Highest-materiality recent filing
BBX Capital to pursue strategic cost-cutting, deregister with SEC, cut board to 7
Cash of $87.7M at Dec 31, 2024; cites economic challenges, tariffs, recession fears.
BBX Capital Q3 loss widens to $9.9M; revenue falls 24% to $78.4M
Net loss attributable to shareholders of $9.9M vs $7.8M in Q3 2023; diluted EPS ($0.74).
BBX Capital Q2 revenues $75.2M (down 30% YoY); net loss $(10.0)M vs $(8.0)M
Total consolidated revenues $75.2M, down from $106.8M in Q2 2023.
BBX Capital JV acquires 11.3 acres for Davie logistics park; IT'SUGAR credit line raised to $7M
JV with FRP Development Corp bought 11.3 acres in Davie, FL; plans 182,000 sq ft logistics center (two buildings).
BBX Capital shareholders approve increase in incentive plan shares to 2.75M
All 12 director nominees elected with substantial majority; over 42.9M votes for each.
BBX Capital Q1 2024 net loss of $13.0M vs income $7.9M YoY; revenue down 15%
Total revenue $81.0M, down from $95.0M in Q1 2023.
BBX Capital posts Q4 2023 net loss of $12.9M vs. profit a year ago; revenue down 11%
Q4 revenue $96.1M vs. $107.6M YoY; net loss $(12.9)M vs. net income $15.4M; diluted EPS $(0.88) vs. $0.99.
BBX Capital to launch $4M tender offer for up to 500K shares at $8/share
Tender offer for up to 500,000 shares of Class A Common Stock at $8.00/share, total purchase price $4M.
BBX Capital reports Q3 net loss of $7.8M; revenue up to $103.3M but operating loss widens
Net loss of $7.8M ($0.55 diluted loss per share) vs net income of $4.0M ($0.26 EPS) in Q3 2022.
Revolving credit line temporarily raised from $22M to $24.5M through Nov 2023, then steps down to $20M by Jan 2024.
BBX Capital Q2 net loss $8.0M ($0.56/share); revenue $106.8M; Renin covenant breach
Net loss attributable to shareholders $8.0M vs net income $10.5M in Q2 2022; diluted EPS $(0.56) vs $0.68.
BBX Capital Real Estate announces sale of 312-unit Altis Ludlam Trail; $21.3M in cash distributions
Altis Ludlam Trail, a 312-unit multifamily community in Miami, sold; was 98% leased at closing.
BBX Capital shareholders elect all 12 director nominees at 2023 annual meeting
Shareholders elected all 12 director nominees, each for terms expiring at 2024 annual meeting.
BBX Capital Q1 2023 net income $7.9M on $95M revenue; Renin faces covenant breach risk
Diluted EPS $0.55 vs loss of $0.12 YoY; net income $7.9M vs loss $1.8M.
Q4 2022 revenues of $107.6M (+10% YoY); net income $15.4M (vs $5.3M); diluted EPS $0.99 (vs $0.32).
BBX Capital subsidiary Renin amends TD credit facility, receives $8M equity injection
BBX Capital contributed $1M in Dec 2022 and $7M in Feb 2023 to Renin; Renin used $2.5M to prepay term loan.
BBX Capital closes acquisition of additional 40% stake in Altman Companies, gaining control
On Jan 31, 2023, BBXRE acquired an additional 40% equity interest in The Altman Companies for $8.1M (adjusted from $9.4M base).
BBX Capital approves 150% bonus target for CEO & EVP, $2.12M LTIP awards to five executives
CEO Jarett Levan and EVP Seth Wise eligible for 2023 bonus up to 150% of base salary.
BBX Capital closes sale of St. Lucie County land, expects $23M net gain in Q4 2022
Sold ~119 acres of vacant land in St. Lucie County, FL for net proceeds of $23.4M.
BBX Capital to commence cash tender offer for up to 1M shares at $10.00/share, 33.5% premium
Tender offer for up to 1,000,000 shares of Class A Common Stock at $10.00/share.
BBX Capital Q3 net income falls to $4.0M from $19.2M; EPS $0.26 vs $1.13
Total consolidated revenues $75.2M, down 18% from $91.8M; income before taxes $6.5M vs $25.7M.
BBX Capital Q2 revenue $83.7M (+36% YoY) but net income drops to $10.5M; Renin loss, covenant breach
Net income $10.5M ($0.68 diluted EPS) vs $20.1M ($1.07) a year ago; revenue $83.7M vs $61.7M.
BBX Capital Real Estate sells two Florida apartment communities; receives $16.4M distribution
Sold Altis Miramar (320 units) and Altra Miramar (330 units) in Miramar, FL.
BBX Capital subsidiary sells Bayview JV interest, expects $7.5M gain
BBXRE sold its equity interest in Bayview joint venture on June 30, 2022 for net cash proceeds of ~$8.8M.
BBX Capital Real Estate completes sale of Altis Little Havana for ~$9.5M net cash
Altis Little Havana 224-unit multifamily community in Miami, Florida sold by joint venture.
BBX Capital JV agrees to sell Altis Little Havana; expects net cash distribution of ~$9.5M
Altis Little Havana JV entered sale agreement; buyer made $5M non-refundable deposit on May 25, 2022.
BBX Capital shareholders elect 12 directors, approve incentive plan share increase
All 12 director nominees elected with 47.1M-47.3M votes for; no broker non-votes.
Consolidated revenue $75.5M, up 22% YoY, but net loss of $1.8M vs. net income $2.3M.
BBX Capital swings to Q4 net income of $5.3M; FY revenue $313.6M up 81%
Q4 2021 total revenues $98.2M vs $56.2M; net income $5.3M vs ($3.5M) loss.
BBX Capital increases chairman, vice chairman salaries to $750k; boosts CEO/CFO bonus targets
Chairman Alan B. Levan and Vice Chairman John E. Abdo base salary increased from $400k to $750k each.
BBX Capital Board authorizes up to $15M share repurchase program
Board authorized repurchase of Class A and Class B common stock for up to $15 million.
BBX Capital furnishes Dec 2021 presentation materials; details not available in filing text
Presentation materials attached as Exhibit 99.1 are cited but not reproduced.
BBX Capital repurchases $14.5M in shares from unaffiliated shareholder; buyback program exhausted
Board approved repurchase of 1,305,416 shares of Class A Common Stock for ~$14.5M in private transaction.
BBX Capital Q3 revenue $91.8M, net income $19.2M vs loss; boosts buyback to $20M
Total Q3 revenue $91.8M (up 118% YoY); net income $19.2M vs loss $8.3M; diluted EPS $1.13 vs loss $0.43.
BBX Capital appoints director, boosts buyback to $20M, and recapitalizes Altis Grand Central
Marcia Barry-Smith appointed to Board; receives standard non-employee director compensation of $100,000 annual cash retainer.
BBX Capital Q2 revenue jumps to $61.7M, net income $20.1M vs loss; IT'SUGAR emerges from bankruptcy
Revenue $61.7M vs $26.6M; diluted EPS $1.07 vs ($0.48); net income $20.1M vs ($8.7M).
Operating loan limit increased from $20M to $24M through Dec 31, 2021; reverts to $20M thereafter.
BBXRE received ~$5.8M cash distribution from Altis Grand joint venture upon sale of 350-unit Odessa, FL property.
On September 21, 2021, the Board of Directors of BBX Capital, Inc. (the “Company”) appointed Marcia Barry-Smith to the Company’s Board of Directors.
Max materiality 0.90 · Median 0.65 · Most common event other_material