secwatch.observer — SEC 8-K summary
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Issuer:     Broad Street Realty, Inc. (BRST)
CIK:        0000764897
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000950170-23-034437
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broad Street Realty completes two property sales for $46.1M total cash; debt of $31.6M repaid
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- Sold Dekalb Plaza (Philadelphia, 178,356 sq ft) for $23.1M cash and Spotswood Valley Square (VA, 190,646 sq ft) for $23.0M cash.
- Combined net proceeds of ~$12.9M added to cash after $31.6M debt repayment and ~$1.9M closing costs.
- Pro forma net loss attributable to common stockholders improves from $15.3M to $13.8M for FY2022 on reduced depreciation and interest.
- Pro forma total assets reduced by ~$24M to $370.1M as of March 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764897/000095017023034437/0000950170-23-034437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764897/000095017023034437/brst-20230718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-034437

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