secwatch.observer — SEC 8-K summary
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Issuer:     Broad Street Realty, Inc. (BRST)
CIK:        0000764897
Form:       8-K/A
Filed at:   2021-08-20T23:59:59+00:00
Accession:  0001564590-21-045278
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broad Street Realty files historical financials for three acquired centers; 2020 total revenues $5.7M, NOI $3.6M
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- Combined rental revenues: $1.37M (Q1 2021 unaudited) and $5.75M (2020); total operating expenses $0.58M and $2.11M.
- Total consideration for three shopping centers approx $8.2M: 6.33M shares issued + $0.8M cash.
- Company assumed $31.5M mortgage debt and issued $3.9M preferred equity (13.5% cumulative return) with warrants for 200K shares at $2.50.
- Pro forma net loss attributable to common stockholders: $(2.38M) for Q1 2021 ($0.08/sh) and $(10.71M) for 2020 ($0.38/sh).
- Future minimum lease payments under tenant leases total $18.5M as of Dec 31, 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764897/000156459021045278/0001564590-21-045278-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764897/000156459021045278/brst-8ka_20210604.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-045278

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