M&A
confidence high
sentiment neutral
materiality 0.75
Broad Street Realty acquires Greenwood Village for $27.2M in stock and debt; pro forma net loss increases
Broad Street Realty, Inc.
- Acquisition of Greenwood Village for ~$27.2M total consideration: 2.75M shares issued, $23.5M mortgage loan.
- Greenwood Village rental revenue: $3.05M (9mo Sep 2021), revenue in excess of operating expenses $1.78M.
- Pro forma net loss attributable to common stockholders $5.5M (9mo Sep 2021) vs historic combined $2.96M.
- Pro forma diluted EPS loss $0.17 (9mo Sep 2021); historical $0.25 loss.