SILVER STAR PROPERTIES REIT, INC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2909 HILLCROFT, SUITE 420 HOUSTON, TX 77057 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 334 | 285 | 1,033 | 17,780 | 1,586 | ||||
| Cash and cash equivalent | 334 | 285 | 1,033 | 17,780 | 1,586 | ||||
| Total current assets: | 334 | 285 | 1,033 | 17,780 | 1,586 | ||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 484,593 | 518,924 | 506,008 | 493,779 | 482,322 | 196 | |||
| Intangible assets, net (including goodwill) | (89,676) | (87,358) | 250 | 250 | 250 | 250 | |||
| Goodwill | 250 | 250 | 250 | 250 | 250 | 250 | |||
| Intangible assets, net (excluding goodwill) | (89,926) | (87,608) | |||||||
| Regulated entity, other noncurrent assets | 1,112 | 1,959 | 2,834 | 3,754 | 4,779 | ||||
| Total noncurrent assets: | 396,029 | 433,525 | 509,092 | 497,783 | 487,351 | 446 | |||
| Other undisclosed assets | 82,954 | 71,512 | 14,488 | 57,959 | 76,952 | 228,126 | |||
| TOTAL ASSETS: | 479,317 | 505,322 | 523,580 | 556,775 | 582,083 | 230,158 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 23,444 | 21,335 | 10,999 | ||||||
| Accrued liabilities | 5 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 23,444 | 21,335 | 10,994 | ||||||
| Debt | 5,666,000 | 2,710 | 792 | ||||||
| Total current liabilities: | 5,666,000 | 2,710 | 792 | 23,444 | 21,335 | 10,999 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | (5,298,327) | 345,294 | 334,646 | 308,325 | 312,267 | 119,120 | |||
| Total liabilities: | 367,673 | 348,004 | 335,438 | 331,769 | 333,602 | 130,119 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 92,107 | 135,015 | 163,777 | 64,631 | 69,940 | 86,701 | |||
| Common stock | 35 | 35 | 35 | 18 | 18 | 18 | |||
| Additional paid in capital | 296,152 | 297,335 | 299,375 | 174,019 | 165,084 | 167,871 | |||
| Other undisclosed equity, attributable to parent | (204,080) | (162,355) | (135,633) | (109,406) | (95,162) | (81,188) | |||
| Equity, attributable to noncontrolling interest | 19,537 | 22,303 | 24,365 | 160,375 | 178,541 | ||||
| Other undisclosed equity | 13,338 | ||||||||
| Total equity: | 111,644 | 157,318 | 188,142 | 225,006 | 248,481 | 100,039 | |||
| TOTAL LIABILITIES AND EQUITY: | 479,317 | 505,322 | 523,580 | 556,775 | 582,083 | 230,158 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 98,070 | 92,158 | 89,201 | 86,724 | 57,022 | 44,309 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | 72,045 | 49,112 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 44,309 | |
| Operating lease, lease income | 94,017 | 71,693 | 73,660 | ✕ | ✕ | |||
| Cost of revenue | (13,033) | (8,454) | (9,929) | (10,895) | (19,105) | (15,555) | ||
| Financing interest expense | (13,033) | (8,454) | (9,929) | (11,306) | ✕ | |||
| Deferred policy acquisition costs, amortization expense | (10,895) | (7,799) | (15,555) | |||||
| Gross profit: | 85,037 | 83,704 | 79,272 | 75,829 | 37,917 | 28,754 | ||
| Operating expenses | (136,101) | (105,091) | (100,211) | (92,719) | (60,562) | |||
| Operating income (loss): | (51,064) | (21,387) | (20,939) | (16,890) | (22,645) | 28,754 | ||
| Nonoperating income (Investment Income, Nonoperating) | 175 | 1,141 | ||||||
| Interest and debt expense | (1,018) | (8,454) | (9,929) | (13,834) | (11,306) | 1,332 | ||
| Income (loss) from continuing operations before income taxes: | (52,082) | (29,666) | (29,727) | (30,724) | (33,951) | 30,086 | ||
| Income tax expense | ||||||||
| Income (loss) from continuing operations: | (52,082) | (29,666) | (29,727) | (30,724) | (33,951) | 30,086 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (29,666) | (29,727) | (30,724) | (33,951) | 30,136 | |
| Income from discontinued operations | 50 | |||||||
| Other undisclosed net income | 14,051 | 16,733 | 18,717 | 24,729 | 30,411 | |||
| Net income (loss): | (38,031) | (12,933) | (11,010) | (5,995) | (3,540) | 30,136 | ||
| Net income attributable to noncontrolling interest | ||||||||
| Other undisclosed net income (loss) attributable to parent | (39,171) | |||||||
| Net income (loss) attributable to parent: | (38,031) | (12,933) | (11,010) | (5,995) | (3,540) | (9,035) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 1,783 | 597 | (2,155) | 4,562 | 2,713 | |||
| Net income (loss) available to common stockholders, diluted: | (36,248) | (12,336) | (13,165) | (1,433) | (827) | (9,035) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (38,031) | (12,933) | (11,010) | (5,995) | (3,540) | 30,136 | ||
| Comprehensive income (loss): | (38,031) | (12,933) | (11,010) | (5,995) | (3,540) | 30,136 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | ||||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (38,031) | (12,933) | (11,010) | (5,995) | (3,540) | 30,136 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.