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 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 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 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.
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 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).
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