquire M	No	No	0	30,000	0.00	1,927,599
31 Jan 23	Messinger, Matthew	Common Stock	Payment of exercise	Dispose F	No	No	0.86	10,134	8.72 k	1,897,599
31 Jan 23	Messinger, Matthew	Common Stock	Option exercise	Acquire M	No	No	0	20,697	0.00	1,907,733

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

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