other material
confidence high
sentiment neutral
materiality 0.50
Broad Street Realty provides historical financials for Midtown Row and Lamar Station Plaza acquisitions
Broad Street Realty, Inc.
- Midtown Row: revenue $5.6M for 9mo Sep2022, $3.4M for FY2021; excess over op expenses $3.0M and $1.8M respectively.
- Lamar Station Plaza: revenue $1.5M for 9mo Sep2022, $2.3M for FY2021; excess over op expenses $0.6M and $1.2M respectively.
- Midtown Row acquired for $118.7M cash+units, funded by $76M mortgage, $15M mezzanine, $28.4M preferred equity.
- Lamar Station Plaza acquired for ~$9.1M consideration including 573,529 OP units, assumed $15.5M mortgage, issued warrants for 500k shares.