Broad Street Realty, Inc. (BRST) Financial Statements (2024 and earlier)

Company Profile

Business Address 11911 FREEDOM DRIVE
RESTON, VA 20190
State of Incorp. DE
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,77912,3562,7864,1059,068140
Cash and cash equivalents9,77912,3562,7864,1059,068140
Receivables351018259113 
Other undisclosed current assets      34
Total current assets:9,81412,4572,8684,1649,181174
Noncurrent Assets
Operating lease, right-of-use asset1,4946958521,2871,284
Property, plant and equipment144646810710119
Intangible assets, net (including goodwill)33,37441,22835,43520,61920,222 
Intangible assets, net (excluding goodwill)33,37441,22835,43520,61920,222 
Derivative instruments and hedges  3,426    
Deferred costs2,0381,8581,1159171,307 
Total noncurrent assets:37,05047,27137,47022,93022,91419
Other undisclosed assets304,255342,558211,331164,332160,215 
TOTAL ASSETS:351,119402,286251,669191,426192,310192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:      93
Interest and dividends payable   27
Other undisclosed accounts payable and accrued liabilities      65
Debt      33
Other undisclosed current liabilities      27
Total current liabilities:      153
Noncurrent Liabilities
Liabilities, other than long-term debt6335,52111,69314,23418,089 
Deferred income tax liabilities  3,9688,96411,85314,650
Off-market lease, unfavorable6331,5532,7292,3813,439 
Total noncurrent liabilities:6335,52111,69314,23418,089 
Other undisclosed liabilities247,396284,323191,852133,708122,785 
Total liabilities:248,029289,844203,545147,942140,874153
Temporary equity, carrying amount87,28873,697    
Equity
Equity, attributable to parent19,68039,18250,79844,81251,38539
Preferred stock      0
Common stock33432331922521626
Additional paid in capital55,18672,09770,02254,62253,059111,862
Accumulated other comprehensive income54756    
Accumulated deficit(36,387)(33,294)(19,543)(10,035)(1,890)(111,849)
Equity, attributable to noncontrolling interest(3,878)(437)(2,674)(1,328)51 
Total equity:15,80238,74548,12443,48451,43639
TOTAL LIABILITIES AND EQUITY:351,119402,286251,669191,426192,310192

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues42,16932,95125,34919,6597,242 
Operating lease, lease income38,99029,87121,40815,864242
Gross profit:42,16932,95125,34919,6597,242 
Operating expenses(48,275)(41,773)(31,413)(24,769)(8,850) 
Other undisclosed operating income (loss)11,486    (601)
Operating income (loss):5,380(8,822)(6,064)(5,110)(1,608)(601)
Nonoperating expense
(Other Nonoperating expense)
(16,025)(13,308)(8,213)(7,447)(4,166) 
Interest and debt expense(43)(59)(8,433)(6,676)(3,148)(2)
Loss from continuing operations before equity method investments, income taxes:(10,688)(22,189)(22,710)(19,233)(8,922)(603)
Other undisclosed income from continuing operations before income taxes43     
Loss from continuing operations before income taxes:(10,645)(22,189)(22,710)(19,233)(8,922)(603)
Income tax benefit3,6285,8573,5333,033704 
Loss from continuing operations:(7,017)(16,332)(19,177)(16,200)(8,218)(603)
Loss before gain (loss) on sale of properties:(19,177)(16,200)(8,218)(603)
Other undisclosed net income  598,4336,6763,148 
Net loss:(7,017)(16,273)(10,744)(9,524)(5,070)(603)
Net income attributable to noncontrolling interest3,9242,5221,2361,3793,180 
Net loss attributable to parent:(3,093)(13,751)(9,508)(8,145)(1,890)(603)
Preferred stock dividends and other adjustments      (5)
Net loss available to common stockholders, diluted:(3,093)(13,751)(9,508)(8,145)(1,890)(608)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(7,017)(16,273)(10,744)(9,524)(5,070)(603)
Other comprehensive loss(6,526)(16,217)    
Comprehensive loss:(13,543)(32,490)(10,744)(9,524)(5,070)(603)
Comprehensive income, net of tax, attributable to noncontrolling interest3,9242,5221,2361,3793,180 
Comprehensive loss, net of tax, attributable to parent:(9,619)(29,968)(9,508)(8,145)(1,890)(603)

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.

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