other material
confidence high
sentiment neutral
materiality 0.65
Broad Street Realty posts net loss $7M, resolves $99.7M debt, NOI up 5.6%
Broad Street Realty, Inc.
- Net loss $7.0M; FFO $2.4M, AFFO $3.0M; revenues up $9.2M (28%) from prior year.
- Resolved $99.7M maturing debt: sold two centers, refinanced five loans, extended one.
- Leasing spreads avg 10.4% (new 35.9%, renewals 7.7%); portfolio 90.1% leased; 74 leases signed.
- Same-center NOI up 5.6% to $15.9M; Midtown Row 100% pre-leased for 2024-2025.